Welspun Corp Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on July 31, 2025
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Welspun Corp has issued the notice for its 30th Annual General Meeting (AGM) to be held on Thursday, July 31, 2025 at 4:00 p.m. IST via video conferencing. The Board has recommended a dividend of Rs 5 per equity share (100% on face value of Rs 5) for FY25, subject to shareholder approval. The AGM will also seek approval for the re-appointment of Mr. Rajesh R. Mandawewala (who retires by rotation) and the appointment of M/s. Siroya & BA Associates as Secretarial Auditors for a 5-year term (FY 2025-26 to 2029-30). Other items include ratification of the Cost Auditor's remuneration of Rs 8.50 lakh for FY26, payment of commission of Rs 14.19 crore (1% of consolidated net profits) to Non-Executive Chairman Mr. Balkrishan Goenka, and a revision in MD & CEO Mr. Vipul Mathur's remuneration allowing up to 10% annual increment effective July 1, 2025.
Shareholders on the record date of July 18, 2025 will be eligible for the Rs 5 dividend if approved at the AGM. The proposals are largely routine governance items, though the chairman's commission and CEO pay hike may draw attention from investors tracking executive remuneration.