Veto Switchgears Holds 19th AGM on Sep 28, 2026; Approves Final Dividend ₹1/Share
Veto Switchgears and Cables Limited held its 19th AGM on September 28, 2026. The company approved a final dividend of ₹1 per equity share (16%) for FY 2025-26. Key resolutions included the re-appointment of a director and revisions in remuneration for top management. Voting results were to be declared by September 30, 2026.
The AGM is a routine corporate event, but the approval of a dividend and changes in director remuneration have a moderate impact on shareholder value and corporate governance.
The announcement details the successful completion of the AGM and the approval of a final dividend, which are generally positive events for shareholders.
Veto Switchgears and Cables Limited conducted its 19th Annual General Meeting (AGM) on September 28, 2026, at 03:00 PM via Video Conferencing (VC) and Other Audio Visual Means (OAVM). The meeting, held in accordance with circulars from the Ministry of Corporate Affairs and SEBI, transacted business as stated in the AGM notice.
During the AGM, shareholders participated remotely. The company provided a remote e-voting facility which concluded on September 27, 2026. Members attending the AGM also had the option to vote electronically. The results of the voting were to be submitted to the stock exchanges by September 30, 2026, and placed on the company's and CDSL's websites.
The Chairman, Mr. Akshay Kumar Gurnani, presented the company's performance on standalone and consolidated bases for the Financial Year 2025-26. A final dividend of ₹1 per equity share, aggregating to 16%, was proposed for the financial year ended March 31, 2026. The meeting also covered the re-appointment of Mr. Narain Das Gurnani as a director, revision in remuneration for the Managing Director & CEO and Whole Time Director & CFO, and remuneration for Non-Executive Director Ms. Jyoti Gurnani. Ratification of the Cost Auditors' Remuneration was also on the agenda. The Audit and Secretarial Audit Reports for FY 2025-26 had no qualifications.
The AGM concluded at 3:45 PM after members were given an opportunity to express their views and ask questions. The Chairman thanked the members for their continued support.
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Veto Switchgears And Cables 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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