Grindwell Norton fixes July 24 for 76th AGM, e-voting
Grindwell Norton Limited has announced the schedule for its 76th Annual General Meeting (AGM) to be held on July 24, 2026, via Video Conferencing. The Board recommended a dividend of ₹19 per share for FY26, with a record date set for July 10, 2026. The notice includes details for remote e-voting commencing July 21, 2026, and the appointment of a scrutinizer for the process.
*this image is generated using AI for illustrative purposes only.
Grindwell Norton Limited has scheduled its 76th Annual General Meeting (AGM) for Friday, July 24, 2026, at 3:00 p.m. IST via Video Conferencing (VC) and Other Audio-Visual Means (OAVM). The Board of Directors has recommended a dividend of ₹19 per equity share of face value ₹5 each for the financial year ended March 31, 2026. Shareholders will consider the adoption of audited financial statements for FY26 and the ratification of the Cost Auditor's remuneration.
Dividend Declaration
The company has fixed Friday, July 10, 2026, as the record date to determine shareholder entitlement for the dividend. If approved by shareholders, the payment will be made on or from Tuesday, July 28, 2026. The dividend rate is ₹19 per equity share.
AGM Agenda and Resolutions
The ordinary business includes the adoption of the Audited Standalone and Consolidated Financial Statements for FY26. Shareholders will vote on the re-appointment of Mr. Sreedhar Natarajan, a Non-Executive Director liable to retire by rotation. Under special business, members will consider ratifying the remuneration of ₹3,25,000 plus applicable taxes and out-of-pocket expenses payable to M/s. Rao, Murthy & Associates, Cost Accountants, for the audit of cost records for the financial year ending March 31, 2027.
E-Voting and Participation Details
Remote e-voting will commence on Tuesday, July 21, 2026, at 9:00 a.m. IST and conclude on Thursday, July 23, 2026, at 5:00 p.m. IST. The e-voting cut-off date is Friday, July 17, 2026. Shareholders can participate through the NSDL e-voting system. Members wishing to ask questions must register as a speaker by sending a request to the company between July 15, 2026, and July 20, 2026.
| Key Event | Date |
|---|---|
| Record Date | July 10, 2026 |
| AGM Date | July 24, 2026 |
| Dividend Payment (on or from) | July 28, 2026 |
| Remote e-Voting Period | July 21, 2026 (9:00 a.m.) to July 23, 2026 (5:00 p.m.) |
| e-Voting Cut-off Date | July 17, 2026 |
| TDS Exemption Form Deadline | July 10, 2026 (by 11:59 p.m. IST) |
Regulatory and Compliance Notices
Unclaimed dividends for the financial year ended March 31, 2018, were transferred to the Investor Education and Protection Fund (IEPF) on September 29, 2025. Additionally, 22,096 equity shares related to unclaimed dividends for seven consecutive years were transferred to the IEPF during FY26. Shareholders are advised to update KYC details and bank mandates to facilitate dividend payments.
Historical Stock Returns for Grindwell Norton
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.56% | +0.98% | -4.24% | +28.46% | +12.63% | +62.51% |
How does the recommended dividend of ₹19 per share compare to the company's payout ratio in previous years?
What strategic initiatives or capital allocation plans does management intend to prioritize for FY27?
Will the re-appointment of Mr. Sreedhar Natarajan signal any potential shifts in the company's governance strategy?
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