ADC India Communications Limited shareholders overwhelmingly approved a ₹25 per equity share dividend and the reappointment of Lin Xia Smyth as Non-Executive Non-Independent Director during its 38th Annual General Meeting (AGM) held on August 7, 2026. The meeting, conducted via video conferencing, saw 99.99% of votes cast in favor of all three ordinary resolutions, reflecting strong stakeholder confidence in the company’s financial distribution and governance structure.

The voting process, scrutinized by Pradeep B. Kulkarni of V Sreedharan and Associates, covered remote e-voting from August 3 to August 6, 2026, and live polling during the AGM. A total of 33,48,249 votes were polled out of 46,00,000 shares on record as of July 31, 2026, representing a 72.79% turnout. Promoter and promoter group shareholders voted in favor of all resolutions, holding 33,13,051 shares.

Resolution Details

The first resolution concerned the adoption of the audited financial statements for FY26. It received 33,48,218 votes in favor and only 31 votes against. The second resolution declared the ₹25 dividend per share of face value ₹10 for FY26, securing identical support: 33,48,218 votes in favor and 31 against.

The third resolution addressed the reappointment of Lin Xia Smyth (DIN: 11525342), who retires by rotation. She received 33,48,213 votes in favor and 36 against. Smyth, an American national and lawyer, currently serves as Associate General Counsel at Amphenol Corporation. Her expertise in international law and compliance is viewed as critical for navigating complex regulatory environments.

Governance and Compliance

The AGM proceedings adhered to Section 108 of the Companies Act, 2013, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Geetha Desikachari, Company Secretary, confirmed that statutory registers were open for e-inspection. The company noted the demise of Vijaya Latha Reddy, an Independent Director, during the meeting. Statutory auditors S R B C & CO LLP were represented by Partner Pushkar Sakhalkar.

What This Means for Shareholders

The near-unanimous approval of the dividend underscores management’s commitment to returning capital to investors despite broader market uncertainties. With promoters fully backing the resolutions, the alignment between controlling interests and public shareholders remains intact. The reappointment of Smyth ensures continuity in legal oversight, which is particularly relevant given the increasing regulatory scrutiny on corporate disclosures in India.

ADC India Communications has informed the BSE of the demise of Ms. Vijaya Latha Reddy, who served as a Non-Executive Independent Director on its Board. The company received intimation of her passing on July 27, 2026, confirming that she passed away on July 26, 2026. Her departure creates a vacancy in the Board’s composition and across four key committees where she held membership.

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. Geetha Desikachari, Company Secretary of ADC India Communications Limited (Membership No.: F12998), signed the intimation submitted to the Department of Corporate Services at BSE Limited in Mumbai.

Ms. Reddy had been an Independent Director since September 16, 2020. During her tenure, she contributed to the governance framework of the company through her active participation in various statutory committees. The Board and employees of the company have expressed their deepest condolences to her bereaved family.

Committee Memberships Ceased

Consequent to her demise, Ms. Vijaya Latha Reddy ceased to be a member of the following Board committees effective July 26, 2026:

• Nomination and Remuneration Committee
• Stakeholders Relationship Committee
• CSR Committee
• Risk Management Committee

Regulatory Details

The filing provides specific details regarding the cessation of her directorship as required by regulatory norms:

The company’s registered office and factory are located at No.10C, 2nd Phase, 1st Main, P.B.No. 5812, Peenya Industrial Area, Bangalore – 560 058.