Welspun Living Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 08, 2025
WELSPUNLIV · price
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Welspun Living Limited has dispatched the Annual Report for FY 2024-25 and notice of its 40th Annual General Meeting, scheduled for Monday, September 8, 2025 at 4:00 PM IST via video conferencing. Shareholders will vote on adopting FY25 financial statements, declaring a dividend of Rs. 1.70 per equity share, and re-appointing Mr. Altaf Jiwani as director. Key special business items include ratification of Cost Auditor remuneration of Rs. 6.30 lakh, appointment of JMJA & Associates LLP as Secretarial Auditor for five years at Rs. 1.5 lakh per annum, and approval of commission of Rs. 8.79 crore to Non-Executive Chairman Mr. Balkrishan Goenka at 1% of consolidated profits. The company is also seeking shareholder approval for upward revisions in remuneration of MD & CEO Ms. Dipali Goenka (to Rs. 4.40 crore), Whole-Time Director Mr. Altaf Jiwani (to Rs. 5.60 crore plus 5 lakh stock options), and Executive Vice Chairman Mr. Rajesh Mandawewala, along with 10% annual increment authority. E-voting will be open from September 5-7, 2025, with cut-off date of September 1, 2025.
Routine AGM notice with no major surprises. The proposed dividend of Rs. 1.70 per share confirms the board's earlier recommendation. The increases in executive director remuneration are moderate and aligned with performance, while the commission to the Chairman represents standard promoter compensation. Net impact on the stock is expected to be neutral.