Apex Frozen Foods announced the voting results of its 14th Annual General Meeting (AGM) held on September 17, 2026, confirming that all three ordinary resolutions were passed with the requisite majority.

The meeting, conducted via Video Conferencing and Other Audio-Visual Means (OAVM), saw a total shareholder participation rate of 73.22% on outstanding shares. The scrutinizer’s report, issued by A.S. Ramkumar & Associates, validated the e-voting process for both remote and venue-based voting.

Voting Results Overview

Shareholders approved the adoption of audited financial statements for FY26, the declaration of a final dividend of ₹2.50 per share, and the reappointment of K Satyanarayana Murthy as Executive Chairman.

The promoter group held 22,694,057 shares (72.62% of total equity), while public non-institutional investors held 8,555,943 shares. No public institutional shareholders voted.

Promoter and Public Participation

Promoter group shareholders cast 100% of their votes in favour of the financial statements and dividend resolution. For the director reappointment, promoters polled 60.70% of their held shares, with all votes cast in favour.

Public non-institutional shareholders participated at a lower rate, polling approximately 2.17% of their held shares across all resolutions. Despite low absolute numbers, the support was overwhelming:

• Financial Statements: 99.73% of public votes were in favour.
• Dividend: 99.99% of public votes were in favour.
• Director Reappointment: 99.73% of public votes were in favour.

Governance and Audit

The statutory auditors issued an unqualified audit report for FY26. K Subrahmanya Chowdary, Managing Director, addressed shareholder queries regarding operations. The e-voting results were scrutinized by Arun Marepally of A.S. Ramkumar & Associates, who confirmed compliance with Section 108 of the Companies Act, 2013 and SEBI LODR Regulations.

Directors in Attendance

The following board members attended the meeting:

Apex Frozen Foods Limited has fixed September 10, 2026 as the record date for determining shareholder eligibility for its final dividend of ₹2.50 per equity share for FY26. The Register of Members and Share Transfer Books will remain closed from September 11 to September 17, 2026. The payout is subject to approval by shareholders at the upcoming Annual General Meeting (AGM). This intimation was issued pursuant to Regulation 42 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Dividend details and payment timeline

The company confirmed that if the dividend is approved at the AGM scheduled for September 17, 2026, it will be paid on or before October 16, 2026. Applicable tax deductions at source will apply to the payment. The Board of Directors recommended the dividend on May 30, 2026.

Financial performance highlights

Apex Frozen Foods delivered robust financial results for the fiscal year ended March 31, 2026. Net revenue from operations grew by 14% year-on-year to ₹9,311 million (₹93,113.75 lakh), up from ₹8,136 million in the previous year. This growth was supported by firm global shrimp prices, stable farm-gate costs, and a favorable product mix with increased contribution from value-added offerings.

Profitability saw a significant expansion. EBITDA more than doubled to ₹729 million (₹7,286.98 lakh) from ₹297 million in FY25, resulting in an EBITDA margin expansion to 7.7% from 3.6%. Profit After Tax (PAT) surged by 902% to ₹388 million (₹3,884.76 lakh), compared to ₹39 million in the prior year. Earnings Per Share (EPS) stood at ₹12.43, a substantial increase from ₹1.24 in FY25.

What the Numbers Show

The dramatic improvement in PAT was largely operational, supported by a reduction in finance costs due to deleveraging. Total borrowings reduced significantly to approximately ₹57 million as of March 31, 2026, leading to a Debt-to-Equity ratio of just 0.01x, down from 0.15x in FY25. Additionally, non-U.S. markets emerged as the largest revenue contributor for the first time, with Europe accounting for 47% of sales, mitigating tariff-related uncertainties in the U.S. market.

AGM agenda and key resolutions

The meeting will take up three items of ordinary business. Members will be asked to adopt the audited financial statements for FY26, together with the reports of the Board of Directors and auditors. The Board has recommended a final dividend of ₹2.50 (25%) per equity share of face value ₹10 each for FY26, subject to shareholder approval at the AGM. The meeting will also consider the re-appointment of Karuturi Satyanarayana Murthy (DIN: 05107525), who retires by rotation and is eligible for re-appointment as a Director.

Key dates and record date

The following table summarises the critical dates associated with the AGM and dividend process:

Director seeking re-appointment

The following details pertain to the director proposed for re-appointment at the forthcoming AGM:

Unclaimed dividends and IEPF transfer schedule

Shareholders are reminded that unclaimed dividends are due for transfer to the Investor Education and Protection Fund (IEPF) as per the schedule below. Once transferred, no claim shall lie against the company for amounts unclaimed for a period of 7 years from the date they first became due for payment.

The unclaimed dividend for FY2018-19 is due for transfer to IEPF on or before November 24, 2026. Members who have not encashed their dividend warrants are requested to verify their records and submit claims before the respective due dates.

E-voting and participation details

Apex Frozen Foods has engaged Bigshare Services Private Limited to facilitate remote e-voting. Shareholders holding shares in demat form may vote through their CDSL or NSDL demat accounts. The company has appointed Smt. Durga Bhavani Agarwal and/or Mr. Arun Marepally, partners of M/s. A.S. Ramkumar & Associates, Company Secretaries, as scrutinizers to conduct the electronic voting process. The AGM notice and Annual Report 2025-26 are being dispatched electronically to members whose email addresses are registered with the company or depository participants. Members may access the notice and annual report on the company's website as well as on the websites of BSE Limited and National Stock Exchange of India Limited.