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Awaiting price reaction for this filing.
Zenith Fibres held its 36th AGM on September 26, 2025 via video conferencing, with 4,972 shareholders on record and 28 attending through VC (6 promoters, 22 public). All 5 resolutions were passed, including adoption of FY25 audited financial statements, declaration of a 10% dividend (Rs. 1 per equity share of Rs. 10 face value), re-appointment of Mr. Aman Rungta as director, continuation of Mrs. Rashmi Desai as Independent Director beyond age 75, and appointment of the Secretarial Auditor. Overall, 19,94,908 votes were polled (50.58% of outstanding shares), with promoters voting 100% in favour on all resolutions. Public non-institutional shareholders were largely split, with resolutions 3 and 4 (Rungta re-appointment and Desai continuation) getting only 49.71% support from the public segment, though overall approval remained above 96% due to promoter backing.
Shareholders will receive a Rs. 1 per share dividend for FY25, with the record date already passed (cut-off: September 19, 2025). All key management proposals were approved, but the near-50/50 public vote on two resolutions (notably the independent director continuation) may signal some minority shareholder discomfort that investors should monitor.