Gaja Alternative Asset Management declares ₹0.75 dividend for FY26
- Declared final dividend of ₹0.75 per share for FY26
- Approved all six resolutions at 27th AGM held September 26, 2026
- Institutional investors cast 47.93% against new auditor appointment
- Re-appointed directors Prithvi Pal Singh Haldea and Upendra Kumar Sinha
*this image is generated using AI for illustrative purposes only.
Gaja Alternative Asset Management Limited declared a final dividend of ₹0.75 per equity share of face value ₹5 each for the financial year ended March 31, 2026. The payout, representing a 15% return on face value, was approved by shareholders during the company's 27th Annual General Meeting (AGM) held on September 26, 2026.
The meeting, conducted via video conferencing, saw the adoption of audited financial statements and the re-appointment of key directors. All six resolutions put to vote were passed with requisite majorities, reflecting strong shareholder support for the management’s proposals.
Voting outcomes and director appointments
Shareholders voted on both ordinary and special business items. The resolution for the appointment of M/s Price Waterhouse Chartered Accountants LLP as statutory auditors received significant dissent from institutional investors, though it still passed with an overall majority.
| Resolution | Votes in Favour (%) | Votes Against (%) | Result |
|---|---|---|---|
| Adoption of Financial Statements | 99.99% | 0.01% | Passed |
| Declaration of Final Dividend | 99.99% | 0.01% | Passed |
| Re-appointment of Prithvi Pal Singh Haldea | 99.99% | 0.01% | Passed |
| Re-appointment of Upendra Kumar Sinha | 99.99% | 0.01% | Passed |
| Appointment of Statutory Auditors | 89.14% | 10.86% | Passed |
| Continuation of Directorship (Age >75) | 99.99% | 0.01% | Passed |
The board also approved the continuation of Mr. Upendra Kumar Sinha as a Non-Executive Director beyond the age of 75 years. This special resolution passed with 99.99% of votes in favour, indicating robust confidence in his leadership despite the age-related regulatory requirement for shareholder approval.
What the Numbers Show
A notable divergence appears in the voting pattern regarding the appointment of new statutory auditors. While public non-institutional shareholders overwhelmingly supported the move with 99.99% in favour, institutional investors showed significant resistance, casting 47.93% of their votes against the appointment of Price Waterhouse Chartered Accountants LLP. This suggests a potential misalignment between institutional governance expectations and the promoter group’s choice of auditor, even though the proposal ultimately secured passage due to the promoter group’s substantial voting weight.
Historical Stock Returns for Gaja Alternative Asset Management
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.52% | -1.91% | -11.09% | -11.09% | -11.09% | -11.09% |
How might the 10.86% dissent from institutional investors regarding the auditor appointment impact Gaja Alternative Asset Management's future ESG ratings or institutional capital inflows?
Will the significant opposition from institutional shareholders to Price Waterhouse Chartered Accountants LLP trigger a review of the company's corporate governance framework or lead to further activist engagement?
What are the potential regulatory implications for the board's decision to continue Mr. Upendra Kumar Sinha's directorship beyond age 75, and how might this affect future succession planning?
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