MSTC Ltd holds 59th Annual General Meeting (AGM)

The 59th Annual General Meeting (Meeting) of the Members of the MSTC Limited was held on Wednesday, the 18th September 2024 at 11.00 A.M. (1ST) through Video Conferencing (VC) / Other Audio-Visual Means (OAVM).

Shri Manobendra Ghoshal, Chairman and Managing Director, chaired the Meeting. Around 82 members joined the Meeting through virtual mode.

The following resolutions were put up for consideration of the shareholders as per the notice of the meeting:

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To receive, consider, and adopt the Audited Standalone as well as Consolidated Financial Statements of the Company for the financial year ended March 31, 2024, together with the Reports of the Board and the Auditors thereon and comments of the Comptroller and Auditor General of India.

 To confirm 1st and 2nd Interim dividends paid @ Rs. 5.50 per share and Rs . 5.00 per share respectively on equity shares for the Financial Year 2023-24 and to declare the final dividend @ Rs. 5.00 per share (50%) on equity shares for the financial year 2023-24.

 To appoint a Director in place of Smt. Bhanu Kumar (DIN: 07982360), who retires by rotation and being eligible, offers herself for re-appointment.

 

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To authorize the Board of Directors of the Company to fix the remuneration of the Statutory Auditors of the Company appointed by the Comptroller & Auditor General of India for the Financial Year 2024-25.

To appoint Shri Manobendra Ghosal (DIN: 09762368), as Chairman and Managing Director.

 To appoint Shri Vi nod Kumar Tripathi (DIN: 10711675), as Govt. Nominee Director.

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