Cochin Minerals & Rutile Ltd concluded its 37th Annual General Meeting on September 25, 2026, approving audited financial statements and declaring dividends. The meeting was conducted entirely through video conferencing and other audio-visual means.

Meeting Proceedings and Attendance

The company reported that 75 members holding 21,64,106 equity shares, representing 27.64% of the paid-up equity share capital, participated in the meeting. Dr. Rabinarayan Patra, Chairman, called the meeting to order after verifying the quorum. The session began with a minute of silence in memory of former Chairman R K Garg.

Directors present included Managing Director Saran S Kartha, Independent Directors V Vinod Kamath, Venkitraman Anand, and Yogindunath S, along with Directors Mathew M Cherian, Jaya S Kartha, Nabel Mathew Cherian, and Executive Director Anil Ananda Panicker. Statutory Auditor Saghesh Kumar K.A and Secretarial Auditors from M/s. SEP & Associates were also in attendance.

Resolutions Passed

The members transacted ordinary business, which included the adoption of audited financial statements and the declaration of dividends. The Company Secretary confirmed that the audited financial statements and the Secretarial Audit Report contained no qualifications, reservations, or adverse remarks.

Two directors retired by rotation and were reappointed:

• Mundanical Mathew Cherian (DIN: 01265695)
• Jaya S Kartha (DIN: 00666957)

Special business included an ordinary resolution regarding commission for non-executive directors. Remote e-voting was available from September 22 to September 24, 2026, with M/s. SEP & Associates serving as the scrutinizer.

Governance and Compliance

The meeting adhered to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the Companies Act, 2013. The voting module was extended by 15 minutes to accommodate members casting votes during the session. The AGM concluded at approximately 11:40 am.

Cochin Minerals & Rutile has scheduled its 37th Annual General Meeting for September 25, 2026. The Board of Directors has recommended a final dividend of ₹8 per equity share for the financial year ended March 31, 2026. This represents an 80% payout ratio for FY26.

The meeting will be conducted through Video Conferencing or Other Audio Visual Means at 10:30 am. Shareholders whose names appear in the Register of Members as on the record date of September 18, 2026, will be eligible to receive the dividend if approved by members at the AGM.

Corporate Actions and Dates

The Register of Members and Share Transfer Register will remain closed from September 19, 2026, to September 25, 2026, both days inclusive. This closure facilitates the processing of the annual general meeting and the subsequent payment of dividends for FY26.

AGM Agenda Items

In addition to the dividend declaration, the AGM notice outlines several ordinary and special business items for shareholder approval.

Ordinary Business

• Adoption of Financial Statements: Shareholders will receive, consider, and adopt the audited standalone financial statements for FY26, along with the reports of the Board of Directors and Auditors.
• Director Re-appointments: Two directors retiring by rotation seek re-appointment:
  • Shri. Mundanical Mathew Cherian (DIN: 01265695)
  • Smt. Jaya S Kartha (DIN: 00666957)

Special Business

• Commission to Non-Executive Directors: The Board seeks consent to pay remuneration by way of commission to Non-Executive Directors. The aggregate commission shall not exceed 1% of the net profits of the company, as computed under Section 198 of the Companies Act, 2013. This approval is sought for a period of three years, commencing from April 1, 2026, to March 31, 2029. In the event of no profits or inadequate profits, the company may pay up to ₹3,00,000 per annum to each Non-Executive Director, in accordance with Schedule V of the Companies Act, 2013.

Company Profile

Cochin Minerals & Rutile operates as a 100% Export Oriented Unit (EOU) and holds the distinction of being a Three Star Export House. The company is registered under CIN L24299KL1989PLC005452 and maintains its registered office in Alwaye, Kerala. It holds various quality and environmental certifications, including ISO 9001:2015 and ISO 45001:2018.