Gujarat Apollo Industries shareholders approve FY26 financials, ₹2 dividend
- Shareholders approved standalone and consolidated financial statements for FY26
- Dividend of ₹2 per share was declared and approved by members
- Asit A. Patel reappointed as Chairman cum Managing Director via special resolution
- Special resolution passed for disinvestment in Credo Advanced Chemicals Limited
- 40 members attended the 39th AGM held at the registered office in Mehsana
*this image is generated using AI for illustrative purposes only.
Gujarat Apollo Industries Limited held its 39th Annual General Meeting on September 28, 2026, where shareholders approved the standalone and consolidated financial statements for the fiscal year ended March 31, 2026. The meeting also ratified the declaration of a dividend of ₹2 per share.
The proceedings took place at the company’s registered office in Mehsana, Gujarat. Asit A. Patel, Managing Director, chaired the session, with Anand A. Patel providing an overview of the business performance. A total of 40 members attended the meeting in person, ensuring the required quorum was present throughout the proceedings.
Key resolutions passed
The agenda included both ordinary and special resolutions, covering financial approvals, director reappointments, and strategic disinvestments. The following key items were addressed:
| Item | Resolution Type | Details |
|---|---|---|
| 1 | Ordinary | Adoption of standalone and consolidated financial statements for FY26 |
| 2 | Ordinary | Declaration of dividend at ₹2 per share |
| 3 | Ordinary | Reappointment of Asit A. Patel as Director |
| 4 | Special | Reappointment of Asit A. Patel as Chairman cum Managing Director |
| 5 | Special | Approval for sale/disinvestment in Credo Advanced Chemicals Limited |
Meeting details and governance
The Company Secretary, Neha Chikani Shah, confirmed that remote e-voting facilities were provided for all resolutions, consistent with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Members who did not vote electronically cast their votes via ballot paper during the meeting.
Ashish Shah, a practicing company secretary, served as the scrutinizer to oversee the voting process. The results of the voting were scheduled to be submitted to the stock exchanges within two working days of the meeting's conclusion. The AGM concluded at 11:40 am following a vote of thanks.
Historical Stock Returns for Gujarat Apollo Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.75% | -2.47% | -2.32% | -18.96% | -31.56% | 0.0% |
What are the expected financial implications and timeline for the disinvestment of Credo Advanced Chemicals Limited?
How does the ₹2 per share dividend compare to the company's historical payout ratios and current free cash flow generation?
What strategic priorities has Asit A. Patel outlined for his new term as Chairman cum Managing Director?
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