Meeting Details
- Date: Thursday, 9th July, 2026
- Time: 11:00 AM IST
- Location: Conducted entirely through Video Conferencing / Other Audio Visual Means without physical presence of shareholders
- Type: 106th Annual General Meeting
Proposed Resolutions and Implications
Ordinary Business:
1. Adoption of audited financial statements (including consolidated financial statements) for the year ended 31st March, 2026 and Reports of Board of Directors and Auditors thereon (Ordinary Resolution)
2. Declaration of dividend of ₹2.50 (250%) per Equity Share of nominal value ₹1 each for year ended 31st March, 2026 (Ordinary Resolution)
3. Re-appointment of Mr. Takashi Tomioka (DIN: 08736654), Non-Executive Director who retires by rotation (Ordinary Resolution)
Special Business:
4. Ratification of remuneration of Cost Auditor, D. C. Dave & Co., Cost Accountants (Firm Registration No. 000611) for FY 2026-27 at ₹4,00,000 plus GST and out-of-pocket expenses (Ordinary Resolution)
Voting Process and Methods
- E-voting Provider: National Securities Depository Limited (NSDL)
- Remote e-voting period: Monday, 6th July, 2026 (9:00 AM) to Wednesday, 8th July, 2026 (5:00 PM)
- Cut-off date for voting eligibility: Thursday, 2nd July, 2026
- Voting methods: Remote e-voting prior to meeting and e-voting during AGM for those who haven't voted remotely
- Physical proxy facility: Not available for this virtual AGM
- Scrutinizer: Mr. J. H. Ranade (Membership No. F4317 & COP No. 2520) or failing him Mr. Sohan J. Ranade (Membership No. A33416 & COP No. 12520) or failing him Mrs. Tejaswi Jogal (Membership No. A29608 & COP No. 14839) of JHR & Associates
Dividend Information
- Recommended dividend: ₹2.50 per share (250%) for FY 2025-26
- Previous dividend: ₹3.75 per share (375%) for FY 2024-25, which included special dividend of ₹1.25 (125%)
- Record date: Monday, 29th June, 2026
- Payment date: On or after Tuesday, 14th July, 2026
- TDS applicability: Dividend income taxable in shareholders' hands with TDS deduction at prescribed rates
- Unclaimed dividend: FY 2017-18 unclaimed dividend already transferred to IEPF during FY 2025-26
Compliance and Regulatory References
- SEBI Regulations: Compliance with Regulation 30, 34, 36(1)(b), 40(1), and 44 of SEBI LODR Regulations
- MCA Circulars: Compliance with Circular No. 03/2025 dated 22nd September, 2025 read with Circular No. 14/2020 dated 8th April, 2020
- Companies Act 2013: Compliance with Sections 108, 112, 113, 124, 125, 148, 170, 189, and 102 for explanatory statement
- SEBI Master Circular: SEBI/HO/MIRSD/POD-1/P/CIR/2024/37 dated 7th May, 2024 for dividend payment mandates
Shareholder Participation Details
- VC/OAVM capacity: Available for 1,000 members on first-come-first-serve basis (excludes large shareholders, promoters, institutional investors, directors, KMPs, auditors, and committee chairpersons)
- Registration for speaking: Required from 29th June, 2026 (9:00 AM) to 3rd July, 2026 (5:00 PM) via email to agm@nerolac.com
- Document inspection: Register of Directors, KMP shareholding, and interested contracts available electronically upon request
- Question submission deadline: Monday, 29th June, 2026 via email to agm@nerolac.com
Signatories and Company Details
- Chairman: Bhaskar Bhat
- RTA: MUFG Intime India Private Limited
- Investor Relations Email: investor@nerolac.com
Additional Information
- Annual Report availability: On company website www.nerolac.com and stock exchange websites
- Green initiative: Physical communication containing weblink sent to shareholders without registered email
- Dematerialization mandate: All securities issues and bonus shares allotted only in dematerialized form as per SEBI regulations
- KYC requirements: Shareholders in physical form must update PAN, bank details, and contact information for dividend payments
- IEPF outreach: Company participating in 'Saksham Niveshak' campaign to help shareholders claim unclaimed dividends