ISGEC Heavy Engineering shareholders approve ₹6 dividend for FY26
- ISGEC Heavy Engineering declared a dividend of ₹6 per share for FY26
- Shareholders approved the appointment of Sanjay Gulati as Director
- The 93rd AGM was held virtually with 91 members in attendance
- Audited financial statements for FY26 were adopted without qualifications
*this image is generated using AI for illustrative purposes only.
ISGEC Heavy Engineering Limited shareholders approved a final dividend of ₹6 per equity share of face value ₹1 each for the financial year ended March 31, 2026. The decision was taken during the company's 93rd Annual General Meeting held on September 28, 2026.
The meeting was conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM), in compliance with Ministry of Corporate Affairs and SEBI circulars. The requisite quorum was present, with 91 members attending the virtual session out of 39,332 eligible members as on the cut-off date of September 21, 2026.
Key resolutions passed
The shareholders adopted the audited standalone and consolidated financial statements for FY26. Additionally, they ratified the appointment of Mr. Sanjay Gulati as a Director liable to retire by rotation. The meeting also covered special business items regarding auditor remuneration and related party transactions.
| Agenda Item | Resolution Type | Status |
|---|---|---|
| Adoption of standalone financial statements (FY26) | Ordinary Resolution | Passed |
| Adoption of consolidated financial statements (FY26) | Ordinary Resolution | Passed |
| Declaration of dividend of ₹6 per share | Ordinary Resolution | Passed |
| Appointment of Mr. Sanjay Gulati as Director | Ordinary Resolution | Passed |
| Ratification of cost auditor remuneration (FY27) | Ordinary Resolution | Passed |
| Revision in remuneration of Ms. Nayna Puri (Related Party) | Ordinary Resolution | Passed |
Governance and compliance updates
Mr. Ranjit Puri, Chairman, chaired the meeting, while Mr. Aditya Puri, Managing Director, provided an overview of the company's performance. The Company Secretary, Mr. Sachin Saluja, informed members that the statutory and secretarial audit reports contained no qualifications or adverse remarks.
Voting was facilitated through remote e-voting, which commenced on September 25, 2026, and concluded on September 27, 2026. The consolidated voting results are scheduled to be disclosed on the company website and stock exchange platforms within two working days of the meeting's conclusion.
Special window for physical securities
The Company Secretary highlighted that SEBI has opened a special window from February 5, 2026, to February 4, 2027, for the re-lodgement of transfer requests and dematerialisation of physical securities. This facility applies to securities sold or purchased prior to April 1, 2019, including cases previously rejected or pending due to documentation deficiencies.
Historical Stock Returns for Isgec Heavy Engineering
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.46% | +12.74% | +16.02% | -2.25% | -5.15% | 0.0% |
How does the ₹6 per share dividend payout ratio compare to ISGEC's historical trends and industry peers for FY26?
What impact will the ratification of Mr. Sanjay Gulati’s directorship have on the company's strategic direction in the heavy engineering sector?
How might the revised remuneration for Ms. Nayna Puri influence perceptions of corporate governance among institutional investors?
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