Coromandel Agro Products and Oils Limited shareholders unanimously approved all four resolutions at the company’s 50th Annual General Meeting (AGM) held on August 8, 2026. The final voting results, submitted to the Bombay Stock Exchange under Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, show 100% support for the declaration of a final dividend of ₹1.50 per equity share. This outcome confirms strong investor confidence in the company’s financial strategy for FY26.

The meeting was conducted at the company’s factory premises in Jandrapeta, Andhra Pradesh, from 11:30 AM to 1:45 PM. Sixteen members were present, representing 96 total shareholders on the record date of August 1, 2026. Voting was conducted exclusively through a physical poll at the venue, as no remote e-voting or video conferencing participation was recorded. CS K. Srinivasa Rao of K. Srinivasa Rao & Co., Company Secretaries, served as the scrutinizer and issued the combined report on August 8, 2026.

Resolutions Passed

All resolutions received unanimous approval from the 644,727 votes polled, which accounted for 81.61% of the outstanding shares. There were zero invalid votes and zero votes against any resolution.

Mr. Meadem Sekhar, who retires by rotation, was re-appointed as a director. The shareholders also ratified the remuneration of the cost auditors for the financial year ending March 31, 2027. The adoption of the audited standalone financial statements for FY26, along with the Board and Auditor reports, was approved without dissent.

Voting Participation Breakdown

The voting data reveals significant participation from promoter groups compared to public shareholders. Promoters and the promoter group held 576,936 shares and cast 552,216 votes, resulting in a 95.72% turnout rate. In contrast, public non-institutional shareholders held 149,815 shares but cast only 78,825 votes, reflecting a 52.61% turnout. Public institutional shareholders had a 21.64% turnout rate, casting 13,686 votes against their holding of 63,249 shares.

Sri Maddi Venkateswara Rao chaired the meeting, providing an overview of the edible oil industry developments and the company’s performance. CA E. Sri Ranganath, the statutory auditor, presented the auditors’ report, which contained no qualifications. Ms. Radha Rani Singhal, Company Secretary and Compliance Officer, read the Board’s Report and the Secretarial Audit Report. The electronic data related to the voting process is being preserved by the scrutinizer for safe custody after the minutes are signed.

Coromandel Agro Products and Oils Ltd has scheduled its 50th Annual General Meeting (AGM) for August 8, 2026, at 11.30 A.M. at its premises in Jandrapeta, Chirala Mandal, Bapatla District, Andhra Pradesh. The meeting will transact business including the adoption of financial statements for the year ended March 31, 2026, the re-appointment of a director, and the declaration of a final dividend. The Board has recommended a final dividend of ₹1.50 per equity share, amounting to a total outflow of ₹11.85 lakh, subject to shareholder approval.

Financial and Operational Performance

For the financial year ended March 31, 2026, the company reported a net profit of ₹310.31 lakh, a decrease from ₹376.48 lakh in the previous year. Revenue from operations declined to ₹10,632.84 lakh from ₹15,913.66 lakh in FY25. The company processed 27,056 MT of cottonseed during the year, compared to 47,757 MT in the previous year, due to lower crop availability and adverse weather conditions. Cottonseed procurement prices increased to an average of ₹30,425 per MT during the year from ₹27,530 per MT in the previous year.

AGM and Voting Details

The Register of Members and Share Transfer Books will remain closed from August 2, 2026, to August 8, 2026. The record date for determining eligibility for the dividend is August 1, 2026. The company has provided a remote e-voting facility through Big Share Services Pvt. Ltd., with the e-voting period commencing on August 5, 2026, at 09.00 A.M. and ending on August 7, 2026, at 05.00 P.M. Members holding shares in physical or dematerialized form as on the cut-off date of August 1, 2026, are eligible to vote. Mr. K. Srinivasa Rao, Partner of M/s. K. Srinivasa Rao & Co., has been appointed as the scrutinizer for the e-voting process.