AGM approves re-appointment of three Whole-Time Directors and Rs. 0.25 per share final dividend

At the AGM held on 30th September 2026, shareholders approved the re-appointment of three Whole-Time Directors retiring by rotation: Mr. Tijo Mathew Kurisummoottil, Mr. Sivaji Gollapelli and Mr. Ramesh Raja.

Wed 30 Sep 2026

Final Dividend Declared

Rs. 0.25 per equity share of Rs. 10/- each for FY ended 31st March 2026

Directors Re-appointed

Mr. Tijo Mathew Kurisummoottil, Mr. Sivaji Gollapelli, and Mr. Ramesh Raja

Re-appointment Effective Date

30th September 2026

AGM Date

30th September 2026

What was approved

Shareholders at the Annual General Meeting held on 30th September 2026 approved the following with requisite majority.

• Re-appointment of Mr. Tijo Mathew Kurisummoottil, Whole-Time Director, who retired by rotation.
• Re-appointment of Mr. Sivaji Gollapelli, Whole-Time Director, who retired by rotation.
• Re-appointment of Mr. Ramesh Raja, Whole-Time Director, who retired by rotation.
• Declaration of a final dividend of Rs. 0.25/- (Twenty-five Paise only) per equity share of Rs. 10/- each for the financial year ended 31st March 2026.

About the re-appointments

All three directors were originally appointed on 11th November 2024 and are re-appointed with effect from 30th September 2026. The update states their retirement and re-appointment shall not be deemed to constitute any break in office. Each is stated to be not debarred from holding the office of Director by virtue of any SEBI order or other such authority.

How to read this

Retirement by rotation is a routine requirement under company law, where a portion of directors step down at the AGM and can be re-appointed by shareholders. Here, the existing Whole-Time Directors continue in their roles, so there is continuity in management.

The dividend declaration means shareholders will receive Rs. 0.25 for each share of face value Rs. 10 held, subject to the company's payment process.

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