Apex Frozen Foods AGM Approves ₹2.00 Dividend, Director Appointments

The AGM addressed several key items, including the adoption of financial statements, declaration of dividend and the re-appointment of directors. Here’s a summary of the resolutions:

1. Adoption of the Audited Financial Statements for FY2024-25.

1. Declaration of final dividend of ₹2.00 (20%) per equity share for FY2024-25.

1. Re-appointment of Mrs. Karuturi Neelima Devi as a director.

1. Appointment of M/s. A S Ramkumar & Associates as Secretarial Auditors.

1. Continuation of Mr. Karuturi Satyanarayana Murthy as Executive Chairman.

1. Approval for increasing the overall limit of maximum managerial remuneration.

1. Re-appointment of Mr. K Saayanarayana Murthy as an Executive Director.

1. Re-appointment of Mr. Karuturi Subrahmanya Chowdary as Managing Director.

1. Re-appointment of Mrs. Neelima Devi Karuturi as Whole Time Director.

1. Re-Appointment of Mr. B Raghavulu Naidu as an Independent Director for a second term of 5 Years.

1. Re-Appointment of Mr. Govindareddy Krishnamoorthy as an Independent Director for a second term of 5 Years.

Directors in Attendance

The meeting was attended by key members of the board, including:

• Mr. K Satyanarayana Murthy (Executive Chairman)


• Mr. Karuturi Subrahmanya Chowdary (Managing Director)


• Mrs. Karuturi Neelima Devi (Whole Time Director)


• Ms. Deepthi Talluri (Independent Woman Director)


• Mr. Raghavulu Naidu (Independent Director)


• Mr. Govindareddy Krishnamoorthy (Independent Director)


• Ms. Swathi Billuri (Company Secretary)

Other Representatives

The meeting also included representatives from the statutory and secretarial auditors:

• Mr. P. Ranga Ramanujam (Statutory Auditors)


• Mr. Arun Marepally (Secretarial Auditors and Scrutinizers)


• Mr. A S Ramkumar (Consultant Company Secretary)

The Chairman informed the members that the company had provided the facility to cast their votes electronically on all resolutions set forth in the notice. The meeting was formally closed at 10:40 AM (IST).