Wonder Electricals Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 24, 2025
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Wonder Electricals Limited held its 16th AGM on September 24, 2025, via video conferencing from 12:00 PM to 12:35 PM, chaired by Mr. Harsh Kumar Anand with 11 directors in attendance. Shareholders approved the audited financial statements for FY25, with both statutory and secretarial audit reports being unqualified (no adverse remarks). A final dividend of Rs. 0.10 (10%) per share on face value of Rs. 1 was declared, taking total dividend for FY25 to Rs. 0.20 per share (including the interim dividend already paid). Two directors — Mr. Yogesh Sahni (MD) and Mr. Harsh Kumar Anand (Chairman) — were re-appointed via ordinary resolutions on retirement by rotation. Notably, four special resolutions were passed seeking shareholder approval to increase the company's overall borrowing limits, create charges/mortgages on company assets, raise limits for loans and investments to other entities, and permit advancing loans or guarantees under Section 185 of the Companies Act.
The multiple special resolutions seeking expanded borrowing and lending powers suggest the company is gearing up for potential expansion, acquisitions, or higher capital deployment. The clean audit reports and modest Rs. 0.20 total dividend signal a small-cap company with conservative payouts, while the broader financial flexibility approvals could be a leading indicator of upcoming growth activity.