Key Dates and Events

  • 110th AGM Date: Friday, 25th September 2026 at 10:30 hours
  • AGM Mode: Conducted through Video Conferencing (VC)/Other Audio-Visual Means (OAVM)
  • Deemed Venue: Registered & Corporate Office at GRSE Bhavan, 61, Garden Reach Road, Kolkata - 700 024
  • Book Closure Period: 19th September 2026 to 25th September 2026 (both days inclusive)
  • Record Date for Dividend: 18th September 2026
  • Remote e-Voting Period: 20th September 2026 (9:00 AM) to 24th September 2026 (5:00 PM)
  • Dividend Payment Timeline: Within 30 days from date of declaration at AGM

Dividend Details

  • Interim Dividend Already Paid: ₹5.75 per equity share
  • Second Interim Dividend Already Paid: ₹7.15 per equity share
  • Final Dividend Proposed: ₹6.70 per equity share (subject to AGM approval)
  • Total Dividend for FY 2025-26: ₹19.60 per equity share
  • Dividend Payment Method: Electronic transfer only as per SEBI guidelines
  • TDS Applicability: As per Income Tax Act, 2025 provisions detailed in the notice

AGM Agenda Items

Ordinary Business

1. Adoption of audited financial statements for FY ended 31st March 2026 with reports of Board of Directors, Auditors, and CAG comments

2. Confirmation of interim dividends (₹5.75 and ₹7.15 per share) and declaration of final dividend (₹6.70 per share)

3. Re-appointment of Capt. Sunilkumar Panangadan, IN (Retd) (DIN: 11193635) who retires by rotation

4. Fixing remuneration of Statutory Auditors for FY 2026-27 to be appointed by CAG

Special Business

5. Confirmation of appointment of Shri Niranjan Mukund Bhalerao (DIN: 10941391) as Whole-time Director designated as Director (Finance) for 5 years effective from 06 October 2025

6. Confirmation of appointment of Dr. Vijay Namdeorao Zade (DIN: 05142336) as Government Nominee Director effective from 05 June 2026

7. Ratification of remuneration payable to Cost Auditors M/s. Bandyopadhyaya Bhaumik & Co. for FY 2026-27 at ₹58,000 plus applicable taxes and out-of-pocket expenses

8. Alteration of Articles of Association (Articles 260(c), 261(b), 261(c), and 261(y)) to implement enhanced Navratna status powers

Navratna Status Implications

The Department of Public Enterprises, Ministry of Finance vide OM No. PD-26/0003/2025-PD-(14508) dated 19 June 2026 accorded Navratna Status to GRSE, providing enhanced operational and financial autonomy. The Article alterations seek to implement:

  • Increased capital expenditure limits without government approval up to ₹500 crore or net worth
  • Enhanced joint venture/subsidiary investment limits to 15% of networth per project (₹1,000 crore limit) and 30% overall
  • Updated reference from Mini-Ratna to Navratna status in Article 261(y)

Director Appointments and Details

  • Shri Niranjan Mukund Bhalerao: Appointed Director (Finance) from 06 October 2025, previously with Indian Oil Corporation Limited, holds CA and Cost Accountant qualifications, remuneration ₹32.20 lakh for partial FY 2025-26
  • Dr. Vijay Namdeorao Zade: Appointed Government Nominee Director from 05 June 2026, IAS officer, currently Joint Secretary (Naval Systems) in Department of Defence Production, no remuneration from company
  • Capt. Sunilkumar Panangadan: Director retiring by rotation, seeking re-appointment, remuneration ₹68.50 lakh for FY 2025-26, attended 7 board meetings

Shareholder Information

  • e-Voting Provider: National Securities Depository Limited (NSDL)
  • Scrutinizer: CS Atul Kumar Labh of M/s. A.K. Labh & Co., Company Secretaries
  • Voting Rights: Proportional to shareholding as on record date (18 September 2026)
  • Document Availability: Notice and Annual Report available on company website (www.grse.in), NSDL website, and stock exchange websites
  • Unclaimed Dividend: Final dividend for 2018-19 due for transfer to IEPF Authority on or before 21 November 2026 if unclaimed by 01 October 2026

Financial Impact

  • Total dividend outflow for FY 2025-26: ₹19.60 per share (if final dividend approved)
  • Cost auditor remuneration: ₹58,000 + taxes and expenses
  • No quantified impact disclosed for Article alteration

Additional Information

  • RTA: M/s. Alankit Assignments Limited
  • Company Secretary: Sandeep Mahapatra (ICSI Membership No. ACS 10992)
  • Email for investor queries: investor.grievance@grse.co.in