Aditya Infotech shareholders approved a final dividend of ₹1.64 per equity share and adopted the audited financial statements for FY25 at its 31st Annual General Meeting (AGM) held on August 4, 2026. While the resolutions for dividends and financial adoption passed with near-unanimous support, the appointment of Mr. Atul B. Lall as a Non-Executive and Non-Independent Director faced significant opposition from public institutional investors, who voted against the resolution at a rate of 27.24%. The meeting also saw the reappointment of Mr. Ananmay Khemka, who retires by rotation, with 97.86% overall support.

The AGM was conducted via video conferencing in compliance with the Companies Act, 2013, and SEBI regulations. A quorum of 74 members was present, comprising 11 promoters and 63 public shareholders. The total number of shareholders on the cut-off date of July 28, 2026, stood at 62,847. Voting was conducted through remote e-voting via National Securities Depository Limited (NSDL), with results scrutinized by Anuj Gupta & Associates.

Voting Results by Resolution

The Board placed four ordinary resolutions before the members. The voting patterns reveal distinct differences in shareholder sentiment regarding governance changes versus financial approvals.

Governance and Shareholder Sentiment

Promoter and Promoter Group shareholders, holding 88,044,563 shares, voted unanimously in favor of all four resolutions. However, Public Institutional shareholders, holding 22,803,226 shares, displayed selective dissent. While they supported the financial statements and dividend declaration with 100% approval, they voted against the reappointment of Ananmay Khemka (13.84% against) and strongly opposed the appointment of Atul B. Lall (27.24% against).

Public Non-Institutional shareholders largely aligned with the promoters, supporting all resolutions with over 99% approval rates across the board. The dissent from institutional investors highlights specific concerns regarding board composition changes, despite broad agreement on the company’s financial performance and dividend policy.

Audit and Compliance

Walker Chandiok & Co LLP served as the Statutory Auditors for FY25. The Company Secretary, Ms. Roshni Tandon, confirmed that there were no qualifications or adverse remarks in the Statutory Auditor’s Report or the Secretarial Audit Report conducted by Anuj Gupta & Associates. The Scrutinizer’s Report, dated August 5, 2026, verified the integrity of the e-voting process, noting that votes were unblocked in the presence of independent witnesses on August 4, 2026.

Management Address

Mr. Hari Shanker Khemka, Chairman and Whole-time Director, chaired the proceedings. Mr. Aditya Khemka, Managing Director, addressed shareholders on the company’s growth strategy and operational excellence following its successful IPO. He emphasized sustainable value creation amidst evolving market dynamics. Queries were addressed by management, including Mr. Anup Nair, Director - Strategy & Operations.

Aditya Infotech Ltd has scheduled its 31st Annual General Meeting (AGM) for Tuesday, August 4, 2026, at 2:00 P.M. IST, to be held through Video Conferencing (VC) and Other Audio-Visual Means (OAVM). The Board of Directors recommended a final dividend of ₹1.64 per fully paid-up equity share of face value Re. 1 each, representing a payout of 164%, at its meeting held on May 27, 2026. The company has fixed Monday, July 20, 2026, as the record date for determining members entitled to receive the dividend. The dividend is subject to shareholder approval at the AGM, following which it will be paid within 30 days to eligible shareholders.

Key AGM and Dividend Details

The following table summarises the key dates and parameters related to the AGM and dividend:

The AGM will transact ordinary businesses including adoption of audited standalone and consolidated financial statements for the year ended March 31, 2026, declaration of the final dividend, and re-appointment of Mr. Ananmay Khemka (DIN: 10782656) as Director, who retires by rotation. As special business, shareholders will consider the appointment of Mr. Atul B. Lall (DIN: 00781436) as a Non-Executive, Non-Independent Director, liable to retire by rotation.

FY 2025-26 Financial Performance

Aditya Infotech delivered strong financial results for FY 2025-26. The following table presents the consolidated financial performance:

On a standalone basis, the company reported revenue from operations of ₹41,788.48 million for FY 2025-26, compared to ₹30,658.17 million in the previous year. Standalone profit for the year stood at ₹3,406.30 million versus ₹1,352.95 million in the prior year. The CP PLUS brand contributed 86% of overall revenue, with IP products comprising 73% of the CP PLUS portfolio.

Key Financial Ratios

The table below highlights key financial ratios on a standalone basis:

Tax Deduction at Source Provisions

The company has detailed the applicable Tax Deduction at Source (TDS) provisions under the Income-tax Act, 2025. For resident shareholders with a valid Permanent Account Number (PAN), tax will be deducted at 10%. If PAN is not available, invalid, or inoperative due to non-linkage with Aadhaar, the TDS rate increases to 20%. Resident individuals may be exempt from TDS if the total dividend does not exceed ₹10,000 or if Form 121 is submitted. Non-resident shareholders are subject to a withholding tax rate of 20%, plus applicable surcharge and cess, unless they provide a certificate for lower or nil withholding or opt for benefits under the Double Tax Avoidance Agreement (DTAA).

Documentation Requirements and Deadlines

Shareholders must submit specific documents to avail of lower TDS rates or exemptions. The company has set a cut-off date of Friday, July 24, 2026, for the receipt of these documents.

Aditya Infotech clarified that it is not obligated to apply beneficial DTAA rates if the documentation is incomplete or unsatisfactory. Additionally, shareholders holding shares under multiple accounts with different statuses but a single PAN will be subject to the higher applicable tax rate on their entire holding.

Key Business Highlights for FY26

During FY 2025-26, the company successfully raised ₹1,300 crores through its Initial Public Offer (IPO), comprising a fresh issue of 74,16,079 equity shares aggregating to ₹500 crores and an offer for sale of 1,18,51,849 equity shares aggregating to ₹800 crores. The equity shares were listed on BSE Limited and the National Stock Exchange of India Limited on August 5, 2025. The company's market share in the Indian video surveillance industry grew from 20.2% in FY25 to 43.3% in FY26, as per the Frost & Sullivan FY2026 report. During the year, the company produced 24 million units at its manufacturing facility in Kadapa, Andhra Pradesh, and commenced construction of an enclosure and housing manufacturing plant at the same location. The company also established a new R&D centre in Ahmedabad and incorporated a wholly owned subsidiary, Aditya Infotech Taiwan Company Limited, to strengthen its global research footprint.