Dai-ichi Karkaria Declares ₹1.50 Dividend at 66th AGM

Meeting Details

The 66th Annual General Meeting was held on Thursday, August 27, 2026 at 11:30 a.m. (IST) through Video Conferencing/Other Audio-visual means in compliance with MCA and SEBI circulars. The meeting was chaired by Mrs. Shernaz Vakil, Chairperson & Whole-time Director.

Attendance

• Board of Directors: All directors attended
• Management: Mr. Farokh Gandhi (CFO) and Mr. Ankit Shah (Company Secretary) present
• Auditors: Representatives from B S R & Co. LLP (Statutory Auditors) and Vinod Kothari & Company (Secretarial Auditors) attended via video conference
• Scrutinizer: Mr. Alwyn D'Souza, Practicing Company Secretary, appointed for vote scrutiny
• Shareholders: 59 shareholders attended through VC/OAVM (9 Promoters/Promoter Group, 50 Public)
• Total shareholders as of cut-off date (August 20, 2026): 5,942 equity shareholders

Business Transacted

Ordinary Business:

1. Adoption of Audited Standalone and Consolidated Financial Statements for FY ended March 31, 2026

2. Declaration of dividend of ₹1.50 (15%) per equity share of face value ₹10 each for FY2026

3. Re-appointment of Mrs. Shernaz Vakil (DIN: 00002519) who retires by rotation

Special Business:

4. Ratification of remuneration payable to M/s. Diwanji & Associates, Cost Accountants (Firm Registration no. 100227) amounting to ₹1,50,000 plus applicable taxes and out-of-pocket expenses for cost audit for FY2027

5. Approval of Material Related Party Transactions with ChampionX Dai-ichi India Private Limited up to maximum aggregate value of ₹60 crores from conclusion of 66th AGM until 67th AGM (not exceeding 15 months)

6. Approval of Material Related Party Transactions with Indian Oxides and Chemicals Private Limited up to maximum aggregate value of ₹60 crores from conclusion of 66th AGM until 67th AGM (not exceeding 15 months)

Key Financial Figures

• Dividend per share: ₹1.50 (15% on face value of ₹10)
• Cost auditor remuneration: ₹1,50,000 plus taxes and expenses
• Related party transaction limits: ₹60 crores each with ChampionX Dai-ichi and Indian Oxides

Voting Results

All resolutions were passed with 100% approval votes:

• Resolution 1 (Financial Statements): 48,27,209 votes in favor (100%)
• Resolution 2 (Dividend): 48,27,209 votes in favor (100%)
• Resolution 3 (Director Re-appointment): 48,27,209 votes in favor (100%)
• Resolution 4 (Cost Auditor Remuneration): 48,27,209 votes in favor (100%)
• Resolution 5 (ChampionX RPT): 59,909 votes in favor (100%)
• Resolution 6 (Indian Oxides RPT): 59,909 votes in favor (100%)

No votes were cast against any resolution, and there were no invalid votes.

Additional Information

• Statutory Auditors' Report and Secretarial Audit Report for FY2026 had no qualifications/observations
• Related party transactions will be executed at arm's length basis and in ordinary course of business
• Voting was conducted through CDSL's e-voting platform
• Consolidated Scrutinizer's Report was prepared by Alwyn D'Souza of Alwyn Jay & Co.
• Documents were uploaded to company website and CDSL