India Pesticides Limited has announced a final dividend of ₹0.75 per equity share with a face value of ₹1 each for the financial year 2024-25. The dividend, if approved at the Annual General Meeting (AGM), will be paid on or after August 20, 2025, to shareholders as of the record date, August 12, 2025. The 40th AGM of the company will be held on August 19, 2025, via video conferencing.
| Particulars | Details |
|---|---|
| Dividend per share | ₹0.75 |
| Record Date | August 12, 2025 |
| Payment Date | On or after August 20, 2025 |
AGM Details and Agenda
The 40th Annual General Meeting of India Pesticides Limited will be held on Tuesday, August 19, 2025, at 12:30 P.M. via Video Conferencing/Other Audiovisual Means (VC/OAVM). The venue for the AGM is deemed to be the Registered Office of the Company in Bareilly.
The key agendas of the AGM include:
- Adoption of Audited Standalone and Consolidated Financial Statements for the Financial Year ended March 31, 2025.
- Declaration of Final Dividend on equity shares for the Financial Year 2024-25.
- Re-appointment of Mr. Vishal Swarup Agarwal and Mr. Vishwas Swarup Agarwal as Non-Executive Directors.
- Appointment of M/s Suresh Surana & Associates, LLP as Statutory Auditor for a period of 5 years.
- Regularization of Additional Director Dr. Udaya Bhaskar Mantripragada as a Whole-time Director and KMP of the Company.
- Approval for a 10% increase in the remuneration of Dr. Kuruba Adeppa, Whole-Time Director.
- Ratification of the remuneration of Cost Auditors for the Financial Year 2025-26.
- Appointment of Secretarial Auditors of the Company.
Special Resolutions
The AGM will also address special business items, including the regularization of Dr. Udaya Bhaskar Mantripragada as a Whole-time Director and KMP for a period of 5 years, effective from July 23, 2025. Additionally, the meeting will seek approval for a 10% increase in the remuneration of Dr. Kuruba Adeppa, Whole-Time Director, based on his performance appraisal.
The remuneration of Dr. Kuruba Adeppa includes a consolidated remuneration of ₹27 lakh per annum, with a 10% increase based on performance. He is also entitled to bonus/ex-gratia payments and other perquisites as decided by the Management. The overall remuneration will not exceed the limits prescribed under Section 196, 197 of the Companies Act, 2013.
Appointment of Auditors
The company proposes to appoint M/s Suresh Surana & Associates, LLP as the Statutory Auditor for a period of 5 consecutive years, from the conclusion of the 40th AGM until the conclusion of the 45th AGM. Furthermore, the remuneration of M/s Honey Singh & Associates, Cost Accountants, for conducting the audit of cost records for the Financial Year 2025-26, will be ratified at ₹2.25 lakh per annum plus applicable taxes.
M/s GSK & Associates, Company Secretaries, Kanpur, are proposed to be appointed as the Secretarial Auditors of the Company for a term of five years, from April 1, 2025, to March 31, 2030, at a remuneration of ₹1.15 lakh per quarter for FY 2025-26, plus applicable taxes.
Additional Information for Shareholders
Shareholders are requested to update their email addresses and bank details with their respective Depository Participants (DPs). Non-Resident Indian members are required to inform the RTA/DPs of any changes in their residential status or bank account details maintained in India.
The Notice of the 40th AGM and the Annual Report for the Financial Year 2024-25 are available on the Company's website and the websites of the Stock Exchanges (BSE and NSE).
