Kamdhenu approves FY26 financials and 40% dividend at AGM
- Kamdhenu Limited approved FY26 audited financials and declared a 40% dividend per share
- All six resolutions passed at the 32nd AGM held via video conferencing on September 25, 2026
- Scrutinizer's report confirms no invalid votes; dividend resolution received 99.99% support
- Related party remuneration resolution passed with 96.13% in favor, marking the lowest support among all items
*this image is generated using AI for illustrative purposes only.
Kamdhenu Limited approved its audited financial statements for FY26 and declared a dividend of 40% per equity share during its 32nd Annual General Meeting held on September 25, 2026. The company has now submitted the scrutinizer's report confirming the voting results.
The meeting was conducted through video conferencing in compliance with Ministry of Corporate Affairs circulars. Satish Kumar Agarwal, Chairman of the Board, presided over the proceedings. The quorum requirement was satisfied with 51 members present at the start, rising to 89 by the conclusion of the meeting. Voting was conducted via remote e-voting and instapoll during the meeting, facilitated by KFin Technologies Limited.
Resolutions passed
Shareholders adopted the reports of the Board of Directors and auditors, which contained no qualifications or adverse remarks. Key resolutions included the re-appointment of directors and ratification of auditor remuneration. All six resolutions were passed with significant majorities.
| Item | Resolution Type | Details | Result |
|---|---|---|---|
| Financial Statements | Ordinary | Adoption of audited FY26 financials | Passed |
| Dividend | Ordinary | Declaration of 40% per equity share (face value ₹1) | Passed |
| Director Re-appointment | Ordinary | Re-appointment of Satish Kumar Agarwal | Passed |
| Cost Auditor Remuneration | Ordinary | Ratification for K.G. Goyal & Associates for FY27 | Passed |
| Independent Director | Special | Re-appointment of Pravin Tripathi for five years | Passed |
| Related Party Remuneration | Ordinary | Approval of remuneration for Vipil Agarwal | Passed |
Meeting proceedings and voting details
The Company Secretary, Khem Chand, informed members that remote e-voting facilities were provided by KFin Technologies Limited. Voting results have been declared following the receipt of the Scrutinizer's report from Chandrasekaran Associates. Harish Kumar Agarwal, Chief Financial Officer, briefed members on business operations during FY26.
The scrutinizer's report confirmed that no votes were declared invalid across all resolutions. For the dividend declaration, 99.99% of valid votes cast were in favor. Similarly, the adoption of financial statements saw 99.99% support. The re-appointment of Satish Kumar Agarwal received 99.99% support, while the special resolution for Pravin Tripathi's re-appointment as Independent Director passed with 99.99% support.
The resolution regarding the remuneration of related party Vipil Agarwal saw a lower margin of support at 96.13%, with 3.87% voting against. This contrasts sharply with the near-unanimous approval for other governance and financial items.
The meeting concluded at 1:02 pm after a vote of thanks by Saurabh Agarwal, Non-Executive Director.
Historical Stock Returns for Kamdhenu
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.94% | +1.16% | +15.59% | +103.05% | +42.77% | +97.92% |
How will the declared 40% dividend impact Kamdhenu Limited's cash flow position and capacity for future capital expenditure in FY27?
What specific operational or market factors drove the 3.87% dissenting vote against Vipil Agarwal’s related party remuneration, and could this signal governance concerns?
Given the clean audit opinion and strong shareholder support, how might this stability influence Kamdhenu's stock valuation relative to peers in the steel sector?
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