Dhunseri Ventures Limited has declared the consolidated voting results for its 110th Annual General Meeting (AGM) held on August 18, 2026, through video conferencing and other audio-visual means. The scrutinizer’s report, submitted by K. C. Dhanuka & Co., confirms that shareholders approved all ordinary and special resolutions, including the reappointment of key board members and the declaration of a final dividend.

Mrs. Aruna Dhanuka was reappointed as Managing Director for a five-year term from February 1, 2027, to January 31, 2032. The resolution received overwhelming support, with 99.82% of valid votes cast in favour. Similarly, Mr. Sameer Sah was reappointed as an Independent Director for a second five-year term, securing 99.20% approval.

Voting Results Overview

The remote e-voting period ran from August 14, 2026, to August 17, 2026. A total of 78.11% of outstanding shares participated in the voting process across all resolutions. Below are the key voting outcomes:

Key Resolutions Approved

Shareholders approved several ordinary resolutions during the meeting:

• Adoption of the audited financial statements for FY26.
• Declaration of the final dividend of ₹1.50 per equity share.
• Reappointment of Mr. Bharat Jhaver as a director liable to retire by rotation.

The proceedings were overseen by Executive Chairman Mr. C.K. Dhanuka. Statutory audits were conducted by M/s. B S R & Co. LLP, with secretarial audits handled by M/s Mamta Binani & Associates.

Related-Party Transaction Approval

A material related-party transaction involving the trading of PET resins with IVL Dhunseri Petrochem Industries Private Limited was approved. Due to Mr. C.K. Dhanuka’s interest in this matter, he stepped down from the chair temporarily, allowing Independent Director Mr. B. Bajoria to move the resolutions. While the transaction passed with 82.60% support, it faced notable opposition, with 17.40% of votes cast against it. Promoter group shareholders abstained from voting on this specific resolution.

Voting Process Details

Remote e-voting was facilitated from August 14, 2026, at 9:00 am until August 17, 2026, at 5:00 pm. Members who did not vote remotely could cast their votes during the meeting, with voting continuing for 30 minutes post-conclusion. The cut-off date for eligibility to vote was August 11, 2026. National Securities Depository Limited (NSDL) served as the authorized agency for the e-voting system.

Dhunseri Ventures posted a robust year-on-year improvement in consolidated net profit for Q1, more than doubling to ₹1.7B rupees compared to ₹713M in the corresponding quarter of the previous year. The strong bottom-line growth was accompanied by a meaningful expansion in revenue, signalling broad-based improvement in the company's financial performance during the quarter.

Revenue and Profitability Performance

The company's consolidated revenue for Q1 rose to ₹2.3B rupees from ₹1.7B in the year-ago period, reflecting a notable increase in top-line activity. Net profit growth significantly outpaced revenue growth on a year-on-year basis, indicating improved operational leverage or other income contributions during the quarter.

The following table summarises the key financial metrics for Q1 on a year-on-year basis:

EBITDA and Margin Trends

While absolute EBITDA improved to ₹910M rupees from ₹821M in the year-ago quarter, the EBITDA margin contracted meaningfully on a year-on-year basis, declining to 39.3% from 51.38%. This margin compression suggests that revenue growth was accompanied by a proportionally higher increase in operating costs during the quarter. The divergence between absolute EBITDA growth and margin performance reflects the faster pace of revenue expansion relative to operating profit during Q1.