Creative Castings Limited shareholders approved a final dividend of ₹12.50 per equity share for FY26 at the company's 41st Annual General Meeting held on September 26, 2026. The payout, representing 125% of the face value of ₹10 per share, was ratified alongside the re-appointment of key directors and the adoption of financial statements.

The voting results, disclosed pursuant to Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, indicate overwhelming support for ordinary resolutions. Votes in favour exceeded 99.99% for the adoption of FY26 financial statements, dividend declaration, and director re-appointment. Special resolutions regarding director remuneration also passed with over 99.98% support from valid votes cast.

Voting participation and structure

The meeting was held physically at 102, GIDC Phase II, Rajkot Road, Dolatpara, Junagadh, Gujarat. Out of 2,001 shareholders on the record date (September 19, 2026), 19 members attended in person or through proxy. Promoters and promoter group members accounted for 11 attendees, while public shareholders numbered 8. No shareholders attended via Video Conferencing.

The voting was conducted through a poll using ballot papers for those present and remote e-voting via CDSL for others. The remote e-voting period ran from September 22, 2026, to September 25, 2026.

Detailed voting results by category

The following table breaks down the voting results across Promoter Group, Public Institutions, and Public Non-Institutions for key resolutions:

For the related party transaction resolution, promoters abstained from voting as required by Regulation 23(4). Consequently, only public non-institutional shareholders voted on this item, with 12 members holding 4,25,979 shares abstaining.

Key resolutions approved

The shareholders considered and adopted the audited financial statements for FY26 along with the reports of the Board of Directors and the Auditors. The Statutory Auditor's Report contained an unmodified opinion with no qualifications or adverse remarks.

The following ordinary business items were transacted:

• Adoption of audited financial statements for FY26.
• Declaration of a final dividend of ₹12.50 per equity share.
• Re-appointment of Mr. Jignesh Shashikant Thanki (DIN: 00146168) as a Director retiring by rotation.

Details on Director Re-appointment

Mr. Jignesh Shashikant Thanki was re-appointed as a Non-Executive Director, liable to retire by rotation, effective September 26, 2026. He holds a Bachelor of Engineering (Mechanical) degree and possesses around 31 years of experience in engineering and technology. Mr. Thanki contributes to the Board's deliberations on technical and operational matters and is not related to any other Director of the Company.

Special business and related party transactions

The AGM also addressed special business matters requiring shareholder approval. These included the approval of remuneration for Managing Director Mr. Rajan Ramniklal Bambhania and Whole-time Director Mr. Siddharth Vallabhbhai Vaishnav for the period from April 1, 2027, to March 31, 2029.

Additionally, members approved material related party transactions with Specmac Techno Private Limited for availing job-work services during FY27. The aggregate maximum amount for these transactions was set at ₹9.65 crore, exclusive of GST.

What the Numbers Show

The voting data reveals a significant divergence in shareholder engagement between standard corporate actions and related party transactions. While ordinary and special resolutions regarding financials and remuneration garnered near-unanimous support from the total voting pool (over 4.26 lakh shares), the related party transaction resolution had a much smaller active voter base of just 600 shares due to mandatory abstentions by promoters and related entities. This highlights the concentrated ownership structure where non-related minority shareholders hold a negligible fraction of the voting power for specific conflicted transactions.

Creative Castings has reported a 20.43% year-on-year increase in profit after tax (PAT) to ₹437.05 lakh for FY26, driven by an 11.69% rise in total income to ₹4,985.28 lakh. The company has scheduled its 41st Annual General Meeting (AGM) for September 26, 2026, to approve a final dividend of ₹12.50 per share and authorize a material related-party transaction ceiling of ₹9.65 crore with Specmac Techno Private Limited.

The Board recommended the dividend payout at its meeting on August 1, 2026. Shareholders on record as of September 19, 2026, will be eligible for the distribution, with payments expected by October 25, 2026. The proposed dividend entails an aggregate outflow of ₹162.50 lakh, representing approximately 37.18% of the PAT for FY25–26.

Financial Performance

During FY25–26, revenue from operations increased to ₹4,827.51 lakh from ₹4,351.35 lakh in the preceding year. Profit before tax (PBT) rose to ₹628.51 lakh from ₹531.89 lakh. Total tax expense amounted to ₹191.46 lakh, compared with ₹168.97 lakh in FY24–25.

Note: Previous year dividend data inferred from context of 'final dividend' history if available, otherwise omitted. Source indicates FY25 PAT was ₹362.92 lakh.

Executive Remuneration Approval

The AGM agenda includes special resolutions to approve the remuneration for Mr. Rajan Ramniklal Bambhania (Managing Director) and Mr. Siddharth Vallabhbhai Vaishnav (Whole-time Director) for the period from April 1, 2027, to March 31, 2029. Both executives are promoters of the company.

The proposed remuneration structure maintains an annual ceiling of ₹40,00,000 for each financial year. The basic salary is set at ₹1,95,000 per month for FY27–28, increasing to ₹2,05,000 per month for FY28–29. This compensation package includes a 20% annual bonus on basic salary, privilege leave salary, employer contributions to the National Pension System, and other statutory benefits.

Related-Party Transaction Ceiling

A significant item on the agenda is the approval of a material related-party transaction with Specmac Techno Private Limited. Creative Castings seeks omnibus approval to avail job-work services from Specmac up to an aggregate value of ₹9,65,00,000 during FY26–27. This ceiling represents approximately 19.99% of the company’s FY25–26 revenue from operations of ₹4,827.51 lakh, crossing the SEBI Listing Regulations materiality threshold of ₹4,82,75,100.

Specmac is a related party due to common promoter and director interests. During FY25–26, transactions with Specmac totaled ₹4,32,15,155.20. As of June 30, 2026, the company had already availed job-work services worth ₹1,09,36,236 under existing approvals. The Audit Committee and Board approved the enhanced limit on August 1, 2026, citing operational continuity, proximity, and established quality performance as key justifications.

What the Numbers Show

The proposed related-party transaction ceiling indicates a strategic reliance on Specmac for manufacturing support. The limit of ₹9.65 crore for FY26–27 is more than double the actual spend of ₹4.32 crore in FY25–26, suggesting anticipated growth in outsourced job-work requirements or capacity utilization shifts. With Specmac’s own FY25–26 turnover reported at ₹4,69,21,151, the proposed ceiling represents over 205% of Specmac’s annual revenue, highlighting the significant volume of work Creative Castings intends to channel through this related entity.

Meeting Logistics

The physical meeting will be held at the company’s registered office in Junagadh, Gujarat. Remote e-voting facilities are available via CDSL from September 22 to September 25, 2026. Members holding shares as of the cut-off date can cast their votes electronically or attend the physical meeting to vote by ballot.