Apcotex Industries fixes record date for ₹5.50 dividend
Apcotex Industries has announced June 12, 2026, as the record date for a ₹5.50 per share final dividend for FY26, pending shareholder approval at the 40th AGM on June 25, 2026. The AGM, held via video conferencing, will also address the re-appointment of Executive Director Mr. Ravishankar Sharma and the continuation of Chairman Mr. Atul Choksey beyond the age of 75. Shareholders will vote on commission payments for Non-Executive Directors and ratify the remuneration for Cost Auditors M/s V J Talati & Co.
*this image is generated using AI for illustrative purposes only.
Apcotex Industries Limited has fixed Friday, June 12, 2026, as the record date to determine shareholder entitlement for a final dividend of ₹5.50 per equity share for the financial year ended March 31, 2026. The dividend is subject to approval by shareholders at the ensuing Annual General Meeting. The payout will be made within 30 days to members whose names appear in the Register of Members or the Register of Beneficial Owners maintained by depositories as on the record date.
The company will convene its 40th Annual General Meeting on Thursday, June 25, 2026, at 11:00 a.m. through Video Conferencing and Other Audio-Visual Means. The meeting will be held to seek shareholder approval for the final dividend and other business transacted in compliance with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Members attending through VC/OAVM will be counted for quorum purposes under Section 103 of the Companies Act, 2013.
Key Resolutions
The AGM agenda includes the re-appointment of Mr. Ravishankar Sharma as an Executive Director for a further period of 2 years with effect from May 1, 2026, to April 30, 2028. Shareholders will also vote on the continuation of Mr. Atul Choksey as a Non-Executive Non-Independent Director (Chairman) post attaining the age of 75 years in October 2026. Additionally, the meeting seeks approval for the payment of commission of ₹135 Lakhs to Mr. Atul Choksey out of a total commission of ₹195 Lakhs for Non-Executive Directors.
Cost Auditor Ratification
Shareholders are asked to ratify the remuneration payable to M/s V J Talati & Co., Cost Accountants, for the audit of cost records for the financial year 2026-27. The remuneration is fixed at ₹65,000 plus applicable taxes and reimbursement of expenses.
Key AGM and Dividend Details
| Event | Date | Details |
|---|---|---|
| Record Date | June 12, 2026 | For determining dividend entitlement |
| E-Voting Period | June 22-24, 2026 | Remote e-voting via NSDL |
| AGM Date | June 25, 2026 | 40th Annual General Meeting via VC/OAVM |
| Dividend Payout | Within 30 days of AGM | ₹5.50 per share (FY26) |
In adherence to regulatory directives, Apcotex Industries will dispense with sending physical copies of the AGM notice and annual report. Electronic copies will be sent to members with registered email addresses. Physical copies will be dispatched only upon specific request to the company or its registrar, MUFG Intime India Private Limited (Formerly known as Link Intime India Private Limited).
Historical Stock Returns for Apcotex Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.58% | -4.78% | +20.02% | +17.23% | +33.44% | +38.81% |
How will the re-appointment of the Executive Director and the 75-year-old Chairman influence the company's long-term succession planning strategy?
What impact will the ₹5.50 per share dividend payout have on Apcotex Industries' free cash flow and capital allocation plans for FY2027?
Is the company anticipating any shareholder resistance regarding the commission payout to Non-Executive Directors given the specific approval sought for Mr. Choksey?
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