The board of Quality Power Electrical Equipments Limited has approved a dividend of ₹1 per equity share and appointed Secretarial Auditors for a term of five years during its 24th Annual General Meeting held on Thursday, 25th September, 2025.
The board has declared a dividend of ₹1 per equity share with a face value of ₹10 each for the financial year ended 31st March, 2025, to the Non-Promoter category shareholders. The Promoters of the Company have waived off their right to receive the dividend.
The board has also approved the following:
- Continuation of the Directorship of Mrs. Chitra Pandyan as Whole-time Director, who will attain the age of seventy (70) years in this financial year.
- Payment of remuneration to Non-Executive Directors of the Company.
- Giving Loans/Guarantees or providing securities.
- Appointment of Secretarial Auditors for a Term of Five Years.
- Ratification of the remuneration of Cost Auditors for the financial year ending March 31, 2026.
The Board of Directors appointed CS Abhay R Gulavani, Practicing Company Secretary, Sangli, as the scrutinizer to scrutinize the remote e-voting process in a fair and transparent manner.
The meeting was held through Video Conferencing (VC) and Other Audio Visual Means (OAVM), commenced at 4.30 p.m. (IST) and concluded at 05.40 p.m. (IST) after informing that the e-voting will continue for the next 15 minutes.
52 members attended the Annual General Meeting.
The e-voting period commenced on Sunday, 21st September, 2025 (09:00 a.m. IST) and ended on Wednesday, 24th September, 2025 (05:00 p.m. IST).
The facility to vote on resolutions through an electronic voting system during the course of meeting was made available to the members who participated in the meeting and had not cast their votes through remote e-voting.
The consolidated results of the voting will be declared within 48 hours of the conclusion of the AGM and will be displayed at the registered office of the Company at Plot No L-61, MIDC, Kupwad Block, Sangli 416436. The same will also be available on the website of the Company (www.qualitypower.com), website of BSE Ltd (www.bseindia.com), National Stock Exchange of India Limited (www.nseindia.com) and the website of Registrar and Share Transfer Agent.
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