Indraprastha Medical Corporation shareholders approve dividend at 37th AGM

Indraprastha Medical Corporation Limited conducted its 37th Annual General Meeting (AGM) on September 24, 2025, via video conferencing. Dr. Prathap C. Reddy, vice chairman, chaired the meeting, which saw the adoption of the audited financial statements for the year ended March 31, 2025. Shareholders also approved a dividend of INR 4.50 per equity share (45%) on the face value of INR 10/- each for the financial year ended March 31, 2025.

Key resolutions included the re-appointment of dr. Suneeta Reddy and dr. Sangita Reddy as directors liable to retire by rotation. Additionally, Mr. Sudhir Jalan was appointed as an independent director for a five-year term from August 6, 2025, to August 5, 2030. The company also appointed M/s. RSM & Co. as secretarial auditors for five years, covering financial years 2025-26 through 2029-30, and ratified the cost auditor’s remuneration for the year ending March 31, 2026.

The meeting utilized remote e-voting and e-voting facilities during the AGM, with results to be announced within 48 hours and submitted to stock exchanges. The proceedings concluded at 1:05 p.m.