HEG Limited’s 54th Annual General Meeting saw overwhelming shareholder support, with all five resolutions passed. Key approvals included the adoption of financial statements, declaration of a final dividend of ₹3.40 per equity share, and the re-appointment/continuation of directors Shri Manish Gulati and Shri Shekhar Agarwal. The company confirmed robust voting in favour of all proposals, reflecting shareholder confidence in its governance and strategy.
HEG Limited Concludes 54th AGM with Unanimous Shareholder Approval
HEG Limited successfully conducted its 54th Annual General Meeting (AGM) on July 29, 2026, where all resolutions presented to the shareholders were approved with a significant majority. The meeting, held via video conferencing, confirmed strong shareholder confidence in the company’s operations and governance.
Key Resolutions Passed
The following resolutions received unanimous approval:
Resolution 1: Financial Statements and Reports
Shareholders adopted the Audited Financial Statements for the Financial Year ended March 31, 2026, along with the reports from the Board of Directors and Auditors. This included the Audited Consolidated Financial Statements.
Resolution 2: Final Dividend Declaration
The declaration of a final dividend of ₹3.40 per equity share of face value ₹2 each for the Financial Year 2025-26 was approved. This signifies a commitment to returning value to shareholders.
Resolution 3: Re-appointment of Director
Shri Manish Gulati (DIN: 08697512), who retires by rotation, was re-appointed as a Director. His professional background and extensive experience with HEG Limited were highlighted as key factors for his continued role.
Resolution 4: Continuation of Director
The continuation of Shri Shekhar Agarwal (DIN: 00066113) as a Non-Executive Non-Independent Director was approved. This resolution was special as he will be attaining the age of 75 years in FY 2027-2028, requiring prior shareholder approval.
Resolution 5: Ratification of Cost Auditors’ Remuneration
The remuneration payable to M/s. N.D. Birla & Co. as Cost Auditors for the Financial Year ending March 31, 2027, was ratified by the shareholders.
Voting Process and Scrutinizer’s Report
The voting process included remote e-voting and e-voting during the AGM. Saket Sharma of GSK & Associates served as the Scrutinizer. The consolidated report confirmed that all resolutions were passed with the requisite majority. Votes cast were tallied, with a vast majority in favour of each resolution, reflecting the shareholders’ alignment with the company’s management decisions.
Source: BSE
