Galaxy Surfactants Limited approved a final dividend of ₹22 per equity share for the financial year ended March 31, 2026, during its 40th Annual General Meeting (AGM) held on August 12, 2026. The meeting also resulted in the reappointment of K. Natarajan as a Director and the ratification of remuneration for its Cost Auditors. Shareholders adopted both the standalone and consolidated audited financial statements for FY26, which contained no qualifications or observations from the statutory auditors.

The AGM was conducted through Video Conferencing or Other Audio-Visual Means (OAVM) in compliance with regulations issued by the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI). Mr. Niranjan Ketkar, Company Secretary, confirmed that the requisite quorum under Section 103 of the Companies Act, 2013, was present. The Chairman, Mr. KBS Anand, presided over the proceedings, introducing the Directors, Chief Financial Officer, Statutory Auditors, and Secretarial Auditors.

Mr. K. Natarajan, Managing Director, addressed the members regarding the company’s performance during FY26. Following his address, registered speaker members were invited to seek clarifications on business performance, to which Mr. Natarajan responded. The Board had appointed M/s S. N. Ananthasubramanian & Co., Practicing Company Secretaries, as the Scrutinizer for the voting process.

Shareholders exercised their voting rights via remote e-voting and electronic polling. In compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Section 108 of the Companies Act, 2013, remote e-voting was open from August 9, 2026, at 9:00 a.m. until August 11, 2026, at 5:00 p.m. Electronic voting facilities were also available during the meeting for those who had not voted remotely. The results will be disclosed to stock exchanges and hosted on the company’s website within two working days.

Key Resolutions Passed

The following ordinary resolutions were tabled and passed by the shareholders:

What This Means for Shareholders

The declaration of a ₹22 final dividend reflects the company’s commitment to returning value to shareholders following an unqualified audit report for FY26. The reappointment of K. Natarajan ensures continuity in leadership as the company moves into the next fiscal cycle. Investors should note that the formal voting results are pending publication by the scrutinizer, though the resolutions were deemed passed upon conclusion of the poll.

Galaxy Surfactants Limited's Nomination and Remuneration Committee (NRC) approved the grant of 8,400 stock options to eligible employees under the Galaxy Surfactants Limited – Performance Stock Option Plan 2025 (PSOP 2025). The approval was granted during a meeting held on July 22, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The grant allows eligible employees to purchase equity shares, with each stock option carrying the right to apply for and be allotted one equity share with a face value of ₹10. The exercise price for these options has been set at ₹10. The scheme is compliant with the SEBI (Share Based Employee Benefits) Regulations, 2021.

Vesting of these options is contingent upon the achievement of performance criteria decided by the NRC and the continuation of employment. As of the grant date, no options have vested. The vesting is scheduled to occur after the Annual General Meeting for the Financial Year 2028-29. Once vested, the options must be exercised within a period of four years from the date of vesting; failure to do so will result in the lapse of the options.

The disclosure regarding the grant was submitted to the National Stock Exchange of India Ltd. and BSE Limited. The filing confirms that no options have been exercised or lapsed as of the current date. The maximum number of options that grantees may be entitled to under the Galaxy PSOP 2025 Scheme is 157,383.

Key Details of the Grant