Dynamic Industries has scheduled its 37th Annual General Meeting for September 21, 2026. The Board also approved related party transactions with Prima Chemicals up to ₹150 crore annually for FY28 and FY29.

The Board of Directors held its meeting on August 27, 2026, commencing at 11:30 am and concluding at 12:05 pm. The company notified BSE Limited pursuant to Regulation 30 read with Schedule III of SEBI (LODR) Regulations, 2015 regarding the outcomes.

Key Approvals

The Board undertook several key businesses during the session:

• Approved the proposal to convene the 37th AGM on Monday, September 21, 2026, at 1:00 pm via video conferencing or Other Audio-Visual Means (OAVM).
• Approved the notice for the 37th AGM for the financial year ended March 31, 2026.
• Approved the Director Report and Secretarial Audit Report along with its annexure for the financial year ended March 31, 2026.
• Approved the appointment of a Scrutinizer to oversee the e-voting process for the AGM.
• Recommended a dividend of ₹1 (10%) per equity share of face value ₹10 each for FY26.
• Proposed the re-appointment of Mr. Apurva Kamleshbhai Modi as a Director liable to retire by rotation.

Shareholder Eligibility and E-Voting

The Register of Members and Share Transfer Books will remain closed from September 15, 2026, to September 21, 2026. The record date for ascertaining eligibility to receive dividends is set for September 14, 2026.

Shareholders whose names appear in the Register of Members or Beneficial Owners as of September 14, 2026, are eligible to exercise their voting rights via electronic means. The e-voting facility, provided by CDSL pursuant to Regulation 44 of SEBI (LODR) Regulations, 2015, and Section 108 of the Companies Act, 2013, will be available from 9:00 am on September 18, 2026, until 5:00 pm on September 20, 2026. Shareholders who do not vote electronically may also vote during the AGM process on the CDSL portal.

Related Party Transactions

The Board approved proposals for related party transactions with Prima Chemicals for the years ending in 2027-28 and 2028-29. These approvals are subject to final shareholder consent.

Prima Chemicals is a partnership firm in which Mr. Apurva Kamleshbhai Modi, Wholetime Director of Dynamic Industries, and his father, Mr. Kamlesh Modi, are partners. The listed entity does not hold any direct or indirect ownership in Prima Chemicals. However, Mr. Apurva Modi and his relatives indirectly hold 41.41% in the listed entity.

Transaction History

Total related party transactions with Prima Chemicals stood at ₹42.88 crore (sale) and ₹29.73 crore (purchase) in FY26. In FY25, these figures were ₹34.22 crore and ₹24.10 crore respectively. For FY24, sales were ₹5.72 crore and purchases were ₹3.73 crore.

The proposed transactions represent approximately 206.46% of the listed entity's annual consolidated turnover for the immediately preceding financial year. The Audit Committee reviewed the proposal on May 27, 2026, confirming that the transactions are in the ordinary course of business and on an arm's length basis.

Dynamic Industries reported a 15% increase in net profit to ₹182.22 lakh for the financial year ended March 31, 2026, despite a marginal decline in revenue.

The Ahmedabad-based manufacturer of dyes and pigments saw total income fall to ₹7,213.71 lakh from ₹7,305.96 lakh in the previous year. The improvement in profitability was driven by operational efficiencies and cost optimization, which helped offset the revenue contraction.

Financial Performance

The company’s profit before tax rose to ₹252.96 lakh from ₹204.15 lakh in FY25. Total expenses decreased to ₹6,960.75 lakh from ₹7,101.81 lakh, reflecting tighter control over operating costs.

Foreign exchange earnings declined significantly to ₹1,274.56 lakh from ₹1,934.06 lakh, indicating a shift in the geographic mix of sales or currency fluctuations impacting export realizations.

Dividend and Corporate Actions

The Board of Directors recommended a final dividend of ₹1 (10%) per equity share of face value ₹10 each for FY26. The payout is subject to shareholder approval at the Annual General Meeting (AGM) scheduled for September 21, 2026.

The AGM will also seek approval for the re-appointment of Mr. Apurva Kamleshbhai Modi as a director liable to retire by rotation.

Related Party Transactions

Shareholders are being asked to approve related party transactions with Prima Chemicals, a firm in which Whole-Time Director Mr. Apurva Modi and his father are partners. The proposed limit is up to ₹150 crore annually for FY27 and FY28, aggregating to ₹300 crore over the two-year period.

During FY26, transactions with Prima Chemicals included sales of goods worth ₹3,634.16 lakh and purchases amounting to ₹2,521.20 lakh. The Audit Committee confirmed these transactions were conducted on an arm's-length basis and are in the ordinary course of business.

What the Numbers Show

A notable divergence exists between the company’s top-line growth and bottom-line expansion. While revenue from operations contracted by approximately 1.5%, net profit grew nearly 15%. This suggests that cost savings or favorable non-operating items played a significant role in boosting profitability, rather than operational volume growth. Additionally, foreign exchange earnings dropped by over 34%, highlighting a reduced reliance on or realization from export markets compared to the previous fiscal year.