Coral Laboratories has scheduled its 44th Annual General Meeting for September 29, 2026. The company intends to propose a final dividend of ₹2.00 per equity share for the financial year ending March 31, 2026.

The meeting will be conducted through video conferencing or other audio-visual means in compliance with Ministry of Corporate Affairs circulars. Shareholders can participate remotely to transact the business set out in the notice.

Dividend and Book Closure Details

The Register of Members and transfer books will remain closed from September 23, 2026, to September 29, 2026. This closure is to ascertain the list of members entitled to receive the proposed dividend.

Eligibility is determined by names appearing in the beneficial owner list furnished by depositories or the register of members as of the end of business hours on Tuesday, September 22, 2026.

Payment and Tax Implications

Dividend payments will be made electronically after September 30, 2026. The company mandates using bank account details furnished by depositories or maintained by the Registrar and Transfer Agent. Tax at source will be deducted as per the Finance Act, 2025. Members are requested to submit necessary documents by September 18, 2026, to determine the appropriate tax rate.

Financial Performance

For FY26, Coral Laboratories reported income of ₹9,579.68 lakh, down from ₹12,411.39 lakh in FY25. Earnings after tax stood at ₹1,683.13 lakh, compared to ₹2,415.56 lakh in the previous year. Exports decreased to ₹7,707.14 lakh from ₹9,382.14 lakh.

What the Numbers Show

The proposed dividend payout represents a 20% yield on the ₹10 face value of the equity shares. This indicates a consistent return mechanism for shareholders holding physical or demat shares as of the record date, despite the decline in operational revenue and profit.

Coral Laboratories Ltd has approved an increase in remuneration and other facilities for Ms. Meera Doshi through a postal ballot process that concluded on July 22, 2026. The resolution, which required ordinary approval, secured 63.39% of the votes polled in favour, with 36.61% voting against it.

The postal ballot e-voting was conducted in accordance with Regulation 44 of the SEBI LODR Regulations, 2015. The voting period commenced at 09:00 a.m. on June 23, 2026, and concluded at 05:00 p.m. on July 22, 2026. National Securities Depository Limited (NSDL) served as the service provider for the e-voting platform.

A total of 3,999 shareholders were eligible to vote as on the cut-off date of June 19, 2026. Of the total outstanding shares of 3,572,600, 155,089 votes were polled, representing a participation of 15.24%. The promoter group did not participate in the voting process.

The scrutinizer's report, submitted by Sumit Khanna of M/s SARK & Associates LLP, confirmed the passing of the resolution. The report noted that there were no invalid votes recorded during the process. The detailed voting results were submitted to BSE Limited on July 23, 2026.

Voting Results Summary