Duncan Engineering Limited has fixed Friday, July 17, 2026, as the record date to determine shareholder eligibility for the final dividend of ₹3.00 per equity share for the financial year ended March 31, 2026. The dividend, which is subject to the approval of shareholders at the 65th Annual General Meeting (AGM), is payable on shares of face value ₹10 each. The total dividend outgo for the year amounts to ₹110.88 lakhs, and the payment will be subject to deduction of tax at source as applicable.

The AGM is scheduled for Friday, July 24, 2026, at 3:30 PM IST through video conferencing or other audio-visual means. The meeting will be conducted in compliance with the Companies Act, 2013, and relevant circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India (SEBI). The Board of Directors has recommended the dividend, and shareholders must submit forms for claiming nil or lower TDS rates by July 10, 2026.

The AGM will transact ordinary business, including the adoption of audited financial statements for FY 2025-26 and the declaration of dividend. Special business includes the re-appointment of Mr. Akshat Goenka as Managing Director for a further period of three years commencing from February 9, 2027, up to February 9, 2030. The proposed remuneration includes a commission up to a maximum of 5% of the Profits Before Tax or ₹1.33 Crore per annum, whichever is higher, along with a payout under the Long-Term Incentive Plan (LTIP).

Shareholders can vote either through remote e-voting or e-voting during the AGM. Remote e-voting starts from 9:00 a.m. IST on Tuesday, July 21, 2026, and ends at 5:00 p.m. IST on Thursday, July 23, 2026. The company will send the electronic copy of the AGM notice and the Annual Report for FY 2025-26 via email to members whose email addresses are registered. For members without registered email addresses, the company will dispatch a web-link via physical mode providing access to the complete Annual Report.

Pursuant to SEBI circulars, shareholders holding securities in physical form must update their folios with PAN, nomination details, and bank account details. Any payment, including dividend, will be processed only through electronic mode. The Notice of the AGM and the Annual Report will be available on the company’s website and the websites of BSE Limited.

Duncan Engineering Ltd has secured an order worth ₹5.54 Cr from Bharat Petroleum Corporation Ltd for the supply of valves. The order, received on June 24, 2026, is for the Bina Petchem and Refinery Expansion Project. The company stated that the order is strategic in nature and is expected to be executed at negligible margins.

Order Details

The order involves the supply of components, specifically On-Off Floating Ball Valves, Trunnion Ball Valves, and Triple Offset Butterfly Valves. The supply will be executed as per the drawings provided by the client. The total order value is estimated at ₹5.54 Cr, excluding GST.

Execution Timeline

The order is domestic in nature and must be executed within eight months from the receipt of the order. Bharat Petroleum Corporation Ltd is a Government of India undertaking.

Key Order Information

The disclosure was made by Shanu Gupta, Company Secretary and Compliance Officer of Duncan Engineering Ltd.