Key Quantitative Figures

  • Dividend proposal: ₹140 per equity share of ₹10 each for financial year ended March 31, 2026
  • Mr. Tej Paul Sharma's FY26 remuneration: ₹301.66 lakhs
  • Mr. Neil Vasudeva's FY26 remuneration: ₹262.56 lakhs
  • Mr. Murli Teckchandani's FY25-26 sitting fees: ₹8.25 lakhs plus commission of ₹29 lakhs for 2024-25
  • Proposed commission for Mr. Teckchandani for 2025-26: ₹33.07 lakhs

Dates of Action

  • AGM Date: July 29, 2026
  • Remote e-voting period: July 26, 2026 (9:00 am) to July 28, 2026 (5:00 pm)
  • Register of Members closure: July 23, 2026 to July 29, 2026 (both days inclusive)
  • Record date for dividend: July 29, 2026 (physical shares), beneficial ownership as of July 22, 2026 (demat shares)
  • Director terms: Mr. Sharma and Mr. Vasudeva proposed for October 1, 2026 to September 30, 2029; Mr. Teckchandani proposed for August 1, 2026 to July 31, 2031; Ms. Mahajan proposed for August 1, 2026 to July 31, 2031

Parties Involved

  • Directors: Tej Paul Sharma (DIN:09195422), Neil Vasudeva (DIN:09208715), Murli Aildas Teckchandani (DIN:00049563), Vini Mahajan (DIN:06943948)
  • Share Transfer Agent: MUFG Intime India Pvt. Ltd.
  • Depositories: NSDL, CDSL
  • Scrutinizer: Mitesh Dhabliwala (Membership No. F 8331) or Priyanshi Anjania (Membership No. A 75737) from Parikh & Associates

Business Items

Ordinary Business

1. Adoption of audited financial statements for FY ended March 31, 2026 with Directors' and Auditors' Reports

2. Declaration of dividend of ₹140 per equity share

3. Re-appointment of Mr. Tej Paul Sharma as Director retiring by rotation

Special Business

4. Re-appointment of Mr. Tej Paul Sharma as Wholetime Director for 3 years (Oct 1, 2026-Sep 30, 2029) with revised remuneration:

  • Salary: ₹5 lakhs per month (increased from ₹3.50 lakhs)
  • Commission: up to 1.1% of net profits
  • Overall ceiling: 2% of net profits or ₹120 lakhs plus 0.01% of effective capital exceeding ₹250 crores in case of inadequate profits

5. Re-appointment of Mr. Neil Vasudeva as Wholetime Director for 3 years (Oct 1, 2026-Sep 30, 2029) with revised remuneration:

  • Salary: ₹4.75 lakhs per month (increased from ₹3.25 lakhs)
  • Commission: up to 1.0% of net profits
  • Same overall ceiling provisions as Mr. Sharma

6. Re-appointment of Mr. Murli Teckchandani as Independent Director for second term of 5 years (Aug 1, 2026-Jul 31, 2031)

7. Appointment of Ms. Vini Mahajan as Independent Director for 5 years (Aug 1, 2026-Jul 31, 2031)

  • Currently serves on multiple IL&FS group company boards and committees

8. Approval for accepting fixed deposits from members and public under Companies Act, 2013 provisions

Director Details

  • Mr. Tej Paul Sharma: 64 years, B.Com, joined Hawkins in 1983, holds 10 shares
  • Mr. Neil Vasudeva: 55 years, BA, PGDBM from XLRI, promoter, holds 8,37,140 shares, step-son of Mrs. Susan M. Vasudeva
  • Mr. Murli Teckchandani: 78 years, B.E. Electrical, PGDBA from IIM Ahmedabad, former Hawkins executive, holds 934 shares
  • Ms. Vini Mahajan: 61 years, BA Economics, MBA from IIM Calcutta, retired IAS officer (Punjab cadre 1987 batch)

Voting Procedures

  • Remote e-voting through NSDL from July 26-28, 2026
  • Physical polling available at AGM for those not voting remotely
  • Results to be posted on company website and NSDL website after declaration

Dividend Distribution

  • Dividend payable only through electronic mode
  • TDS to be deducted as per Income Tax Act, 2025 rates
  • Unclaimed dividends for FY ended March 31, 2019 to be transferred to IEPF if not claimed by August 25, 2026

Shareholder Information

  • Members must update KYC details with RTA (physical shares) or DP (demat shares)
  • Nomination registration encouraged for faster transmission
  • Documents available for inspection at registered office during working hours