Orient Electric Limited — Others, 03-07-2025: Shareholders meeting

Orient Electric Limited has announced a board meeting to approve the financial results for the quarter and half-year. The company will hold its 9th Annual General Meeting through video conferencing. Shareholders will vote on adopting the audited financial statements for FY 2024-25, declaring a final dividend of ₹0.75 per equity share, and re-appointing Mr. Ravindra Singh Negi as Director. Approval is also sought for ratifying the remuneration of the Cost Auditor for FY 2025-26, appointing M/s. LABH & LABH Associates as Secretarial Auditor for five years, and increasing managerial remuneration payable to the MD & CEO up to 6% of net profits for FY 2024-25. The total remuneration to Mr. Negi for FY 2024-25 is ₹6.85 Cr, exceeding the 5% net profit threshold but within previously approved limits. Voting will be conducted electronically with detailed e-voting procedures provided.