Kajaria Ceramics AGM passes dividend and director re-appointment resolutions
- Kajaria Ceramics passed all four ordinary resolutions at its 40th AGM on September 15, 2026
- Final dividend of ₹6 per share and FY26 financial statements received nearly unanimous support
- Directors Chetan Kajaria and Rishi Kajaria were re-appointed with 99.48% vote approval
- Public institutional investors cast over 670,000 votes against the director re-appointments
*this image is generated using AI for illustrative purposes only.
Kajaria Ceramics declared the voting results of its 40th Annual General Meeting held on September 15, 2026. All four ordinary resolutions were passed with requisite majority.
The company confirmed the final dividend of ₹6 per equity share and the re-appointment of directors Chetan Kajaria and Rishi Kajaria. The scrutinizer report was issued on September 16, 2026, by M/s. Chandrasekaran Associates.
Voting Results
Shareholders voted overwhelmingly in favour of adopting the audited financial statements for FY26 and declaring the final dividend. The resolutions received nearly unanimous support from promoters and institutional investors.
| Resolution | Votes For | Votes Against | % For |
|---|---|---|---|
| Adopt Financials | 128,760,907 | 26 | 99.99998% |
| Declare Dividend | 128,927,139 | 19 | 99.99999% |
| Re-appoint Chetan Kajaria | 128,250,000 | 670,790 | 99.47969% |
| Re-appoint Rishi Kajaria | 128,250,000 | 670,790 | 99.47969% |
Director Re-appointments
Chetan Kajaria (DIN: 00273928) and Rishi Kajaria (DIN: 00228455) retired by rotation and offered themselves for re-appointment. Both were eligible under company regulations.
The re-appointment resolutions saw significant dissent from public institutional investors, who cast 670,750 votes against each resolution. Promoter group votes, representing 75,955,231 shares, were entirely in favour.
Key Attendees
The following key personnel participated in the meeting:
- Ashok Kajaria, Chairman
- Chetan Kajaria, Vice Chairman
- Rishi Kajaria, Managing Director
- Dev Datt Rishi, Non-Executive Director
- Dr. Lalit Kumar Panwar, Independent Director
- Sudhir Bhargava, Independent Director
- Ambika Sharma, Independent Director
- Pradeep Udhas, Independent Director
Sanjeev Agarwal, Chief Financial Officer, and Vinit Kumar, General Counsel & Company Secretary, were in attendance. Statutory Auditors Walker Chandiok & Co LLP and Secretarial Auditors Chandrasekaran Associates also represented their firms.
Governance Details
The meeting was conducted through Video Conferencing/Other Audio Visual Means in compliance with Ministry of Corporate Affairs Circulars and SEBI Listing Regulations. The record date for voting eligibility was September 8, 2026. Total outstanding shares stood at 157,143,050.
Historical Stock Returns for Kajaria Ceramics
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.17% | -2.76% | -3.01% | +33.57% | -0.37% | +5.74% |
What strategic initiatives or capital allocation plans will Kajaria Ceramics prioritize following the approval of FY26 financials?
How might the dissenting votes from institutional investors regarding director re-appointments influence future corporate governance reforms at the company?
Will the declared dividend of ₹6 per share signal a change in the company's payout policy, and how does this compare to historical trends?
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