Gujarat Poly Electronics Limited has scheduled its 37th Annual General Meeting (AGM) for August 20, 2026, to approve the audited financial statements for FY26 and declare a dividend of ₹0.50 per equity share. The meeting, to be held via Video Conferencing (VC) and Other Audio-Visual Means (OAVM) at 11:00 a.m., also includes the re-appointment of Vinay Kumar Puniani as Executive Director. Shareholders registered as of the record date, August 13, 2026, are eligible to vote on these resolutions.

The company reported a significant turnaround in profitability for FY26, with profit after tax (PAT) rising to ₹28.02 crore from ₹2.14 crore in FY25. This growth was driven by a substantial increase in profit before tax (PBT), which climbed to ₹31.88 crore from ₹2.52 crore in the previous year. Despite this operational improvement, sales turnover slightly declined to ₹16.87 crore from ₹17.79 crore in FY25. The Board recommends the adoption of these financial results, which will be placed before members for approval alongside the dividend declaration.

Financial Performance Overview

The following table highlights the key financial metrics for Gujarat Poly Electronics Limited over the past three fiscal years:

The sharp rise in PBT despite a marginal dip in sales suggests improved cost efficiencies or higher-margin product mixes, although specific segmental breakdowns were not disclosed in the notice. The current tax provision for FY26 stands at ₹35.69 lakh, reflecting the higher taxable income.

Executive Leadership Continuity

Shareholders will vote on the re-appointment of Vinay Kumar Puniani as Whole-time Director designated as Executive Director for a two-year term commencing August 1, 2026. This requires approval as a Special Resolution. Mr. Puniani, holding DIN 10706691, was initially appointed effective August 1, 2024, with his current term expiring on July 31, 2026.

The proposed remuneration package includes a salary not exceeding 5% of net profit or ₹60 lakh per annum if profits are inadequate. The package encompasses perquisites such as house rent allowance, conveyance allowance, and medical expenses, within the ceiling limits prescribed under Schedule V of the Companies Act, 2013.

E-Voting and Meeting Logistics

Remote e-voting will be available from August 17, 2026, at 9:00 a.m. to August 19, 2026, at 5:00 p.m., through the National Securities Depository Limited (NSDL) e-voting system. The cut-off date for determining voting eligibility is August 13, 2026. Ms. Ragini Chokshi of Ragini Chokshi & Co. has been appointed as the Scrutinizer to oversee the voting process.

The Register of Members and Share Transfer Books will remain closed from August 14, 2026, to August 20, 2026. Members who have cast their votes via remote e-voting may attend the AGM but cannot vote again. The facility to appoint a proxy is not available as the meeting is conducted via VC/OAVM.

Gujarat Poly Avx Electronics has published the notice regarding the record date for the financial year ended March 31, 2026, in newspapers. The company fixed Friday, July 17, 2026, as the record date to determine shareholder eligibility for a dividend. The Board of Directors has approved a final dividend of ₹0.50 per equity share, equivalent to 5% on shares of ₹10 each. This payout is subject to declaration at the ensuing Annual General Meeting.

The dividend will be disbursed within 30 days following the conclusion of the Annual General Meeting. Shareholders must ensure their names appear in the company's Register of Members as of the record date to qualify for the payment. The intimation was submitted to the Bombay Stock Exchange in compliance with Regulation 42 of the SEBI (LODR) Regulations, 2015.

Dividend Details

The notice was published in The Indian Express (English Edition) Ahmedabad and Financial Express (Gujarati Edition) Ahmedabad on July 9, 2026. Nivedita Suresh Nambiar, Company Secretary & Compliance Officer, signed the intimation on July 8, 2026.