Divyashakti sets Sep 21 record date for AGM and dividend
- Divyashakti Limited sets September 21, 2026, as the record date for its 35th AGM and FY26 dividend.
- The Board recommends a final dividend of ₹1.00 per equity share, subject to shareholder approval.
- Remote e-voting opens on September 24 and closes on September 27, 2026.
- Shareholders must approve related-party transactions worth ₹80 crore for FY27.
*this image is generated using AI for illustrative purposes only.
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.
| Related Party | Transaction Value (₹ crore) |
|---|---|
| Cosmos Granite (West) | 30.00 |
| Cosmos Granite (South East) | 45.00 |
| Cosmos Granite (South West) | 5.00 |
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.
Historical Stock Returns for Divyashakti Granites
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.59% | -8.43% | +32.64% | +31.31% | +1.54% | -16.39% |
How might the significant year-over-year decline in revenue and EBITA impact Divyashakti's ability to sustain its dividend payout policy in FY27?
What specific measures is management implementing to mitigate the risks associated with the proposed ₹80 crore in related-party transactions with entities linked to the Managing Director?
Given the sharp drop in profitability, what strategic initiatives or market expansions is Divyashakti planning to reverse the downward trend in FY27?
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