Shareholders of CCL Products approved a final dividend of ₹3.00 per equity share for FY26 and re-elected two retiring directors at the company’s 65th Annual General Meeting (AGM) on September 8, 2026.

The meeting, conducted via video conferencing, saw near-total participation from equity holders. All five ordinary resolutions proposed by the board were passed. The voting process was scrutinized by M B Suneel, a practising company secretary, who confirmed compliance with Section 108 of the Companies Act, 2013.

Voting Participation and Results

The record date for the AGM was September 1, 2026, with a total of 67,424 shareholders on record. Electronic voting was conducted through Central Depository Services (India) Limited (CDSL) from September 5 to September 7, 2026, followed by e-voting during the AGM itself.

Promoter group members cast votes in favor of all resolutions without any dissent. Public institutional investors showed high engagement, polling nearly 100% of their holdings across most items.

Key Resolutions Passed

The most significant financial resolution was the declaration of the final dividend. The proposal to pay ₹3.00 per equity share of face value ₹2.00 each received overwhelming support. Out of approximately 100 million votes polled, only 172 were cast against the resolution, representing less than 0.01% of the total.

Two director appointments required shareholder approval due to retirement by rotation:

• Smt. Challa Shantha Prasad (DIN 00746477) was re-appointed with 94.48% support. Institutional investors voted in favor by 85.47%, while non-institutional public shareholders supported the move by 99.61%.
• Sri B. Mohan Krishna (DIN 03053172) was re-elected with 91.97% approval. He faced slightly higher opposition from institutional investors, who voted in favor by 78.87%, compared to 99.61% from non-institutional public shareholders.

The remaining resolutions included the adoption of audited financial statements for FY26 and the ratification of remuneration for cost auditors for FY27. Both passed with virtually unanimous support, receiving over 99.99% affirmative votes.

What the Numbers Show

The divergence in voting behavior between institutional and non-institutional shareholders is notable for the director appointments. While promoters and retail/public non-institutional shareholders backed both candidates overwhelmingly, institutional investors registered measurable opposition. Approximately 14.5% of institutional votes were cast against Smt. Challa Shantha Prasad, and 21.1% opposed Sri B. Mohan Krishna. Despite this dissent, the promoter group’s unified backing ensured the resolutions passed comfortably.

Compliance Update

In accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015, CCL Products has uploaded the video recording of the 65th AGM to its official website. The recording is available for public access to ensure transparency in the corporate governance process.

CCL Products (India) has filed its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026, highlighting significant progress in decarbonization and resource efficiency. The Hyderabad-based coffee ingredient manufacturer reported that 80% of its total energy consumption during FY26 was met through renewable energy sources, comprising renewable power purchase agreements (PPAs) and renewable fuels.

The company’s environmental strategy focused heavily on reducing reliance on fossil fuels and grid electricity. During the reporting period, electricity generated from a 0.9 MW solar power plant at its Kuvvakolli manufacturing facility and a newly commissioned 100 kW rooftop system at its Hyderabad corporate office helped avoid approximately 971 tCO2e of Scope 2 greenhouse gas emissions. Additionally, the firm approved an investment under the Group Captive mode to access approximately 7.9 MW of renewable wind and solar power through a Special Purpose Vehicle, aiming to further optimize costs and ensure energy security.

Energy and Waste Management

CCL Products continued to integrate circular economy principles into its operations by utilizing organic spent coffee waste as an alternative fuel source. In FY26, the company used 20,476 metric tonnes of spent coffee waste in its boilers, which constituted 22% of the energy consumed within these facilities. This substitution led to the avoidance of approximately 19,568 metric tonnes of coal usage.

Total energy consumption for the year stood at 15,58,114.26 GJ, with renewable sources contributing 12,46,060.23 GJ. Non-renewable energy consumption declined to 3,12,054.04 GJ, down from 4,45,507.71 GJ in the previous year. Consequently, the energy intensity per rupee of turnover improved to 0.000070 GJ/INR revenue, compared to 0.00011 GJ/INR revenue in FY25.

What the Numbers Show

The divergence between total waste generation and waste recovery indicates a high rate of material valorization. While the company generated 35,989.59 metric tonnes of total waste in FY26, it recovered 34,324.43 metric tonnes through recycling and reuse operations. This suggests that over 95% of the waste generated was diverted from disposal methods such as landfilling or incineration, reinforcing the efficacy of its circular economy initiatives in processing organic byproducts.

Social and Governance Metrics

On the social front, CCL Products reported that suppliers representing 90% of its procurement spend affirmed commitment to its Responsible Sourcing Policy. The company maintained full compliance with statutory requirements and reported zero fatalities or lost-time injuries among employees and workers during the year.

Grievance redressal mechanisms remained active, with the company resolving all 41 shareholder complaints and 83 customer complaints received during FY26 within prescribed timelines. No complaints were pending resolution at the end of the financial year. The report was independently assured by SGS India Private Limited, which provided limited assurance over the BRSR Core indicators.