Computer Age Management Services (CAMS) AGM 2024 summary

Opening remarks and agenda

• The 36th AGM was convened with a quorum, conducted via audio-visual means, and included a welcome from the Chairman and introductions of board members and key executives.

• Four resolutions were presented: three ordinary and one special, with electronic voting provided for shareholders.

Financial performance review

• Revenue crossed INR 1,136 crores, profit before tax at INR 470 crores, profit after tax at INR 350 crores, and operating EBITDA exceeded INR 500 crores.

• Declared a total dividend of INR 46.5 per share (465% of face value), pending shareholder approval.

• Assets under management grew at a 16% CAGR over five years, with profit after tax up 21% in the same period.

• Non-mutual fund business segments showed significant growth, with CAMSPay receiving RBI authorization as a payment aggregator.

Board and executive committee updates

• Board saw the induction of Mr. Praveen Rao as an additional director, with plans to further expand the board.

• Leadership team strengthened, with key roles in business verticals and subsidiaries highlighted.