Voltas Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on July 08, 2025
VOLTAS · price
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Voltas Limited has informed the exchanges that its 71st Annual General Meeting will be held on Tuesday, 8 July 2025 at 1:00 p.m. (IST) through video conferencing. Key agenda items include adoption of audited standalone and consolidated financial statements for FY25 and declaration of a dividend of Rs. 7 per equity share (700% on face value of Rs. 1). The record date for dividend eligibility is 20 June 2025, with payments scheduled from 11 July 2025. Directors Noel Tata and Saurabh Agrawal are seeking re-appointment by rotation. Special business includes approval of a long-term incentive payout to current MD & CEO Pradeep Kumar Bakshi and appointment of Mukundan C.P. Menon as the new Managing Director effective 1 September 2025 until 24 May 2027.
Shareholders holding Voltas shares as of the 20 June 2025 record date stand to receive a Rs. 7 per share dividend pending AGM approval, representing a healthy payout. The appointment of a new Managing Director from September 2025 along with continued Tata-group board representation suggests stable leadership transition with no disruption expected for investors.