Veto Switchgear Cable , a prominent player in the electrical segment since 1967, has announced a significant update for its shareholders. The company has set September 22, 2025, as the record date for determining shareholder eligibility for a final dividend for the fiscal year 2024-25.

Dividend Details

The proposed final dividend is Rs. 1.00 per share, representing 10% of the face value of Rs. 10.00 per share. This dividend payout is subject to approval at the company's upcoming 18th Annual General Meeting (AGM).

Key Points

• Record Date: September 22, 2025
• Dividend Amount: Rs. 1.00 per share (10% of face value)
• Face Value: Rs. 10.00 per share
• Fiscal Year: 2024-25
• Approval Pending: 18th Annual General Meeting

Regulatory Compliance

In compliance with Regulation 42 of the Securities & Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015, Veto Switchgear Cable has duly informed the stock exchanges about this dividend proposal. The company has notified both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) about the record date and dividend details.

Stock Information

Shareholders of Veto Switchgear Cable should mark their calendars for September 22, 2025, as the crucial date for dividend eligibility. The final approval of this dividend proposal will be sought during the company's 18th AGM, the date of which has not been specified in the current announcement.

Investors and stakeholders are advised to keep an eye on further communications from the company regarding the AGM date and final dividend approval.

Veto Switchgears and Cables Limited , a prominent player in the electrical segment, has announced its audited financial results for the quarter and year ended March 31, 2024, showcasing robust growth in profitability.

Strong Q4 Performance

The company reported a significant 79% year-on-year increase in standalone net profit for the fourth quarter. Net profit rose to Rs 17.32 crore, compared to Rs 9.68 crore in the same quarter of the previous year. Total income for Q4 also saw an uptick, reaching Rs 79.43 crore, up from Rs 69.32 crore in the corresponding period.

Full-Year Financial Highlights

For the full fiscal year 2024, Veto Switchgears demonstrated solid growth:

• Standalone net profit increased to Rs 30.48 crore from Rs 22.85 crore in the previous year
• Total income grew to Rs 230.17 crore from Rs 208.95 crore

On a consolidated basis, the group reported a net profit of Rs 18.06 crore, compared to Rs 20.45 crore in the previous year.

Dividend Declaration

The board of directors has recommended a final dividend of Rs 1 per equity share (10% of face value of Rs 10). This dividend is subject to shareholder approval at the upcoming Annual General Meeting.

Corporate Governance and Management Changes

The company has taken steps to ensure continued compliance and efficient operations:

1. Reappointment of Govind Jaiswal as the secretarial auditor for FY 2024-25
2. Reappointment of Rajesh & Company as the cost auditor for FY 2024-25

Subsidiary Development

During the quarter, Veto Switchgears lost control over its subsidiary, Veto Overseas Private SEZ.

Upcoming Annual General Meeting

Veto Switchgears and Cables Limited has scheduled its 18th Annual General Meeting for September 29, 2025. The meeting will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM) at 3:00 PM. Shareholders will have the opportunity to participate in remote e-voting, with the cut-off date for determining voting eligibility set as September 22, 2025.

The company's strong financial performance, coupled with its commitment to shareholder returns and corporate governance, positions Veto Switchgears and Cables Limited as a notable player in the electrical equipment sector.