Cemindia Projects approves auditors, dividend at 48th AGM
Cemindia Projects Limited held its 48th Annual General Meeting on June 27, 2026, via video conferencing, approving all ten resolutions. Key decisions included appointing M/s. Price Waterhouse Chartered Accountants LLP as statutory auditors for five years, declaring a dividend for FY26, and ratifying related party transactions with Adani Road Transport Limited and Adani Infra (India) Limited.
*this image is generated using AI for illustrative purposes only.
Cemindia Projects Limited secured shareholder approval for the appointment of M/s. Price Waterhouse Chartered Accountants LLP as its statutory auditors for a five-year term and declared a dividend for FY26 during its 48th Annual General Meeting held on June 27, 2026. The meeting, conducted via video conferencing, saw the passing of all ten proposed resolutions with the requisite majority, covering financial statements, director appointments, and related party transactions.
The appointment of the statutory auditors is effective from the conclusion of the 48th AGM until the conclusion of the 53rd AGM in 2031. Shareholders also sanctioned material related party transactions with Adani Road Transport Limited and Adani Infra (India) Limited for the financial year 2026-27. Dr. Malay Mahadevia was re-appointed as a Director, and Mr. Abizer Shabbir Diwanji was appointed as a Non-Executive Independent Director.
Voting Results Summary
The remote e-voting period commenced on June 24, 2026, and concluded on June 26, 2026, with e-voting also available during the AGM. Mitesh Dhabliwala of M/s Parikh & Associates served as the Scrutinizer for the process. The total number of shareholders on the record date was 92,633.
| Resolution | Type | Votes For (%) | Votes Against (%) |
|---|---|---|---|
| Adoption of Financial Statements FY26 | Ordinary | 99.83 | 0.17 |
| Declaration of Dividend FY26 | Ordinary | 99.99 | 0.00 |
| Re-appointment of Dr. Malay Mahadevia | Ordinary | 99.50 | 0.50 |
| Appointment of Statutory Auditors | Ordinary | 99.99 | 0.00 |
| Appointment of Mr. Abizer Shabbir Diwanji | Special | 99.99 | 0.01 |
| Ratification of Cost Auditor Remuneration | Ordinary | 99.99 | 0.00 |
| Commission to Non-Executive Directors | Ordinary | 99.99 | 0.00 |
| RPT with Adani Road Transport Limited | Ordinary | 99.99 | 0.00 |
| RPT with Adani Infra (India) Limited | Ordinary | 99.99 | 0.00 |
| Alteration of Article 131 | Special | 99.99 | 0.00 |
Statutory Appointments
M/s. Price Waterhouse Chartered Accountants LLP (Firm Registration No. 012754 N/ N500016) was appointed as the statutory auditor. Additionally, the remuneration of Mr. Suresh Damodar Shenoy, Cost Accountant, for the financial year ending March 31, 2027, was ratified. The meeting also approved the payment of commission to Non-Executive Directors.
Historical Stock Returns for Cemindia Projects
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.08% | +9.30% | +28.02% | +127.58% | +80.89% | +1,676.44% |
How will the five-term appointment of PwC influence the company's financial reporting standards and compliance strategies through 2031?
What strategic benefits will the sanctioned related party transactions with Adani Road Transport and Adani Infra bring to Cemindia's operations in FY27?
How will the newly appointed Non-Executive Independent Director, Mr. Abizer Shabbir Diwanji, contribute to the company's governance and future growth?
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