Creative Castings Limited , a manufacturer of steel and alloy steel investment castings, held its 40th Annual General Meeting (AGM) on September 25, where shareholders approved several key resolutions, including a final dividend of Rs 10 per equity share for the financial year ended March 31.

Dividend Declaration

The company's shareholders gave their nod to a final dividend of Rs 10 per equity share, representing a 100% payout. This decision underscores Creative Castings Limited's commitment to rewarding its shareholders and reflects its financial performance for the year.

AGM Proceedings

The AGM, held at the company's registered office in Junagadh, Gujarat, saw the passage of several important resolutions:

1. Adoption of financial statements
2. Appointment of Mr. Hiren Narottam Vadgama as a director, who was eligible for reappointment after retiring by rotation
3. Reappointment of the company's auditor
4. Appointment of a secretarial auditor
5. Reappointment of Mr. Palak Jayeshbhai Doshi as an Independent Director for a second term

Voting Results

The company reported that all resolutions were passed with an overwhelming majority. The voting process included both remote e-voting and polling at the AGM. According to the scrutinizer's report:

Management Presence

The AGM was attended by key management personnel, including:

• Mr. Dhirubhai Haribhai Dand (Non-Executive Chairman)
• Mr. Rajan Ramniklal Bambhania (Managing Director)
• Mr. Siddharth Vallabhbhai Vaishnav (Whole-time Director)
• Other board members and key managerial personnel

Compliance and Transparency

Creative Castings Limited has affirmed its compliance with applicable provisions of the Companies Act, 2013, Secretarial Standards, and SEBI Listing Regulations in conducting the AGM. The company also announced the closure of its trading window for designated persons from October 1, until 48 hours after the declaration of unaudited financial results for the second quarter ending September 30, in line with SEBI regulations on insider trading.

The approval of these resolutions, particularly the dividend declaration, signals the company's stable financial position and its focus on shareholder value. Investors and market watchers will likely keep a close eye on Creative Castings Limited's performance in the coming quarters, especially given the current economic climate and the company's position in the steel and alloy castings sector.

Creative Castings Limited , a manufacturer of steel and alloy steel investment castings, has made several significant announcements following its board meeting held on July 26, 2025. The company has approved important appointments and financial decisions that will shape its future governance and operations.

Board Approves Re-appointment of Independent Director

The Board of Directors has given its approval for the re-appointment of Mr. Palak Jayeshbhai Doshi as a Non-Executive Independent Director for a second consecutive term of five years, effective from September 26, 2025. Mr. Doshi, a qualified dentist with experience in business administration, brings a unique blend of healthcare knowledge and managerial acumen to the board. He currently serves as the Chairperson of the Stakeholders Relationship Committee and is a member of both the Audit Committee and the Nomination and Remuneration Committee.

New Secretarial Auditors Appointed

In another key decision, the board has approved the appointment of M. Buha & Co., Practicing Company Secretaries, as the company's Secretarial Auditors. This appointment is for a term of five consecutive years, spanning from FY 2025-26 to FY 2029-30. M. Buha & Co., founded in 2011, brings over a decade of experience in providing legal and secretarial services to a wide range of clients.

Statutory Auditors Re-appointed

The company has also re-appointed M/s. J. C. Ranpura & Co, Chartered Accountants, as its Statutory Auditors for a second term of five consecutive years. This term will commence from the conclusion of the 40th Annual General Meeting (AGM) and continue until the 45th AGM, to be held in the calendar year 2030.

Financial Results and Dividend Recommendation

Creative Castings Limited has released its unaudited financial results for the first quarter ended June 30, 2025. The board has recommended a final dividend of 100% (Rs. 10.00 per equity share of Rs. 10.00 each) for the financial year ended March 31, 2025, subject to shareholders' approval at the upcoming AGM.

Annual General Meeting and Important Dates

The company's 40th AGM is scheduled for September 25, 2025. The board has fixed September 18, 2025, as the cut-off date for determining member eligibility for remote e-voting and AGM participation. This date will also serve as the record date for the purpose of the final dividend.

These decisions reflect Creative Castings Limited's commitment to maintaining strong corporate governance practices and ensuring continuity in its leadership and auditing processes. The re-appointments and new appointments are subject to shareholder approval at the forthcoming Annual General Meeting.