Latest news with #AnnualGeneral
The Print
2 days ago
- Business
- The Print
Berger Paints aiming for Rs 20,000 crore turnover by 2030: CEO
The company now holds a 20 per cent market share in the organised paint segment. The takeover of Akzo Nobel's coating business by JSW will not have an impact on us, he told reporters. Addressing shareholders at the company's 101st Annual General Meeting, Managing Director and CEO Abhijit Roy highlighted Berger's resilience in navigating economic slowdown and increased competition last year, achieving over seven per cent volume growth and improved operating profit. Kolkata, Aug 12 (PTI) Berger Paints India Limited, the country's second-largest paint manufacturer, is aiming to achieve a turnover of Rs 20,000 crore by 2030, a top company official said on Tuesday. 'We continue to gain market share and improve profitability, showcasing our strength. Our ambition is to reach Rs 20,000 crore by 2030,' Roy said, emphasising opportunities in decorative paints, construction chemicals, and industrial segments. The company is focusing on innovation, rapid digitalisation, and network expansion in urban markets. Berger has secured the number three position in the fast-growing construction chemical and waterproofing segment, outpacing most competitors, while maintaining leadership in protective coatings and general industrial segments, buoyed by India's infrastructure growth and 'Make in India' initiatives. Despite rising costs of some raw materials, Berger has no plans to increase product prices, as softer prices of other input components balance the impact. 'We are closely monitoring demand and input prices, with the demand scenario remaining mixed in different pockets of the market,' Roy added. The company anticipates another year of strong growth with expansion of distribution network, leveraging its robust market position and strategic initiatives, he said. PTI BSM RG This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Borneo Post
07-08-2025
- Business
- Borneo Post
Malaysian Media Council opens membership registration online
KUCHING (Aug 7): The Malaysian Media Council has officially opened membership registration online through its website. Council membership is divided into three categories: Category A is for media companies represented by their respective media publishers or nominated senior management; Category B is for media associations, media practitioners, and independent media practitioners; Category C is for non-media members such as academicians, media trainers, non-governmental organisations, and members of the public not from the media industry. 'The Founding Board of the Council, shall review the application and respond to you via email within 14 days. If accepted, a membership fee of RM 10 shall be due, for the membership term ending at the Annual General Meeting, planned for Nov 7, 2025,' the council said on the website. More details on membership application can be found at The Malaysian Media Council is an independent self-regulatory body for the media industry. Its formation was realised after the Malaysian Media Council Act 2025 was passed unanimously in Parliament in February. It officially took shape with the appointment of its 12 founding board members on July 15. Its key roles include promoting the highest standards of ethical and responsible journalism, as well as establishing a code of conduct for the media industry. Its other key roles include regulating the ethics and professional conduct of members, including investigating and mediating complaints, as well as facilitating communication between the media, government, and the public. The council's other key roles are supporting law reform that advances media independence, promoting professional development of journalists, and maintaining a central information database on the media sector. lead Malaysian Media Council
India Gazette
08-07-2025
- Politics
- India Gazette
Union Minister Jitendra Singh urges rapid adoption of agri-tech
New Delhi [India], July 8 (ANI): Union Minister of State (Independent Charge) for Science and Technology Dr Jitendra Singh on Monday called for a paradigm shift in the agriculture sector by embracing cutting-edge technology and fostering greater synergy among stakeholders. He said this while addressing the 96th Annual General Meeting of the Indian Council of Agricultural Research (ICAR) Society at the NASC Complex in the national capital. Speaking at the high-profile event chaired by Union Agriculture Minister Shivraj Singh Chouhan, Dr Singh underscored that every technology available globally is now accessible within India. 'It is no longer about whether technology is available--it is about how fast we adopt it and integrate it into our agricultural ecosystem to add value to our economy,' he said. The Minister stressed the importance of breaking mental and institutional silos, noting that many in the agriculture value chain are not just unaware of new technologies but also unaware that they are unaware. 'Technology in agriculture has progressed rapidly under Prime Minister Narendra Modi's leadership over the past 11 years. Yet, its full potential remains untapped at the ground level,' he added. Pointing to success stories like the Lavender Revolution in Jammu and Kashmir, where over 3,500 startups have emerged around lavender cultivation, Dr Singh emphasized how new-age farming--using satellite imaging, remote-controlled tractors, and order-based crop production--is reshaping the agricultural narrative. 'From lavender in Bhaderwah to off-season tulips grown for temple offerings, we have examples where science and strategy have combined to generate both income and innovation,' he noted. He also highlighted that biotech-driven advances, such as pest-resistant cotton developed through Department of Biotechnology initiatives and radiation-based food preservation techniques by the Department of Atomic Energy, are redefining how produce is grown, stored, and exported. 'Our mangoes now fly to the US thanks to these technologies. And yet, many states have not come forward to fully exploit these tools,' he observed. In an earnest appeal to state agriculture ministers and institutional stakeholders, Dr Singh proposed more frequent and informal cross-ministerial interactions to ensure real-time exchange of innovations. 'We should not wait for annual meetings alone. Let's create working groups and reach out when solutions can be shared, spontaneously and practically,' he urged. Referring to the Marine Agriculture initiative in coastal states and the cultivation of mangoes in Manipur or apples in Andhra Pradesh, the Minister cited these as 'non-traditional yet highly viable' ventures that show how India's agri-map is being redrawn through science. The meeting, attended by key Union and state ministers, scientists, and officials from ICAR and associated ministries, also saw the release of key ICAR publications and presentations on annual reports and financials. 'Our biggest challenge isn't lack of technology. It's the lack of connectedness between those who develop it and those who need it. That is the bridge we must now build,' he concluded. The AGM ended with a vote of thanks and a renewed commitment to harnessing India's scientific edge for agricultural resilience and economic growth. (ANI)
Business Wire
07-07-2025
- Business
- Business Wire
LogProstyle Inc. Announces Approval of Cash Dividend at the 2025 Annual General Meeting of Shareholders
TOKYO--(BUSINESS WIRE)-- LogProstyle Inc. (NYSE American: LGPS) (the 'Company' or 'LogProstyle'), headquartered in Minato-ku, Tokyo, Japan, announced today that all matters presented at its Annual General Meeting of Shareholders ('AGM') held on June 30, 2025 were approved. A total of 18,724,644 shares were represented at the AGM, in person or by proxy, indicating 79.17% participation of shareholders eligible to vote. In particular, the shareholders approved: Distribution of Cash Dividend Shareholders approved the distribution of a cash dividend of USD $0.023 per share, or USD $543,454 in aggregate. The cash dividend is payable on August 5, 2025, to LogProstyle's holders of record at the close of business on July 7, 2025, with the ex-dividend date of the same day. The approval of the dividend underscores the Company's ongoing commitment to disciplined capital allocation and continuous focus on delivering long-term sustainable growth. Shareholders also approved: The full vote results will be filed in a report with the Securities and Exchange Commission and posted on the Investor Relations section on the Company's website. Forward-Looking Statements Disclaimer: This press release contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and assumptions and involve risks and uncertainties that could cause actual results or outcomes to differ materially from those expressed or implied in the forward-looking statements. These risks and uncertainties include, but are not limited to, general economic conditions, changes in market conditions, the Company's ability to execute its strategic initiatives, and other factors described in the Company's filings with the U.S. Securities and Exchange Commission, including the risks detailed in the Company's annual report on Form 20-F filed with the SEC on July 7, 2025. Forward-looking statements speak only as of the date they are made and the Company undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances after the date of this press release, except as required by applicable law. Any references to our website have been provided as a convenience, and the information contained on such website is not incorporated by reference into this press release. About LogProstyle Inc. LogProstyle Inc. is involved in a wide range of businesses, including real estate development, hotel management, and restaurant management. With the slogan "redefine life style," the Company is working on various projects with the aim of illustrating an innovative and sustainable lifestyle. LogProstyle is the first unlisted Japanese company to list its Japanese common shares directly on a major United States stock exchange rather than through American Depositary Receipts (ADRs).
Business Wire
30-06-2025
- Business
- Business Wire
LogProstyle Inc. Announces Results of the 2025 Annual General Meeting of Shareholders
TOKYO--(BUSINESS WIRE)-- LogProstyle Inc. (NYSE American: LGPS) (the 'Company' or 'LogProstyle'), headquartered in Minato-ku, Tokyo, Japan, announced today that all matters presented at its Annual General Meeting of Shareholders ('AGM') held on June 30, 2025 were approved. A total of 18,724,644 shares were represented at the AGM, in person or by proxy, indicating 79.27% participation of shareholders eligible to vote. In particular, the shareholders approved: Election of Ten (10) Directors Shareholders approved the appointment of ten directors to the Board of Directors ('BoD'), with a term in office changing from two years to one year. Five of the elected directors are considered Independent, and the newly elected board is composed of experienced professionals who will guide the Company in its next phase of growth and innovation. The newly elected BoD includes Yasuyuki Nozawa, Satoshi Oyamatsu, Taiji Ito, Kentaro Tachibana, Katharyn (Katie) Field, Tamotsu Moriyama (independent), Seishi Miyajima (independent), Izumi Takemoto (independent), Hajime Yamashita (independent), and John A. Stapleton (independent). Establishment of a Performance Share Plan Also approved at the AGM is the establishment of a Performance Share Plan (the 'Plan') with post-vetting delivery and related remuneration for directors (excluding independent directors), executive officers, and directors of subsidiaries. The total amount of monetary claims and cash to be granted under the Plan to the Eligible Directors for each Performance Evaluation Period shall not exceed JPY 200 million (excluding salaries for Directors who also serve as employees), and the total number of Company Shares to be delivered shall not exceed 500,000 shares per Performance Evaluation Period. The Achievement Rate of Performance Targets is based on performance indicators (financial and/or non-financial) reflective of the Group's profitability and management policies, as determined by resolution of the BoD in advance. Shareholders also approved: Non-Consolidated Financial Statements for the 8th Fiscal Year (April 1, 2024 to March 31, 2025); Amendments to the Articles of Incorporation; Election of KSM & Partners Audit Corporation as its Accounting Auditor; and Approval of a dividend in the amount of USD 0.023 per share, or USD 543 thousand, in total, payable on August 5, 2025, to the Company's holders of record at the close of business on July 7, 2025. The full vote results will be filed in a report with the Securities and Exchange Commission and posted on the Investor Relations section on the Company's website. Forward-Looking Statements Disclaimer: This press release contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding the Company's dividend, the AGM, the Company's growth strategy, benefits of the newly elected Board, and the implementation and potential impact of the Performance Share Plan. These statements are based on current expectations and assumptions and involve risks and uncertainties that could cause actual results or outcomes to differ materially from those expressed or implied in the forward-looking statements. These risks and uncertainties include, but are not limited to, general economic conditions, changes in market conditions, the Company's ability to execute its strategic initiatives, and other factors described in the Company's filings with the U.S. Securities and Exchange Commission, including the risks detailed in the Company's annual report on Form 20-F filed with the SEC on June 27, 2025. Forward-looking statements speak only as of the date they are made and the Company undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances after the date of this press release, except as required by applicable law. Any references to our website have been provided as a convenience, and the information contained on such website is not incorporated by reference into this press release. About LogProstyle Inc. LogProstyle Inc. is involved in a wide range of businesses, including real estate development, hotel management, and restaurant management. With the slogan "redefine life style," the Company is working on various projects with the aim of illustrating an innovative and sustainable lifestyle. LogProstyle is the first unlisted Japanese company to list its Japanese common shares directly on a major United States stock exchange rather than through American Depositary Receipts (ADRs).
