Automotive Axles has declared a final dividend of ₹32 per equity share for FY26. The payout was approved by shareholders at the 45th Annual General Meeting held on August 12, 2026.

The dividend pertains to equity shares with a face value of ₹10 each. Shareholders holding units as on the record date of August 5, 2026, were eligible for the distribution.

Dividend Payment Details

The company has credited the dividend amount to the bank accounts of eligible shareholders through the National Automated Clearing House (NACH). The credit was processed on August 25, 2026.

Tax Deduction at Source

Pursuant to amendments introduced by the Finance Act, 2020, tax has been deducted at source from the gross dividend amount at the prescribed rate. Shareholders can view the TDS credit in their Form 26AS via the income tax e-filing portal.

The company sent email communications regarding the dividend payment and TDS details to all shareholders on September 11, 2026. Shareholders are advised to verify the net dividend credit in their passbooks, indicated as NACH.

Contact Information

For clarifications, shareholders may contact the company’s Registrar and Share Transfer Agent, Integrated Registry Management Services Private Limited, or the company’s Secretarial Department in Mysuru.

Automotive Axles shareholders approved the company’s audited standalone financial statements for the year ended March 31, 2026, and declared a final dividend of ₹32 per equity share of face value ₹10 each for FY26. The resolutions were passed during the 45th Annual General Meeting (AGM) held on August 12, 2026, via video conferencing or other audio-visual means.

The meeting also saw the reappointment of Mr. Kenneth James Hogan as a director retiring by rotation. All three ordinary resolutions were approved with significant majority support from both promoter and public shareholders.

Voting Results Overview

The remote e-voting process ran from August 9, 2026, to August 11, 2026. Ms. Pracheta M., Practicing Company Secretary, served as the scrutinizer for the voting process. The total number of shareholders on the record date of August 5, 2026, was 23,964.

Resolution 1: Adoption of Financial Statements

The resolution to adopt the financial statements for FY26 received overwhelming support. Promoter group shareholders voted unanimously in favor, holding 10,735,226 shares. Public institutional shareholders also voted entirely in favor, while non-institutional public shareholders showed near-unanimous support.

Resolution 2: Final Dividend Declaration

The resolution to declare a final dividend of ₹32 per equity share (320% payout) for FY26 mirrored the voting pattern of the financial statement adoption. It passed with 99.99% of valid votes cast in favor. Only seven votes were cast against the resolution by non-institutional public shareholders.

Resolution 3: Reappointment of Director

The reappointment of Mr. Kenneth James Hogan (DIN: 09161738) received strong backing but faced slightly more dissent than the other resolutions. While promoter and non-institutional public shareholders voted almost entirely in favor, public institutional shareholders cast 49,291 votes against the resolution.

What the Numbers Show

The voting data highlights a divergence in shareholder sentiment regarding board composition versus financial outcomes. While the financial results and dividend payout achieved near-unanimous approval (99.99%), the reappointment of the retiring director faced measurable opposition from institutional investors, who cast approximately 2.16% of their polled votes against the resolution. This suggests that while institutional stakeholders endorse the company’s financial performance and capital return policy, they may have specific governance concerns regarding individual board members.

Additionally, the high participation rate among promoter shareholders, who voted on 100% of their holdings across all resolutions, underscores strong promoter alignment with the board’s proposals. In contrast, non-institutional public shareholder participation remained low, with only 0.34% of their total shares polled.