Adtech Systems Limited declared a dividend of ₹1.10 per equity share for the financial year ended March 31, 2026. The announcement was made during the company's 35th Annual General Meeting held on September 30, 2026.

The meeting, conducted via Video Conferencing, saw the adoption of audited financial statements and the reappointment of key leadership figures. Chairman M R Narayanan presided over the session, which was attended by 27 members, including three promoter directors and statutory auditor representatives.

Resolutions passed at the AGM

Shareholders approved several critical governance and financial measures during the proceedings. The resolutions included the adoption of FY26 results and the extension of tenures for the Managing Director and Executive Director.

Leadership continuity and tenure extensions

The special resolutions focused on maintaining stability in the boardroom. M R Subramonian was reappointed as Managing Director for a three-year term effective September 1, 2026, through August 31, 2029. Similarly, M R Krishnan’s role as Executive Director was extended for the same period. M R Narayanan, who retired by rotation, was also reappointed to continue his duties as Chairman.

Shareholder grievance addressed

During the Q&A session, shareholder Ramachandra Kini raised a query regarding partly paid-up shares allotted during the company's 1996 IPO. He sought clarification on why excess application money was not applied to fully pay up 100 specific shares.

The Company Secretary explained that Kini had applied for 2,000 shares but was allotted 1,700 shares, resulting in total dues of ₹12,000. The excess application money was adjusted against the total allotment rather than individual shares. Due to non-payment of calls in arrears despite multiple notices, the Board forfeited the entire holding of 1,700 shares in January 2008 after following due procedure. The company noted that a similar grievance raised on the SEBI SCORES portal in July 2024 was closed after satisfactory clarification.

Adtech Systems Limited has approved the re-appointment of its key promoters to the board, ensuring continuity in leadership through August 2029. The Board of Directors, in a meeting held on August 14, 2026, recommended the re-appointment of M.R. Subramonian as Managing Director and M.R. Krishnan as Executive Director for a period of three years.

The new terms are effective from September 1, 2026, and will expire on August 31, 2029. Both appointments are subject to the approval of shareholders at the company's 35th Annual General Meeting. The current terms for both directors expire on August 31, 2026.

Leadership Profile and Shareholding

The re-appointments reinforce the promoter family's control over the company's strategic direction. Both directors hold significant stakes in the business, aligning their interests with those of minority shareholders.

M.R. Subramonian, aged 66, holds a Bachelor's Degree in Electronics Engineering and brings over 40 years of professional experience in managerial and marketing roles. M.R. Krishnan, aged 63, holds a Bachelor's Degree in Electrical Engineering with more than 35 years of similar experience.

Corporate Governance Disclosures

The disclosures were made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that neither director is debarred from holding office by virtue of any SEBI order or other regulatory authority.

Both directors are brothers of M.R. Narayanan, the Non-Executive Director and Chairman of the Board. This familial relationship underscores the concentrated nature of the company's promoter group, which collectively holds a substantial portion of the paid-up share capital. The Nomination and Remuneration Committee recommended these re-appointments based on the directors' full-time devotion to the company's business development and their track record of delivering profits and dividends.