Grovy India board to consider FY26 dividend, fund raising
Grovy India Limited's board will meet on June 09, 2026, to consider a final dividend of ₹0.10 per share for FY26, fund raising via preferential or rights issues, and increasing authorized share capital. The meeting will also address the re-appointment of a director and approve the annual report and AGM details.
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Grovy India Limited has scheduled a board meeting for June 09, 2026, to consider a final dividend of ₹0.10 per share for the financial year ended March 31, 2026. The board will also evaluate proposals to raise capital through the issuance of equity shares or convertible securities via preferential or rights issues. Additionally, the directors will discuss increasing the authorized share capital and altering the capital clause of the Memorandum of Association.
The meeting agenda includes the consideration and approval of the Director's Report, Annual Report, and related annexures for FY26. The board will fix the date, time, and venue for the 41st Annual General Meeting (AGM) and approve the notice for the same. Re-appointment of Mrs. Anita Jalan, a director retiring by rotation, is also on the agenda.
Further, the board will consider an increase in the remuneration of the Chief Executive Officer and Chief Financial Officer. The trading window for designated persons and their immediate relatives closed on June 2, 2026, and will remain shut until 48 hours after the declaration of the board meeting outcome, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.
Key Agenda Items
| Agenda Item | Details |
|---|---|
| Final Dividend | ₹0.10 per share (1%) for FY26 |
| Fund Raising | Equity shares/convertible securities via preferential or rights issue |
| Capital Structure | Increase in authorized share capital and alteration of capital clause |
| AGM | Fixing date, time, and venue for the 41st AGM |
| Re-appointment | Mrs. Anita Jalan, Director retiring by rotation |
| Remuneration | Increase for CEO and CFO |
Historical Stock Returns for Grovy
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +8.53% | +4.94% | +7.58% | +0.41% | -5.86% | +433.33% |
What specific growth initiatives or acquisitions does Grovy India plan to fund with the proposed capital raise?
How will the issuance of new equity or convertible securities impact existing shareholders' earnings per share?
What strategic rationale underpins the proposed increase in remuneration for the CEO and CFO?
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