Carraro India AGM: Dividend declared, director re-appointments, remuneration revisions approved
The resolutions passed at the AGM, including dividend declaration and director appointments, have a moderate impact on the company's operations and shareholder value.
The announcement details the successful proceedings of the AGM, including the approval of key resolutions like dividend declaration and director appointments.
* The 28th Annual General Meeting (AGM) of Carraro India Limited was held on 11th September, 2025. * Mr. Ettore Francesco Sequi, Chairman of the Board, presided over the meeting. * The meeting was attended by 93 members. * The Board included Mr. Tomaso Carraro, Dr. Balaji Gopalan, Mr. Sudhendra Mannikar, Mr. Davide Grossi, Mr. Andrea Conchetto, Mrs. Uma Mandavgane and Mr. Kishore Saletore. * A final dividend of ₹4.55 per equity share of face value of ₹10 each (45.50%) for FY 2024-25 was declared. * Mr. Tomaso Carraro and Mr. Enrico Gomiero were re-appointed as directors. * Annual revisions in the remuneration of Dr. Balaji Gopalan, Mr. Sudhendra Mannikar and Mr. Davide Grossi were approved. * Dr. Balaji Gopalan was re-appointed as the Managing Director from 4th February, 2026 up to and including 8th August, 2029. * Mr. Sudhendra Mannikar was re-appointed as WTD & COO from 15th March, 2026 up to and including 8th August, 2029. * M/s. Mehta & Mehta were appointed as Secretarial Auditor for 5 years effective from 1st April, 2025. * The remuneration to M/s. Adawadkar Deshmukh & Associates as Cost Auditors for FY 2025-26 was ratified. * Material Related Party Transactions for FY 2025-26 were approved. * The remuneration payable to Non-Executive (Non-Independent) Directors and Independent Directors for FY 2025-26 was approved.
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Carraro India Limited filed this with the NSE as a statutory disclosure, categorised under agm-egm. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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