CIE India announces 27th AGM on April 29, 2026, to consider FY25 results and dividend
CIE Automotive India Limited will hold its 27th AGM on April 29, 2026, to adopt FY25 financial statements. A final dividend of ₹7 per share is proposed. Key agenda items include re-appointing Mr. Shriprakash Shukla as director and approving revised remuneration for Mr. Manoj Mullassery Menon (up to ₹30 million annually). Approval for material related party transactions with Mahindra & Mahindra (up to ₹25,000 million) is also sought.
The AGM agenda includes several material items such as dividend declaration, director re-appointments, executive remuneration adjustments, and approval of significant related party transactions. These decisions can have a medium-term impact on the company's governance, financial structure, and operational relationships.
The announcement pertains to a routine Annual General Meeting, including the adoption of financial statements, dividend declaration, director re-appointments, and approval of related party transactions. While these are important corporate actions, they do not indicate a significant positive or negative development beyond normal business operations.
CIE Automotive India Limited has announced its 27th Annual General Meeting (AGM) will be held on Wednesday, April 29, 2026, at 03:30 p.m. (IST) through Video Conference (VC)/Other Audio Visual Means (OAVM). The meeting will focus on the consideration and adoption of the Audited Standalone and Consolidated Financial Statements for the Financial Year ended December 31, 2025, along with the reports of the Board of Directors and Auditors.
A key agenda item is the declaration of a final dividend of ₹7 per ordinary equity share of face value ₹10 each for the financial year ended December 31, 2025. The company will also seek approval for the re-appointment of Mr. Shriprakash Shukla as a Director liable to retire by rotation.
Furthermore, the AGM will address several special businesses, including the ratification of remuneration to the Cost Auditor, M/s. Dhananjay V. Joshi & Associates, for the Financial Year ending December 31, 2026, amounting to ₹13,86,000 plus applicable taxes. Approval will also be sought for the remuneration payable to Mr. Shriprakash Shukla as a Non-Executive Director for a period of three years commencing from April 1, 2025, up to March 31, 2028, not exceeding ₹6,000,000 per annum. The revision in remuneration payable to Mr. Manoj Mullassery Menon as a Whole-time Director, effective from April 1, 2026, with an annual limit not exceeding ₹30,000,000 (excluding Stock Appreciation Benefit), will also be presented for approval.
The meeting will also seek member approval for material related party transactions with Mahindra & Mahindra Limited, with an aggregate annualised amount not exceeding ₹25,000 million. Additionally, approval will be sought for material related party transactions of CIE Galfor S.A.U. with CIE Automotive S.A., including cash pooling arrangements and purchase of services, with specified limits in Euros.
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CIE Automotive India Limited filed this with the NSE as a statutory disclosure, categorised under agm. 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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See the model portfoliosA plain-language summary of a public exchange filing by CIE Automotive India Limited. Read the original for the full detail.