GRP Ltd approves FY26 financials and declares dividend at 52nd AGM
GRP Limited's 52nd AGM on July 23, 2026, resulted in the adoption of audited financial statements for FY26 and the declaration of a dividend for FY 2025-26. The meeting also ratified the remuneration for the Cost Auditor for the upcoming financial year and approved payments to a Non-Executive Director. The proceedings were conducted via video conferencing with 34 members in attendance.
*this image is generated using AI for illustrative purposes only.
GRP Limited held its 52nd Annual General Meeting (AGM) on July 23, 2026, approving the financial statements for the financial year ended March 31, 2026, and declaring a dividend for the financial year 2025-26. The meeting, conducted via video conferencing, was chaired by Rajendra Gandhi, Chairman of the Company, with the requisite quorum present at 12:49 P.M. IST. A total of 34 members participated in the proceedings, which included operational updates and the Chairman's address on macro-economic highlights and financial performance.
Key Resolutions Passed
The shareholders transacted six items of business, including ordinary and special resolutions. The Board's reports and the auditors' findings for the financial year ended March 31, 2026, were adopted.
| Sr. No. | Item of Business | Resolution Type |
|---|---|---|
| 1 | Adoption of Audited Standalone Financial Statements for FY26 | Ordinary |
| 2 | Adoption of Audited Consolidated Financial Statements for FY26 | Ordinary |
| 3 | Declaration of Dividend on Equity Shares for FY 2025-26 | Ordinary |
| 4 | Re-appointment of Harsh Gandhi as Director | Ordinary |
| 5 | Ratification of remuneration payable to Cost Auditor for FY 2026-27 | Special |
| 6 | Payment of remuneration to Rajendra V. Gandhi as Non-Executive Non-Independent Director | Special |
Attendees and Proceedings
The meeting saw the participation of key personnel, including Managing Director Harsh Gandhi, Independent Directors Saurabh Shah and Vivek Asrani, and Executive Director Hemal Gandhi. Statutory Auditors, the Secretarial Auditor, and the Cost Auditor were also in attendance. Two shareholders sought clarifications during the meeting, which were addressed by the Managing Director. The facility for e-voting was provided by NSDL, and the voting results will be submitted separately as required under Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Historical Stock Returns for GRP
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.44% | +3.78% | +4.46% | +17.18% | -21.80% | +754.49% |
What is the record date for the dividend payout declared for FY 2025-26?
How does the company plan to navigate the macro-economic challenges highlighted by the Chairman in the upcoming fiscal year?
What strategic priorities will drive operational growth following the re-appointment of Harsh Gandhi as Director?
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