Cravatex Limited shareholders have approved a final dividend of ₹13 per equity share, representing a 130% payout for the financial year ended March 31, 2026, alongside the reappointment of Director Rajesh Batra. The decisions were ratified at the company’s 74th Annual General Meeting (AGM) held on July 31, 2026, with all three ordinary resolutions securing overwhelming support from voting shareholders.

The meeting was conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM) in compliance with Ministry of Corporate Affairs (MCA) circulars and Securities and Exchange Board of India (SEBI) regulations. Voting was facilitated by National Securities Depositories Limited (NSDL), with remote e-voting open from July 28 to July 30, 2026. Hemanshu Kapadia & Associates served as the scrutinizer for the process.

Voting Results Overview

A total of 2,037,204 votes were polled out of 2,584,160 shares held by eligible shareholders as of the record date, July 24, 2026. This represents a participation rate of 78.83% among those entitled to vote. Promoter and promoter group entities held 1,938,120 shares and voted in favor of all resolutions, while public non-institutional shareholders held 646,040 shares.

Key Resolutions Passed

The first resolution concerned the adoption of the audited financial statements for FY26, including the balance sheet, statement of profit and loss, and cash flow statement, along with the reports of the Board of Directors and auditors. This resolution passed with 99.70% affirmative votes.

The second resolution authorized the declaration of the final dividend. The ₹13 per share payout is significant for income-focused investors, marking a substantial return on capital for the fiscal year. No promoter interest was declared in this agenda item.

The third resolution involved the reappointment of Mr. Rajesh Batra (DIN 00020764), who retired by rotation and offered himself for re-election. The Board recommended his reappointment, which was approved by the shareholders with identical voting patterns to the other resolutions.

Compliance and Scrutiny

The voting process adhered to Section 108 of the Companies Act, 2013, Rule 20 of the Companies (Management and Administration) Rules, 2014, and Secretarial Standard-2 (SS-2) issued by the Institute of Company Secretaries of India. The scrutinizer confirmed that votes were unblocked in the presence of two independent witnesses, Ms. Preeti Bhangle and Ms. Diksha Gupta, ensuring procedural integrity. The notice for the AGM was dispatched on July 1, 2026, following the MCA circular dated September 22, 2025.

Cravatex Limited has scheduled its 74th Annual General Meeting (AGM) for Friday, July 31, 2026, at 3:30 p.m. IST via Video Conferencing (VC) and Other Audio Visual Means (OAVM). The meeting will be held to transact business mentioned in the notice dated May 15, 2026. The Board has recommended a final dividend of ₹13 per equity share, representing 130%, subject to shareholder approval. The record date for determining eligibility for the dividend is Friday, July 24, 2026.

The Register of Members and Share Transfer Books will remain closed from Saturday, July 25, 2026, to Friday, July 31, 2026, for the purpose of the AGM and dividend payment. The venue of the meeting shall be deemed to be the registered office of the company. Members participating through VC/OAVM shall be reckoned for the purpose of quorum, and the facility for appointment of proxies will not be available.

E-voting and Scrutinizer Details

In compliance with SEBI (LODR) Regulations, the company has provided remote e-voting facilities through NSDL. The remote e-voting period commences on Tuesday, July 28, 2026, at 9:00 a.m. IST and concludes on Thursday, July 30, 2026, at 5:00 p.m. IST. The cut-off date for e-voting is Friday, July 24, 2026. Members who have not cast their vote remotely may vote through the e-voting system during the AGM.

The Board has appointed Mr. Hemanshu Kapadia, Proprietor of M/s. Hemanshu Kapadia & Associates, Practising Company Secretaries, as the Scrutinizer to ensure a fair and transparent e-voting process. The results of the remote e-voting and votes cast during the AGM will be declared within two working days of the meeting's conclusion and will be available on the company's website and NSDL's portal.

Compliance and Communication

The dissemination of the AGM notice and Annual Report for FY26 was completed by July 1, 2026, via electronic mode. Members are requested to ensure their email IDs are registered with their Depository Participants or the Registrar & Share Transfer Agents, M/s. MUFG Intime India Pvt. Ltd., to receive electronic communications. SEBI mandates require physical shareholders to update KYC details, including PAN and bank account information, to receive dividend payments electronically.