Electrosteel Castings to Hold 70th AGM on 27 August 2025; Recommends ₹1.40 Dividend
The announcement includes a dividend recommendation, which directly impacts shareholders. The AGM details and re-appointments are routine but important for corporate governance.
The company has recommended a final dividend of Re. 1.40 per equity share for FY 2024-25, which is a positive return for shareholders.
* Electrosteel Castings Limited will hold its 70th Annual General Meeting (AGM) on Wednesday, 27 August, 2025, at 11:30 a.m. through Video Conferencing (VC) or other audio-visual means (OAVM). * The Board of Directors recommended a final dividend of Re. 1.40 (140%) per Equity Share of face value of Re. 1/- each for the Financial Year ended 31 March, 2025. * The Record Date for determining eligible shareholders for the dividend is Friday, 15 August, 2025. If declared at the AGM, the dividend will be paid on or after 27 August, 2025. * The cut-off date for e-voting rights is Wednesday, 20 August, 2025. Remote e-voting will commence from Sunday, 24 August, 2025 (9:00 a.m. IST) and conclude on Tuesday, 26 August, 2025 (5:00 p.m. IST). * Key agenda items for the AGM include the adoption of audited standalone and consolidated financial statements for FY 2024-25, declaration of the recommended dividend, and re-appointment of directors Mr. Sunil Katial and Mr. Uddhav Kejriwal. * Special business items include the ratification of remuneration for joint Cost Auditors, M/s. S G & Associates at ₹1.35 lakh per annum and M/s. Narasimha Murthy & Co. at ₹1.80 lakh per annum for FY 2025-26, and the approval for the appointment of M/s MKB & Associates as Secretarial Auditor for a term of five consecutive years. * Additionally, the re-appointment of Mr. Rajkumar Khanna as an Independent Director for a second term of five years, effective from 15 June, 2025, and his continuation beyond 75 years of age, will be considered.
What to do with a filing like this
Electrosteel Castings Limited filed this with the NSE as a statutory disclosure, categorised under corporate actions. 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 Electrosteel Castings Limited. Read the original for the full detail.