Coromandel Agro Products and Oils Limited shareholders approved a final dividend of ₹1.50 per equity share during the company’s 50th Annual General Meeting (AGM) held on August 8, 2026. The resolution passed by ordinary vote confirms the distribution of dividends representing 15% of the face value of ₹10 per share for the financial year ended March 31, 2026. This payout serves as a direct return to investors following the conclusion of the fiscal year.

The meeting was conducted in compliance with Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It took place at the company’s factory premises in Jandrapeta, Andhra Pradesh, starting at 11:30 AM and concluding at 1:45 PM. Sixteen members were present as per the attendance register, satisfying the quorum requirements under the Companies Act, 2013. All directors were present in attendance.

Sri Maddi Venkateswara Rao chaired the proceedings, providing an overview of developments in the edible oil industry and the company’s financial performance for FY26. He confirmed that the statutory auditor’s report contained no qualifications, observations, or comments that would adversely affect the functioning of the company. The statutory registers and other documents mentioned in the AGM notice were made available for inspection by members during the meeting.

Voting was conducted through a combination of remote e-voting and physical poll. E-voting commenced at 9:00 AM on August 5, 2026, and concluded at 5:00 PM on August 7, 2026, pursuant to Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014. Mr. K. Srinivasa Rao, Partner of K. Srinivasa Rao & Co., Company Secretaries, was appointed as the scrutinizer to conduct the poll and declare the results. The combined results of e-voting and the poll are to be declared within 48 hours and uploaded to the company’s website and submitted to the Bombay Stock Exchange.

Resolutions Passed

The shareholders voted on four resolutions during the AGM. The details of the business transacted are outlined below:

Mr. CA E. Sri Ranganath, the statutory auditor, read the auditors’ report on the financial statements for FY26. Ms. Radha Rani Singhal, Company Secretary and Compliance Officer, read the Board’s Report and the Secretarial Audit Report for the financial year. The Chairman thanked the members for their participation before formally closing the meeting.

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.