Annual General Meeting Details

  • Date: Wednesday, July 29, 2026
  • Time: 2:30 pm
  • Venue: Rama Watumull Auditorium, Kishinchand Chellaram College, Dinshaw Wacha Road, Churchgate, Mumbai 400020
  • Book Closure: July 23, 2026 to July 29, 2026 (both days inclusive)

Agenda Items

Ordinary Business

1. Adoption of audited financial statements for FY ended March 31, 2026 with Directors' and Auditors' Reports

2. Declaration of Dividend of Rs.140 per equity share of Rs.10 each for FY ended March 31, 2026

3. Re-appointment of Mr. Tej Paul Sharma (DIN:09195422) who retires by rotation

Special Business

4. Re-appointment and remuneration of Mr. Tej Paul Sharma as Wholetime Director for 3 years from October 1, 2026 to September 30, 2029

  • Monthly salary: Rs.5 lakhs (increased from Rs.3.50 lakhs)
  • Commission: up to 1.1% of net profits
  • Total remuneration capped at 2% of net profits or Rs.120 lakhs plus 0.01% of effective capital in excess of Rs.250 crores in case of inadequate profits
  • FY26 remuneration: Rs.301.66 lakhs

5. Re-appointment and remuneration of Mr. Neil Vasudeva (DIN:09208715) as Wholetime Director for 3 years from October 1, 2026 to September 30, 2029

  • Monthly salary: Rs.4.75 lakhs (increased from Rs.3.25 lakhs)
  • Commission: up to 1.0% of net profits
  • Same remuneration cap structure as Mr. Sharma
  • FY26 remuneration: Rs.262.56 lakhs
  • Mr. Vasudeva is a promoter holding 8,37,140 shares

6. Re-appointment of Mr. Murli Aildas Teckchandani (DIN:00049563) as Independent Director for second term of 5 years from August 1, 2026 to July 31, 2031

  • FY26 sitting fees: Rs.8.25 lakhs
  • FY26 commission: Rs.33.07 lakhs
  • Holds 934 shares

7. Appointment of Ms. Vini Mahajan (DIN:06943948) as Independent Director for 5 years from August 1, 2026 to July 31, 2031

  • Retired IAS officer with 37 years experience
  • Currently serves on multiple IL&FS company boards

8. Approval for accepting fixed deposits from members and public within limits prescribed under Companies Act, 2013

Financial Performance Highlights (FY 2025-2026)

  • Revenue from operations: Rs.1,252.93 crores (12.3% growth)
  • Profit Before Tax: Rs.176.62 crores (14.0% growth)
  • Profit After Tax: Rs.131.19 crores (14.4% growth)
  • Net Worth: Rs.414.25 crores (15.6% growth)
  • Earnings Per Share: Rs.248 (previous year: Rs.217)
  • Export value: Rs.65.61 crores (down 10.5% due to US tariffs and Middle East conflict)
  • R&D expenditure: Rs.10.52 crores (0.2% higher than previous year)

Dividend Information

  • Recommended dividend: Rs.140 per equity share (previous year: Rs.130)
  • Dividend payable to members on register as of July 29, 2026 (physical shares) and beneficial owners as of July 22, 2026 (demat shares)
  • Dividend payment only through electronic mode as mandated by SEBI

Corporate Governance

  • Board consists of 10 directors: 4 executive, 5 independent, 1 non-executive
  • Four board meetings held during FY26
  • All directors attended last AGM
  • Company has established vigil mechanism/whistle blower policy
  • No cases of sexual harassment filed during the year

Shareholding Pattern (as of March 31, 2026)

  • Total shares: 52,87,815
  • Dematerialized shares: 98.9% (52,32,033 shares)
  • Physical shares: 1.1% (55,782 shares)
  • Promoter holding: 56.03%
  • Public holding: 43.97%

Credit Ratings

  • Fixed Deposits Programme: AA- Stable (ICRA)
  • Bank Facilities: AA- Stable (ICRA)

CSR Activities

  • CSR obligation for FY26: Rs.286.22 lakhs
  • Actual CSR spend: Rs.339.00 lakhs (including Rs.5.03 lakhs brought forward)
  • Focus areas: Skill training, conservation of cooking gas, safety from kitchen fumes

E-voting Information

  • Remote e-voting period: July 26, 2026 (9:00 am) to July 28, 2026 (5:00 pm)
  • E-voting service provider: NSDL
  • Scrutinizer: Mr. Mitesh Dhabliwala from Parikh & Associates

Key Management Personnel Remuneration (FY26)

  • Subhadip Dutta Choudhury (Chairman & CEO): Rs.814.94 lakhs
  • Sudeep Yadav (Vice Chairman & CFO): Rs.605.30 lakhs
  • Tej Paul Sharma (ED-Sales): Rs.301.66 lakhs
  • Neil Vasudeva (ED-Marketing): Rs.262.56 lakhs

Plant Locations

  • Thane, Maharashtra
  • Hoshiarpur, Punjab
  • Sathariya, Jaunpur District, Uttar Pradesh