Annual General Meeting of the Company is scheduled to be held on 02.07.2025 at 11.00 am. at the registered office of the company situated at Sulakarai, Virudhunagar. The Notice for the ....
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VTM Ltd has announced its 78th AGM to be held on 2nd July 2025 at 11:00 am at its registered office in Sulakarai, Virudhunagar. The AGM agenda includes adoption of audited financial statements, declaration of a final dividend of Re. 0.75 per share (on top of an interim dividend of Re. 0.25 per share paid in December 2024), re-appointment of Director Smt Uma Kannan, and ratification of Cost Auditor remuneration of Rs. 70,000 for FY 2025-26. The company posted a strong FY 2024-25 performance with turnover rising to Rs. 34,452.68 lakhs (up from Rs. 20,796.55 lakhs) and PAT jumping to Rs. 4,537.41 lakhs (from Rs. 1,829.19 lakhs), driven largely by the Home Textiles export segment which contributed Rs. 17,989.69 lakhs. Exports now account for 64.11% of total turnover. The company also invested about Rs. 473 lakhs in modernisation, including new ITEMA rapier looms from Italy, and expanded its solar power capacity to strengthen its green energy footprint. Book closure is from 21st June to 2nd July 2025, and e-voting will be facilitated through KFin Technologies.
Strong revenue and profit growth, a total dividend of Re. 1.00 per share for the year, and continued export momentum are positive for shareholders. The AGM is routine, but the robust financial performance and focus on home textile exports may support investor sentiment around the stock.