Dharmaj Crop Guard Limited shareholders unanimously approved all six resolutions presented at its 12th Annual General Meeting (AGM), held virtually on September 24, 2026. The meeting, conducted via Video Conferencing/Other Audio Visual Means (VC/OAVM), saw a voting turnout of 73.73% of outstanding shares.

The resolutions covered routine business, including the adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026, as well as special business items such as director appointments and remuneration ratifications. The meeting commenced at 11:30 am and concluded at 11:55 am.

Voting participation and turnout

The company reported that out of 25,903 shareholders on the record date (September 17, 2026), a significant portion participated through remote e-voting or during the meeting. The total number of shares voted across all categories was 24,920,405, representing 73.73% of the total outstanding shares of 33,797,296.

Resolutions passed

All six resolutions were passed with overwhelming support from promoters and institutional investors. Dissenting votes were minimal, primarily recorded among public non-institutional shareholders.

Ordinary business

1. Adoption of Financial Statements: Shareholders approved the audited standalone and consolidated financial statements for FY26, along with Board and Auditor reports. The resolution received 99.99% votes in favour.
2. Director Re-appointment: Mr. Rameshbhai R Talavia was re-appointed as a Director retiring by rotation. This resolution also secured 99.99% votes in favour.

Special business

3. Cost Auditor Remuneration: The remuneration payable to Cost Auditors for FY27 was ratified with 99.99% votes in favour.
4. Independent Director Appointment: Mrs. Megha Joshi was appointed as an Independent Director. The special resolution passed with 99.99% votes in favour.
5. Whole-Time Director Re-appointments: Both Mr. Jamankumar H. Talavia and Mr. Jagdish R. Savaliya were re-appointed as Whole-Time Directors. These special resolutions also passed with 99.99% votes in favour.

What the numbers show

A distinct pattern emerges when analyzing the voting behavior by shareholder category. While Promoters and Public Institutions voted unanimously in favour of all resolutions (0 dissenting votes), dissent was exclusively observed within the Public Non-Institutional segment. For the first resolution (adoption of financials), 2,750 votes were cast against by non-institutional public shareholders, representing 0.46% of their polled votes. For subsequent resolutions regarding director appointments and auditor remuneration, dissenting votes rose slightly to 2,780, indicating a consistent, albeit minor, level of disagreement among retail investors regarding management decisions.

Dharmaj Crop Guard Limited reported its highest-ever revenue of ₹11,380 million for the financial year ended March 31, 2026. The agrochemical company disclosed these figures during its 12th Annual General Meeting held via video conferencing on September 24, 2026.

The company achieved a Profit After Tax (PAT) of ₹547 million and an EBITDA of approximately ₹1,005 million for FY26. Chairman Rameshbhai Ravajibhai Talavia highlighted growth across Formulations, Exports, and Active Ingredients segments. He specifically noted the achievement of break-even at the Saykha facility as a key operational milestone.

Strategic outlook and director appointments

The management reiterated its vision to transform into a ₹2,000 crore company by 2030. This growth trajectory is expected to be driven by Branded Formulations, Active Ingredients, and exports, supported by a focus on innovation and operational excellence.

The AGM agenda included several governance matters. Shareholders considered the re-appointment of Rameshbhai R. Talavia as a Director retiring by rotation. Additionally, proposals were tabled for the appointment of Megha Joshi as an Independent Director and the re-appointment of Jamankumar H. Talavia and Jagdish R. Savaliya as Whole-Time Directors. The meeting also covered the ratification of remuneration for Cost Auditors for FY27.

What the numbers show

The disclosure reveals a significant scale-up in top-line performance, with revenue reaching ₹11,380 million. When viewed alongside the EBITDA of ₹1,005 million, the implied operating margin stands at approximately 8.8%. The net profit of ₹547 million represents roughly 4.8% of total revenue. The achievement of break-even at the Saykha facility suggests that capacity expansion efforts are beginning to contribute positively to the bottom line, moving from capital-intensive setup phases to operational profitability.

Voting and compliance details

Voting on the resolutions was conducted through remote e-voting between September 21 and September 23, 2026, and electronic voting during the meeting. Parikh Dave & Associates was appointed as the Scrutinizer. The statutory auditors' report contained no qualifications or adverse remarks.