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.

Grauer & Weil (India) Limited filed its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026, with the Bombay Stock Exchange. The filing discloses a standalone turnover of ₹11,78,43,85,773 and a net worth of ₹10,81,51,29,627 as per Section 135 of the Companies Act, 2013.

The company’s operations are heavily concentrated in surface finishing chemicals, paints, and lubricants, which account for 88% of its turnover. Engineering plants and equipment contribute the remaining 8%. Grauer & Weil operates six plants and 15 offices across India, serving customers in 28 states and eight union territories. Its international presence spans 52 countries, with exports contributing 5.95% to total turnover.

What the Numbers Show

A significant shift in customer concentration is visible in the latest filing. While the number of dealers and distributors increased from 123 in FY25 to 189 in FY26, the share of sales to the top 10 dealers rose sharply from 36% to 75.90% of total dealer sales. This indicates a growing dependency on a smaller subset of key distribution partners despite an expanding overall dealer network.

Operational Metrics

The company reported a substantial reduction in environmental impact metrics compared to the previous year. Total energy consumption fell from 51,020.46 units in FY25 to 21,246.71 units in FY26. Similarly, water withdrawal decreased by approximately 33%, dropping from 50,830.32 kilolitres to 33,972.60 kilolitres. Greenhouse gas emissions also declined, with Scope 1 emissions falling to 401.53 MT CO2e from 1,711.11 MT CO2e.

Human Capital and Governance

Grauer & Weil employed 971 permanent employees and 16 workers at the end of FY26. Female representation among employees stood at 11.23%, with one woman director on the eight-member board. The company maintained a zero Lost Time Injury Frequency Rate (LTIFR) for both employees and workers during the year.

Grievance mechanisms remained active, with 74 customer complaints and two shareholder complaints filed in FY26, all resolved by year-end. The company paid a penalty of ₹6,41,880 for delays in professional tax filings and employee KYC issues under Principle 1 disclosures. No disciplinary actions were taken against directors or key managerial personnel for bribery or corruption.