Vesuvius India Completes 35th AGM: Declares Dividend of ₹0.50 per Share Amid Robust Growth

Vesuvius India Completes 35th AGM: Declares Dividend of ₹0.50 per Share Amid Robust Growth​

Vesuvius India Ltd. successfully concluded its 35th Annual General Meeting (AGM) on May 7, 2026, marking a year defined by steady growth and operational resilience. The meeting saw the declaration of a final dividend and provided insights into the company's strategic direction and financial standing for the fiscal year ended December 31, 2025.

The AGM was attended by Members in person representing 11,60,49,424 shares, alongside proxies representing 13,47,621 shares. The Chairman provided a comprehensive overview of the company's performance during FY 2025, highlighting that despite input cost volatility, profitability remained resilient due to strong execution and operational efficiency.

The Chairman reported that the Company achieved a turnover of ₹2,104 crore in 2025. A key strategic action completed during the year was the sub-division of each equity share, increasing the face value from ₹10 to ₹1 per equity share, which aims to enhance liquidity and retail accessibility for shareholders. The company also maintained a commitment to sustainability, focusing on environmental responsibility and efficient resource management across its operations.

Dividend Declaration and Shareholder Decisions​

Based on sustained performance and an assessment of investment requirements, the Board of Directors recommended a final dividend of ₹0.50 per equity share for FY 2025. This dividend decision resulted in a total expected outflow of ₹30.44 Crores. Shareholders were advised to update their bank and KYC details to ensure electronic payment by May 20, 2026.

The AGM also saw the unanimous approval of the Audited Financial Statements for FY 2025 and the subsequent reports from the Board of Directors and Auditors.

Management Perspective on Market Performance​

Patrick Andre, Director and Chief Executive of Vesuvius plc., addressed members and congratulated the management team on the strong performance. He highlighted that India remained a standout market against challenging global conditions, supported by robust domestic demand and industrial expansion. Mr. Andre reiterated the commitment of the Vesuvius Group to India, referencing the successful operationalization of new manufacturing facilities in Vizag, confirming alignment between local operations and the Group's global strategy.

Voting Results Summary​

The AGM addressed several key items, including the adoption of financial statements, dividend declaration, and director reappointments. The results of the voting process were declared by the Scrutiniser on May 7, 2026.

Key outcomes from the resolutions passed at the 35th Annual General Meeting include:

Adoption of Audited Financial Statements (Item 1):

Dividend Declaration (Item 2):

Reappointment of Directors:
The AGM successfully passed resolutions for the re-appointment of Director Pascal Genest and Director Mohinder Rajput, both retiring by rotation. For example, regarding the re-appointment of Mr. Pascal Genest, 99.5941% of the total valid votes were cast in favour.

All business items outlined in the Notice dated February 26, 2026, including the ratification of Cost Auditors remuneration (Item 5), were declared as passed with a requisite majority by the end of the meeting.

VESUVIUS Stock Price Movement​

As of 2:22 PM, shares of Vesuvius India Limited are slipping by 0.94% in live trading, currently registering at ₹476.65. The equity saw a volume of 20,298 shares during this session.