A meeting of the Board of Directors of Vikram Thermo (India) Limited was held on May 26, 2026, at the company's registered office in Ahmedabad. The meeting commenced at 4:30 PM and concluded at 5:50 PM.
Key Agenda Items and Decisions:
1. Financial Results Approval
The Board approved the audited financial results along with the audit report issued by the statutory auditor for the quarter and year ended March 31, 2026.
2. Dividend Recommendation
The Board recommended a final dividend of 12.5% on equity shares of ₹10 each, amounting to ₹1.25 per share.
3. Auditor Appointments
- Appointed M/s. Samir M. Shah & Associates (Firm Registration Number: 122377W) as internal auditor for the financial year 2026-27. The appointment date was May 26, 2026, with a term covering the internal audit report for FY 2026-27.
- Appointed M/s. Nisha Patel & Associates (Registration Number: 102667) as cost auditor for the financial year 2026-27. The appointment date was May 26, 2026, with a term covering the cost audit report for FY 2026-27.
4. Remuneration Approvals
- Approved increased remuneration for Mr. Vikalp Dhirajlal Patel (Head F&D, Related Party) along with perquisites as mutually agreed between the company and Mr. Patel, subject to shareholder approval at the ensuing Annual General Meeting.
- Approved a 10% increase in remuneration for Mr. Dhirajlal Patel, Managing Director of the company, as per Schedule V of the Companies Act, 2013.
- Approved a 10% increase in remuneration for Mr. Ankur Patel, Whole Time Director of the company, as per Schedule V of the Companies Act, 2013.
- Approved a 10% increase in remuneration for Mr. Dinesh Patel, Whole Time Director of the company, as per Schedule V of the Companies Act, 2013.