Eldeco Housing & Industries shareholders approved a final dividend of ₹9 per equity share for the financial year ended March 31, 2026. This payout represents a 450% return on the face value of ₹2 per share.

The approval came during the company's 41st Annual General Meeting held on September 23, 2026, via Video Conferencing. The meeting was chaired by Pankaj Bajaj, Chairman cum Managing Director, with requisite quorum present. Statutory and Secretarial Auditors attended the session, confirming no qualifications in their respective reports.

Key resolutions passed

The members transacted both ordinary and special business items outlined in the notice dated August 12, 2026. Voting was conducted electronically through the Central Depository Services (India) Limited platform, supervised by scrutinizer R K Tandon & Associates.

Voting participation and results

Detailed voting results released on September 24, 2026, indicate robust shareholder support for all agenda items. The record date for entitlement to vote was September 16, 2026, with 3,814 shareholders on the register. During the virtual meeting, 3 promoters and 32 public shareholders participated via video conferencing.

For each of the four ordinary resolutions, including the dividend declaration and director re-appointment, the voting pattern remained consistent:

The total votes polled represented 63.36% of the total outstanding shares. Only 61 votes were cast against any resolution, primarily from non-institutional public shareholders.

Meeting proceedings and compliance

The Company Secretary confirmed that the meeting complied with Ministry of Corporate Affairs circulars and SEBI regulations regarding virtual gatherings. Remote e-voting facilities were available from September 19 to September 22, 2026, allowing shareholders to cast votes prior to the live session. During the meeting, additional e-voting was enabled for attendees who had not voted remotely.

What the Numbers Show

The declaration of a 450% dividend indicates a strong cash position or robust profitability relative to its small face value capital structure. While the source does not provide absolute profit figures, such a high percentage payout on a ₹2 face value share suggests significant distributable reserves were available for the fiscal year ending March 31, 2026.

Furthermore, the voting data reveals a highly concentrated ownership structure influencing outcomes. Promoters held 5,391,335 shares, accounting for approximately 54.8% of the total outstanding shares (9,833,000). Since promoters voted unanimously in favour, they effectively guaranteed the passage of all resolutions regardless of public sentiment. The minimal dissent (61 votes against out of 6.23 million polled) suggests either strong alignment with management or low active engagement from the broader retail base, given that only 18.89% of non-institutional public shares were voted.

Eldeco Housing & Industries reported its strongest operating year in FY26, with consolidated booking value reaching an all-time high of ₹743.9 crore, up 120% year-on-year, while consolidated profit after tax rose to ₹24.3 crore.

The Lucknow-based real estate developer recorded collections of ₹352.1 crore, a 39% year-on-year increase, and delivered 280 homes covering 2.78 lakh square feet during the year. The Board recommended a final dividend of ₹9 per equity share of face value ₹2 each, representing 450% of face value, for FY26, subject to shareholder approval at the 41st Annual General Meeting scheduled for September 23, 2026 at 3:30 P.M. through Video Conferencing. The record date for the final dividend is September 16, 2026, and the Register of Members will remain closed from September 17, 2026 to September 23, 2026.

Consolidated financial performance

Total consolidated income for FY26 stood at ₹175.7 crore compared to ₹143.7 crore in FY25, reflecting year-on-year growth of 22.3%. EBITDA improved to ₹41.5 crore from ₹35.6 crore, while finance costs declined to ₹3.1 crore from ₹4.3 crore.

The company noted that FY26 profitability included a one-time provision relating to a GST input credit write-off and residual costs on earlier projects.

Operational highlights

Area booked during FY26 stood at 10.77 lakh sq. ft., more than double the previous year's figure, while average realization improved to ₹6,909 per sq. ft. from ₹6,568 per sq. ft. in FY25. Construction expenditure rose 14% to ₹177.7 crore. The company received the Completion Certificate for Eldeco Imperia Phase 2 during the year.

The launch of Eldeco Solano Gardens was the defining operational event of the year. The project recorded bookings of approximately 5.11 lakh sq. ft. with a booking value of ₹384.5 crore, with 343 of 433 units sold within days of launch.

Pipeline and land acquisitions

During FY26, the company secured three strategic land parcels in Lucknow's key growth corridors, adding approximately ₹2,000 crore of Gross Development Value to its pipeline. Two of the three parcels were acquired through Lucknow Development Authority auctions, and the third is located along the Shaheed Path corridor.

As of March 31, 2026, the company had five ongoing projects with a combined value of area booked of ₹900.6 crore and pending collections of ₹604.0 crore.

Balance sheet and key ratios

Total consolidated assets grew to ₹1,053.2 crore as of March 31, 2026, from ₹821.7 crore in FY25. Cash and cash equivalents stood at ₹253.3 crore. Total debt including current maturities was ₹153.7 crore, while networth increased to ₹399.6 crore.

Earnings per equity share on a consolidated basis stood at ₹24.7 for FY26, compared to ₹21.9 in FY25. The company maintained its dividend per share at ₹9.0, consistent with FY25.

AGM and investor communications

The 41st AGM is scheduled for Wednesday, September 23, 2026 at 3:30 P.M. through Video Conferencing. The record date for the final dividend is Wednesday, September 16, 2026. The Register of Members will remain closed from September 17, 2026 to September 23, 2026. The company has 98,33,000 equity shares of ₹2 each outstanding, with promoter holding at 54.83%. Remote e-voting commences on Saturday, September 19, 2026 at 9:00 A.M. and ends on Tuesday, September 22, 2026 at 5:00 P.M.

Pursuant to Regulation 30 and Regulation 36(1)(b) of the SEBI Listing Regulations, the company has dispatched letters to shareholders whose email addresses are not registered with the company, Registrar and Share Transfer Agent, or Depository Participants. These letters provide a web-link to the Annual Report for FY26 and the Notice of the Annual General Meeting. Electronic copies are being sent via email to shareholders with registered email addresses. The documents are also available on the company website, stock exchange websites, and the RTA website. Shareholders holding physical shares are reminded to update their KYC details and dematerialise physical shares as per SEBI Master Circular No. HO/38/13/(4)2026-MIRSDPOD/I/4298/2026 dated February 6, 2026.