Kamdhenu Limited has scheduled its 32nd Annual General Meeting (AGM) for September 25, 2026. The Board recommended a final dividend of Re 0.40 per equity share for FY26, subject to shareholder approval.

The meeting will be held via Video Conferencing or Other Audio-Visual Means (VC/OAVM) at 12:00 noon IST. The company designated September 18, 2026, as the record date to determine shareholder eligibility for the dividend payout.

Voting Schedule

Shareholders whose names appear in the Register of Members as of the cut-off date will be eligible to vote electronically. The remote e-voting window opens on Tuesday, September 22, 2026, at 9:00 am and closes on Thursday, September 24, 2026, at 5:00 pm.

Dividend and TDS Details

The final dividend is payable to shareholders holding equity shares as on the record date. Payment will be made within 30 days of declaration. As dividends are taxable under the Income-tax Act, 2025, the company will deduct tax at source (TDS) at applicable rates.

For resident shareholders with a valid PAN, the TDS rate is 10%, unless the total dividend in FY26 does not exceed ₹10,000, in which case no tax is deducted. Shareholders without a valid or operative PAN face a 20% TDS rate. Non-resident shareholders are subject to 20% plus applicable surcharge and cess, or lower treaty rates if documentation is provided.

Shareholders must submit required documents, such as Form 121 for nil deduction or Tax Residency Certificates for treaty benefits, by September 10, 2026. Late submissions will result in tax deduction at higher rates. Shareholders are also advised to update bank account details and KYC information before the record date to ensure timely electronic credit of dividends.

Regulatory Compliance

The intimation is issued in compliance with Regulation 30 and Regulation 42 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. The Notice of the 32nd AGM and the Annual Report for FY26 will be sent via email to shareholders registered as of August 28, 2026. These documents will also be available on the company’s website and stock exchange portals.

Kamdhenu reported a record net profit after tax (PAT) of ₹28.69 crore for the quarter ended June 30, 2026 (Q1FY27), marking a 34% year-on-year increase from ₹21.42 crore in the corresponding period last year. The steel products manufacturer also posted its highest-ever profit before tax (PBT) of ₹36.43 crore, driven by a 9% rise in revenue from operations to ₹213.35 crore and a significant surge in other income. The Board of Directors explicitly noted during its meeting on July 29, 2026, that the company has achieved the highest-ever PBT and PAT in its history, underscoring strong operational execution and margin expansion.

The unaudited financial results were approved by the Board following a limited review by statutory auditors S S Kothari Mehta & Co. LLP. The results were prepared in accordance with Indian Accounting Standards (Ind AS) and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Kamdhenu also announced the convening of its 32nd Annual General Meeting (AGM), with further details to be communicated separately.

Financial Performance Highlights

Kamdhenu’s top-line growth was accompanied by robust bottom-line expansion. Total revenue from operations rose to ₹213.35 crore from ₹195.78 crore in Q1FY26. This growth was supported by higher sales from own facilities and increased franchisee volumes. Profit before tax margin expanded significantly to 17.1%, up from 14.6% in the previous year’s first quarter. Earnings per share (basic) stood at ₹1.02, up from ₹0.76 in Q1FY26.

Operational Drivers and Income Composition

The surge in profitability was fueled by volume growth across both manufacturing and franchise channels. Volume from own facilities increased by 6% to 31,900 metric tons, while franchisee volumes grew by 9% to 10.3 lakh metric tons. Satish Kumar Agarwal, Chairman & Managing Director, attributed this to strong execution and the resilience of the branded business model. He noted that Southern India remains a key strategic focus for expanding market share.

A notable component of the quarter's performance was the rise in other income to ₹17.39 crore from ₹8.62 crore in Q1FY26. This increase was primarily driven by unrealized and realized gains on investments measured at fair value through profit or loss, which totaled ₹15.91 crore for the quarter. This contrasts sharply with the previous quarter, where such investments resulted in a loss of ₹11.38 crore.

What the Numbers Show

The expansion in PBT margin from 14.6% to 17.1% indicates effective cost management alongside volume growth. However, management noted that PBT during the quarter included an additional ~₹1.76 crore of legal expenses and ~₹3 crore of fuel costs due to the impact of the West Asia war. Excluding these one-off items, PBT growth would have been 44% YoY. The disproportionate rise in other income highlights the volatility of investment returns, which contributed significantly to the record PAT figure. With over 12,500 dealers and 500 distributors, the brand’s ability to drive growth through partners rather than just heavy capex underscores its operational leverage. Investors should monitor whether the new solar plant’s projected savings materialize as stated, further enhancing bottom-line resilience against energy cost volatility.