Divyashakti Limited shareholders approved a 10% dividend on equity shares for the financial year ended March 31, 2026. The decision was taken during the company's 35th Annual General Meeting (AGM), held virtually on September 28, 2026.

The meeting, conducted through Video Conferencing (VC) and Other Audio-Visual Means (OAVM) with the registered office in Hyderabad as the deemed venue, saw attendance from 76 members. The proceedings were chaired by Managing Director N. Hari Hara Prasad, with Company Secretary Nilima Kumari managing the e-voting procedures and quorum verification.

Key resolutions passed

The Board's recommendations were adopted through ordinary resolutions, covering financial adoption, dividend declaration, director reappointment, and related party transactions. The Statutory Auditor's Report and Secretarial Audit Report contained no qualifications or adverse remarks requiring detailed reading at the meeting.

Governance and attendance

The AGM was attended by key management personnel, including Director Nallapati Sai Venkateshwara Prasad, Woman Director and CFO Mrs. Anuradha Anne, and Independent Directors Jasti Karunendra Srinivasa, Musunuri Ramakrishna Prasad, and Mohan Krishna Pamidimukkala. The statutory auditor, Achuta Ramaiah Pavuluri, and secretarial auditor, Navajyoth Puttaparthi, were also present.

Remote e-voting was facilitated through NSDL from September 24, 2026, to September 27, 2026. Members who did not vote remotely had the option to vote during the live virtual session. The consolidated voting results and the Scrutinizer's Report are scheduled for dissemination within two working days of the meeting's conclusion.

Divyashakti Limited has fixed September 21, 2026, as the record date for determining shareholder eligibility for its 35th Annual General Meeting (AGM) and the payment of dividends for FY26.

The company will hold the AGM virtually on September 28, 2026, at 11:00 am through video conferencing or other audio-visual means. The Register of Members and Share Transfer Books will remain closed from September 22, 2026, to September 28, 2026, inclusive.

Dividend and Governance

The Board has recommended a final dividend of ₹1.00 per equity share of face value ₹10 each for FY26. This payout represents a 10% return on face value, subject to approval by members at the AGM.

Smt Anuradha Anne retires by rotation and offers herself for re-appointment as a director. She holds an M.Com degree and has over 27 years of experience in business administration and finance.

E-Voting Details

Shareholders can exercise their voting rights via remote e-voting through the National Securities Depository Limited (NSDL). The remote e-voting period commences on September 24, 2026, at 9:00 am and ends on September 27, 2026, at 5:00 pm. The cut-off date for determining eligibility to vote is September 21, 2026.

Members who have cast their vote by remote e-voting may attend the AGM but shall not be entitled to cast their vote again at the meeting. Those attending via VC/OAVM who have not voted remotely may vote during the AGM.

Related-Party Transactions

Shareholders are asked to approve transactions with three entities linked to Managing Director N. Hari Hara Prasad. His relatives are partners in these firms. The proposed aggregate value for FY27 is ₹80 crore.

The transactions involve the export, sale, purchase, and supply of polished granite slabs and engineered stone slabs. The Audit Committee has recommended these deals as being in the ordinary course of business and on an arm’s length basis.

Financial Context

The company reported a profit before tax (PBT) of ₹139.81 lakh for FY26, down from ₹338.96 lakh in FY25. Revenue from operations fell to ₹3,475.63 lakh in FY26 compared to ₹6,387.21 lakh in the previous year. EBITA declined to ₹377 lakh from ₹597 lakh in FY25.