Roto Pumps Limited , a leading manufacturer of pumps and pumping solutions, successfully conducted its 49th Annual General Meeting (AGM) on September 28, 2024. The virtual meeting, held via video conferencing, saw shareholders approving all 12 proposed resolutions with the requisite majority.

Key Highlights of the AGM

• Meeting Details: The AGM took place from 4:30 PM to 5:55 PM, with 54 shareholders participating through video conferencing.
• Shareholder Base: As of the record date (September 21, 2024), Roto Pumps had 39,563 shareholders.
• Dividend Declaration: Shareholders approved a final dividend of ₹1.88 per equity share with a face value of ₹2.00 for the financial year ended March 31, 2024.

Financial Statements and Management Appointments

Shareholders adopted the audited financial statements for the year ended March 31, 2024. Additionally, they approved several key management reappointments:

• Harish Chandra Gupta as Chairman & Managing Director
• Anurag Gupta as Joint Managing Director
• Arvind Veer Gupta as Deputy Managing Director

Corporate Governance Measures

The AGM also saw the approval of three Independent Directors, reinforcing the company's commitment to strong corporate governance. Furthermore, shareholders ratified the remuneration of the Cost Auditor, ensuring compliance with regulatory requirements.

E-Voting Process

CS Shailesh Dayal served as the scrutinizer for the e-voting process, overseeing the fair and transparent conduct of the voting procedures.

Conclusion

The successful completion of Roto Pumps' 49th AGM, with unanimous approval of all resolutions, reflects strong shareholder confidence in the company's management and future prospects. The reappointment of key executives and the approval of financial statements indicate a stable leadership and financial position for the pump manufacturer.

As Roto Pumps moves forward, the approved resolutions, including the dividend declaration, are expected to support the company's growth strategies and shareholder value creation in the coming fiscal year.

Roto Pumps , a leading manufacturer of industrial pumps, has announced its financial results for the first quarter ended June 30, 2025, along with several strategic decisions and appointments.

Financial Performance

For Q1 FY2026, Roto Pumps reported robust financial results:

The company's standalone revenue from operations stood at ₹5,162.79 lakhs, while its consolidated revenue reached ₹8,305.05 lakhs. Net profit after tax on a standalone basis was ₹556.77 lakhs, and on a consolidated basis, it amounted to ₹629.67 lakhs.

Strategic Investments and Acquisitions

The Board of Directors approved several strategic decisions:

1. Investment of up to ₹10 crore in Roto Energy Systems Limited (RESL), a wholly-owned subsidiary, on a need basis. RESL is engaged in manufacturing solar pumps under the "Roto Rudra" brand.

2. Acquisition of an additional 25% stake in Roto Pumps Africa Pty Ltd, making it a 100% subsidiary of Roto Overseas Pte Ltd. This move is expected to strengthen the company's presence in the Sub-Saharan African market.

Key Appointments

Roto Pumps announced two significant appointments at the senior management level:

1. Mr. Richard Stirch as General Manager - UK, bringing over two decades of experience in the industrial pump and service sector.

2. Mr. Brad Adams as General Manager - Australia, with extensive experience in sales, marketing, and distribution management of pumps and equipment.

Corporate Governance

The company made several decisions related to corporate governance:

1. Re-appointment of M/s Chandra Wadhwa & Co. as Cost Auditors for FY 2025-26.

2. Appointment of M/s. Dayal & Maur as Secretarial Auditors for a term of five consecutive financial years (FY 2025-26 to FY 2029-30), subject to shareholder approval.

3. The 50th Annual General Meeting is scheduled for September 29, 2025.

Fraud Investigation Update

The company provided an update on the previously reported fraud in its African subsidiary. An internal investigation has been conducted, and based on the South African Attorney's recommendations, the Audit Committee has advised carrying out a further forensic investigation. The estimated impact of the fraud is approximately ₹6 crore.

Roto Pumps is in the process of executing a settlement agreement with the erstwhile Director of the step-down subsidiary for recovery of the embezzled funds and is considering legal action against the concerned supplier.

The company's proactive approach in addressing this issue demonstrates its commitment to transparency and corporate governance.

As Roto Pumps continues to expand its global footprint and strengthen its market position, these financial results and strategic decisions reflect the company's focus on growth and operational excellence in the industrial pump sector.