Cochin Shipyard Limited has submitted the scrutinizer's report for its 54th Annual General Meeting (AGM) held on September 29, 2026, confirming the passage of all nine resolutions via remote e-voting and e-voting during the meeting.
The meeting, conducted through video conferencing, saw participation from shareholders representing a significant portion of the company's equity. The consolidated results indicate strong support for the adoption of FY26 financial statements and the declaration of dividends, alongside the appointment of new directors.
Voting summary by resolution
The following table outlines the voting results for the key business items transacted at the meeting:
| Resolution |
Type |
Votes in Favour (%) |
Votes Against (%) |
Status |
| Adoption of Standalone Financials |
Ordinary |
96.69% |
3.31% |
Passed |
| Adoption of Consolidated Financials |
Ordinary |
96.69% |
3.31% |
Passed |
| Dividend Confirmation (₹9.00 total) |
Ordinary |
98.39% |
1.61% |
Passed |
| Re-appointment of Dr. Harikrishnan S |
Ordinary |
95.51% |
4.49% |
Passed |
| Auditor Remuneration Fixing |
Ordinary |
99.99% |
0.00% |
Passed |
| Appointment of Mukesh Mangal (ITS) |
Ordinary |
92.28% |
7.72% |
Passed |
| Appointment of Anupama T. V. (IAS) |
Ordinary |
93.66% |
6.34% |
Passed |
| Appointment of Dr. Vani Ahluwalia |
Special |
94.01% |
5.99% |
Passed |
| Ratification of Cost Auditor Remuneration |
Ordinary |
99.99% |
0.00% |
Passed |
Dividend structure
The shareholders confirmed the payment of two interim dividends and declared a final dividend for FY26. The total payout comprises:
- First interim dividend: ₹4.00 per equity share (80%)
- Second interim dividend: ₹3.50 per equity share (70%)
- Final dividend: ₹1.50 per equity share (30%)
All dividends are calculated on a face value of ₹5 per equity share. The resolution received overwhelming support with 98.39% of votes in favour.
Governance and appointments
The meeting approved the appointment of three new directors to the board. Shri Mukesh Mangal (ITS) and Smt. Anupama T. V. (IAS) were appointed as part-time official nominee directors. Dr. Vani Ahluwalia was appointed as a non-official independent director via a special resolution.
Dr. Harikrishnan S, who retired by rotation, was re-appointed as a director. The board also received ratification for the remuneration of cost auditors for FY27 and authorization to fix the remuneration for statutory auditors appointed by the C&AG.
Voting and compliance
The company provided remote e-voting facilities from September 26 to September 28, 2026. CS Sreekumar P. S., partner at M/s. SVJS & Associates, served as the scrutiniser. The consolidated voting results were communicated to stock exchanges on September 30, 2026, pursuant to Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
What the Numbers Show
The voting data reveals a distinct divergence between institutional and retail sentiment regarding board appointments. While the promoter group voted unanimously in favour of all resolutions, public institutions showed notable dissent on specific director appointments. For instance, the appointment of Mukesh Mangal faced 45.87% opposition from public institutions, compared to only 6.15% opposition from public non-institutions. This suggests that institutional investors had more reservations about the composition of the new board than retail shareholders, although the promoter's majority holding ensured all resolutions passed comfortably.
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