Lupin 44th AGM Approves ₹18 Final Dividend

Meeting Details

Date: Tuesday, August 04, 2026
Time: 04:00 p.m. to 05:20 p.m. (IST)
Location: Conducted through Video Conferencing (VC)/Other Audio Visual Means (OAVM)
Type: Annual General Meeting

Proposed Resolutions and Implications

All five ordinary resolutions proposed in the AGM notice were passed:

1. Adoption of Financial Statements: Approval of Audited Standalone and Consolidated Financial Statements for FY 2025-26 with Board of Directors and Auditors' reports

2. Dividend Declaration: Final dividend of ₹18 per equity share for FY 2025-26

3. Director Appointment: Re-appointment of Mr. Nilesh D. Gupta (DIN: 01734642) as Director liable to retire by rotation

4. Auditor Appointment: Appointment of Deloitte Haskins & Sells Chartered Accountants LLP as Statutory Auditors

5. Cost Auditor Remuneration: Ratification of remuneration for Cost Auditor for FY 2026-27

Voting Process and Methods

Remote e-voting: Conducted from July 31, 2026 (9:00 A.M.) to August 03, 2026 (5:00 P.M.) through NSDL
E-voting during AGM: Available for 15 minutes following conclusion of AGM proceedings
Scrutinizer: Mr. Saurabh Agarwal, Partner of Makarand M. Joshi & Co., Company Secretaries
Voting Rights: 3,05,730 shareholders as on record date (July 28, 2026)

Key Voting Outcomes

Overall Participation

Total outstanding shares: 457,234,894
Total votes polled: Ranged from 90.14% to 90.45% across different resolutions

Resolution-wise Results

Resolution 1: Adoption of Financial Statements

Total votes polled: 412,157,411 (90.14%)
Votes in favor: 410,294,128 (99.55%)
Votes against: 1,863,283 (0.45%)

Resolution 2: Dividend Declaration

Total votes polled: 413,571,907 (90.45%)
Votes in favor: 413,571,243 (99.9998%)
Votes against: 664 (0.0002%)

Resolution 3: Director Re-appointment

Total votes polled: 413,431,247 (90.42%)
Votes in favor: 412,659,372 (99.81%)
Votes against: 771,875 (0.19%)

Resolution 4: Auditor Appointment

Total votes polled: 413,431,297 (90.42%)
Votes in favor: 413,349,227 (99.98%)
Votes against: 82,070 (0.02%)

Resolution 5: Cost Auditor Remuneration

Total votes polled: 413,431,242 (90.42%)
Votes in favor: 413,429,700 (99.9996%)
Votes against: 1,542 (0.0004%)

Category-wise Participation

Promoter and Promoter Group (214,212,684 shares)

100% participation across all resolutions
100% votes in favor for all resolutions

Public Institutions (215,309,183 shares)

Participation: 91.79%-92.38%
Approval rates: 99.06%-100%

Public Non-Institutions (27,713,027 shares)

Participation: 1.15%-1.15%
Approval rates: 98.65%-99.79%

Scrutinizer's Role and Findings

Mr. Saurabh Agarwal was appointed scrutinizer for both remote e-voting and e-voting during AGM
Voting process conducted through NSDL platform
Votes were unblocked in presence of two witnesses: Mr. Abhishek Gupta and Ms. Nishita Lekhwani
Electronic register maintained as per Rule 20(4)(xiv) of Companies (Management and Administration) Rules, 2014
Confirmed all resolutions passed with requisite majority

Compliance Confirmation

Meeting conducted in compliance with Companies Act, 2013, SEBI Listing Regulations, and relevant MCA/SEBI circulars
Notice and Integrated Report sent electronically to members
Newspaper advertisements published in Business Standard (English) and Mumbai Lakshdeep (Marathi) on July 14, 2026
Statutory registers and certificates available for electronic inspection during AGM

Additional Information

Board Attendance: 9 out of 10 directors present, including Mrs. Manju D. Gupta (Chairperson), Ms. Vinita Gupta (CEO), Mr. Nilesh D. Gupta (Managing Director)
Auditor Representation: Representatives from B S R & Co. LLP (Statutory Auditors), Makarand M. Joshi & Co. (Secretarial Auditors), and Mr. Suresh D. Shenoy (Cost Auditor) present
Member Participation: 77 members attended through VC/OAVM (12 Promoter/Promoter Group, 65 Public)
Voting Restrictions: Votes from Unclaimed/Suspense/Escrow Accounts and IEPF were frozen; FPI votes restricted per SEBI Master Circular if additional disclosures not submitted