Key Quantitative Figures

  • Final Dividend Recommended: ₹0.55 (11%) per equity share of face value ₹5 each
  • Current Authorized Share Capital: ₹500,00,00,000 divided into 100,00,00,000 equity shares of ₹5 each
  • Proposed Authorized Share Capital: ₹550,00,00,000 divided into 110,00,00,000 equity shares of ₹5 each
  • Paid-up Share Capital: ₹483,57,59,595 divided into 96,71,51,919 equity shares of ₹5 each
  • Cost Auditor Remuneration: ₹300,000 plus applicable taxes and out-of-pocket expenses
  • Joint Statutory Auditor Fees: ₹4,000,000 each per annum for M/s. Shailesh Haribhakti & Associates and M/s. Rathi Rathi and Co.

Dates of Action

  • AGM Date: Wednesday, September 30, 2026 at 12:30 PM IST
  • Record Date for Dividend: Tuesday, September 15, 2026
  • Dividend Payment Date: On or before Thursday, October 29, 2026
  • Remote e-Voting Period: Sunday, September 27, 2026 (9:00 AM) to Tuesday, September 29, 2026 (5:00 PM)
  • Cut-off Date for Voting Eligibility: Wednesday, September 23, 2026
  • Register Inspection Period: Thursday, September 24, 2026 to Wednesday, September 30, 2026

Parties Involved

  • Stock Exchanges: BSE Limited, National Stock Exchange of India Limited
  • Registrar & Transfer Agent: MUFG Intime India Private Limited
  • Depositories: National Securities Depository Limited (NSDL), Central Depository Services (India) Limited (CDSL)
  • Current Statutory Auditors: M/s. GSA & Associates LLP (term expiring at 30th AGM)
  • Proposed Joint Statutory Auditors: M/s. Shailesh Haribhakti & Associates-Chartered Accountants (Firm Registration No. 148136W) and M/s. Rathi Rathi and Co. - Chartered Accountants (Firm Registration No. 135143W)
  • Cost Auditors: M/s. Rajput & Associates - Cost Accountants (Registration No. 103903)
  • Scrutinizer: CS Makarand Lele (FCS 3453/CP 2074) or failing him CS Shamalee Vaze (F9845/CP 27774)

Business to be Transacted at AGM

Ordinary Business

1. Adoption of Audited Standalone Financial Statements for FY 2025-26

2. Adoption of Audited Consolidated Financial Statements for FY 2025-26

3. Re-appointment of Mrs. Supriya Shrikant Badve (DIN: 00366164) as Director retiring by rotation

4. Declaration of final dividend of ₹0.55 per equity share

5. Appointment of Joint Statutory Auditors for first term of 5 years (FY 2026-27 to FY 2030-31)

Special Business

6. Ratification of remuneration of ₹300,000 to Cost Auditor for FY 2026-27

7. Increase in Authorized Share Capital from ₹500 crore to ₹550 crore and alteration of Capital Clause of Memorandum of Association

Director Information for Re-appointment

  • Mrs. Supriya Shrikant Badve: Whole Time Director, DIN: 00366164, Age: 57 years
  • Qualifications: Master's degree in science from Amravati University
  • Experience: Over 30+ years with the company, responsible for overall business management
  • Shareholding: 43,333,920 shares (4.4806% of paid-up capital)
  • Remuneration for FY 2025-26: ₹4,03,17,356.00
  • Board Meetings Attended: 12 out of 12
  • Committee Positions: Chairperson of CSR Committee and Risk Management Committee, Member of Banking and Finance Committee

Voting Procedures

  • Remote e-voting through NSDL/CDSL platforms for demat shareholders
  • InstaVote platform for physical shareholders and non-individual shareholders
  • Cut-off date for voting eligibility: September 23, 2026
  • Results to be declared within 2 working days of AGM and posted on company website

Dividend Distribution Details

  • Dividend subject to TDS as per Income Tax Act, 1961
  • TDS rates: 10% for residents with valid PAN, 20% for non-residents and residents without PAN
  • No TDS if aggregate dividend does not exceed ₹10,000 per member
  • Dividend payments only in electronic mode as per SEBI requirements effective April 1, 2024
  • Unclaimed dividends transferred to IEPF after 7 years

Capital Increase Rationale

The increase in authorized share capital is proposed considering the Scheme of Amalgamation (Merger by Absorption) among Badve Autocomps Private Limited, Eximius Infra Tech Solutions Private Limited with Belrise Industries Limited, and future proposals.

Auditor Transition

M/s. GSA & Associates LLP completes their second term of 5 years at the 30th AGM. As per Section 139(2), no listed company can appoint/re-appoint an audit firm for more than two terms of five consecutive years.

Additional Information

  • Notice and Annual Report available on company website and stock exchange websites
  • Green initiative: Documents sent only by email unless physical copy requested
  • Members urged to update PAN, bank details, nomination, and contact information
  • Physical share holders advised to dematerialize shares
  • Online Dispute Resolution mechanism available for investor grievances