AGM Details

The 30th Annual General Meeting of Astral Limited will be held on Monday, August 24, 2026 at 11:00 a.m. through Video Conferencing (VC)/Other Audio-Visual Means (OAVM).

The cut-off date for determining shareholder eligibility is Monday, August 17, 2026. Remote e-voting period: August 21, 2026 (9:00 a.m.) to August 23, 2026 (5:00 p.m.).

Dividend Information

Record Date for dividend eligibility: Friday, August 14, 2026. Dividend will be subject to TDS deduction as per Income-tax Act, 2025. Shareholders must submit Form 15G/15H by August 14, 2026 to co@astralltd.com and tds@bigshareonline.com for non-deduction if eligible.

Unclaimed dividends due for transfer to IEPF: Financial Year 2018-19 (Final Dividend) - September 2026; Financial Year 2018-19 (Bonus Fractional Entitlement) - October 2026; Interim Dividend FY 2019-20 - November 2026; Second Interim Dividend FY 2019-20 - March 2027.

Ordinary Business

1. To receive, consider and adopt Audited Standalone and Consolidated Financial Statements for FY ended March 31, 2026 with reports of Board of Directors and Auditors

2. To confirm Interim Dividend and declare Final Dividend for FY ended March 31, 2026

3. To consider re-appointment of Mr. Hiranand Savlani (DIN: 07023661) who retires by rotation

Special Business

Item No. 4: Re-appointment of Managing Director (Special Resolution)

Re-appointment of Mr. Sandeep Engineer (DIN: 00067112) as Managing Director for 5 years from April 1, 2027 to March 31, 2032, notwithstanding he will attain age 70 during tenure.

Remuneration terms:

  • ₹96,54,515 per month from April 1, 2027 to March 31, 2028
  • 15% cumulative annual increment effective April 1, 2028
  • Reimbursement of actual business expenses
  • Additional incentive: 1% of Profit Before Tax (PBT)
  • Not liable to retire by rotation during MD tenure

Item No. 5: Ratification of Cost Auditor Remuneration (Ordinary Resolution)

Ratification of remuneration of ₹2,75,000 plus applicable taxes and out-of-pocket expenses payable to M/s. V. H. Savaliya & Associates, Cost Accountants (Firm Registration No. 100346) for FY ending March 31, 2027.

Voting Procedures

Remote e-voting through CDSL platform. Shareholders can vote via:

  • CDSL demat account holders: www.cdslindia.com
  • NSDL demat account holders: https://eservices.nsdl.com
  • Physical shareholders: www.evotingindia.com using Folio Number

Scrutinizer: Mrs. Monica Kanuga, Practicing Company Secretary (Membership No. FCS: 3868; CP No: 2125)

Director Information

Mr. Sandeep Engineer

  • Age: 65, Date of Birth: May 11, 1961
  • Qualification: Chemical Engineer
  • Experience: Founder and MD since incorporation (1996), transformed company from single-product pipes business to integrated building materials group
  • Current remuneration: ₹169.99 million
  • Directorships: 8 companies including Al-aziz Plastics Private Limited, Seal IT Services Limited (UK), Astral Pipes Limited (Kenya)
  • Board meeting attendance: 6 out of 8 meetings in FY 2025-26

Mr. Hiranand Savlani

  • Age: 57, Date of Birth: October 14, 1968
  • Qualification: B.Com, CA, CS, CMA, LLB
  • Experience: Whole-Time Director and CFO since 2003, instrumental in IPO, QIP, acquisitions and financial systems
  • Current remuneration: ₹70.02 million
  • Directorships: Astral Pipes Limited, Kenya
  • Board meeting attendance: 8 out of 8 meetings in FY 2025-26