Asahi India Glass holds 40th AGM, approves dividend and director appointments

Asahi India Glass Limited (AIS) convened its 40th Annual General Meeting (AGM) on September 10, 2025, conducted virtually. Key resolutions passed included the adoption of the audited financial statements for the fiscal year ended March 31, 2025, encompassing both standalone and consolidated reports. A final dividend of ₹2.00 per equity share for the financial year 2024-25 was approved, with payment scheduled on or after September 16, 2025.

Shareholders re-appointed Mr. Masao Fukami and Ms. Nisheeta Labroo as directors. Additionally, Ms. Sheetal Mehta was re-appointed as a non-executive independent director for a second term of five consecutive years, effective November 4, 2025. Ms. Avanti Birla and Mr. Kazuo Ninomiya were also appointed as non-executive independent directors for five-year terms.

Significant related party transactions were also ratified, including transactions with AGC Asia Pacific Pte Limited for an aggregate value of up to ₹750 crore and with Maruti Suzuki India Limited for an aggregate value of up to ₹1,000 crore, both for FY 2025-26. M/s. Ashish & Associates were ratified as cost auditors for FY 2025-26, with remuneration of ₹1,75,000 per annum. Mr. Sundeep Kumar Parashar was appointed as secretarial auditor for a five-year term from FY 2025-26 to FY 2029-30.