Meeting Details

The 128th Annual General Meeting (AGM) of Cheviot Company Limited was held on Thursday, 6th August, 2026 at 11:00 a.m. (IST) through video conferencing / other audio visual means. The meeting commenced at 11:00 a.m. and concluded at 11:55 a.m.

Attendance and Participation

  • Mr. Harsh Vardhan Kanoria, Chairman and Managing Director of the Company, chaired the meeting
  • 47 members joined and remained present throughout the AGM
  • All directors, Chief Financial Officer, Company Secretary, auditors and Scrutinizer were present
  • 6 registered speaker members were given opportunity to speak

Voting Mechanism

The Company provided e-voting facility to members through NSDL e-voting system. Mr. Rahul Srivastava, Practising Company Secretary, was appointed as Scrutinizer for reporting the results of e-voting.

Business Transacted and Results

The following business items from the Notice dated 21st May, 2026 were approved via e-voting:

1. Adoption of Financial Statements: Ordinary resolution to receive, consider and adopt the audited financial statements of the Company for the financial year ended 31st March, 2026 together with the reports of the Board of Directors and the Auditors thereon.

2. Dividend Declaration: Ordinary resolution to declare dividend of ₹25 (Rupees twenty five only) per ordinary share on 58,41,875 ordinary shares of face value of ₹10 each (250%), amounting to ₹14,60,46,875 (Rupees fourteen crores sixty lakhs forty-six thousand eight hundred seventy-five only) for the financial year ended 31st March, 2026.

3. Director Re-appointment: Ordinary resolution to appoint Mr. Utkarsh Kanoria (DIN 06950837) as director in place of his retirement by rotation.

4. Director Commission: Ordinary resolution for payment of commission to non-executive directors, including independent directors of the Company.

5. Cost Auditor Remuneration: Ordinary resolution for ratification of remuneration payable to the Cost Auditor for the financial year ending 31st March, 2027.

All resolutions were passed with requisite majority as per the Scrutinizer's report received on 6th August, 2026.

Additional Information

  • The audit reports (Independent Auditor's Report and Secretarial Audit Report) for FY2025-26 contained no qualifications, observations, adverse comments or remarks
  • The Chairman updated members about the Company's quarterly performance and current situation of the Jute Industry
  • The transcript of the AGM will be made available on the Company's website at www.cheviotgroup.com
  • E-voting results will be intimated separately to Stock Exchanges and uploaded on the Company's website and NSDL website