New Delhi/Nagpur: Manganese ore mining major MOIL Limited, a PSU under the Ministry of Mines, conducted its 63rd Annual General Meeting (AGM) on Tuesday in a hybrid mode, combining physical and electronic participation. The meeting was chaired by MOIL's Chairman & Managing Director (CMD) Ajit Kumar Saxena and held at Radisson Blu Hotel, Nagpur.
The AGM saw the approval of 11 agenda items, including adoption of audited financial statements for FY 2024-25, declaration of a final dividend of Rs 1.61 per equity share, and continuation of appointments of directors and independent directors.
The shareholders also ratified the remuneration of cost auditors for FY 2025-26 and approved the appointment of J.K. Das & Associates as Secretarial Auditor for the five-year period from FY 2025-26 to FY 2029-30.
Among other key resolutions, shareholders approved continuation of the appointments of Rakesh Tumane, Director (Finance), and M.M. Abdulla, Director (Production & Planning), as well as Government Nominee Directors and Independent Directors including Iqbal Singh Chahal, Ashwini Kumar, Dinesh Kumar Gupta, and Kapil Kotecha.
During the session, the Chairman addressed shareholder queries and highlighted the company’s performance and outlook. Seven shareholders actively participated as speakers, while additional queries were received through the virtual platform.
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