Apex Frozen Foods shareholders approve all AGM resolutions

Apex Frozen Foods Limited held its 13th annual general meeting (AGM) on Monday, September 29, 2025, via video conferencing/other audio-visual means. All 11 resolutions, comprising both ordinary and special business, received shareholder approval. The total votes polled across all resolutions ranged from 73.9011% to 73.9779% of outstanding shares.

Key ordinary resolutions passed included the adoption of the audited financial statements for FY 2024-25, which garnered 99.9968% votes in favor, and the declaration of a final dividend of Rs. 2.00/- (20%) per equity share, approved with 99.9973% votes in favor. The re-appointment of Mrs. Karuturi Neelima Devi as a director received 99.2476% support, while the appointment of M/s. A S Ramkumar & Associates as secretarial auditors passed with 99.9950% votes in favor.

Special resolutions also saw significant approval, such as the continuation of Mr. Karuturi Satyanarayana Murthy as executive chairman, which passed with 98.7765% votes in favor. However, the proposal to increase the overall limit of maximum managerial remuneration from 16% to 26% of net profits was approved with 99.0213% of votes in favor and 0.9787% against.