Key Quantitative Figures

  • Dividend recommended: ₹150 per equity share of face value ₹10 each (1500%) for FY2025-26
  • Cost Auditor remuneration: ₹5 Lakh plus taxes, out-of-pocket and travelling expenses for FY2026-27
  • Commission to Non-executive Directors: Not exceeding 1% per annum of net profits for five years commencing 01 April 2026
  • Rakesh Sharma's proposed remuneration as Joint MD: ₹15.28 Crore per annum (CTC)
  • Sanjiv Bajaj's shareholding: 7,55,809 equity shares (as on 06 May 2026)
  • Rakesh Sharma's shareholding: 6,328 equity shares

Dates of Action

  • AGM Date: Tuesday, 21 July 2026 at 12:30 pm
  • Record Date for Dividend: Friday, 29 May 2026
  • Dividend Payment Date: On or before Friday, 24 July 2026 (if declared)
  • Remote e-voting period: Thursday, 16 July 2026 (9:00 am) to Monday, 20 July 2026 (5:00 pm)
  • Cut-off date for voting rights: Tuesday, 14 July 2026 (end of day)

Parties Involved

  • Stock Exchanges: BSE Limited, National Stock Exchange of India Ltd.
  • Registrar & Transfer Agent: KFin Technologies Limited
  • Cost Auditor: R.B. Laddha & Co. (Firm Registration No. 004689)
  • Scrutinizers: Shri Vaibhav Dandawate (ACS No. 51538, CP No. 27947) or Ms. Deepti Kulkarni (ACS No. A34733, CP No. 22502) of M/s. Makarand M Joshi & Co.
  • Depositories: NSDL, CDSL

Agenda Items

Ordinary Business

1. Adoption of audited standalone and consolidated financial statements for FY2025-26

2. Declaration of dividend of ₹150 per equity share

3. Re-appointment of Sanjiv Bajaj (DIN: 00014615) who retires by rotation

Special Business

4. Ratification of remuneration to Cost Auditor (R.B. Laddha & Co.) for FY2026-27

5. Approval for payment of commission to Non-executive Directors for five years commencing 01 April 2026

6. Appointment of Rakesh Sharma (DIN: 08262670) as Joint Managing Director effective 01 June 2026 to 31 March 2029

Financial Impact

  • Dividend payout amount not quantified in the disclosure
  • Cost auditor remuneration: ₹5 Lakh plus applicable taxes and expenses
  • Commission to non-executive directors: Up to 1% of net profits annually for five years
  • Joint MD remuneration: ₹15.28 Crore per annum fixed, with provisions for revision

Capital Structure Impact

No direct impact on share capital structure disclosed. Dividend payment represents cash outflow to shareholders.

Voting Procedures

  • Physical mode: At registered office in Pune
  • Remote e-voting: Available through NSDL, CDSL, or KFin platforms from 16-20 July 2026
  • Live webcast: Available through KFin's e-meetings platform
  • Scrutinizer appointment: M/s. Makarand M Joshi & Co. appointed to oversee voting process

Dividend Payment Instructions

  • Payment will be made only through electronic mode as mandated by SEBI
  • Physical warrants, cheques or demand drafts will not be issued
  • Members must register PAN and KYC details for physical shareholdings
  • TDS will be deducted as per Income Tax Act provisions

IEPF Information

  • Unclaimed dividends for FY2018-19 will be transferred to IEPF in September 2026
  • Corresponding shares will also be transferred to IEPF demat account for unclaimed dividends over seven years

Inspection of Documents

Statutory registers available for inspection at registered office from Monday to Friday (10:00 am to 12:30 pm) until AGM date, including:

  • Register of contracts with director interests
  • Register of directors and key managerial personnel
  • Secretarial Auditor certificate for ESOP Scheme 2019