DHP India Limited (CIN: L65921WB1991PLC051555), a leading industrial company certified with ISO 9001, ISO 14001, and ISO 45001, held its Board Meeting on 30th May 2025 in Kolkata to discuss and approve several key corporate and financial matters relating to the financial year ended 31st March 2025. The meeting followed the prior meetings of the Nomination & Remuneration Committee and Audit Committee held earlier the same day.

Approval of Audited Financial Results and Dividend Recommendation

The Board unanimously approved the audited financial results for the fourth quarter and the full financial year ended 31st March 2025. The audited statements, including the balance sheet, profit and loss account, cash flow statement, and allied statutory reports such as Tax Audit, Cost Audit, Internal Audit, and Secretarial Audit, were reviewed in detail. The statutory auditors M/s. NKSJ & Associates, Chartered Accountants (FRN 329563E), provided an unmodified opinion on these financial results, reflecting the company’s strong financial health.

In addition, the Board recommended a final equity dividend of Rs. 4 per equity share (Face Value Rs. 10), which equates to a 40% dividend payout of the total equity share capital for the FY 2024-25, subject to approval by the shareholders at the forthcoming 34th Annual General Meeting (AGM). This dividend reflects the company’s consistent performance and commitment to shareholder value creation.

Appointment of Independent Director and Auditor Reappointments

The Board approved the appointment of Mr. Surajit Raha (DIN: 07019436) as a Non-Executive Independent Director for a tenure of five years from 30th May 2025 to 29th May 2030. This appointment is subject to the approval of shareholders in the upcoming AGM. Mr. Raha will also serve as a member of three key committees: the Audit Committee, the Nomination & Remuneration Committee, and the Corporate Social Responsibility Committee during his tenure, ensuring governance and strategic oversight.

Furthermore, the Board approved the reappointment of statutory auditors M/s. NKSJ & Associates for a block of five years (FY 2025-26 to FY 2029-30), subject to shareholder approval. The Board also appointed Mrs. Alpana Sethia, Practicing Company Secretary, as the new Secretarial Auditor for a five-year term (FY 2025-26 to FY 2029-30), replacing the outgoing secretarial auditors. The reappointment of the existing Cost Auditor and Internal Auditor for FY 2025-26 was also ratified.

Other Corporate Approvals and AGM Preparation

The Board approved the draft notices for the 34th Annual General Meeting (AGM), including all allied statutory reports and papers to be presented to shareholders. The AGM will cover the approval of the audited financial results, dividend payout, appointment of independent director, reappointment of auditors, and other routine business matters.

Summary of Key Board Decisions on 30th May 2025:

1. Appointment of Mr. Surajit Raha as Non-Executive Independent Director for five years, including committee memberships.

2. Approval of audited financial results for Q4 and FY ended 31/03/2025 and recommendation of 40% final dividend.

3. Reappointment of statutory auditors M/s. NKSJ & Associates and appointment of new secretarial auditors for the next five years.

4. Approval of all statutory audit reports, including tax audit, cost audit, internal audit, and secretarial audit for FY 2024-25.

5. Approval of the Board report, AGM notice, and related statutory disclosures for the forthcoming 34th AGM.

DHP India Limited’s strong governance framework, consistent financial performance, and prudent corporate oversight are reflected in these decisions, which are now subject to shareholder approval at the 34th AGM. This robust corporate action plan aligns with the company’s long-term strategic objectives and commitment to stakeholder value.

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