Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Vardhman Acrylics Limited
Meeting Details
The 36th AGM will be held on Thursday, September 17, 2026, at 12:30 PM through Video Conferencing (VC)/Other Audio Visual Means (OAVM). The cut-off date for determining eligibility to vote is September 10, 2026. The deemed venue is the Registered Office at Vardhman Premises, Chandigarh Road, Ludhiana-141010.
Proposed Resolutions
Ordinary Business:
1. Adoption of audited financial statements for FY ended March 31, 2026
2. Declaration of dividend of ₹1.50 per equity share
3. Re-appointment of Mr. Sachit Jain (DIN: 00746409) as director liable to retire by rotation
4. Re-appointment of Mr. Bal Krishan Choudhary (DIN: 00307110) as director liable to retire by rotation
Special Business:
5. Approval of remuneration payable to Mr. Bal Krishan Choudhary (Non-Executive Director) exceeding 50% of total non-executive directors' remuneration (Special Resolution)
6. Approval for continuation of directorship of Mr. Bal Krishan Choudhary as Non-Executive Director (Special Resolution)
7. Ratification of remuneration of ₹50,000 plus taxes payable to Cost Auditor Mr. R.A. Mehta for FY 2026-27 (Ordinary Resolution)
Voting Process
- Remote e-voting facility provided through CDSL
- Voting period: September 14, 2026 (9:00 AM) to September 16, 2026 (5:00 PM)
- Members can also vote during the AGM through electronic voting system
- Members who vote remotely cannot vote again during the meeting
- Detailed instructions provided for shareholders holding shares in both physical and dematerialized form
Shareholder Participation
- Facility available for at least 1000 members on first-come-first-served basis
- Large shareholders (2%+ holding), promoters, institutions, directors, KMPs, committee chairpersons, and auditors are excluded from this limit
- Members must register in advance to speak during the meeting
- Physical attendance dispensed with; no proxy facility available
Scrutinizer Appointment
M/s. Khanna Ashwani & Associates, Company Secretaries, appointed as scrutinizer to oversee the voting process. They will submit their report to the Chairman after unblocking votes in presence of two witnesses.
Results Declaration
The results of the resolutions will be declared within 2 working days of the AGM conclusion and placed on the company's website (www.vardhman.com) and CDSL website.
Dividend Information
- Record date for dividend: August 28, 2026
- Register of Members and Share Transfer Books closed from August 29 to September 5, 2026
- Dividend will be paid to beneficial owners as of August 28, 2026
- TDS will be applicable as per Income Tax Act, 2025
- Physical shareholders must update KYC details for electronic dividend payment
Compliance Statements
The company confirms compliance with:
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Companies Act, 2013
- MCA Circulars permitting virtual meetings
- All relevant statutes and regulations
Document Availability
- Annual Report and AGM notice available on company website (www.vardhman.com)
- Documents available for electronic inspection by members without fee
- Communications sent electronically to members with registered email addresses
Financial Highlights (FY 2025-26)
- Revenue from operations: ₹3,185.7 million (prev. ₹2,815.7 million)
- Profit before tax: ₹288.6 million (prev. ₹160.5 million)
- Profit after tax: ₹272.5 million (prev. ₹118.2 million)
- EPS: ₹3.39 (prev. ₹1.47)
- Dividend recommended: ₹1.50 per share