Empire Industries holds 125th AGM, approves final and special dividends for FY26
- Empire Industries held its 125th AGM on September 16, 2026, via VC/OAVM
- Shareholders approved adoption of FY26 financial statements and reports
- Final and special dividends for FY26 were declared and approved
- Ranjit Malhotra and Dr. Anuja N. Mohe were re-appointed as directors
- Cost auditor remuneration for FY27 was ratified by shareholders
*this image is generated using AI for illustrative purposes only.
Empire Industries Limited held its 125th Annual General Meeting on September 16, 2026. Shareholders approved the adoption of financial statements for FY26 and declared both final and special dividends.
The meeting was conducted through Video Conferencing or Other Audio-Visual Means via the NSDL platform, in compliance with Ministry of Corporate Affairs General Circular No.3/2025 dated September 22, 2025. Satish Chandra Malhotra chaired the proceedings, which commenced at 3:00 pm and concluded at 3:39 pm.
Key Resolutions Passed
Shareholders approved six resolutions during the meeting. The ordinary resolutions included the adoption of financial statements for the year ended March 31, 2026, along with the reports of the Board of Directors and Auditors. The company also declared final and special dividends for FY26.
Director Ranjit Malhotra was re-appointed as a director after retiring by rotation. The remuneration of the cost auditor for FY27 was ratified. Additionally, shareholders passed a special resolution to re-appoint Dr. Anuja N. Mohe as a Woman Independent Director.
| Resolution Type | Details | Status |
|---|---|---|
| Ordinary | Adoption of Financial Statements for FY26 | Approved |
| Ordinary | Declaration of Final Dividend for FY26 | Approved |
| Ordinary | Declaration of Special Dividend for FY26 | Approved |
| Ordinary | Re-appointment of Ranjit Malhotra as Director | Approved |
| Ordinary | Ratification of Cost Auditor Remuneration for FY27 | Approved |
| Special | Re-appointment of Dr. Anuja N. Mohe as Woman Independent Director | Approved |
Governance and Voting
Suhas Chandra Nanda, Director Finance & Company Secretary, informed members that remote e-voting was available from September 11, 2026, to September 15, 2026. Ms. Deepa Gupta, a Practicing Company Secretary, served as the scrutinizer for votes cast remotely and electronically during the meeting.
Members present at the virtual AGM who had not voted remotely could cast their votes via the NSDL e-voting platform during the meeting. The voting facility remained open for 15 minutes after the conclusion of the meeting.
Shareholder Engagement
During the session, shareholders raised queries regarding capital expenditure, market share, segment performance, diversification, and future growth prospects. Management addressed these concerns, providing insights into the company's operational outlook. Several shareholders praised the management's decision on dividend distribution.
The scrutinizer is expected to submit the consolidated report on remote and electronic voting by September 18, 2026, in accordance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Historical Stock Returns for Empire Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.10% | -12.74% | -6.86% | -6.86% | -6.86% | -6.86% |
What specific operational or financial metrics justified the declaration of a special dividend for FY26, and does this signal a shift in the company's capital allocation strategy?
How will the re-appointment of Dr. Anuja N. Mohe as a Woman Independent Director influence Empire Industries' governance framework and strategic oversight in the coming fiscal year?
Given shareholder inquiries on capital expenditure and diversification, what are the company's planned investment priorities for FY27 to sustain future growth?
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