News

On April 30, the deadline for Corporations (Sociedades Anônimas) and Limited Liability Companies (Sociedades Limitadas) to hold meetings for the approval of the managers’ accounts relating to the fiscal year ended on December 31, 2025, will expire.

Pursuant to the Brazilian Corporations Law, corporations must hold, within the first 4 (four) months following the end of each fiscal year, that is, by April 30 of each year, an Annual Shareholders’ Meeting (AGO) in order to:

• Approve the managers’ accounts and examine, discuss and vote on the financial statements;
• Resolve on the allocation of the net profit for the fiscal year and the distribution of dividends; and
• Elect the managers and the members of the fiscal council, if applicable.

It should also be noted that the financial statements must be published prior to the respective Annual Shareholders’ Meeting, and the publication requirements vary according to the size of the company.

Limited Liability Companies are likewise subject to the obligation of holding, within the same legal deadline, a Quotaholders’ Meeting or Quotaholders’ Assembly, as applicable, to approve the accounts for the fiscal year, among other matters.

Meetings and assemblies may be held in person, in hybrid format or digitally, and participation through a duly appointed proxy is also permitted, pursuant to applicable law.