Cheviot Company declares ₹25 dividend for FY26
Cheviot Company Limited has declared a final dividend of ₹25 per share (250%) for FY26, totaling ₹14.60 crore, payable on August 11, 2026. The 128th AGM is set for August 6, 2026, via video conferencing to approve accounts and re-appoint a director. Shareholders will also vote on ratifying the cost auditor's remuneration and commission for non-executive directors.
*this image is generated using AI for illustrative purposes only.
Cheviot Company Limited has announced a final dividend of ₹25 per share, or 250%, for the financial year ended March 31, 2026. The total distribution will amount to ₹14,60,46,875 on 58,41,875 ordinary shares of ₹10 each. The dividend will be paid on or from Tuesday, 11th August, 2026, to shareholders whose names appear in the records on Thursday, 30th July, 2026, which has been fixed as the record date.
The 128th Annual General Meeting (AGM) of the company is scheduled to be held on Thursday, 6th August, 2026, at 11:00 a.m. IST through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The meeting will be conducted entirely via remote mode without a physical venue, in compliance with Ministry of Corporate Affairs circulars. Members can attend and participate through the NSDL e-voting system.
Business to be Transacted
The AGM will cover ordinary business, including the adoption of audited financial statements for FY26 and the declaration of the recommended dividend. Shareholders will also consider the re-appointment of Mr. Utkarsh Kanoria, a Wholetime Director who retires by rotation and is eligible for re-appointment.
Special Resolutions
Special business includes the ratification of remuneration payable to the Cost Auditor. The company has proposed ratifying a fee of ₹40,000 plus applicable taxes and reimbursement of out-of-pocket expenses to M/s D. Radhakrishnan & Co., Cost Accountants, for the audit of cost records for the financial year ending March 31, 2027. Additionally, the company seeks approval to pay commission to non-executive directors, including independent directors, not exceeding 1% of net profits for the relevant financial year.
Key AGM Dates
| Event | Date |
|---|---|
| Record Date | Thursday, 30th July, 2026 |
| AGM Date | Thursday, 6th August, 2026 |
| Dividend Payment | Tuesday, 11th August, 2026 |
| Remote E-voting Start | Saturday, 1st August, 2026 (10:00 a.m.) |
| Remote E-voting End | Wednesday, 5th August, 2026 (5:00 p.m.) |
Mr. Rahul Srivastava, Practising Company Secretary, has been appointed as the Scrutinizer for the e-voting process. The facility to appoint proxies will not be available for this AGM.
Historical Stock Returns for Cheviot
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.82% | -0.73% | +3.68% | +11.96% | -5.15% | -2.53% |
How will the 250% dividend payout impact Cheviot's retained earnings and capacity for future capital investments?
What strategic initiatives does the company plan to prioritize following the re-appointment of Mr. Utkarsh Kanoria as Wholetime Director?
Could the approval of commission for non-executive directors signal a shift in the company's governance or incentive structure?
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