All Resolutions Passed at 62nd AGM; Rs. 2 Per Share Dividend Approved

At the 62nd AGM held on 29th September, 2026, shareholders passed all resolutions with requisite majority.

Wed 30 Sep 2026

Dividend Per Share

Rs. 2/- per equity share

Dividend as Percentage

40% of face value

Votes Polled

11078511 shares

Voting Percentage

75.0119% of outstanding shares

Dividend Approval Support

99.9980% in favour

What happened

Hindustan Composites held its 62nd Annual General Meeting on 29th September, 2026 through video conferencing. Voting was done by remote e-voting and e-voting during the meeting, scrutinised by CS Manish Baldeva. All resolutions were passed with requisite majority.

Items approved

• Adoption of audited standalone and consolidated financial statements for the year ended 31st March, 2026.
• Dividend of Rs. 2/- per equity share on shares of face value Rs. 5/- each, i.e. 40% of paid-up equity capital, for FY ended 31st March, 2026.
• Re-appointment of Mr. P. K. Choudhary, who retired by rotation.
• Commission to independent directors Mr. Lalit Kumar Bararia, Mrs. Preeti Agrawal, Mr. Rajan Dalal and Mr. Snehal Muzoomdar for FY 2025-26.
• Revision in remuneration payable to Mr. P. K. Choudhary, Managing Director, with effect from 1st April, 2026 for the remaining period of his current tenure.
• Ratification of remuneration to cost auditors M/s. Suresh Pimple & Associates for FY ending 31st March, 2027.
• Appointment of M/s. R M Mimani & Associates LLP as Secretarial Auditors for 5 consecutive years from FY 2026-27 to FY 2030-31.

Voting picture

• Shareholders on record date: 15202; 55 attended through video conferencing (14 promoter group, 41 public).
• Total valid votes polled: 11078511 shares, being 75.0119% of outstanding shares of 14769000.
• Promoter and promoter group polled 11073050 shares, all in favour.
• On the dividend resolution, 99.9980% of votes polled were in favour.
• On the financial statements resolution, 99.9973% were in favour.
• On the director re-appointment, managing director remuneration, independent director commission and cost auditor items, 99.9970% were in favour each.
• Invalid votes were Nil on each resolution.

What it means for investors

This is a routine post-meeting disclosure confirming shareholder approvals. The main item with direct cash impact for shareholders is the approved dividend of Rs. 2/- per share. Opposition was very small in absolute terms, coming from public non-institutional holders, where against votes ranged between 226 and 331 shares.

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