Meeting Details

The 54th AGM will be held on Wednesday, 30th September 2026 at 03:30 P.M. (IST) through Video Conferencing/Other Audio Visual Means without physical presence of members. The deemed venue is the Corporate Office at B 603-A, Kaledonia, Sahar Road, Off. Western Express Highway, Andheri (East), Mumbai – 400069.

Ordinary Business

1. Adoption of Financial Statements: To receive, consider and adopt:

  • Standalone Audited Financial Statements for FY 2025-26 with reports of Board of Directors and Auditors
  • Consolidated Audited Financial Statements for FY 2025-26 with Auditors' Report

2. Dividend Declaration: To declare dividend @ 8% (₹0.80 per equity share) on 1,90,54,566 Equity Shares of ₹10/- each for FY ended 31st March, 2026. Dividend to be paid to shareholders whose names appear on Register of Members/List of Beneficiaries as on Wednesday, 23rd September 2026.

3. Director Re-appointment: To re-appoint Mr. Mihir Vipul Shah (DIN: 05126125) who retires by rotation and offers himself for re-appointment.

Special Business

4. Remuneration Revision for Mrs. Mita V. Shah: Ordinary Resolution to approve revision in remuneration payable to Mrs. Mita V. Shah, President – Strategic Management (Related Party), with effect from 1st April 2026. Maximum remuneration not exceeding ₹3,00,000/- per month plus perquisites. Represents approximately 0.20% of Annual Consolidated Turnover as on March 31, 2026.

5. Remuneration Revision for Mr. Vipul P. Shah: Special Resolution to approve revision in remuneration for Mr. Vipul P. Shah, Managing Director, with effect from 1st April 2026 for remaining tenure. Salary: ₹13,50,000/- per month with annual increment up to 20%. Includes various perquisites and benefits.

6. Remuneration Revision for Mr. Mihir V. Shah: Special Resolution to approve revision in remuneration for Mr. Mihir V. Shah, Whole Time Director and CFO, with effect from 1st April 2026. Salary: ₹13,20,000/- per month with annual increment up to 20%. Includes various perquisites and benefits.

7. Alteration of Memorandum of Association: Special Resolution to expand Main Objects clause to include membrane technology, water treatment plants, environmental engineering systems, and specialized separation systems businesses.

8. ESOP Scheme Amendment: Special Resolution to amend Clause 8.1(a) of "Vipul Organics Limited – Employee Stock Option Scheme, 2022" to extend exercise period from 3 months to 2 years from vesting date. Applicable to all outstanding vested Options and future grants.

9. Re-appointment of Managing Director: Special Resolution to re-appoint Mr. Vipul P. Shah as Managing Director for further 5 years from 15th June 2027 to 14th June 2032.

Financial Information

  • Total Income for FY 2025-26: ₹17,635.11 lakh
  • Total Expenses for FY 2025-26: ₹16,680.18 lakh
  • Profit before tax: ₹954.92 lakh
  • Income tax expense: ₹262.96 lakh
  • Profit after tax: ₹691.96 lakh

Shareholding Information

  • Mr. Vipul P. Shah holds 47,02,400 equity shares
  • Mr. Mihir V. Shah holds 31,54,750 equity shares
  • Total equity shares: 1,90,54,566

Record Dates

  • Register of Members and Share Transfer Books closed from 24th September 2026 to 30th September 2026 (both inclusive)
  • Cut-off date for dividend eligibility: 23rd September 2026

Voting Information

  • Remote e-voting period: 27th September 2026 (9:00 AM) to 29th September 2026 (5:00 PM)
  • Scrutinizer: CS Poonam Somani, Proprietor M/s. Somani and Associates
  • Results to be placed on company website and CDSL website

Tax Implications

  • TDS on dividend: 10% for residents with valid PAN, 20% for invalid/no PAN
  • No TDS if dividend received during FY 2025-26 does not exceed ₹10,000/- for resident individuals
  • Non-resident shareholders: 20% withholding tax plus applicable surcharge and cess, unless DTAA benefits apply

Additional Information

  • Notice and Annual Report available on company website: https://www.vipulorganics.com/notices.htm
  • Company registered office: 102, Andheri Industrial Estate, Off Veera Desai Road, Andheri (West), Mumbai - 400053
  • Listing fees for FY 2026-27 paid to BSE Ltd.