DDev Plastiks Industries Limited shareholders approved a final dividend of ₹1.25 per equity share for FY26 during the company's 06th Annual General Meeting held on September 26, 2026. The record date for determining eligible shareholders is September 19, 2026.

The payout, representing a 125% return on the face value of ₹1 per share, will be credited electronically to members within 30 days of declaration, i.e., by October 25, 2026. This follows the earlier interim dividend of ₹0.50 per share paid during the year, bringing the total annual dividend to ₹1.75 per share.

Dividend and Financial Approvals

The Board recommended the final dividend for the financial year ended March 31, 2026. The meeting, conducted via Video Conferencing from the registered office in Kolkata, saw the approval of the total dividend declaration along with other statutory matters.

Strategic Focus: BESS and Bhiwadi Unit

During the Q&A session, shareholder inquiries primarily focused on the operational roadmap for the company's Battery Energy Storage System (BESS) operations. The management also addressed questions regarding the growth prospects of the Bhiwadi Unit and strategies to mitigate supply chain disruptions arising from geopolitical uncertainties.

The company reported that 40 members registered as speakers for the meeting. While some did not join, those who participated received satisfactory responses from the management team regarding these strategic initiatives.

Governance and Attendance

The meeting was attended by 86 members holding 82,372,420 equity shares, constituting 79.60% of the paid-up capital. Promoter and promoter group members held 74.99% of the voting power present at the meeting.

Key directors present included:

• Narrindra Suranna, Chairman & Managing Director
• Ddev Surana, Whole Time Director & CEO
• Rajesh Kothari, Whole Time Director
• Independent Directors Samir Kumar Dutta, Mamta Binani, and Rajni Mishra

Ordinary resolutions passed included the adoption of audited financial statements, re-appointment of Mr. Kothari as Director, and the re-appointment of M/s B. Mukherjee & Co. as Statutory Auditors. Special business items approved included the remuneration for Cost Auditors for FY27 and the appointment of Mrs. Rajni Mishra as Non-Executive Independent Director.

Voting Results and Scrutinizer Report

Practising Company Secretary Mr. Ashok Kumar Daga submitted his scrutinizer report on September 28, 2026, confirming that all six resolutions were passed with requisite majority. The voting process utilized remote e-voting via NSDL from September 23 to September 25, 2026, alongside e-voting during the AGM.

The detailed voting breakdown for key resolutions is as follows:

The resolution for the re-appointment of Director Rajesh Kothari saw the highest dissent among public shareholders, with 210,581 votes cast against, compared to roughly 38,000 against other routine resolutions. The statutory auditor, M/s B. Mukherjee & Co., was re-appointed for a second term of five years, effective from the conclusion of this AGM until the 11th AGM.

Board Composition Updates

The shareholders formally approved the change in designation of Mrs. Rajni Mishra from Additional Director to Non-Executive Independent Director, regularising her appointment with effect from August 10, 2026. She has been appointed for a term of five consecutive years and is not liable to retirement by rotation. Mrs. Mishra holds a Master's degree in Human Resource Management and over a decade of corporate experience in governance and compliance. She currently serves on the boards of Shyam Metallics and Energy Limited, Western Carriers (India) Limited, Alpine Commercial Co. Limited, Swastik Plywood Limited, and Kkalpana Industries (India) Limited.

Additionally, the re-appointment of M/s B. Mukherjee & Co. as Statutory Auditors was confirmed for a second term of five years. The firm, established in 1954, will conduct the statutory audit for FY27 at a remuneration of ₹3.25 lakh plus applicable taxes and expenses.

Ddev Plastiks Industries has scheduled its sixth Annual General Meeting (AGM) for September 26, 2026. The company confirmed the record date for the recommended final dividend of ₹1.25 per equity share. The Board approved this payout during its May 25, 2026 meeting.

The AGM will be conducted via Video Conferencing or Other Audio Visual Means (OAVM) starting at 11:30 am. Shareholders on record as of September 19, 2026, are eligible to vote and receive the dividend if approved. The register of members and share transfer books will remain closed from September 20, 2026, to September 26, 2026.

Key Dates and Details

Remote e-voting will commence at 9:00 am on September 23, 2026, and conclude at 5:00 pm on September 25, 2026. Voting results will be declared on or before September 29, 2026.

Board Appointments and Re-appointments

The AGM agenda includes the re-appointment of Mr. Rajesh Kothari (DIN: 02168932) as Whole-Time Director. He retires by rotation and offers himself for re-appointment. Mr. Kothari’s remuneration for FY26 was ₹70 lakhs per annum. He has served since March 28, 2022.

Additionally, shareholders will vote on the appointment of Mrs. Rajni Mishra (DIN: 07706571) as a Non-Executive Independent Director. She was appointed as an Additional Director on August 10, 2026, following the resignation of Mrs. Ramya Hraiharan. Mrs. Mishra will serve a five-year term until August 9, 2031, and will receive sitting fees of ₹15,000 per meeting.

Auditor and Cost Auditor Approvals

The meeting will also see the re-appointment of M/s B. Mukherjee & Co. as Statutory Auditors for a second five-year term. The proposed statutory audit fee for FY27 is ₹3.25 lakhs plus taxes and out-of-pocket expenses. Total fees paid in FY26 were ₹5.25 lakhs, including tax audit and certification fees.

Furthermore, the board seeks ratification of remuneration for M/s D. Sabyasachi & Co. as Cost Auditors for FY27. The approved fee is ₹30,000 plus applicable taxes and expenses.

Tax Deduction at Source (TDS)

Dividends are taxable in the hands of shareholders under the Income Tax Act, 2025. The company will withhold TDS based on shareholder status. Shareholders must submit required tax documents by September 19, 2026.

For Resident Shareholders

• Nil TDS: If total dividend is up to ₹10,000 or if Form 121 is submitted with valid PAN.
• 10% TDS: For residents providing a valid PAN linked to Aadhaar.
• 20% TDS: If PAN is invalid, inoperative, or not provided.

For Non-Resident Shareholders

• DTAA Rates: Applicable if valid Tax Residency Certificate (TRC) and Form 41 are submitted.
• 20% TDS: Plus surcharge and cess if DTAA benefits are not claimed or documents are missing.
• 30% TDS: For residents of Notified Jurisdictional Areas.

Shareholder Compliance

Shareholders holding securities in physical mode or escrow accounts must update KYC details with MUFG Intime India Private Limited. This includes PAN, address, mobile number, bank account details, and nomination choices. Dividend payments may be withheld until details are updated. Members with demat accounts can update email addresses through Depository Participants. Failure to update bank details will result in non-payment, as all payouts must now be made electronically.