Hisar Metal Industries schedules AGM to declare Re 1 dividend
Hisar Metal Industries Limited has convened its 36th Annual General Meeting for August 28, 2026, to adopt audited financial statements for FY26 and declare a Re 1 per share dividend. The record date for dividend eligibility is August 17, 2026. Shareholders will also vote on the re-appointment of Mrs. Anubha Tayal and Mr. Abhiram Tayal, the ratification of the Cost Auditor's remuneration, and the appointment of Mr. Manish Jain and Mr. Shreyaskar Chaudhary as Independent Directors for five years.
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Hisar Metal Industries Limited has scheduled its 36th Annual General Meeting for August 28, 2026, at its Registered Office in Hisar, Haryana. The meeting will consider the adoption of audited financial statements for the financial year ended March 31, 2026, and declare a dividend of Re 1 per share as recommended by the Board. The record date for dividend eligibility is August 17, 2026, with the register of members remaining closed from August 18 to August 28, 2026.
The Board has recommended the re-appointment of Mrs. Anubha Tayal and Mr. Abhiram Tayal as Directors, who retire by rotation at the upcoming meeting. Additionally, the meeting will seek shareholder approval for the ratification of remuneration payable to M/s Naveen Gupta & Co., Cost Accountants, for the financial year 2026-27. The proposed remuneration is ₹50,000 plus applicable taxes and reimbursement of actual travel and out-of-pocket expenses.
Shareholders will vote on the appointment of two new Independent Directors, Mr. Manish Jain and Mr. Shreyaskar Chaudhary, for a term of five years commencing May 30, 2026. Mr. Manish Jain is a practising advocate with 25 years of experience in Civil, Arbitration, Commercial and Corporate Litigation. Mr. Shreyaskar Chaudhary brings over 25 years of experience in the apparel and fashion industry, specializing in sustainable practices and business operations.
The facility for remote e-voting will be available from August 25, 2026 (9:00 am) to August 27, 2026 (5:00 pm). The cut-off date to determine shareholder eligibility for voting is August 21, 2026. Mr. Sanjeev Jain, Practising Chartered Accountant, has been appointed as the Scrutinizer to oversee the voting process.
Key AGM Details
| Event | Date | Time |
|---|---|---|
| Record Date | August 17, 2026 | - |
| Remote E-voting Start | August 25, 2026 | 9:00 am |
| Remote E-voting End | August 27, 2026 | 5:00 pm |
| AGM Date | August 28, 2026 | 9:00 am |
Resolutions for Shareholder Approval
| Resolution Type | Description |
|---|---|
| Ordinary | Adoption of audited financial statements for FY26 |
| Ordinary | Declaration of dividend of Re 1 per share |
| Ordinary | Re-appointment of Mrs. Anubha Tayal (DIN: 00081391) |
| Ordinary | Re-appointment of Mr. Abhiram Tayal (DIN: 00081453) |
| Ordinary | Ratification of Cost Auditor's remuneration of ₹50,000 |
| Special | Appointment of Mr. Manish Jain (DIN: 00300805) as Independent Director |
| Special | Appointment of Mr. Shreyaskar Chaudhary (DIN: 00059059) as Independent Director |
Historical Stock Returns for Hisar Metal Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.06% | -0.96% | -4.36% | -7.59% | -28.13% | +0.68% |
How will the appointment of Mr. Shreyaskar Chaudhary influence Hisar Metal Industries' strategy towards sustainable practices and business operations?
Will the company maintain the current dividend payout ratio of Re 1 per share in the coming financial year given the adoption of the FY26 financial statements?
What specific governance expertise will Mr. Manish Jain bring to the Board, and how might it impact the company's approach to future litigation and corporate compliance?
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