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.
| Resolution Item |
Type |
Outcome |
| Adoption of standalone and consolidated financial statements for FY26 |
Ordinary |
Approved |
| Declaration of final dividend of ₹9 per share (450%) |
Ordinary |
Approved |
| Re-appointment of Shrikant Jajodia as Director |
Ordinary |
Approved |
| Ratification of cost auditor remuneration for FY27 |
Ordinary |
Approved |
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:
| Category |
Votes Polled |
Votes in Favour |
Votes Against |
% In Favour |
| Promoter and Promoter Group |
5,391,335 |
5,391,335 |
0 |
100.00% |
| Public - Institutions |
0 |
0 |
0 |
0.00% |
| Public - Non-Institutions |
839,263 |
839,202 |
61 |
99.99% |
| Total |
6,230,598 |
6,230,537 |
61 |
99.99% |
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.
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