Ahluwalia Contracts (India) Ltd, a prominent engineering and construction company, held its 46th Annual General Meeting (AGM) on September 29, where shareholders approved a dividend of ₹0.60 per share. This represents a 30% dividend payout, demonstrating the company's commitment to shareholder returns.

Key Highlights of the AGM

• Dividend Approval: Shareholders ratified a dividend of ₹0.60 per share (30%).
• Dividend Payment: The approved dividend will be settled by October 28, and credited directly to shareholders' bank accounts.
• Tax Implications: The company will deduct tax at source from dividend payments as per the Income Tax Act, with rates varying based on shareholders' residential status and category.

AGM Proceedings and Resolutions

The AGM, conducted through video conferencing, saw the passage of several key resolutions:

1. Financial Statements: Adoption of standalone and consolidated financial statements.
2. Director Reappointment: Mr. Shobhit Uppal was re-appointed as a director, retiring by rotation.
3. Auditor Appointment: M/s SCV & Co LLP, Chartered Accountants, were appointed as statutory auditors.
4. Cost Auditor Remuneration: Ratification of remuneration for cost auditors for the upcoming financial year.
5. Secretarial Auditor: Appointment of Mr. Santosh Pradhan as the secretarial auditor.

Shareholder Participation and Voting

The meeting saw active participation from shareholders, with 68 members attending via video conferencing. E-voting facilities were provided both before and during the AGM to ensure maximum shareholder participation in the decision-making process.

Management's Address

Mr. Bikramjit Ahluwalia, Chairman & Managing Director, addressed the shareholders, discussing the economic scenario, the company's overall performance for the year ended March 31, and future expansion and diversification plans.

Conclusion

The approval of the dividend and the passage of all resolutions indicate strong shareholder confidence in Ahluwalia Contracts' management and future prospects. The company's commitment to maintaining shareholder returns, even as it plans for future growth, positions it well in the competitive construction and engineering sector.

Investors and stakeholders can access the detailed voting results and scrutinizer's report on the company's website and the stock exchanges where Ahluwalia Contracts is listed.

Ahluwalia Contracts (India) Ltd , a prominent player in the engineering, designing, and construction sector, has announced significant changes to its auditing team and set the date for its 46th Annual General Meeting (AGM). The company's Board of Directors made these decisions during a meeting held on August 28, 2025.

New Auditor Appointments

The Board has approved the appointment of SCV & Co., LLP as the company's statutory auditors for a five-year term, spanning from 2025-26 to 2029-30. This appointment is subject to shareholder approval at the upcoming AGM. SCV & Co., LLP will replace the outgoing auditors, Amod Agrawal and Associates, whose term concludes at the 46th AGM.

SCV & Co., LLP is a well-established firm with offices across five Indian cities and a team of over 350 members. The firm brings extensive experience in various industries, including construction, engineering, and infrastructure.

In addition to the statutory auditors, the Board has made two other key appointments:

1. N M & Co. has been named as the cost auditor for the financial year 2025-26.
2. Santosh Kumar Pradhan has been appointed as the secretarial auditor for a five-year term from 2025-26 to 2029-30.

46th Annual General Meeting

The Board has scheduled the 46th AGM for September 29, 2025, at 12:30 p.m. The meeting will be conducted via video conferencing, adapting to the evolving corporate meeting practices.

Important Dates

Other Board Approvals

The Board meeting, which lasted from 10:15 a.m. to 11:00 a.m., also saw the approval of the Directors' Report, including all annexures, for the financial year ended March 31, 2025.

These changes and appointments reflect Ahluwalia Contracts' commitment to maintaining strong corporate governance and ensuring comprehensive auditing practices. Shareholders and investors will have the opportunity to ratify these decisions at the upcoming AGM in September.

As the company moves forward with these new appointments, it positions itself for continued growth and transparency in its operations, which could be of interest to current and potential investors in the construction and infrastructure sectors.