Amines & Plasticizers 51st AGM: all 9 resolutions passed unanimously
- All 9 resolutions at Amines & Plasticizers' 51st AGM on September 23, 2026 were passed with requisite majority and zero votes against
- Total votes polled across resolutions ranged from 40,448,158 to 40,448,958 shares, representing approximately 73.52% of 55,020,000 outstanding shares
- Promoter and promoter group holding of 40,257,050 shares voted 100% in favour of all resolutions; no institutional public shareholders participated
- Special resolutions approved remuneration for CMD Hemant Kumar Ruia for FY27 and the period April 1, 2027 to March 31, 2029, and for ED Yashvardhan Ruia for June 1, 2026 to May 31, 2028
- BSE and NSE waived fines related to alleged Listing Regulation non-compliance, as communicated on February 26, 2026
*this image is generated using AI for illustrative purposes only.
Amines & Plasticizers Limited concluded its 51st Annual General Meeting on September 23, 2026, with all nine resolutions passed by requisite majority, as confirmed by the scrutinizer's report submitted on September 24, 2026.
Key resolutions passed
The AGM, held via video conferencing, saw shareholders adopt the audited standalone and consolidated financial statements for the financial year ended March 31, 2026, declare a dividend on equity shares, and reappoint Mr. Yashvardhan Ruia, Executive Director, who retired by rotation. Special resolutions approved remuneration for Chairman and Managing Director Hemant Kumar Ruia and Executive Director Yashvardhan Ruia. The meeting commenced at 4:00 pm and concluded at 4:37 pm, with a 15-minute e-voting window provided after conclusion.
| Resolution | Type | Description |
|---|---|---|
| 1 | Ordinary | Adoption of audited standalone financial statements for FY26 |
| 2 | Ordinary | Adoption of audited consolidated financial statements for FY26 |
| 3 | Ordinary | Declaration of dividend on equity shares for FY26 |
| 4 | Ordinary | Reappointment of Yashvardhan Ruia as Director |
| 5 | Special | Remuneration for Hemant Kumar Ruia, April 1, 2027 to March 31, 2029 |
| 6 | Special | Revision of remuneration for Hemant Kumar Ruia for FY27 |
| 7 | Special | Revision of remuneration for Yashvardhan Ruia, June 1, 2026 to May 31, 2028 |
| 8 | Ordinary | Ratification of cost auditor remuneration for FY27 |
| 9 | Ordinary | Invitation/Acceptance/Renewal of unsecured deposits from members |
Voting results summary
The total number of shareholders on the record date of September 16, 2026 was 9,577. A total of 47 shareholders participated via video conferencing, comprising 5 from the promoter and promoter group and 42 from the public. Remote e-voting was open from September 20, 2026 at 9:00 am to September 22, 2026 at 5:00 pm, facilitated by MUFG Intime India Private Limited (formerly Link Intime India Private Limited).
The following table presents the consolidated voting outcome across all nine resolutions, based on the scrutinizer's report:
| Resolution | Votes polled (shares) | % of outstanding shares | Votes in favour | Votes against |
|---|---|---|---|---|
| 1 – Standalone financials | 40,448,958 | 73.52% | 40,448,958 | 0 |
| 2 – Consolidated financials | 40,448,958 | 73.52% | 40,448,958 | 0 |
| 3 – Dividend declaration | 40,448,958 | 73.52% | 40,448,958 | 0 |
| 4 – Director reappointment | 40,448,158 | 73.52% | 40,448,158 | 0 |
| 5 – CMD remuneration (FY27–FY29) | 40,448,158 | 73.52% | 40,448,158 | 0 |
| 6 – CMD remuneration revision (FY27) | 40,448,158 | 73.52% | 40,448,158 | 0 |
| 7 – ED remuneration revision | 40,448,158 | 73.52% | 40,448,158 | 0 |
| 8 – Cost auditor ratification | 40,448,158 | 73.52% | 40,448,158 | 0 |
| 9 – Unsecured deposits | 40,448,958 | 73.52% | 40,448,958 | 0 |
There were no votes against, no invalid votes, and no abstentions recorded for any resolution. The promoter and promoter group, holding 40,257,050 shares, voted 100% in favour across all resolutions. Public non-institutional shareholders contributed the remaining valid votes, with no participation from public institutional shareholders.
Compliance and governance updates
The meeting addressed previous regulatory concerns regarding vacancies in key committees. BSE and NSE accepted the company's waiver application for fines levied due to alleged non-compliance with Listing Regulations concerning the Audit, Nomination and Remuneration, and Stakeholders Relationship Committees, with the exchanges waiving these fines vide communication dated February 26, 2026. The statutory auditors' report and secretarial audit report contained no qualifications or adverse remarks. The scrutinizer's report and voting results have been made available on the company's website and on the MUFG Intime India platform.
Historical Stock Returns for Amines & Plasticizers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.26% | -3.16% | +1.14% | +7.99% | -18.94% | +4.47% |
How will the approved remuneration revisions for the Ruia family impact Amines & Plasticizers' operating margins in FY27?
What specific capital expenditure or expansion projects are planned to utilize the funds raised through the newly ratified unsecured deposits?
Given the complete absence of institutional shareholder participation, what strategies might management employ to attract long-term institutional investors?
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