38th AGM Approves Rs. 37 Final Dividend and Director Re-appointments
At the 38th AGM held on 29th September 2026 (via video conferencing), shareholders approved a Final Dividend of Rs. 37/- per share for FY 2025-2026.
- Final Dividend
- Rs. 37/- per share for FY 2025-2026
- Managing Director Re-appointment
- Sri P.V. Chandran for 5 years (01.04.2027 to 31.03.2032)
- Independent Woman Director Re-appointment
- Mrs. Vijayalakshmi Narendra (12.08.2026 to 11.08.2031)
- Independent Director Appointment
- Sri K. Murali Mohan for 5 years from 38th AGM conclusion
- AGM Date
- 29th September 2026
What was shared
The company informed the exchanges that its 38th Annual General Meeting was held on Tuesday, 29th September 2026 at 12:00 Noon through Video Conferencing / Other Audio-Visual Means. Based on the Scrutiniser Report dated 30.09.2026, all resolutions placed before shareholders were approved.
Dividend
- Ordinary Resolution: declaration of a Final Dividend of Rs. 37/- for the Financial Year 2025-2026.
Board-related approvals
- Special Resolution: re-appointment of Sri P.V. Chandran as Managing Director for a period of 5 years, from 01.04.2027 to 31.03.2032.
- Special Resolution: continued holding of office by Dr. K. Venkatachalam as Non-Executive Director upon attaining the age of 75 years, in line with Regulation 17(1A) of SEBI Listing Regulations.
- Special Resolution: re-appointment of Mrs. Vijayalakshmi Narendra as Independent Woman Director from 12.08.2026 to 11.08.2031, not liable to retire by rotation.
- Special Resolution: appointment of Sri K. Murali Mohan as Independent Director for 5 years from the conclusion of the 38th AGM, up to completion of 5 years or the date of the 43rd AGM, whichever is earlier, and not liable to retire by rotation.
How to read it
The dividend is now formally declared, which is the step that makes it payable to eligible shareholders. The other approvals give continuity at the top of the management structure and refresh the independent director bench for the next five years.
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More numbers
- Final dividend per share FY2025-26Rs. 37/-
- MD re-appointment tenure5 years
- Age threshold for continued office of Non-Executive Director75 Years
- Independent Director tenure (K. Murali Mohan)5 years
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