Delton Cables Limited has approved the re-appointment of Mr. Abhishek Poddar as an Independent Director for a second term of five years, effective from September 2, 2027. This decision was ratified during the company's 61st Annual General Meeting held on September 29, 2026.

The meeting also saw the adoption of audited financial statements for FY26 and the declaration of a final dividend of ₹2 per equity share. The Board of Directors' report and auditor's report were taken as read, with no qualifications or adverse remarks noted by either the statutory or secretarial auditors.

Voting outcomes and participation

The company disclosed detailed voting results pursuant to SEBI Listing Regulations. A total of 10,099 shareholders were on record, with 76 public shareholders and 4 promoter group members participating through Video Conferencing. No physical attendance was recorded as the meeting was held virtually.

All seven resolutions passed with requisite majorities. The adoption of financial statements and the declaration of the final dividend received overwhelming support, with 99.99% of votes polled in favour. Notably, only 134 votes were cast against these core ordinary resolutions out of 6,806,786 votes polled.

Governance and appointments

Mrs. Shalini Gupta retired by rotation and was reappointed as a director. The shareholders approved the re-appointment of Mr. Abhishek Poddar as a Non-Executive Independent Director through a special resolution. His tenure will extend up to September 1, 2032, or until the conclusion of the AGM in calendar year 2032, whichever is earlier. Mr. Poddar is not debarred from holding office by any regulatory authority.

Additionally, the company ratified the remuneration of cost auditors for the financial year 2026-27. Two individuals were appointed to hold office or place of profit: Mrs. Shriya Gupta and Ms. Isha Gupta. These appointments were approved via ordinary resolutions. The voting data reveals that while these appointments passed, they faced slightly higher dissent from public non-institutional shareholders compared to other items, with approximately 1.5% of votes cast against them.

Voting mechanics and scrutiny

The voting process included remote e-voting and e-voting during the meeting, supervised by Scrutinizer S. P. Ranjan, a practicing company secretary. The facility remained open for 15 minutes post-meeting to allow final vote casting. Results and the scrutinizer's report are scheduled for publication on the company website and the depository participant's platform within two working days.

The scrutinizer's report confirmed that no invalid votes were recorded for most resolutions, except for specific instances in the promoter category where certain votes were deemed invalid due to interest conflicts in related-party appointments. However, this did not impact the overall passage of the resolutions given the overwhelming support from the remaining shareholder base.

Delton Cables has scheduled its 61st Annual General Meeting for Tuesday, September 29, 2026. The meeting will be held at 12:00 noon via Video Conferencing or Other Audio Visual Means in compliance with Ministry of Corporate Affairs circulars.

The Board has recommended a final dividend of ₹2 per equity share, representing a 20% payout on the face value of ₹10. This recommendation is subject to shareholder approval at the upcoming meeting. The record date for determining dividend eligibility is fixed as September 22, 2026.

Financial Performance Overview

For the financial year ended March 31, 2026, the company reported revenue from operations of ₹98,637.99 lakh, a significant increase from ₹70,926.41 lakh in the previous year. Net profit for the period stood at ₹1,472.04 lakh, compared to ₹2,051.00 lakh in FY25.

The decline in net profit despite robust top-line growth reflects higher operational expenses and finance costs associated with capacity expansion. Total income rose to ₹98,878.54 lakh, while total expenditure increased to ₹96,891.47 lakh.

What the Numbers Show

Revenue growth outpaced expenditure growth by a narrow margin, resulting in a slight expansion of pre-tax profits before exceptional items. Profit before exceptional items and tax rose to ₹1,987.07 lakh from ₹1,834.69 lakh. However, exceptional items contributed only ₹22.62 lakh in FY26, down significantly from ₹1,026.85 lakh in the prior year, which included a one-time enhanced compensation receipt. This shift highlights a normalization of earnings quality without reliance on large non-recurring gains.

Governance and Appointments

The AGM agenda includes several key governance resolutions:

• Reappointment of Mrs. Shalini Gupta as a Director retiring by rotation.
• Ratification of remuneration for Cost Auditors M/s. MM & Associates for FY27, set at ₹4.50 lakh plus taxes.
• Reappointment of Mr. Abhishek Poddar as a Non-Executive Independent Director for a second five-year term.
• Approval for Mrs. Shriya Gupta and Ms. Isha Gupta to hold offices of profit as Vice Presidents, with remuneration capped at ₹7.50 lakh per month.

Remote e-voting will commence on Saturday, September 26, 2026, at 10:00 am and conclude on Monday, September 28, 2026, at 5:00 pm. Shareholders holding shares as of the cut-off date are eligible to vote electronically.

Shareholder Communication and KYC Updates

In compliance with Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, Delton Cables has sent letters to shareholders whose email addresses are not registered with the Company, RTA, or Depository Participants. These letters provide a weblink and QR code to access the Annual Report for FY26.

The company also reminded shareholders that updating PAN, contact details, and nomination information is mandatory under SEBI guidelines. For folios where KYC details are not updated, any payment including dividends will only be made electronically upon furnishing the required information. The Registrar & Share Transfer Agent, Beetal Financial & Computer Services Pvt Ltd., handles these updates.