Cosmo First Limited shareholders approved a dividend of ₹4 per equity share and ratified key board appointments at its 49th Annual General Meeting held on August 05, 2026. The meeting, conducted via video conferencing under SEBI Listing Regulations, also addressed governance matters including the adoption of financial statements for the fiscal year ended March 31, 2026, and remuneration policies for directors. While promoter group support ensured the passage of all eight resolutions, institutional investors voiced dissent on specific governance safeguards related to director pay in scenarios of inadequate profit.

The meeting was chaired by Ashok Jaipuria, Chairman, who outlined the company’s growth outlook and operational performance. Sanjeev Aggarwal, Partner at B. K. Shroff & Co., Chartered Accountants, served as the scrutinizer for the e-voting process, ensuring compliance with Section 108 and 109 of the Companies Act, 2013, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The record date for voting rights was July 29, 2026, with remote e-voting available from August 02 to August 04, 2026.

Voting Results and Key Resolutions

Shareholders cast votes on eight resolutions, covering ordinary business such as financial statement adoption and dividend declaration, as well as special business regarding director appointments and remuneration frameworks. All resolutions passed with the requisite majority.

Shareholder Participation and Dissent

The company reported a total issued share capital of 26,249,727 shares eligible for voting. Of these, 12,806,112 votes were polled, representing a participation rate of approximately 48.79%. The promoter and promoter group held 10,705,616 shares and voted in favor of all resolutions. Public non-institutional shareholders held 14,450,612 shares, with 1,600,835 votes polled.

Notable dissent emerged from public institutional shareholders regarding the reappointment of Ms. Yamini Kumar and the approval of managerial remuneration in cases of no or inadequate profit. Institutions voted against the reappointment of Ms. Kumar with 59.91% opposition and against the managerial remuneration safeguard with 60.92% opposition. However, strong support from promoters and public non-institutional investors secured the passage of these items.

Governance and Compliance Notes

The scrutinizer’s report highlighted that 291,572 shares held by the Cosmo Films ESOP 2015 Trust were treated as non-promoter, non-public holding with no voting rights. Additionally, 284,279 shares transferred to the Investors Education and Protection Fund and 275 shares in the Unclaimed Suspense Account were excluded from voting due to lapsed rights. The voting process was unblocked in the presence of independent witnesses Shashwat Purwar and Gagan, ensuring transparency in the final tally.

Cosmo First Limited has fixed Wednesday, July 22, 2026, as the record date to determine shareholder eligibility for a final dividend of ₹4 per equity share of ₹10 each for the financial year 2025-26. The payout is subject to shareholder approval at the 49th Annual General Meeting scheduled for August 5, 2026. If approved, the dividend will be paid on or before September 4, 2026, to members whose names appear on the Register of Members or as beneficial owners on the record date.

Tax Deducted at Source

The company has outlined the Tax Deducted at Source (TDS) rates applicable to resident and non-resident shareholders, which vary based on residential status and the submission of specific declarations. For resident individual shareholders, no tax will be deducted if the total dividend income during FY 2026-27 does not exceed ₹10,000. For other resident shareholders, the standard TDS rate is 10% if a valid PAN is available; this rate rises to 20% if the PAN is invalid or not linked to Aadhaar where required.

Non-resident shareholders face a base withholding tax rate of 20% plus applicable surcharge and cess, unless a beneficial Double Taxation Avoidance Agreement (DTAA) rate applies. To claim treaty benefits, shareholders must submit a Tax Residency Certificate valid for FY 2026-27, Form 41, and a self-declaration confirming beneficial ownership and the absence of a Permanent Establishment in India.

Documentation and Compliance

Shareholders must submit all necessary documents, including PAN copies, TRCs, and declarations, to the company or its Registrar and Transfer Agent by Friday, July 24, 2026, to ensure the correct TDS rate is applied. Documents should be emailed to dividendhelp@cosmofilms.com . The company reserves the right to deduct tax at a higher rate if documents are incomplete or discrepancies are found. Additionally, shareholders holding shares in physical form must ensure their bank details, PAN, and contact information are updated to facilitate electronic payment, as mandated by SEBI regulations effective April 1, 2024.

E-Voting and AGM Details

The company is providing a Remote E-Voting facility to all shareholders. The remote e-voting period begins on Sunday, August 2, 2026, at 09:00 A.M. and ends on Tuesday, August 4, 2026, at 5:00 P.M. Shareholders may cast their vote electronically during this period. The cut-off date for e-voting is Wednesday, July 29, 2026. The AGM will be held through Video Conferencing (VC) or Other Audio Visual Means (OAVM).