Comfort Intech sets Sep 21 AGM; recommends ₹0.05 dividend
- Comfort Intech schedules 32nd AGM for September 21, 2026
- Board recommends final dividend of ₹0.05 per share for FY26
- Shareholders to approve material related-party transactions up to ₹780 crore
- Mrs. Apeksha Kadam seeks re-appointment as director
*this image is generated using AI for illustrative purposes only.
Comfort Intech Limited has scheduled its 32nd Annual General Meeting for Monday, September 21, 2026, at 11:00 am. The event will be conducted exclusively through video conference or other audio-visual means.
The Board of Directors recommended a final dividend of ₹0.05 per equity share for the financial year ended March 31, 2026. This payout represents 5% of the paid-up equity share capital and is subject to shareholder approval at the meeting.
Key Dates and Logistics
Shareholders must hold shares on the record date to be eligible for the dividend. The company has fixed the following timeline for the corporate action:
| Event | Date |
|---|---|
| Record Date | September 14, 2026 |
| Book Closure Start | September 15, 2026 |
| Book Closure End | September 21, 2026 |
| AGM Date | September 21, 2026 |
The register of members and share transfer books will remain closed from Tuesday, September 15, 2026, to Monday, September 21, 2026, inclusive. If approved, the dividend will be paid within 30 days of the AGM.
Voting and Participation
Members can attend and participate in the AGM only through the VC/OAVM facility provided by National Securities Depository Limited. No provision has been made for in-person attendance. Shareholders will have the opportunity to cast votes electronically either during the remote e-voting period before the AGM or during the meeting itself.
The remote e-voting period commences on Friday, September 18, 2026, at 9:00 am and ends on Sunday, September 20, 2026, at 5:00 pm.
The e-copy of the AGM notice along with the Annual Report for FY26 is available on the company website. Hard copies will not be sent unless specifically requested by shareholders.
Special Business: Related Party Transactions
A key agenda item for the AGM is the approval of material related-party transactions (RPTs) for FY27 and onwards. The company seeks shareholder consent for transactions with various group entities and promoters, totaling an aggregate limit of ₹780 crore.
The proposed RPTs include inter-corporate loans, guarantees, securities transfers, and supply of goods. Key counterparties and their transaction limits include:
| Related Party | Transaction Limit (₹ Cr) | Nature of Relationship |
|---|---|---|
| Flora Fountain Properties Ltd | 400 | Common Director |
| Comfort Securities Ltd | 100 | Associate Company |
| Comfort Fincap Ltd | 100 | Common Director |
| Liquors India Ltd | 40 | Subsidiary Company |
| Comfort Commtrade Ltd | 40 | Common Director |
| Luharuka Exports Pvt Ltd | 50 | Common Directors |
| DhanSafal Finserve Ltd | 20 | Common Directors |
| Comfort Capital Pvt Ltd | 20 | Common Director |
These transactions are intended to support business operations and optimize financial resources within the group. They are proposed to be undertaken on an arm's length basis in compliance with SEBI Listing Regulations.
Director Re-appointment
Mrs. Apeksha Kadam (DIN: 08878724), who retires by rotation, offers herself for re-appointment as a director. She has been associated with the company for approximately 19 years and serves on the boards of several other group companies.
Dividend Taxation and KYC
Dividends are taxable in the hands of members under the Income Tax Act, 2025. The company will deduct tax at source (TDS) as per relevant provisions before disbursing the final dividend.
Shareholders holding shares in physical mode are requested to update their PAN, KYC, and bank details with Bigshare Services Private Limited. Those holding shares in demat mode should update these details with their respective depository participants to ensure timely credit of dividends.
Historical Stock Returns for Comfort Intech
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.17% | -8.05% | +10.00% | 0.0% | 0.0% | 0.0% |
How might the proposed ₹780 crore related-party transaction limit impact Comfort Intech's operational independence and minority shareholder interests?
What is the rationale behind the modest 5% dividend payout ratio, and does it signal a strategic shift towards capital retention for future expansion?
Could the re-appointment of Mrs. Apeksha Kadam indicate a continuity in management strategy, or are there anticipated changes in corporate governance practices?
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