Dynemic Products Limited announced that Chief Financial Officer Ankit Shah has resigned from his position due to personal reasons. His resignation is effective from the close of business hours on September 30, 2026.

The company filed an intimation with BSE and National Stock Exchange of India under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shah will cease to be a Key Managerial Personnel under Section 203 of the Companies Act, 2013, and Regulation 30(5) of the SEBI Listing Regulations upon his departure.

Resignation Details

In his resignation letter dated September 30, 2026, Shah confirmed that there are no other material reasons for his departure other than those stated in the letter. He expressed gratitude to the Chairman, Managing Director, Board Members, and colleagues for their support during his tenure.

The company’s Managing Director, Bhagwandas K. Patel, signed the official disclosure to the exchanges. The filing includes details required under Part A of Schedule III of the SEBI Listing Regulations and the SEBI Master Circular dated January 30, 2026.

The announcement highlights a leadership change in the finance function without disclosing immediate succession plans or interim arrangements in the provided text.

Dynemic Products shareholders approved all five ordinary resolutions proposed at the 36th Annual General Meeting held on September 28, 2026. The voting results, detailed in a scrutinizer's report submitted on September 30, 2026, confirm strong support for the company's financial statements and dividend declaration.

The meeting, conducted via video conferencing, saw the adoption of the audited standalone and consolidated financial statements for FY26. The Board of Directors' report and auditor's reports were also approved by the members present. Managing Director Bhagwandas K. Patel chaired the session, which was attended by 49 members via video conference, ensuring the requisite quorum as per the Companies Act, 2013.

Voting results breakdown

The scrutinizer, B. K. Patel & Co., Chartered Accountants, reported that all resolutions passed with significant majorities. Votes were cast through remote e-voting and electronic voting during the meeting. The results are summarized below:

Key resolutions passed

Shareholders approved several ordinary resolutions through remote e-voting and electronic voting during the session:

• Adoption of audited financial statements for FY26.
• Declaration of dividend at ₹1.50 per equity share (15%).
• Re-appointment of Ramesh B. Patel as Director, retiring by rotation.
• Ratification of remuneration for Cost Auditors for FY27.
• Approval of related party transactions.

Meeting proceedings and attendance

Joint Managing Directors Dixit B. Patel and Ramesh B. Patel, along with Independent Directors Vikash Jain and Iyengar Padmanabhan, attended the session. B. K. Patel, Chartered Accountant, served as the scrutinizer for the voting process. The results were announced within statutory timelines and communicated to stock exchanges and CDSL.

Shareholding pattern and participation

Data disclosed in the compliance filing reveals that out of 12,387 shareholders on record, only 49 participated via video conferencing. Of these attendees, 13 belonged to the promoter group and 36 were public shareholders. Notably, there was zero participation from institutional investors across all agenda items. The promoter group held 3,656,379 shares, while public non-institutional shareholders held 8,772,008 shares.

What the Numbers Show

The voting data reveals a distinct pattern in shareholder participation across different agenda items. While the adoption of financial statements and dividend declaration attracted approximately 3.81 million votes in favour, the approval of related party transactions (Item 5) saw significantly lower participation, with only about 1.58 million votes cast in favour. This suggests that while core financial approvals enjoyed near-unanimous support from the majority of voting shares, fewer shareholders participated in or voted on related party transaction approvals, possibly due to lower perceived materiality or specific shareholder interest groups.

Furthermore, the absence of institutional votes highlights a retail-heavy shareholder base for Dynemic Products. The promoter group voted unanimously in favour of all resolutions where they were not conflicted (Items 1, 2, 4), but abstained or had reduced voting power in Items 3 and 5 due to interest declarations. Item 3 saw promoter votes drop to 2,384,625, and Item 5 saw them drop further to 1,329,122, reflecting regulatory requirements for interested parties to refrain from voting.