ICEMAKE: Shareholders Approve ₹2.25 Dividend, Capital Increase, and ₹300 Crore Investment Authority at 16th AGM
The AGM results include material decisions such as a dividend payout, capital structure alteration, and a substantial investment authorization, which can have a medium-term impact on the company's financials and strategic direction.
All resolutions, including a dividend declaration, increase in authorized share capital, and significant investment authority (up to ₹300 crore), were passed, indicating strong shareholder confidence and potential for future growth initiatives.
Ice Make Refrigeration Limited announced that all 8 resolutions proposed at its 16th Annual General Meeting (AGM), held on September 27, 2025, have been duly passed by the shareholders. * Shareholders adopted the Audited Standalone & Consolidated Financial Statements for the financial year ended March 31, 2025. * A Final Dividend of ₹ 2.25 per Equity Share was declared. * Mr. Rajendrabhai P. Patel was re-appointed as a Director. * M/s. Nishant Pandya & Associates were appointed as Secretarial Auditors for five consecutive years, from FY 2025-26 to FY 2029-30. * The remuneration payable to Cost Auditors was ratified. * The Authorized Share Capital was increased from ₹ 17.50 crore (1.75 crore Equity shares of ₹ 10 each) to ₹ 20.00 crore (2.00 crore Equity shares of ₹ 10 each). * The continuation/ratification of directorship of Mr. Harshadrai P. Pandya as Non-Executive Director was approved via Special Resolution. * Authority was granted to the Directors for Investments not exceeding ₹ 300.00 crore under Section 186 of the Companies Act, 2013, approved via Special Resolution.
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Ice Make Refrigeration 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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See the model portfoliosA plain-language summary of a public exchange filing by Ice Make Refrigeration Limited. Read the original for the full detail.