PIGL Shareholders Approve FY25 Financials, Dividend, Director Re-appointment, and Auditor Appointments at AGM
The approval of financial statements, re-appointment of a director and the Managing Director, declaration of a dividend, and appointment of auditors are significant operational and governance matters for the company, directly affecting shareholder returns and leadership continuity.
All proposed resolutions, including the declaration of a final dividend, re-appointment of directors, and appointments of auditors, were approved by shareholders with overwhelming majority, indicating strong shareholder confidence.
Power & Instrumentation (Gujarat) Limited (PIGL) announced the consolidated voting results of its 41st Annual General Meeting (AGM) held on Saturday, September 27, 2025, via Video Conferencing. All resolutions proposed at the AGM were passed by the shareholders with the requisite majority.
Key resolutions approved include: * Adoption of the Standalone and Consolidated audited Financial Statements for the financial year ended March 31, 2025, along with the Board of Directors' and Auditors' reports thereon. This resolution received 100% votes in favour from the total votes polled. * Re-appointment of Mr. Sumeet Dileep Agnihotri as a Director, who retired by rotation. This resolution also received 100% votes in favour from the total votes polled. * Declaration of a Final Dividend of ₹0.20 (Twenty Paisa Only), i.e., 2%, per equity share for the Financial Year ended March 31, 2025, as recommended by the Board of Directors. This resolution was passed with 99.9879% votes in favour from the total votes polled. * Approval of the remuneration for M/s. Mayur Chhaganbhai Undhad & Co., Cost Accountants, as the Cost Auditors for the Financial Year ending March 31, 2026. This received 99.8771% votes in favour from the total votes polled. * Appointment of Secretarial Auditors of the Company. This resolution passed with 99.8845% votes in favour from the total votes polled. * Approval of material related party transactions to be entered into by the Company with related parties. This passed with 99.9151% votes in favour from the total votes polled. * Re-appointment of Mr. Padmaraj Padmanabhan Pillai as the Managing Director for a further period of 3 years and approval of his managerial remuneration. This resolution received 99.8029% votes in favour from the total votes polled.
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