ABC India Limited shareholders unanimously approved all five resolutions at the company's 53rd Annual General Meeting (AGM) held on September 28, 2026. The scrutinizer's report confirms that all ordinary and special businesses, including the adoption of FY26 financials and dividend declaration, received 100% of valid votes cast in favour.

The meeting, conducted via Video Conferencing / Other Audio Visual Means (VC/OAVM), commenced at 3:00 pm and concluded at 3:22 pm. A total of 59 members, including promoters and directors, attended the session. The requisite quorum was present, allowing the meeting to proceed smoothly without any queries raised by shareholders regarding the business transacted.

Voting results detailed

Shareholders voted on both ordinary and special businesses through remote e-voting facilities provided by Central Depository Services Limited (CDSL). The voting period for remote e-voting ran from September 25 to September 27, 2026. The consolidated results, verified by Scrutinizer Santosh Kumar Tibrewalla, indicate overwhelming support across all items.

Board and auditor updates

Ashish Agarwal, Managing Director, served as the Chairman of the meeting. The Board’s report and Auditors’ report were sent via email to all eligible members prior to the meeting. Statutory auditors M/s. BDS & Co., represented by Shweta Sarawgee, confirmed that there were no observations in their report on the financial statements for the year ended March 31, 2026.

Secretarial Auditor Santosh Kumar Tibrewalla also attended as the scrutinizer for the e-voting process. His report contained remarks which were suitably addressed in the Directors’ report. The consolidated voting results were scheduled to be published on the company website and forwarded to stock exchanges within the prescribed time.

What the numbers show

The voting data reveals a distinct pattern in shareholder participation. While 122 members voted in favour of each resolution, casting 32,62,168 votes, 25 members voted against, casting only 30 votes in total. This disparity indicates that the dissenting votes represented a negligible fraction of the total voting power, resulting in a technical 100% approval rate for all agenda items.

The high concentration of voting power among the promoters and directors likely contributed to this outcome. Promoters and promoter group members held 35,04,401 shares and polled 32,44,401 votes, accounting for 92.58% of the total votes polled. Public non-institutional investors, holding 19,12,731 shares, polled only 17,797 votes (0.93% of the total). Among this public segment, 17,767 votes were cast in favour while 30 votes were against, resulting in a 99.83% approval rate for the minority holders. The promoters voted 100% in favour across all resolutions.

ABC India Limited has scheduled its 53rd Annual General Meeting (AGM) for Monday, September 28, 2026. The Board has recommended a final dividend of ₹0.50 per equity share of face value ₹10 each for the financial year ended March 31, 2026.

The meeting will be conducted via Video Conferencing (VC) or Other Audio Visual Means (OAVM). Monday, September 21, 2026, is fixed as the cut-off date for determining eligibility for e-voting and dividend entitlement.

Key Agenda Items

Shareholders will transact the following business at the AGM:

Ordinary Business

• Receive, consider, and adopt the Audited Financial Statements for FY26, including the Balance Sheet, Profit & Loss Account, and Cash Flow Statement, along with Directors' and Auditors' reports.
• Declare dividend on equity shares.
• Re-appoint Mr. Siddarth Kapoor (DIN: 02089141), who retires by rotation and is eligible for re-appointment.

Special Business

• Re-appointment of Mr. Ashish Agarwal (DIN: 00351824) as Managing Director for a further period of three years, effective August 1, 2026.
• Approval of remuneration for Cost Auditors, M/s. Debobrata Banerjee & Associates, for FY27.

Management Changes

Mr. Ashish Agarwal’s current term as Managing Director expired on July 31, 2026. The Board proposes his re-appointment for three years starting August 1, 2026.

Mr. Agarwal will receive a monthly salary of ₹9,00,000, subject to revision by the Nomination & Remuneration Committee. His proposed perquisites include house rent allowance, medical reimbursement up to ₹25,000 annually, club fees up to ₹50,000 annually, and a car with a driver. He holds 175,064 equity shares in the company.

Mr. Siddarth Kapoor, brother-in-law of Mr. Agarwal, seeks re-appointment as a director. He holds no shares in the company.

Financial Performance Context

The explanatory statement notes that industrial growth did not improve at the desired level during FY26 due to factors such as non-implementation of planned infrastructural activities and increased costs. The company reported a turnover of ₹16,404.02 crore and a net profit of ₹230.82 crore for FY26, compared to ₹18,495.30 crore turnover and ₹246.93 crore net profit in FY25.

To improve profitability, the company is adopting cost reduction measures and focusing on increasing revenue from transportation, contract jobs, and construction services.

Book Closure and Dividend Details

The Register of Members and Share Transfer Books will remain closed from Tuesday, September 22, 2026, to Monday, September 28, 2026 (both days inclusive), for the purpose of the AGM and dividend payment.

Dividend will be paid electronically via National Automated Clearing House (NACH) within 30 days of declaration. No physical dividend warrants will be issued. Tax will be deducted at source at prescribed rates. Residents with dividend exceeding ₹5,000 in a fiscal year are subject to TDS at 10% if PAN is updated, otherwise 20%.

E-Voting and Participation

Remote e-voting will be available from Friday, September 25, 2026, at 10:00 am to Sunday, September 27, 2026, at 5:00 pm. Shareholders can vote via CDSL or NSDL platforms. Those who have already voted remotely cannot vote during the meeting. The facility allows up to 1,000 shareholders to attend via VC/OAVM on a first-come, first-served basis, excluding large shareholders, promoters, and institutional investors.

The Company has appointed Mr. Santosh Kumar Tibrewalla, Practising Company Secretary, as Scrutinizer to scrutinize both the electronic voting process and voting process at the venue of AGM in a fair and transparent manner.

Members holding shares in physical form who have not registered their bank account details are requested to provide a request letter with bank account number, name of bank, branch, self-attested copies of PAN, proof of address, cancelled cheque, and share certificates to the Company or its Registrar and Share Transfer Agent (RTA), M/s. MCS Share Transfer Agent Limited. No physical dividend warrant is allowed to be issued after April 1, 2024, as per SEBI circulars dated May 7, 2024, and June 10, 2024.