Everest Kanto Cylinder has scheduled its 47th Annual General Meeting for September 29, 2026. The company’s board of directors has recommended a final dividend of ₹0.70 per equity share for the financial year ended March 31, 2026.

The dividend represents a payout of 35% on the face value of ₹2 per share. Eligibility is determined by the record date of September 18, 2026. Payouts will commence on or after October 5, 2026, subject to shareholder approval at the meeting.

Corporate Governance Updates

The AGM agenda includes the reappointment of Mr. Pushkar Khurana as a director liable to retire by rotation. Additionally, shareholders will vote on the appointment of Mr. Sanjiv Kapur as a Non-Executive Non-Independent Director, effective November 1, 2026.

Mr. Kapur transitions from his role as Wholetime Director upon superannuation on October 31, 2026. He will receive sitting fees and commission consistent with other non-executive directors.

Remuneration and Audit

The board seeks approval to increase the annual commission cap for non-executive directors from ₹5,00,000 to ₹6,00,000 per annum. This adjustment applies to financial years commencing April 1, 2026, within the statutory limit of 1% of net profits.

Shareholders will also ratify the remuneration of M/s. Shekhar Joshi & Co. as Cost Auditors for FY27. The approved fee is ₹2,50,000 plus applicable taxes and out-of-pocket expenses.

Voting Logistics

The meeting will be conducted via Video Conference or Other Audio-Visual Means. Remote e-voting opens on September 24, 2026, and closes on September 28, 2026. The register of members remains closed from September 21, 2026, through September 29, 2026.

Everest Kanto Cylinder filed its Business Responsibility and Sustainability Report (BRSR) for FY26 on September 8, 2026. The disclosure outlines specific environmental targets, including a commitment to reduce carbon emissions by 35% by FY30 and water consumption by 10% by FY28, using FY24 as the baseline.

The report covers operations across three national plants and four international facilities. The company reported total energy consumption of 360,395 Joules in FY26, down from 376,077 Joules in FY25. Energy intensity per rupee of turnover fell to 386 from 411 in the prior year.

Environmental Performance

Greenhouse gas emissions saw a divergence between scopes. Scope 1 emissions rose to 682 metric tonnes of CO2 equivalent from 487 in FY25. Conversely, Scope 2 emissions increased slightly to 51,614 metric tonnes from 50,878. Total Scope 1 and Scope 2 emission intensity remained stable at 56 metric tonnes per crore rupee of turnover.

Water withdrawal dropped significantly to 68,746 kilolitres from 85,265 kilolitres in FY25. The company implemented Zero Liquid Discharge mechanisms in two manufacturing units, recycling all treated wastewater.

What the Numbers Show

While total energy consumption declined by approximately 4%, Scope 1 emissions surged nearly 40%. This divergence suggests that the reduction in overall energy use was driven primarily by lower electricity consumption (Scope 2), while direct fuel-based emissions from manufacturing processes intensified.

Governance and Safety

The company recorded zero fatalities and zero lost-time injuries among employees in FY26. Workers recorded a Lost Time Injury Frequency Rate (LTIFR) of 0.40, unchanged from FY25. No complaints were received regarding human rights violations or sexual harassment.

CSR expenditure is applicable under Section 135 of the Companies Act, 2013, given a turnover of ₹967 crore and net worth of ₹827 crore. The report notes no regulatory penalties or fines were paid during the period.