Meeting Details

The 49th Annual General Meeting of Atul Ltd was held on Friday, July 31, 2026, at 10:30 am through video conferencing/other audiovisual means. The meeting concluded at 11:35 am, lasting 65 minutes.

Record Date and Shareholder Information

Record date: July 24, 2026

Total number of shareholders on record date: 55,920

Attendance Details

  • Promoters and promoter group attended through video conferencing: 27
  • Public shareholders attended through video conferencing: 51
  • No shareholders attended in person or through proxy

Resolutions Passed

Five resolutions were passed through e-voting:

Resolution 1: Adoption of Financial Statements

  • Resolution type: Ordinary
  • Promoter interest: No
  • Description: Adoption of the Standalone Financial Statements and Reports thereon and the Consolidated Financial Statements for the financial year ended March 31, 2026
  • Voting results:
  • Promoters: 13,307,436 votes (99.7102% of shares held), 100% in favor
  • Public Institutions: 8,703,722 votes (88.5841% of shares held), 100% in favor
  • Public Non-Institutions: 1,103,401 votes (17.5974% of shares held), 99.9977% in favor (25 against)
  • Total: 23,114,559 votes (78.5094% of outstanding shares), 99.9999% in favor

Resolution 2: Dividend Declaration

  • Resolution type: Ordinary
  • Promoter interest: No
  • Description: Declaration of the dividend on equity shares
  • Voting results:
  • Promoters: 13,307,436 votes (99.7102% of shares held), 100% in favor
  • Public Institutions: 8,703,722 votes (88.5841% of shares held), 100% in favor
  • Public Non-Institutions: 1,103,401 votes (17.5974% of shares held), 99.9945% in favor (61 against)
  • Total: 23,114,559 votes (78.5094% of outstanding shares), 99.9997% in favor

Resolution 3: Reappointment of Mr Vivek Gadre

  • Resolution type: Ordinary
  • Promoter interest: No
  • Description: Reappointment of Mr Vivek Gadre (DIN: 08906935) as a Director
  • Voting results:
  • Promoters: 13,307,436 votes (99.7102% of shares held), 100% in favor
  • Public Institutions: 8,703,722 votes (88.5841% of shares held), 96.0444% in favor (344,287 against)
  • Public Non-Institutions: 1,103,401 votes (17.5974% of shares held), 99.9927% in favor (81 against)
  • Total: 23,114,559 votes (78.5094% of outstanding shares), 98.5102% in favor

Resolution 4: Reappointment of Mr Samveg Lalbhai

  • Resolution type: Ordinary
  • Promoter interest: No
  • Description: Reappointment of Mr Samveg Lalbhai (DIN: 00009278) as Managing Director for five years from December 15, 2026 to December 14, 2031
  • Voting results:
  • Promoters: 13,105,059 votes (98.1938% of shares held), 100% in favor
  • Public Institutions: 8,703,722 votes (88.5841% of shares held), 95.2104% in favor (416,876 against)
  • Public Non-Institutions: 1,103,401 votes (17.5974% of shares held), 99.9682% in favor (351 against)
  • Total: 22,912,182 votes (77.8221% of outstanding shares), 98.1790% in favor

Resolution 5: Ratification of Cost Auditor Remuneration

  • Resolution type: Ordinary
  • Promoter interest: No
  • Description: Ratification of remuneration of R Nanabhoy & Co for Cost Audit
  • Voting results:
  • Promoters: 13,307,436 votes (99.7102% of shares held), 100% in favor
  • Public Institutions: 8,703,722 votes (88.5841% of shares held), 100% in favor
  • Public Non-Institutions: 1,103,401 votes (17.5974% of shares held), 99.9945% in favor (61 against)
  • Total: 23,114,559 votes (78.5094% of outstanding shares), 99.9997% in favor

Scrutinizer Details

  • Name: Ashish C Doshi
  • Firm: SPANJ & Associates
  • Qualification: CS
  • Membership Number: F3544
  • Date of Board Meeting appointment: April 25, 2025
  • Date of Report issuance: July 31, 2026

E-Voting Process

Remote e-voting period: July 28, 2026 (9:00 am) to July 30, 2026 (5:00 pm) through CDSL platform. Votes were unblocked on July 31, 2026 after AGM conclusion, witnessed by Krutarth Raval and Madhavi Radadiya.

Detailed Scrutinizer Report Results

Resolution 1: Financial Statements Adoption

  • Remote e-voting: 22522828 votes (99.9889%) in favor, 2511 votes (0.0111%) against
  • E-voting at AGM: 583520 votes (100%) in favor
  • Total valid votes: 23106348
  • Invalid votes: 0
  • Abstained: 1 member with 5700 votes

Resolution 2: Dividend Declaration

  • Remote e-voting: 22531014 votes (99.9999%) in favor, 25 votes (0.0001%) against
  • E-voting at AGM: 583520 votes (100%) in favor
  • Total valid votes: 23114534
  • Invalid votes: 0
  • Abstained: 0

Resolution 3: Vivek Gadre Reappointment

  • Remote e-voting: 22186671 votes (98.4716%) in favor, 344368 votes (1.5284%) against
  • E-voting at AGM: 583520 votes (100%) in favor
  • Total valid votes: 22770191
  • Invalid votes: 0
  • Abstained: 0

Resolution 4: Samveg Lalbhai Reappointment

  • Remote e-voting: 21911435 votes (98.1314%) in favor, 417227 votes (1.8686%) against
  • E-voting at AGM: 583520 votes (100%) in favor
  • Total valid votes: 22494955
  • Invalid votes: 1 member with 202377 votes
  • Abstained: 0

Resolution 5: Cost Auditor Ratification

  • Remote e-voting: 22530978 votes (99.9997%) in favor, 61 votes (0.0003%) against
  • E-voting at AGM: 583520 votes (100%) in favor
  • Total valid votes: 23114498
  • Invalid votes: 0
  • Abstained: 0

Attendees at AGM

Mr Sunil Lalbhai (Chairman and Managing Director), Mr Samveg Lalbhai (Managing Director), Mr Praveen Kadle (Chairman of Audit Committee), Mr Sharadchandra Abhyankar (Chairman of Stakeholders Relationship Committee), Mr Pradeep Banerjee, Mr Sujal Shah, Ms Padmaja Chunduru, Mr Shantanu Khosal, Mr Gopi Kannan Thirukonda, and Mr Vivek Gadre.