Grauer & Weil (India) Limited declared a dividend of Re 0.50 per equity share of face value Re 1 each for the financial year ended March 31, 2026. The payout was approved during the company’s 68th Annual General Meeting (AGM) held on September 17, 2026.

The meeting was conducted through Video Conferencing or Other Audio Visual Means (OAVM) in compliance with Ministry of Corporate Affairs and SEBI circulars. Umeshkumar More, Chairman of the company, presided over the proceedings. He declared that the requisite quorum was present under the Companies Act, 2013.

Key Resolutions Passed

Shareholders approved several ordinary and special resolutions during the meeting. The key outcomes included:

• Adoption of standalone and consolidated financial statements for FY26 along with Board and Auditor reports.
• Declaration of the final dividend of Re 0.50 per equity share.
• Reappointment of Yogesh Samat as a director by rotation.
• Reappointment of Rohitkumar More as Whole-time Director for five years starting April 1, 2027.
• Reappointment of Yogesh Samat as Whole-time Director for two years starting July 1, 2026.
• Revision of remuneration for Aman More and Yash More.
• Ratification of remuneration for Cost Auditors for FY27.

Governance and Audit

The Statutory Auditors and Secretarial Auditors provided unqualified opinions on the financial statements for FY26. As there were no qualifications or adverse comments, the auditor reports were taken as read without detailed discussion.

Electronic voting was facilitated by CDSL from September 12 to September 16, 2026. GMJ & Associates served as the scrutinizer for the e-voting process. Results will be published on the company’s website and BSE Ltd.

Management Presence

Nirajkumar More, Managing Director, briefed members on the virtual meeting guidelines and performance highlights for FY25-26. Yogesh Samat (Director, Operations), Rohitkumar More (Whole-time Director), and Gurinder Singh Gulati (CFO) addressed shareholder queries regarding operations and future prospects. Ayus Agarwala was absent but authorized Yogesh Samat to respond on his behalf.

Grauer & Weil (India) Limited has scheduled its 68th Annual General Meeting for September 17, 2026, at 2:00 pm. The meeting will be conducted through Video Conferencing or Other Audio-Visual Means, as permitted by Ministry of Corporate Affairs circulars.

The agenda focuses on governance matters, including the adoption of audited financial statements for FY26 and the declaration of a dividend on equity shares of face value ₹1 each. Shareholders on record as of September 10, 2026 will be eligible for the dividend payout. Pursuant to amendments to Regulation 12 of SEBI Listing Regulations, 2025, any approved dividend will be paid electronically only; the company will not issue warrants or cheques. The company will deduct tax at source (TDS) on dividend payments as per applicable laws.

Director Reappointments

The Board seeks shareholder approval for the reappointment of two Whole-time Directors:

• Mr. Rohitkumar More: Proposed for a five-year term commencing April 1, 2027. His current term expires on March 31, 2027. He holds a B.E. in Mechanical Engineering and oversees engineering operations in Pune.
• Mr. Yogesh Samat: Proposed for a two-year term starting July 1, 2026. His existing tenure ends on June 30, 2026. He holds an MBA from IIM Bangalore and is a CFA charterholder.

Both appointments require special resolutions under Section 196 and 197 of the Companies Act, 2013.

Remuneration Structure

The proposed remuneration packages for the reappointed directors are capped as follows:

Perquisites for both directors include medical allowances, leave travel concessions, provident fund contributions, and use of a car with a driver. The Board is authorized to vary terms within the limits specified in Schedule V of the Companies Act, 2013.

Related Party Transactions

The AGM will also ratify revised remuneration for two related party employees, requiring ordinary resolutions under Section 188 of the Companies Act, 2013:

• Mr. Aman More: Son of Managing Director Nirajkumar More, promoted to Assistant General Manager (Business Innovation). His consolidated salary is proposed upto ₹50 lakh p.a.
• Mr. Yash More: Son of Managing Director Nirajkumar More, holding the position of Assistant General Manager. His consolidated salary is also proposed upto ₹50 lakh p.a.

Both executives will receive standard perquisites including medical insurance, club fees, and residential telephone facilities.

E-Voting and Logistics

Members can vote either through remote e-voting or e-voting at the AGM held through VC/OAVM. The facility is provided by Central Depository Services (India) Ltd (CDSL). Members attending the meeting through VC/OAVM shall be counted for the purpose of reckoning quorum under Section 103 of the Companies Act, 2013.

Shareholders holding shares in physical mode are requested to register/update KYC details with the Registrar and Transfer Agent, MUFG Intime India Private Limited. Those holding shares in dematerialized mode should update details with their Depository Participants.