Commercial Syn Bags Limited declared a final dividend of ₹0.50 per equity share (5% on face value of ₹10) for FY26. The payout was approved by shareholders during the 42nd Annual General Meeting held on September 29, 2026.

The dividend will be credited to the registered bank accounts of eligible shareholders. Entitlement is determined based on the Register of Members and depository records as of the cut-off date, September 22, 2026. This announcement follows the conclusion of the AGM, where all eight agenda items, including promoter warrants and director re-appointments, were approved.

Agenda items and voting outcomes

The Board presented eight agenda items. Ordinary business included the adoption of standalone and consolidated audited financial statements for FY26 and the declaration of the dividend. Special business focused on governance continuity and capital structure adjustments. All resolutions were passed successfully.

Capital structure and related party transactions

A significant portion of the special business involved capital raising mechanisms. The Board sought authority to issue warrants convertible into equity shares of ₹10 each on a preferential basis to the Promoters and Promoter Group. This move indicates a potential dilution or recapitalization strategy involving insider participation. The specific details regarding the number of warrants and price were part of a corrigendum issued prior to the meeting.

Additionally, shareholders approved an increase in limits under Section 186 of the Companies Act, 2013. This empowers the Board to make investments, extend loans, and provide guarantees or securities. The final item concerned the approval of material related party transactions under Section 188 of the Companies Act, 2013, read with Regulation 23 of SEBI (LODR) Regulations, 2015.

Voting and attendance details

The meeting was conducted through Video Conferencing and Other Audio-Visual Means, complying with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Central Depository Services (India) Limited provided the e-voting infrastructure. Statutory auditor CA Ashok Kumar Agarwal and secretarial auditor CS Ishan Jain attended as special invitees.

As of the cut-off date of September 22, 2026, the company had 5,827 members. A total of 64 members participated in the meeting through VC/OAVM. Remote e-voting commenced on September 26, 2026, and ended on September 28, 2026. CS Ishan Jain served as the scrutinizer. The results were declared by the Chairman on October 1, 2026. The total votes polled represented 34.05% of the outstanding shares.

Commercial Syn Bags Limited has scheduled a board meeting for September 17, 2026, to consider the conversion of warrants issued to its promoters into equity shares. The transaction requires the deposit of the outstanding balance amount for the conversion to proceed.

The meeting is the fourth convened for the fiscal year 2026-27. It will be held at the company's registered office in Indore, Madhya Pradesh.

Meeting Agenda

The Board of Directors will address specific corporate actions alongside routine business items. The primary agenda item involves capital structure adjustments through warrant conversion.

Regulatory Compliance

The announcement was made pursuant to Regulation 29(1)(a) of the SEBI (LODR) Regulations, 2015, read with the SEBI (PIT) Regulations, 2015. Sandeep Patel, Company Secretary, digitally signed the intimation filed with both the Bombay Stock Exchange and the National Stock Exchange of India Limited.

The filing confirms that the conversion is subject to the promoters fulfilling their financial obligation to deposit the remaining funds required for the equity issuance.