Gopal Snacks sets Sept 18 AGM; confirms ₹1 per share dividend for FY26
Gopal Snacks Limited has scheduled its 17th Annual General Meeting for September 18, 2026, to be held via VC/OAVM. Key agenda items include the ratification of a total interim dividend of ₹1.00 per share for FY26 and the reappointment of CMD Bipinbhai Vithalbhai Hadvani for a five-year term. Remote e-voting is open from September 15 to September 17, 2026.
*this image is generated using AI for illustrative purposes only.
Gopal Snacks Limited will hold its 17th Annual General Meeting (AGM) on Friday, September 18, 2026, at 3:00 pm through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The company announced the schedule in a regulatory filing dated August 17, 2026, noting that the deemed venue for the meeting is its registered office in Rajkot, Gujarat. The integrated Annual Report including the Notice of the 17th AGM was circulated via email on August 18, 2026, to members with registered email addresses as on August 14, 2026.
Dividend Confirmation
Shareholders will vote to confirm the interim dividends declared by the Board during FY26. The Board declared three interim payouts throughout the fiscal year:
- First interim dividend of ₹0.25 per equity share on November 10, 2025.
- Second interim dividend of ₹0.35 per equity share on January 27, 2026.
- Third interim dividend of ₹0.40 per equity share on May 12, 2026.
These declarations aggregate to ₹1.00 per equity share of face value ₹1.00 each. The notice states that these dividends have already been paid to members.
Management Reappointment
A special resolution seeks shareholder approval for the reappointment of Mr. Bipinbhai Vithalbhai Hadvani as Chairman and Managing Director (CMD). His current term expires on September 30, 2026. The proposal seeks to extend his tenure for five years, from October 1, 2026, to September 30, 2031.
The explanatory statement outlines the remuneration package for the CMD:
| Component | Details |
|---|---|
| Base Salary | ₹2,25,00,000 per annum |
| Increment | Up to 10% annually |
| Benefits | Gratuity, earned leave encashment, and reimbursement for legitimate business expenses |
Mr. Hadvani, who holds a 55.99% stake in the company as of March 31, 2026, drew a remuneration of ₹2,00,00,000 in FY26. The Nomination and Remuneration Committee recommended the reappointment based on his experience in the ethnic savoury industry.
Director Rotation
Mr. Harsh Sureshkumar Shah retires by rotation at the AGM. Being eligible, he offers himself for reappointment as a director. Mr. Shah holds 0.81% of the paid-up equity share capital.
E-Voting and Logistics
Remote e-voting will commence on Tuesday, September 15, 2026, at 9:00 am and conclude on Thursday, September 17, 2026, at 5:00 pm. The cut-off date for determining voting eligibility is Friday, September 11, 2026. Members can cast votes via the National Securities Depository Limited (NSDL) e-voting platform. Proxy appointments are not available for this virtual meeting. Shareholders who have not registered their email IDs received a letter containing the web-link and QR Code for the Integrated Annual Report.
Historical Stock Returns for Gopal Snacks
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.21% | -3.03% | -5.94% | -8.95% | -33.16% | 0.0% |
Will the proposed 10% annual salary increment for the CMD impact Gopal Snacks' future profit margins or lead to adjustments in dividend payout ratios?
How might the five-year tenure extension for Mr. Hadvani influence the company's strategic expansion plans in the ethnic savoury sector through 2031?
Given the consistent interim dividend payouts totaling ₹1.00 per share, is there an indication of a shift towards a more aggressive capital return policy for FY27?
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