Asian Star shareholders approve ₹1.50 dividend at 32nd AGM
- Dividend of ₹1.50 per share approved for FY26
- Audited standalone and consolidated financial statements adopted
- Priyanshu A. Shah and Dharmesh D. Shah reappointed as directors
- Meeting held virtually on September 28, 2026, under SEBI guidelines
*this image is generated using AI for illustrative purposes only.
Asian Star Company Ltd shareholders approved a dividend of ₹1.50 per equity share during the company's 32nd Annual General Meeting (AGM) held on September 28, 2026. The meeting also ratified the audited financial statements for FY26 and confirmed the reappointment of two directors.
The virtual meeting, conducted via video conferencing in compliance with Ministry of Corporate Affairs and SEBI regulations, was chaired by Arvind T. Shah, Chairman, CFO, and Whole-time Director. The proceedings concluded at 2:15 pm after all resolutions were passed through remote e-voting facilitated by National Securities Depository Limited (NSDL).
Key resolutions passed
The following ordinary resolutions were adopted by the members:
- Adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026, along with the Board of Directors' reports.
- Declaration and payment of a dividend of ₹1.50 per equity share with a face value of ₹10 each.
- Reappointment of Priyanshu A. Shah as a director retiring by rotation.
- Reappointment of Dharmesh D. Shah as a director retiring by rotation.
Governance and attendance
The meeting was attended by the Board of Directors and key managerial personnel. Yogesh D. Dabholkar & Co., Practicing Company Secretaries, served as the scrutinizer for the voting process. The statutory auditors, V. A. Parikh & Associates LLP, and secretarial auditors were also present virtually.
| Role | Name |
|---|---|
| Chairman, CFO & Whole-time Director | Arvind T. Shah |
| CEO & Managing Director | Vipul P. Shah |
| Whole-time Director | Rahil V. Shah |
| Non-Executive Non-Independent Director | Priyanshu A. Shah |
| Non-Executive Non-Independent Director | Dharmesh D. Shah |
| Independent Director | Kunal S. Todarwal |
| Independent Director | Kartikeya G. Desai |
| Independent Director | Jayantilal D. Parmar |
| Independent Director | Trapti Mehta |
| Independent Director | Navtej H. Singh |
| Company Secretary & Compliance Officer | Pujadevi R. Chaurasia |
Meeting conduct
The notice convening the AGM and the annual report for FY26 were taken as read, having been circulated electronically to registered members. The statutory auditor's report and secretarial audit report contained no qualifications. Members were provided with an e-voting facility that remained open for 15 minutes post-meeting for those who had not voted earlier. The consolidated results of the voting are to be disseminated on the company's website and stock exchange platforms.
Historical Stock Returns for Asian Star
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.45% | -12.21% | +18.13% | +13.41% | +13.41% | +13.41% |
How does the declared dividend yield of Asian Star Company Ltd compare to the average payout ratios of its peers in the textile and home furnishing sector for FY26?
What impact will the reappointment of key directors have on the company's long-term strategic direction and operational continuity?
Given the clean audit reports, what specific growth drivers or capital expenditure plans were highlighted in the FY26 financial statements that could influence future earnings?
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