Notice of 43rd AGM of the Company to be held on July 30, 2025 at 3:30 P.M.
VISAKAIND · price
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Visaka Industries Limited has issued the notice for its 43rd AGM, scheduled for Wednesday, July 30, 2025, at 3:30 p.m. (IST) to be conducted via Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The key items include adoption of audited standalone and consolidated financial statements for FY ended March 31, 2025, and declaration of a final dividend of Rs. 0.50 (50 paise) per equity share (25%) on shares of Rs. 2 face value for FY 2024-25. Other items include the re-appointment of Dr. G. Vivek Venkatswamy (founder, DIN: 00011684), who retires by rotation, ratification of cost auditor M/s. Sagar & Associates' remuneration of Rs. 1,65,000 plus taxes for FY 2025-26, and appointment of M/s. GMR & Associates as Secretarial Auditors for a five-year term (FY 2025-26 to FY 2029-30) at a proposed remuneration of Rs. 2 lakh for FY 2025-26. The record date for dividend entitlement is June 27, 2025, and the e-voting window runs from July 26 to July 29, 2025, with the cut-off date being July 23, 2025.
For shareholders, the Rs. 0.50/share final dividend (subject to approval) is a small cash return, with the record date of June 27, 2025. The other items are routine AGM business (auditor ratification, director re-appointment) and are unlikely to move the stock price materially.