DHP India shareholders approved the company’s audited financial statements for FY26 and declared a final dividend of ₹4 per equity share at its 35th Annual General Meeting held on September 21, 2026. The meeting also saw the re-appointment of Janak Bhardwaj as a non-executive director liable to retire by rotation.

The event took place at Y.W.C.A. Gallway House in Kolkata, with Managing Director Asheesh Dabriwal serving as chairman. A total of 32 members were physically present, while electronic voting was conducted from September 18 to September 20, 2026.

Voting Results

Shareholder participation was robust, with 73.48% of voting rights exercised across all three ordinary resolutions. The combined e-voting and manual ballot results showed overwhelming support for the board’s proposals.

The dividend payout amounts to ₹120.00 lakh in total, calculated on a base of 30,00,000 equity shares with a face value of ₹10 each. Payments will be made after deducting applicable income tax at source to shareholders on record as of September 21, 2026.

Shareholder Participation Breakdown

Detailed scrutiny reports reveal that promoter and promoter group entities held 22,01,039 equity shares as on the cut-off date of September 14, 2026. These promoters participated exclusively through e-voting, casting all their holdings in favour of the resolutions.

Public non-institutional shareholders held 7,98,961 shares. Of these, 3,096 shares were voted via e-voting and 332 shares via ballot form at the venue. The single vote cast against each resolution originated from the public non-institutional category during the e-voting process. No public institutional shareholders voted.

Governance Updates

Janak Bhardwaj was re-appointed pursuant to Section 152 of the Companies Act, 2013. The resolution passed with the requisite majority, reflecting continued shareholder confidence in the board’s composition.

Corporate shareholders Dabriwala Constructions Pvt. Ltd. and Dolphin Properties Pvt. Ltd., holding 12.45% of the share capital collectively, participated through their representatives. Additionally, proxies for Anjum Dhandhania and Rudradeb Choudhury accounted for 0.67% of the voting power.

What the Numbers Show

The voting pattern highlights a distinct divergence between promoter and public engagement levels. While promoters exercised 100% of their voting rights electronically, public non-institutional shareholder participation stood at just 0.43% of their outstanding holdings. Despite this low public turnout, the near-unanimous approval—with only one dissenting vote among over 22 lakh polled—indicates strong alignment between the board and the active shareholder base regarding the FY26 financial direction.

Counter Cyclical Investments Private Limited has crossed the 10% shareholding threshold in DHP India following an open market acquisition of 6,506 equity shares on September 8, 2026.

The portfolio manager, acting along with its clients as persons acting in concert (PAC), increased its total stake to 304,601 shares, representing 10.15% of the company’s total voting capital.

Acquisition Details

The acquisition was executed through open market transactions. Prior to this purchase, Counter Cyclical Investments held 298,095 shares, constituting 9.94% of DHP India’s equity capital. The addition of 6,506 shares moved the holding above the 10% disclosure trigger mandated under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The total diluted share capital of DHP India remains at 3,000,000 shares. The acquirer confirmed that none of the shares are encumbered, and no warrants or convertible securities were involved in the transaction.

Regulatory Disclosure

Counter Cyclical Investments submitted the disclosure to DHP India and the BSE Limited on September 9, 2026. Parminder Pal Singh Bhatia, Director of Counter Cyclical Investments, signed the filing. The acquirer is not part of the promoter group of DHP India.