Bengal Tea & Fabrics approves Re.1.50 dividend at AGM
Bengal Tea & Fabrics Limited declared a dividend of Re.1.50 per equity share for FY26 at its 43rd AGM on August 7, 2026. Shareholders also re-appointed Mrs. Shubha Kanoria and Mr. Kushagra Kanoria to the board. The meeting was conducted virtually with 69 attendees, and all resolutions were passed without auditor qualifications.
*this image is generated using AI for illustrative purposes only.
Bengal Tea & Fabrics Limited shareholders approved a dividend declaration of Re.1.50 per equity share during the company’s 43rd Annual General Meeting (AGM) held on August 7, 2026. The resolution passed by requisite majority confirms the distribution for the financial year ended March 31, 2026, providing immediate value to investors following the adoption of the annual financial statements.
The AGM commenced at 11:00 A.M. and concluded at 12:08 P.M., conducted via Video Conferencing (VC) and Other Audio Visual Means (OAVM) in compliance with Ministry of Corporate Affairs (MCA) General Circulars dated May 5, 2020, April 8, 2020, and September 25, 2023, as well as Securities and Exchange Board of India (SEBI) circulars dated May 12, 2020, and October 7, 2023. A total of 69 members attended the meeting, satisfying the quorum requirements under Article 95 of the Articles of Association. Mr. Adarsh Kanoria, Chairman of the Board, chaired the proceedings.
Key Resolutions Passed
Shareholders voted on four items via remote e-voting and e-voting during the AGM. Remote e-voting was available from August 4, 2026, at 9:00 A.M. to August 6, 2026, at 5:00 P.M., with a cut-off date of July 31, 2026. All resolutions were passed by the requisite majority.
| Resolution Type | Item Description | Outcome |
|---|---|---|
| Ordinary | Adoption of Financial Statements and Reports for FY26 | Passed |
| Ordinary | Declaration of Dividend of Re.1.50 per equity share for FY26 | Passed |
| Ordinary | Re-appointment of Mrs. Shubha Kanoria (DIN: 00036489) as Director | Passed |
| Ordinary | Re-appointment of Mr. Kushagra Kanoria (DIN: 09467947) as Whole-Time Director | Passed |
Governance and Audit Compliance
The statutory audit report and secretarial audit report for the financial year ended March 31, 2026, contained no qualifications, observations, or other remarks. Consequently, these reports were not read out during the meeting. Representatives from M/s Jain & Co., the Statutory Auditors, and M/s Bajaj, Todi & Associates, the Secretarial Auditors, were present via VC/OAVM. Mrs. Swati Bajaj served as the Scrutinizer for the voting process.
Mr. Himangshu Kedia, Company Secretary & Compliance Officer, welcomed the members and confirmed that all statutorily required registers and documents were available for electronic inspection during the AGM. The Chairman addressed member queries regarding the annual accounts and future prospects before concluding the meeting with a vote of thanks.
Historical Stock Returns for Bengal Tea & Fabrics
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -3.16% | -0.53% | -10.19% | +1.77% | +80.54% |
How does the Re.1.50 dividend per share compare to Bengal Tea & Fabrics' historical payout ratios, and what does this signal about management's capital allocation strategy for FY27?
Given the re-appointment of key Kanoria family members, what specific strategic initiatives or operational targets have been outlined for the company's tea and fabric segments in the coming fiscal year?
With clean audit reports for FY26, are there any pending regulatory compliances or governance reforms the company plans to implement to further enhance shareholder value and transparency?
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