Maruti Suzuki India Ltd held its 44th Annual General Meeting (AGM) on Thursday through video conferencing. The company’s top management and shareholders came together virtually to approve several important proposals, including the adoption of financial results for FY25, the declaration of a dividend, and a few changes in the boardroom.
Among the resolutions passed, shareholders approved the audited standalone and consolidated financial statements for the year ended March 31, 2025. A dividend on equity shares was also declared, giving a positive signal to long-term investors.
There were also some key board decisions:
Mr. Kenichi Ayukawa and Mr. Kenichiro Toyofuku were re-appointed as directors, as they were retiring by rotation. Mr. Koichi Suzuki was appointed as a new director. Mr. Toyofuku was also re-appointed as Whole-time Director (Sustainability).
The company also brought in Price Waterhouse Chartered Accountants LLP as its statutory auditors and ratified the appointment of cost and secretarial auditors. Additionally, shareholders approved an update to the company’s Memorandum of Association to reflect changes in its business objectives.
Manish Gupta from RMG & Associates was appointed to oversee the voting process. The final results will be available on Maruti Suzuki’s website and shared with stock exchanges soon.
How the Stock Reacted
Despite no big surprises from the AGM, Maruti Suzuki shares held steady, trading at Rs 14,782, up 0.46 per cent, as of 2:27 p.m. IST on Thursday.
The meeting wrapped up smoothly at 12:02 p.m., with Sanjeev Grover, Executive Officer & Company Secretary, handling the proceedings.
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