IVP Limited shareholders approved a final dividend of ₹1.5 per equity share and re-appointed two independent directors at its 97th Annual General Meeting (AGM) held on August 6, 2026. The virtual meeting, chaired by Chairman Rajkumar Lekhwani, concluded with the passage of all eight resolutions, signaling strong shareholder confidence in the company’s governance and financial direction for the financial year ended March 31, 2026.

The AGM was conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM) in compliance with Ministry of Corporate Affairs and SEBI circulars. Remote e-voting commenced on August 3, 2026, and concluded on August 5, 2026. Aqueel A. Mulla of A. A. Mulla & Associates served as the scrutinizer for the voting process, which was facilitated by Central Depository Services (India) Limited (CDSL). The cut-off date for voting eligibility was July 30, 2026.

Voting Results and Resolutions

Shareholders cast votes on ordinary and special business items. The promoter group, holding 7,364,316 shares, participated actively, polling 97.61% of their outstanding shares. Public non-institutional shareholders polled 0.07% of their holdings. Institutional public shareholders did not cast any votes.

The dividend resolution received unanimous support among those who voted. The re-appointment of Mr. Anwar Chauhan, who retires by rotation, and the statutory auditors passed with only one vote cast against each. Similarly, the special resolutions to re-appoint independent directors Ranjeev Lodha and Mala Tadarwal each received one vote against, with the remainder in favor.

Governance and Compliance

The Board of Directors also sought approval for the commission payable to non-executive directors and the ratification of remuneration for cost auditors for the financial year ending March 31, 2027. Both resolutions were passed with overwhelming support.

Mr. Mandar Joshi briefed members on the company’s progress during FY25-26 and outlined future growth prospects. The Chairman highlighted social initiatives and financial highlights during his address. Statutory and secretarial auditors were present at the meeting, with the secretarial auditor joining virtually. No qualifications were noted in the statutory or secretarial audit reports.

What the Numbers Show

The high participation rate from the promoter group (97.61%) underscores strong insider alignment with shareholder interests. The minimal dissent—only one vote against in six of the eight resolutions—indicates broad consensus on the board’s composition and financial stewardship. The declaration of a ₹1.5 dividend per share provides immediate value to investors, reflecting the company’s cash generation capabilities post-FY26.

IVP Limited shareholders approved the re-appointment of M/s Rajendra & Co. as statutory auditors for a five-year term at the company’s 97th Annual General Meeting (AGM) held on August 6, 2026. This decision ensures continuity in financial oversight for the next cycle, with the firm serving its second consecutive term until the conclusion of the 102nd AGM in 2031.

The appointment was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company had previously submitted the required disclosures under Regulation 30 read with Schedule III of the SEBI Listing Regulations, along with SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026, to the stock exchanges via intimation letter Ref. No: IVPSEC/SE/370/05/2026-27 dated May 21, 2026.

Auditor Details

The firm will hold office from the conclusion of the current 97th AGM until the conclusion of the 102nd AGM of the Company to be held in the year 2031. This marks the second consecutive term for M/s Rajendra & Co., Chartered Accountants.