Gillanders Arbuthnot passes all resolutions at 92nd AGM
Gillanders Arbuthnot and Company Limited successfully conducted its 92nd Annual General Meeting on July 3, 2026, via video conferencing, approving all four ordinary resolutions with over 99% support. Key decisions included the adoption of audited financial statements for FY26, the re-appointment of Smt. Prabhawati Devi Kothari, and the declaration of dividends on 7.75% CRPS for FY19 and FY20. The proceedings, scrutinized by Mr. Ashok Kumar Daga, saw 69.07% participation from shareholders.
*this image is generated using AI for illustrative purposes only.
Gillanders Arbuthnot and Company Limited held its 92nd Annual General Meeting (AGM) on July 3, 2026, through video conferencing. The meeting approved the audited standalone and consolidated financial statements for the financial year ended March 31, 2026. Shareholders also ratified the remuneration of the Cost Auditor and approved the re-appointment of Smt. Prabhawati Devi Kothari, who retires by rotation.
A significant outcome was the approval to declare and pay a dividend on the 7.75% Cumulative Redeemable Preference Shares (CRPS) for the financial years 2018-19 and 2019-20. The proceedings were conducted in compliance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Mr. Ashok Kumar Daga, Practicing Company Secretary, served as the Scrutinizer for the e-voting process. The remote e-voting period commenced on June 30, 2026, and concluded on July 2, 2026. The record date for determining shareholder eligibility was June 26, 2026, with a total of 10,193 shareholders on record.
All four ordinary resolutions were passed with the requisite majority. The total votes cast represented 69.07% of the outstanding shares. The following table summarizes the voting results:
| Sr. No. | Business Items | Votes For | Votes Against | % For | % Against |
|---|---|---|---|---|---|
| 1. | Adoption of Audited Financial Statements for FY26 | 14739444 | 1703 | 99.99 | 0.01 |
| 2. | Re-appointment of Smt. Prabhawati Devi Kothari | 14671569 | 1703 | 99.99 | 0.01 |
| 3. | Declaration of dividend on 7.75% CRPS for FY19 and FY20 | 14739489 | 1658 | 99.99 | 0.01 |
| 4. | Ratification of Cost Auditor remuneration | 14739444 | 1703 | 99.99 | 0.01 |
The statutory auditors' report and the secretarial auditors' report were adopted without qualifications. Ms. Neha Singh, Company Secretary and Compliance Officer, confirmed the results would be submitted to the stock exchanges and made available on the company’s website.
Historical Stock Returns for Gillanders Arbuthnot
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.69% | -0.11% | -1.98% | -9.30% | -33.80% | +46.07% |
What is the timeline for the actual payout of the approved dividends on the 7.75% CRPS for FY19 and FY20?
How does the company plan to address the accumulated arrears on preference shares in future financial periods?
What strategic priorities will management focus on in the upcoming fiscal year following the approval of the FY26 financials?
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