Uflex Limited's board of directors has approved a dividend of ₹3 per equity share for the financial year ended March 31, 2025. Additionally, Sujit Kumar Varma has been re-appointed as an Independent Director for a second term.
The decisions were made during the 36th Annual General Meeting held on August 28, 2025, via video conferencing. Key highlights from the meeting include:
- Dividend: A dividend of ₹3 per equity share of ₹10 each was declared for the financial year ended March 31, 2025. The dividend will be credited on or before September 26, 2025.
- Re-appointment: Sujit Kumar Varma was re-appointed as an Independent Director for a second term of five consecutive years, effective from February 14, 2026, to February 13, 2031.
- Other Re-Appointments: Ghyanendra Nath Bajpai and Rashmi Verma were also re-appointed as Independent Directors for second terms.
- Secretarial Auditor: Mahesh Kumar Gupta of M/s. Mahesh Gupta & Co. was appointed as the Secretarial Auditor for five consecutive years, starting from the financial year 2025-26.
The meeting, which began at 12:30 PM (IST) and concluded at 12:59 PM (IST), also covered the adoption of audited financial statements for the fiscal year ended March 31, 2025.
Key Decisions and Appointments
- Adoption of Financial Statements: The board approved the audited financial statements of the company for the financial year ended March 31, 2025, along with the reports of the Board of Directors and the Auditors.
- Director Appointment: Jeevaraj Gopal Pillai, who retired by rotation, was re-appointed.
- Cost Auditor Remuneration: The remuneration of the Cost Auditors for the financial year ending March 31, 2026, was ratified and confirmed.
Details of Director Re-appointments
- Sujit Kumar Varma: Re-appointed as an Independent Director from February 14, 2026, to February 13, 2031.
- Ghyanendra Nath Bajpai: Re-appointed as an Independent Director from April 17, 2026, to April 16, 2031.
- Rashmi Verma: Re-appointed as an Independent Director from May 26, 2026, to May 25, 2031.
The results of the e-voting will be disseminated to the stock exchanges and uploaded on the company's website and CDSL. The dividend will be credited to the members on or before September 26, 2025.
The Company had provided remote e-voting facility to its members electronically on all 8 items of business set out in the Notice.
This document does not constitute minutes of the proceedings of the 36th Annual General Meeting of the Company.
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