Ajmera Realty 39th AGM approves ₹1 dividend and director re-appointments
- Ajmera Realty & Infra India held its 39th AGM on September 23, 2026, with all 8 resolutions passed by requisite majority
- A final dividend of ₹1 per equity share of face value ₹2 was declared for FY26
- Manoj I. Ajmera was re-appointed as Managing Director and Sanjay C. Ajmera as Whole-time Director
- Revision in remuneration of Rajnikant S. Ajmera as Chairman & Managing Director was approved, with impact expected gradually over a three-year tenure
- Dhaval R. Ajmera was appointed as Senior Management Personnel designated as Director - Corporate Affairs
*this image is generated using AI for illustrative purposes only.
Ajmera Realty & Infra India Ltd concluded its 39th Annual General Meeting on September 23, 2026, via video conferencing, with all eight resolutions passed by requisite majority through remote e-voting and e-voting at the AGM.
The meeting was held at the company's registered office at Citi Mall, New Link Road, Andheri (W), Mumbai, which served as the deemed venue under applicable Ministry of Corporate Affairs and SEBI circulars. The AGM commenced at 4:00 pm and concluded at 4:54 pm. A total of 32,847 shareholders were on the record as of the cut-off date of September 16, 2026. Of these, 2 promoter and promoter group members and 70 public shareholders attended through video conferencing. Haresh Sanghvi, Practicing Company Secretary, was appointed as Scrutinizer to oversee the e-voting process in a fair and transparent manner. Remote e-voting was open from September 20, 2026 at 9:00 am to September 22, 2026 at 5:00 pm, with e-voting also facilitated during the AGM for members who had not voted earlier.
Key resolutions transacted
The following resolutions were put to vote, covering both ordinary and special business:
| Item | Agenda | Resolution type |
|---|---|---|
| 1 | Adoption of standalone and consolidated audited financial statements for FY26 | Ordinary |
| 2 | Declaration of final dividend of ₹1 per equity share (face value ₹2) for FY26 | Ordinary |
| 3 | Re-appointment of Manoj I. Ajmera as Director retiring by rotation | Ordinary |
| 4 | Re-appointment of Manoj I. Ajmera as Managing Director | Special |
| 5 | Re-appointment of Sanjay C. Ajmera as Whole-time Director | Special |
| 6 | Revision in remuneration of Rajnikant S. Ajmera, Chairman & Managing Director | Special |
| 7 | Appointment of Dhaval R. Ajmera as Senior Management Personnel designated as Director - Corporate Affairs | Ordinary |
| 8 | Ratification of remuneration payable to Cost Auditors for FY27 | Ordinary |
Voting results by resolution
The Consolidated Scrutinizer's Report confirmed all resolutions passed. The table below summarises total votes polled and approval rates across all eight items:
| Resolution | Total votes polled | Votes in favour | Votes against | % in favour |
|---|---|---|---|---|
| 1 – Financial statements adoption | 146,720,992 | 146,720,922 | 70 | 100.00 |
| 2 – Final dividend declaration | 146,728,207 | 146,728,137 | 70 | 100.00 |
| 3 – Manoj I. Ajmera re-appointment (rotation) | 124,869,528 | 124,869,406 | 122 | 99.9999 |
| 4 – Manoj I. Ajmera re-appointment as MD | 124,869,528 | 124,276,018 | 593,510 | 99.5247 |
| 5 – Sanjay C. Ajmera re-appointment as WTD | 117,219,262 | 116,625,752 | 593,510 | 99.4937 |
| 6 – Revision in remuneration of Rajnikant S. Ajmera | 111,422,801 | 110,802,822 | 619,979 | 99.4436 |
| 7 – Dhaval R. Ajmera appointment as Director - Corporate Affairs | 118,496,292 | 117,902,824 | 593,468 | 99.4992 |
| 8 – Cost Auditor remuneration ratification for FY27 | 146,728,207 | 146,728,085 | 122 | 99.9999 |
The total share capital eligible to vote stood at 196,795,650 shares. Promoter and promoter group participation was noted as interested in resolutions 3 through 7. No invalid votes were recorded across any resolution.
Corporate governance updates
The re-appointments of Manoj I. Ajmera and Sanjay C. Ajmera ensure continuity in the Managing Director and Whole-time Director roles respectively. The revision in remuneration of Rajnikant S. Ajmera as Chairman & Managing Director, along with those of the other executive directors, is expected to have a gradual impact over a period of three years, being the tenure of the executive directors. The appointment of Dhaval R. Ajmera as Director - Corporate Affairs marks a strategic addition to the senior management team. The Statutory Auditors' Report contained no qualifications or adverse remarks, and the Secretarial Auditor's observations were noted with explanations provided in the Board's Report. Members' queries regarding company performance were addressed by Chief Financial Officer Nitin Bavisi. The voting results and Consolidated Scrutinizer's Report have been uploaded on the company's website and the NSDL e-voting website.
Historical Stock Returns for Ajmera Realty & Infra
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.31% | +9.03% | +12.31% | +1.85% | -38.88% | 0.0% |
How will the gradual three-year impact of the revised executive remuneration affect Ajmera Realty's operating margins and profitability targets?
What specific strategic initiatives or expansion projects are expected to be driven by Dhaval R. Ajmera in his new role as Director - Corporate Affairs?
Given the low public shareholder turnout, how might the company enhance investor engagement and liquidity in future reporting periods?
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