Avadh Sugar & Energy shareholders approved a 100% dividend of ₹10 per equity share and restructured its Board of Directors during the company’s 12th Annual General Meeting (AGM) held on July 28, 2026. The virtual meeting, conducted via Video Conference/Other Audio-Visual Means (VC/OAVM), saw near-unanimous support for all six resolutions, reflecting strong shareholder confidence in management’s financial stewardship and governance strategy. With 22,654 equity shareholders on record as of the July 21, 2026 cut-off date, the high participation rate underscores active engagement from both promoter and public stakeholders.

The AGM was chaired by Co-Chairperson & Managing Director Chandra Shekhar Nopany and commenced at 11:00 a.m. (IST). Prashant Kapoor, Company Secretary, confirmed that all items of business listed in the notice dated June 10, 2026, were transacted with the requisite majority under Section 108 of the Companies Act, 2013. Statutory auditors M/s. S R Batliboi & Co. LLP, represented by Sanjay Agarwal and Bhawna Sharma, were present to address queries regarding the audited financial statements for FY26. The proceedings adhered to guidelines issued by the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI).

Key Resolutions Passed

Shareholders approved ordinary and special resolutions concerning financial payouts, board composition, and auditor appointments. The detailed outcomes are summarized below:

Board Appointments and Auditors

The company appointed Amit Dalal (DIN-00297603) and Rahul Chhabra (DIN-10041446) as Independent Directors. Dalal’s tenure runs from May 12, 2026, to May 11, 2031, while Chhabra’s term extends from June 15, 2026, to June 14, 2031. Additionally, Sukhvir Singh (DIN-06645482), who retired by rotation, was re-appointed as a Director liable to retire by rotation. The remuneration payable to Somnath Mukherjee as Cost Auditor for FY27 was also ratified.

Voting Process and Compliance

The e-voting facility was extended to members from July 24, 2026, 9:00 a.m. (IST), to July 27, 2026, 5:00 p.m. (IST). Mohan Ram Goenka served as the Scrutinizer for the e-voting process, issuing his report pursuant to Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Secretarial Auditor Vinod Kothari & Co., represented by Sourish Kundu, ensured compliance with Secretarial Standards on General Meetings. Seventy-two members attended the virtual meeting, which included a live webcast. The consolidated voting results and Scrutinizer’s report were published on the company’s website and stock exchange portals.

What the Numbers Show

The declaration of a 100% dividend indicates strong liquidity and profitability for Avadh Sugar & Energy in FY26. By approving this payout alongside the reappointment of key board members and the induction of new independent directors, the company signals stability in its governance structure while rewarding shareholders for their investment.

Avadh Sugar & Energy has fixed Friday, July 17, 2026, as the record date to determine members eligible for a dividend of ₹10 per equity share of ₹10 each, subject to declaration at the 12th Annual General Meeting. The Board has recommended the dividend, which will be paid within 30 days from the AGM, subject to tax deduction at source. The meeting is scheduled to be held on Tuesday, July 28, 2026, at 11:00 a.m. IST through Video Conferencing (VC) or Other Audio Visual Means (OAVM), complying with Ministry of Corporate Affairs and SEBI circulars.

The AGM agenda includes the adoption of audited financial statements for the financial year ended March 31, 2026, and the declaration of dividend. Shareholders will also vote on the ratification of remuneration for Cost Auditor Mr. Somnath Mukherjee at ₹1,92,500 for FY2026-27. Additionally, the meeting will consider the appointment of Mr. Amit Dalal and Mr. Rahul Chhabra as Independent Directors for terms of five years each, effective from May 12, 2026, and June 15, 2026, respectively.

E-voting facilities will be available for shareholders to cast votes on the business items. Remote e-voting will begin on Friday, July 24, 2026, at 9:00 a.m. IST and end on Monday, July 27, 2026, at 5:00 p.m. IST. The cut-off date for shareholders eligible for e-voting is Tuesday, July 21, 2026. The facility to vote will also be available during the meeting for those who have not voted remotely. Shareholders attending the AGM through VC/OAVM shall be counted for the purpose of reckoning the quorum.

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company disclosed the meeting details to the stock exchanges. The notice for the 12th AGM and the Annual Report for FY2025-26 will be sent electronically to shareholders with registered email addresses. Shareholders holding shares in physical form are urged to update their Electronic Bank Mandate to receive dividends directly and ensure their PAN is linked to Aadhaar.