Ceigall India schedules AGM for September 29, proposes ₹0.50 dividend
- Ceigall India schedules 24th AGM for September 29, 2026
- Proposes final dividend of ₹0.50 per share for FY26
- Seeks approval for reappointment of independent directors
- Approves appointment of two new Whole-Time Directors
- Proposes material related-party transactions worth over ₹1.2 billion
*this image is generated using AI for illustrative purposes only.
Ceigall India Limited has scheduled its 24th Annual General Meeting for Tuesday, September 29, 2026. The infrastructure equipment manufacturer will convene the meeting via video conferencing or other audio-visual means at 2:30 pm to transact ordinary and special business.
The company has filed its annual report for FY26 with the Bombay Stock Exchange and the National Stock Exchange of India. The filing includes audited financial statements and statutory reports for the period ending March 31, 2026.
Dividend Declaration
Shareholders will consider the declaration of a final dividend for FY26 at the rate of 10%, equating to ₹0.50 per equity share of face value ₹5 each. The record date for determining dividend entitlement is set as close of business hours on September 11, 2026. Payment will be made electronically to eligible members holding shares on the record date.
Board Appointments and Reappointments
The AGM agenda includes several director appointments and reappointments:
- Mr. Ramneek Sehgal: Retires by rotation and offers himself for reappointment as a Director.
- Mr. Vishal Anand: Reappointment as a Non-Executive Independent Director for a second term of five years, commencing October 26, 2026.
- Mrs. Gurpreet Kaur: Reappointment as a Non-Executive Independent Director for a second term of five years, commencing October 26, 2026.
- Mr. Ankit Kumar Agrawal: Appointment as a Non-Executive Independent Director for a first term of five years, commencing July 1, 2026.
Additionally, the board seeks approval for the appointment of two Whole-Time Directors:
- Mr. Ayyalusamy Saravanan: Appointment as Whole-Time Director & CEO for two years, from July 1, 2026, to June 30, 2028.
- Dr. Pawan Kumar: Appointment as Whole-Time Director for two years, from July 1, 2026, to June 30, 2028.
Related Party Transactions
The company seeks shareholder approval for material related-party transactions (RPTs) with various subsidiaries and special purpose vehicles (SPVs) for FY27. These transactions are conducted in the ordinary course of business on an arm's length basis.
| Related Party | Proposed Transaction Value (₹ Million) |
|---|---|
| Ceigall Ambala Chandigarh Zirakpur Limited | 9,100 |
| Ceigall Ayodhya Bypass Private Limited | 11,100 |
| Ceigall Green Energy MH1 Limited | 10,010 |
| Ceigall Indore Ujjain Greenfield Highway Limited | 11,710 |
| Ceigall Ludhiana Bathinda Greenfield Highway Private Limited | 10,310 |
| Ceigall Morena Solar BESS Park Limited | 14,570 |
| Ceigall Northern Ayodhya Bypass Private Limited | 11,310 |
| Ceigall Sahebganj Bettiah Highway Limited | 9,590 |
| Ceigall Southern Ludhiana Bypass Private Limited | 11,510 |
| Ceigall VRK - 11 Private Limited | 14,810 |
| Ceigall VRK - 12 Private Limited | 13,810 |
| Velgaon Power Transmission Limited | 6,710 |
The aggregate value of these proposed transactions exceeds the materiality threshold prescribed under Schedule XII of the SEBI Listing Regulations. The transactions include provision of financing support, infusion of sponsor contribution, issuance of guarantees, and execution of EPC works.
Regulatory Compliance
The disclosure was made pursuant to Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shareholders who have registered their email addresses received the annual report electronically. Physical communications containing the web link were sent to members without registered email IDs.
Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE0AG901020/8e4e991f-d95f-4b6c-90cb-30953d24a00a.pdf
Historical Stock Returns for Ceigall India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.41% | -1.51% | +19.23% | +44.83% | +41.69% | -0.69% |
How will the appointment of a new CEO and Whole-Time Director impact Ceigall India's strategic execution and operational efficiency in FY27?
What does the significant volume of related-party transactions with SPVs indicate about the company's expansion strategy and capital allocation priorities?
Could the proposed dividend of ₹0.50 per share signal a shift in the company's capital retention policy given its heavy infrastructure project pipeline?
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