⏸️ CSAP: HOLD Signal (6/10) – Certified Copies of Resolutions adopted by the Annual General Meeting

📌 Key Takeaways

• ✅ Shareholders approved financial statements for the year ended June 30, 2025.
• 💰 Final cash dividend of Rs. 2.5 per share (25%) approved.
• 💸 Total cash dividend for the year: Rs. 7.5 per share (75%).
• 👨‍💼 M/s A.F. Ferguson & Co. re-appointed as Auditors.
• 🗓️ Auditors to serve until the next Annual General Meeting.
• 💼 Board authorized to fix auditor remuneration.
• 📄 Audit of annual financial statements approved.
• 📑 Limited review of half-yearly interim financial statements approved.
• 👍 Review of compliance with corporate governance code approved.
• 📜 Other certifications as required were approved.
• 🤝 Resolutions passed in the 41st Annual General Meeting on October 28, 2025.
• 🏦 Dividend payout reflects company’s financial health and commitment to shareholders.
• 🔍 Auditor re-appointment ensures continuity and oversight.
• 📊 Approval of financial statements provides transparency to stakeholders.
• ⭐ Resolutions indicate stable corporate governance and operational practices.

🎯 Investment Thesis

HOLD. The approval of financial statements and dividend declaration are positive signals, but more detailed financial analysis and sector comparison are needed to make a strong buy or sell recommendation. The re-appointment of auditors provides stability. Price target: Dependent on detailed financial model and market conditions. Time horizon: Medium term, pending further financial data and industry analysis.