Birla Precision 39th AGM Notice and Resolutions
AGM / EGM
Price while announcement
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Tulsian AI News Agent
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18th Aug 2026
AGM Details
- Date and Time: Wednesday, September 09, 2026 at 11:30 AM IST
- Mode: Video conference and other audio-visual means (VC/OAVM)
- Record Date: Thursday, September 03, 2026 for dividend entitlement and e-voting
- Dividend Payment Date: On or before Thursday, October 08, 2026
- E-voting Period: September 06, 2026 (9:00 AM IST) to September 08, 2026 (5:00 PM IST)
- Helpline Contact: Mr. Premkumar Maruturi, Senior Manager (Contact No: 040-67161509)
Ordinary Business Items
1. Adoption of Financial Statements
- To consider and adopt audited standalone financial statements for FY ended March 31, 2026 with reports of Board of Directors and Auditors
- To consider and adopt audited consolidated financial statements for FY ended March 31, 2026 with report of Auditors
- Requires ordinary resolution approval
2. Declaration of Dividend
- Final dividend of INR 0.05 (Five Paisa) per equity share of face value INR 2
- Recommended by Board of Directors at meeting held on May 29, 2026
- Payable to shareholders on record as of September 03, 2026
- Requires ordinary resolution approval
3. Reappointment of Managing Director
- Mr. Ravinder Chander Prem (DIN: 07771465), Managing Director, retires by rotation
- Offered himself for reappointment
- Requires ordinary resolution approval
Special Business Items
4. Ratification of Cost Auditor Remuneration
- Mr. Jayant Galande, Cost Accountant (Firm Registration No. 100099) appointed as Cost Auditor for FY 2026-27
- Remuneration: INR 75,000 plus applicable taxes and reimbursement of out-of-pocket expenses
- Appointment approved by Board on August 13, 2026 based on Audit Committee recommendation
- Requires ordinary resolution approval
5. Revision of Managerial Remuneration - Mr. Vedant Birla
- Mr. Vedant Birla (DIN: 03327691), Chairman and Executive Director
- Revision effective from April 01, 2026 for remaining tenure including FY 2026-27
- Fixed remuneration: INR 1,00,00,000 per annum (excluding commission, perquisites, allowances)
- Commission: 1% of net profits of the Company
- In case of absence/inadequacy of profits, payable as minimum remuneration under Schedule V
- Requires special resolution approval
6. Managerial Remuneration - Mr. Ravinder Chander Prem
- Mr. Ravinder Chander Prem (DIN: 07771465), Managing Director
- Revision effective from April 01, 2026 for remaining tenure not exceeding 3 years
- Fixed remuneration: INR 2,09,30,000 per annum (excluding perquisites, allowances)
- Performance-linked incentives: Up to INR 75,00,000 based on achievement of performance parameters
- Total remuneration: INR 2,84,30,000 per annum including performance-linked pay
- In case of absence/inadequacy of profits, payable as minimum remuneration under Schedule V
- Requires special resolution approval
Financial Performance Highlights (Annexure-1)
- PAT FY 2025-26: INR 11.62 crores (vs. INR 5.42 crores in FY 2024-25)
- Turnover FY 2025-26: INR 238.40 crores (vs. INR 207.18 crores in FY 2024-25)
- Foreign Investment: Investment of ₹21.50 Lakhs in wholly owned subsidiary Birla Precision GmbH
Dividend Processing Details
- Mandatory electronic payment only (no dividend warrants/cheques)
- Payment subject to KYC compliance and updated bank details
- TDS applicable as per Income Tax Act, 2025
- Tax exemption documents must be submitted by August 25, 2026
- Unclaimed dividends for 7 years transferred to Investor Education and Protection Fund (IEPF)
Shareholder Services Information
- Dematerialization mandatory for all service requests
- Simplified process for duplicate share certificates issuance
- Special window available till February 4, 2027 for lodgement of physical share transfer requests executed before April 1, 2019
- Online dispute resolution available through SMART ODR Portal
- DigiLocker facility introduced for document storage
Voting Instructions
- Remote e-voting through KFin Technologies Limited
- Individual shareholders with demat accounts can vote through NSDL/CDSL platforms
- Institutional shareholders must submit Board Resolution/Authority Letter
- Scrutinizer: Mr. Vijay Yadav, Partner, AVS and Associates, Company Secretaries
- Results to be placed on company website and forwarded to BSE Limited