TAKA Jewellery Holdings Limited: 2025 Annual General Meeting – Key Investor Updates

Date & Venue: The Annual General Meeting (AGM) of TAKA Jewellery Holdings Limited was held on 29 October 2025 at 3 Kaki Bukit Place, Eunos Techpark, Singapore, at 9:30 a.m.

1. Major Resolutions Passed

• Adoption of Financial Statements: The Company’s Directors’ Statement and Audited Financial Statements for the year ended 30 June 2025, together with the Independent Auditor’s Report, were unanimously adopted. This signals continued transparency and strong governance, which may reassure investors regarding the company’s financial health.
• Final Dividend Declaration: Shareholders approved a one-tier tax-exempt final dividend of 0.268 Singapore cents per ordinary share for FY2025. This payout may support share price stability and provide direct returns to investors.
• Directors’ Re-Election: Both Dr. Tan Kia King (Non-Executive Chairman & Independent Director) and Mr. Kuan Cheng Tuck (Independent Director) were re-elected with 100% of votes cast in favor. Their continued leadership ensures stability in governance and committee oversight, potentially benefiting strategic continuity.
• Directors’ Fees Approved: Directors’ fees for the financial year ending 30 June 2026 were set at S\$180,000, payable quarterly in arrears. This reflects the company’s commitment to rewarding its board for continued stewardship.
• Re-Appointment of Auditor: Ernst & Young LLP was re-appointed as the independent auditor, reaffirming the company’s commitment to rigorous and credible auditing practices.
• Authority to Issue Shares: The Board was granted the authority to allot and issue shares (up to 100% of issued shares, with up to 50% on a non-pro-rata basis) pursuant to Section 161 of the Companies Act 1967 and Rule 806 of the Catalist Rules. This flexibility enables TAKA Jewellery to raise capital quickly for growth, acquisitions, or other strategic purposes, which could be price sensitive if exercised at scale.
• Renewal of Share Buyback Mandate: The company renewed its share buyback mandate, allowing repurchase of up to 10% of issued shares at prices not exceeding the maximum purchase price defined in the shareholders’ letter dated 10 October 2025. This is particularly noteworthy as share buybacks can signal management’s confidence in the company’s undervaluation or improve shareholder returns, potentially leading to positive share price movement.

2. Poll Results: Strong Shareholder Support

• All resolutions were passed with overwhelming majority (most at 100% support, except Directors’ Fees at 99.94%).
• No shareholders voted against any resolutions except for Directors’ Fees, which saw a minimal dissent.

3. Important Takeaways for Investors

• Dividend Payout: Approval of the final dividend is a direct financial benefit to shareholders and may underpin the share price.
• Share Buyback Mandate: The renewal of this mandate is potentially price sensitive. If exercised, buybacks can reduce share supply, increase EPS, and signal management’s confidence, which typically supports or lifts share prices.
• Share Issuance Authority: The broad authority given to directors to issue new shares provides strategic flexibility but could be dilutive if exercised. Investors should monitor any announcements related to new share issues as they may be price sensitive.
• Stable Leadership: The re-election of key directors and re-appointment of auditors ensures continuity in oversight, which is generally positive for investor confidence.

4. Other Notable Points

• No questions were received from shareholders prior to the meeting, indicating either strong confidence in management or a lack of contentious issues.
• The AGM was concluded efficiently, with all business transacted and the meeting closed at 10:10 a.m.

Potential Impact on Share Price

The key news items with potential impact on TAKA Jewellery Holdings’ share price are the approved dividend payout and the renewed share buyback mandate. Both actions typically support share prices, with buybacks especially acting as a positive signal of undervaluation or management confidence. The broad authority to issue new shares is also price sensitive, as it may lead to future capital raising or dilution.

Disclaimer

This article is based on the official minutes of TAKA Jewellery Holdings Limited’s Annual General Meeting held on 29 October 2025. The information provided is for general informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult their financial advisors before making any investment decisions. The Singapore Exchange Securities Trading Limited assumes no responsibility for the contents of this article.

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