Xpro India Limited has informed the Exchange about Minutes of 28th Annual General Meeting
XPROINDIA · price
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Xpro India Limited submitted the minutes of its 28th Annual General Meeting held on July 25, 2025 via video conferencing, attended by 75 members. All six resolutions were passed with the requisite majority, including the adoption of the Directors' Report and audited financial statements for FY ended March 31, 2025. A dividend of ₹2.00 per equity share (face value ₹10) was declared on 2,32,30,391 shares, translating to a total payout of around ₹4.64 crores, with a record date of July 18, 2025. Director Sri Bharat Jhaver was re-elected via rotation, and the remuneration of ₹1,35,000 for cost auditors M/s Sanghavi Randeria & Associates for FY2025-26 was ratified. M/s Mamta Binani & Associates was appointed as Secretarial Auditor for a five-year term until the 33rd AGM in 2030. A special resolution revising the minimum remuneration of MD & CEO Sri C. Bhaskar (capped at ₹28 lakh per month in case of inadequate profits) was passed with 99.93% approval.
Eligible shareholders will receive a ₹2.00 per share dividend, a modest payout reflecting conservative capital returns. The near-unanimous approval (99.93%) of the MD & CEO remuneration revision suggests limited shareholder dissent on executive pay, though investors should note the company has built in safeguards by linking pay to net profits where applicable.