Venus Pipes & Tubes Holds 11th AGM; Key Resolutions on Financials, Dividends, Borrowing Limits
This is a procedural announcement about the Annual General Meeting, outlining the agenda and noting that the meeting took place. It does not contain immediate financial results, new business orders, or significant strategic shifts, making its direct impact on the company's valuation or operations low at this stage.
The announcement details the procedural aspects and resolutions proposed at the AGM, without disclosing the voting outcomes or specific financial implications of the resolutions, such as the exact amount of borrowing or the impact of object clause alteration.
Venus Pipes & Tubes Limited held its 11th Annual General Meeting (AGM) on 25 September 2025, at 04:00 P.M. (IST) via Video Conferencing (VC) / Other Audio Visual Means (OAVM). Mr. Arun Axaykumar Kothari, Chairman of the Board, chaired the meeting.
The remote e-voting facility for members commenced on 20 September 2025 at 09:00 AM IST and concluded on 24 September 2025 at 5:00 PM IST. Mr. Piyush Prajapati was appointed as the Scrutinizer for e-voting.
The following key resolutions were presented for approval by the members: * To receive, consider, and adopt the Audited Financial Statements for the financial year ended 31 March 2025. * To re-appoint Mr. Arun Axaykumar Kothari as a director. * To confirm the payment of Interim Dividend (0.50 paisa per equity share, i.e., 5%) and declare the final dividend (0.50 paisa per equity share, i.e., 5%) for the financial year ended 31 March 2025. * Re-appointment of Statutory Auditors. * Appointment of M/s. Nikhil Dhanotiya & Associates as Secretarial Auditors of the Company. * Ratification of the remuneration of the Cost Auditors for the financial year 2025-26. * Increase in borrowing limits of the Company under Section 180(1)(c) of the Companies Act, 2013 (Special Resolution). * Creation of Charges on the movable and immovable properties of the Company for borrowings under Section 180(1)(a) of the Companies Act, 2013 (Special Resolution). * Approval for Alteration in the Object Clause of the Memorandum of Association of the Company (Special Resolution).
Mr. Arun Kothari, Chairman and Managing Director, and Mr. Kunal Bubna, Chief Financial Officer, addressed queries from members. The voting results, including remote e-voting and e-voting at the AGM, will be disseminated to the stock exchanges and uploaded on the company's website by 27 September 2025.
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Venus Pipes & Tubes 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 low impact, the band that almost never moves a portfolio on its own.
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