VST Industries Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on July 23, 2025
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VST Industries held its 94th Annual General Meeting on July 23, 2025 via video conference, from 10:00 AM to 12:15 PM IST, chaired by Mr. Naresh Kumar Sethi. The board proposed a dividend of Rs.10 per equity share for the financial year ended March 31, 2025, subject to shareholder approval. Both the Statutory Auditors and Secretarial Auditor gave unqualified (clean) reports for FY25. The agenda included adoption of audited financial statements, re-appointment of a 76-year-old director (Mr. S. Thirumalai), and the appointment of three new directors — an Independent Director (Mr. Nellaiappan Thiruambalam), a Non-Executive Director (Mr. Alok Agarwal), and a Whole-time Director (Mr. Sanjay Wali). A new Secretarial Auditor (M/s. Tumuluru and Company) was also approved, along with remuneration for the Chairman and other non-executive directors.
The Rs.10 per share dividend declaration is a positive cash-return signal for shareholders. Clean audit reports and routine board refreshment suggest stable governance with no major red flags from this AGM. The results of e-voting on each resolution are awaited and could move the stock if any item is contested.