Meeting Details

  • Date: Thursday, May 7, 2026
  • Time: Commenced at 10:30 A.M., concluded at 12:55 P.M.
  • Venue: G. D. Birla Sabhagar, 29, Ashutosh Chowdhury Avenue, Kolkata - 700 019
  • Cut-off Date for Eligibility: Thursday, April 30, 2026
  • Remote E-voting Period: May 3, 2026 (9:00 a.m.) to May 6, 2026 (5:00 p.m.)

Attendance

  • Members Present: 422 members in person representing 11,60,49,424 shares
  • Proxy Members: 13 members through proxy representing 13,47,621 shares
  • Total Shares Represented: 11,73,97,045 shares

Directors Present

  • Mr. Biswadip Gupta (Chairman and Non-Executive Non-Independent Director)
  • Mr. Patrick Andre (Non-Executive Non-Independent Director)
  • Mr. Mohinder Rajput (Managing Director)
  • Mr. Henry James Knowles (Non-Executive Non-Independent Director)
  • Mr. Pascal Genest (Non-Executive Non-Independent Director)
  • Mr. Sunil Kumar Chaturvedi (Independent Director)
  • Ms. Rashmi Joshi (Independent Director) - via video conferencing
  • Mr. Sridhar Gorthi (Independent Director)

Other Attendees

  • Mr. Neeraj Jumrani (Chief Financial Officer)
  • Mr. Kartikaye Krishna (Legal Director)
  • Mr. Saheb Ali (Company Secretary)
  • Mr. Rajib Chatterjee and Mr. Gourab Bardhan (Price Waterhouse Chartered Accountants LLP, Auditors)
  • Mr. Anjan Kumar Roy (Anjan Kumar Roy & Co., Secretarial Auditor & Scrutiniser)

Key Financial and Operational Highlights from Chairman's Speech

  • Achieved historic turnover of ₹2,104 crore in financial year 2025
  • Profitability remained resilient despite input cost volatility
  • Completed sub-division of each equity share of face value ₹10 into ten equity shares of face value ₹1 each
  • Recommended final dividend of ₹1.50 per equity share (face value ₹1 each) for FY25
  • Total dividend outgo: ₹30.44 Crores on 202,960,800 equity shares
  • Dividend payment date: On or before May 20, 2026
  • Focus on strengthening domestic manufacturing footprint and enhancing supply chain resilience
  • Strategic capacity additions and operational improvements implemented
  • Continued focus on innovation, environmental responsibility, and safety culture

Key Points from Mr. Patrick Andre's Speech

  • India remained a standout market despite challenging global conditions and decline in global steel production
  • Growth supported by robust steel production, infrastructure investments, industrial expansion, and strong domestic demand
  • Recent visit of Vesuvius plc Board to India
  • Successful operationalisation of new manufacturing facilities in Vizag
  • Vesuvius Group's continued confidence in and commitment to India

Voting Results

All resolutions were approved with requisite majority based on consolidated scrutinizer's report:

Item 1: Adoption of Audited Financial Statements for FY25 (Ordinary Resolution)

  • Total votes cast: 166,304,546
  • Votes in favor: 166,299,985 (99.9973%)
  • Votes against: 4,561 (0.0027%)

Item 2: Declaration of Final Dividend (Ordinary Resolution)

  • Total members voted: 344
  • Total votes cast: 166,304,546
  • Votes in favor: 166,299,974 (99.9973%)
  • Votes against: 4,572 (0.0027%)
  • Dividend: ₹1.50 per equity share of face value ₹1 each

Item 3: Reappointment of Mr. Pascal Genest as Director (Ordinary Resolution)

  • Total members voted: 347
  • Total votes cast: 166,304,546
  • Votes in favor: 165,629,592 (99.5941%)
  • Votes against: 674,954 (0.4059%)
  • DIN: 09473571

Item 4: Reappointment of Mr. Mohinder Rajput as Director (Ordinary Resolution)

  • Total votes cast: 166,304,546
  • Votes in favor: 166,131,637 (99.8960%)
  • Votes against: 172,884 (0.1040%)
  • DIN: 10608199

Item 5: Ratification of Cost Auditors' Remuneration for FY26 (Ordinary Resolution)

  • Total members voted: 344
  • Total votes cast: 166,304,546
  • Votes in favor: 166,298,455 (99.9963%)
  • Votes against: 6,091 (0.0037%)
  • Cost Auditor: M/s J K & Co., Cost Accountants (Firm Registration No. 004010)

Additional Information

  • Shareholders were advised to update bank account and KYC details for electronic dividend payment
  • Concerned shareholders were urged to complete formalities for shares held in Split Escrow Demat Account
  • All documents including Register of Directors, contracts, and proxies were available for inspection
  • Annual Report was sent electronically to registered email addresses and physically upon request