Key Decisions and Approvals

The Board of Directors of Oval Projects Engineering Limited (Scrip Code: 544498) approved the following items at their meeting held on September 03, 2026, which commenced at 3:30 PM and concluded at 3:53 PM:

  • Dividend Recommendation: The Board recommended a dividend of 10%, which translates to ₹1 per fully paid-up equity share of ₹10 each for the financial year ended March 31, 2026. This dividend declaration is subject to the approval of members (shareholders) at the ensuing 13th Annual General Meeting (AGM). If declared, the dividend will be paid within 30 days from the date of the AGM.
  • Director Re-appointment: The Board recommended the re-appointment of Ms. Sneha Banik (DIN: 08968107) as a Whole-time Director of the company. Her appointment is liable to retire by rotation. This recommendation is based on the recommendations of the Nomination and Remuneration Committee and is subject to the approval of shareholders at the ensuing AGM. Her brief profile states she is 34 years old, a graduate, and experienced in tender preparation, bid processing, coordination, and human resources functions. The disclosure affirms she is not related to any other director and is not debarred from holding the office of director by any SEBI order or other authority. She was initially appointed as an Executive Director effective July 06, 2024.
  • Board Report and AGM Notice: The Board approved the Board's Report along with its relevant annexures, including the Management Discussion and Analysis Report for the financial year ended March 31, 2026. It also approved the Draft Notice for the 13th AGM, which will include the day, date, and time for conducting the meeting through Video Conference (VC) and Other Audio Visual Means (OAVM), in accordance with relevant circulars from the Ministry of Corporate Affairs and SEBI. The notice will also fix the record date/cut-off date for the AGM.
  • AGM Arrangements: The Board appointed Mr. Krishna Kumar Singh, a Practicing Company Secretary (Proprietor of M/s KKS & Associates), as the Scrutinizer for the e-voting process for the 13th AGM. It also appointed M/s National Securities Depository Limited (NSDL) to provide e-voting facilities and conduct the 13th AGM through VC and OAVM.