Balrampur Chini Mills approves ₹3.50 per share final dividend at 50th AGM
- Balrampur Chini Mills approved a final dividend of ₹3.50 per equity share for FY26
- The 50th AGM was held on September 16, 2026, with 107 members attending via video conferencing
- Shareholders reappointed Vivek Saraogi as CMD and Avantika Saraogi as Executive Director
- The board approved acceptance of grant assistance from Biotechnology Industry Research Assistance Council (BIRAC)
- Statutory and secretarial audit reports were clean with no adverse remarks
*this image is generated using AI for illustrative purposes only.
Balrampur Chini Mills Limited confirmed a final dividend of ₹3.50 per equity share for FY26 during its 50th Annual General Meeting held on September 16, 2026. The payout converts the interim dividend declared earlier in the financial year.
The meeting, conducted via video conferencing in compliance with SEBI and MCA guidelines, was attended by 107 members. Vivek Saraogi, Chairman and Managing Director, chaired the proceedings, except for specific resolutions where Dr. Indu Bhushan, Lead Independent Director, presided.
Key Resolutions Passed
Shareholders approved several ordinary and special resolutions covering financial statements, board appointments, and strategic initiatives. The key outcomes included:
| Resolution Type | Key Action | Status |
|---|---|---|
| Ordinary | Adoption of standalone and consolidated audited financials for FY26 | Passed |
| Ordinary | Confirmation of interim dividend as final dividend of ₹3.50 per share | Passed |
| Ordinary | Re-appointment of Mr. Praveen Gupta as director | Passed |
| Special | Re-appointment of Vivek Saraogi as CMD | Passed |
| Special | Re-appointment of Ms. Avantika Saraogi as Executive Director | Passed |
| Special | Appointment of Ms. Vartika Shukla as Independent Director | Passed |
| Ordinary | Ratification of remuneration for Cost Auditors | Passed |
| Ordinary | Approval to accept grant assistance from BIRAC | Passed |
Governance and Voting
The company extended remote e-voting facilities through KFin Technologies Limited from September 13 to September 15, 2026. CS Amber Ahmad was appointed as the scrutinizer to ensure a fair voting process. E-voting during the meeting remained open for 15 minutes.
The statutory auditors and secretarial auditors issued reports without any qualifications, observations, or adverse remarks. Consequently, these reports were not read out during the meeting.
Strategic Outlook
Vivek Saraogi provided an overview of the company’s performance and future outlook. He addressed concerns related to E20 ethanol blending, noted the recent firming of sugar prices, and shared the future trajectory for the sugar and ethanol industries. Additionally, he updated members on the progress of the Polylactic Acid (PLA) project.
Historical Stock Returns for Balrampur Chini Mills
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.81% | -4.06% | +9.24% | +40.45% | +31.45% | +90.51% |
How will the transition to E20 ethanol blending impact Balrampur Chini Mills' sugar production volumes and overall revenue mix in the coming fiscal years?
What is the projected timeline and capital expenditure required for the Polylactic Acid (PLA) project to reach commercial viability?
Will the recent firming of sugar prices sustain long-term, or are there risks of oversupply that could compress margins despite current trends?
15
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
