DAPS Advertising Limited passed all 8 resolutions at its 27th Annual General Meeting held on September 19, 2026, in Kanpur, Uttar Pradesh, with 100% votes in favour across every item.

The meeting was held at The Pristine Hotel, 111/18 A, GT Rd, Harsh Nagar, Kanpur, and commenced at 1:00 pm, concluding at 5:00 pm. The record date for voting entitlement was September 12, 2026. A total of 206 shareholders were on record as of that date, with 10 promoter and promoter group members present in person at the meeting and none attending via video conferencing. No public shareholders participated.

AGM resolutions and voting outcomes

All 8 ordinary resolutions were passed by requisite majority. The consolidated scrutinizer's report, issued by HKS & Associates LLP on September 21, 2026, confirmed that 0 members cast votes through remote e-voting, while 10 members voted through ballot at the AGM. The following table summarises the outcome of each resolution:

Board reappointments and designations

Members approved the reappointment of directors retiring by rotation under Section 152(6) of the Companies Act, 2013. Akhilesh Chaturvedi and Srishti Chaturvedi were reappointed to the board. Srishti Chaturvedi's designation was confirmed as changed from non-executive director to executive director, effective April 1, 2026. She is a qualified Chartered Accountant and Company Secretary, has served the company as a director since 2018, holds experience in the advertising industry, and has prior working experience at Deloitte. She is the daughter of Dharmesh Chaturvedi.

Remuneration was also fixed for Akhilesh Chaturvedi as Chairman cum Wholetime Director, for Dharmesh Chaturvedi as Managing Director, and for Paresh Chaturvedi as Wholetime Director. Paresh Chaturvedi chaired the meeting.

Voting process and scrutinizer details

Remote e-voting was open from 9:00 am on September 15, 2026, to 5:00 pm on September 18, 2026, through Central Depository Services (India) Limited. Members who did not vote remotely used polling papers during the meeting. HKS & Associates LLP, represented by CS Hemant Kumar Sajnani (FCS No. 7348), served as scrutinizer, having been appointed by the Board on August 18, 2026. The scrutinizer's report was issued on September 21, 2026, and the voting results were filed with BSE Limited on September 22, 2026. The results are available on the company website, CDSL, and stock exchange portals.

The audited financial statements for FY26, along with the reports of the Board of Directors and Auditors, were taken as read and adopted by the members.

DAPS Advertising reported a 16% year-on-year rise in revenue from operations to ₹221.7 crore for the financial year ended March 31, 2026. Net profit after tax increased 14% to ₹13.5 crore, driven by growth in its outdoor media portfolio and sustained print media demand.

Financial Performance

The Kanpur-based advertising agency saw total income reach ₹227.1 crore, up from ₹195.9 crore in the previous fiscal year. Other income contributed ₹54.4 lakh, primarily from interest on bank deposits and loans. Total expenses rose to ₹209.0 crore, reflecting higher cost of services which stood at ₹180.4 crore against revenue growth.

Segment Growth

Print media remained the dominant revenue contributor, accounting for 73.69% of total sales at ₹16.33 crore. This segment grew by 0.57% year-on-year, supported by long-term legacy clients and government statutory advertisements. Outdoor media, including Digital Out-of-Home (DOOH) solutions, expanded by 11.19% to ₹4.98 crore, representing 22.48% of the top line. Electronic media contributed a marginal 3.83%.

Balance Sheet Signals

Short-term borrowings surged significantly to ₹141.4 crore from ₹5.7 crore in FY25, driven by the utilization of an overdraft facility for working capital requirements. Consequently, the debt-equity ratio rose sharply to 0.08% from 0.01%. Despite this, the company maintained a strong current ratio of 3.45 times, supported by cash and cash equivalents of ₹98.2 crore and trade receivables of ₹94.7 crore.

What the Numbers Show

While operational revenue grew steadily, the company's profitability structure reveals a heavy reliance on non-operating income relative to its small workforce. With only nine permanent employees excluding key managerial personnel, director remuneration alone accounted for ₹108 lakh—representing over 79% of the net profit after tax. This concentration highlights that the bottom line is disproportionately sensitive to management compensation levels compared to broader operational leverage.

Dividend and AGM

The Board of Directors recommended a final dividend of ₹0.25 per equity share, amounting to approximately ₹12.9 lakh in total payout. The 27th Annual General Meeting is scheduled for September 19, 2026, in Kanpur. Shareholders on record as of September 12, 2026, will be eligible for the dividend. The meeting will also address the reappointment of directors and changes in designation for Ms. Srishti Chaturvedi.