Key Decisions and Quantitative Figures
1. 64th Annual General Meeting
The Board approved the convening of the 64th Annual General Meeting (AGM) of the Company. The AGM is scheduled to be held on Thursday, September 24, 2026 at 11:00 A.M., through Video Conferencing (VC)/Other Audio-Visual Means (OAVM).
2. Closure of Register of Members and Share Transfer Books
The Register of Members and Share Transfer Books of the Company will remain closed from Friday, September 18, 2026 to Thursday, September 24, 2026 (both days inclusive). This closure is for the purpose of the 64th AGM and for determining the entitlement of members to the final dividend for the financial year ended March 31, 2026. The record date for the dividend will be intimated separately.
3. Revision in Recommended Dividend
The Board revised its earlier dividend recommendation for the financial year ended March 31, 2026.
- Previous Recommendation (May 12, 2026): A dividend of ₹0.40 per equity share, representing 4% of the paid-up equity share capital.
- Revised Recommendation (August 24, 2026): A dividend of ₹0.20 per equity share, representing 2% of the paid-up equity share capital.
The revision is subject to the approval of the members at the ensuing AGM. The final dividend will be paid to members whose names appear in the Register of Members or in the records of the Depositories as on the record date.
Stated Rationale for Dividend Revision
The Board revised the dividend after taking into consideration the funds utilised towards the recent buy-back of equity shares and the resultant financial position and cash flows of the Company.
Meeting Details
The Board meeting commenced at 12:15 P.M. and concluded at 4:15 P.M. on August 24, 2026.