Members Approve Dividend of Re. 0.67 per Share, Preferential Issue of Equity Shares and Amendment to Articles

Dividend of Re. 0.67 per equity share (67% on Re.1 face value), totalling Rs.8,72,01,642/- for FY ended 31st March, 2026.

Wed 30 Sep 2026

Dividend per share

Re. 0.67 per equity share (67% on Re.1 face value)

Total dividend amount

Rs.8,72,01,642/-

Dividend for financial year

FY ended 31st March, 2026

Preferential issue approval

Members approved raising of funds by issue of Equity Shares through Preferential Issue

Articles amendment

Amendment to Article 119 grants Financial Institution observer rights on Board while loans, debentures, shares or guarantee-linked…

What was approved

• Dividend of Re. 0.67 per equity share, i.e. @ 67% on a face value of Re.1/- each, aggregating Rs.8,72,01,642/- for the financial year ended 31st March, 2026.
• Raising of funds by issue of Equity Shares through Preferential Issue.
• Amendment to the Articles of Association.

The Articles amendment in detail

The words "(as such term is defined in the Act)" are deleted from the beginning of Article 119, and a new provision is inserted after the existing provisions.

The new provision says that a Financial Institution may be granted a right to appoint, from time to time, any person as an observer on the Board, and to remove and replace such person, in accordance with and subject to the terms of transaction agreements. This right applies so long as:

• any moneys remain owing by the company to the Financial Institution out of loans or debenture assistance granted to it;
• the Financial Institution holds debentures in the company through underwriting, direct subscription or private placement;
• the Financial Institution holds shares in the company through underwriting, direct subscription or private placement; or
• any liability arising from a guarantee furnished by the Financial Institution on behalf of the company remains outstanding.

"Financial Institution" is defined broadly to mean and include any investor, bank, fund, lending institution, lender or other similar entity, company or person.

How investors may read this

An observer attends Board proceedings but is described as an observer, not a director. Enabling such a right in the Articles is commonly done alongside a fundraise, and here it sits together with the approval for a preferential issue of equity shares. A preferential issue brings new shares into existence, which can change the shareholding proportions of existing shareholders once completed.

The dividend approval gives shareholders a cash payout of Re. 0.67 for every share of Re.1/- face value held.

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