KEI Industries shareholders approve all five resolutions at 34th AGM
- All five resolutions passed at KEI Industries' 34th AGM held on September 28, 2026
- Shareholders confirmed final dividend of ₹4.50 per share with 99.99% approval
- Re-appointment of Anil Gupta as Director received 92.04% votes in favour
- Akshit Diviaj Gupta re-appointed as Whole-time Director for five years with 99.82% support
*this image is generated using AI for illustrative purposes only.
KEI Industries Limited shareholders approved all five resolutions tabled at the company's 34th Annual General Meeting (AGM), held on September 28, 2026. The meeting confirmed the final dividend of ₹4.50 per equity share and ratified key director appointments.
The AGM was conducted through Video Conference / Other Audio Visual Means (VC/OAVM) in compliance with Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI) guidelines. Remote e-voting was facilitated by National Securities Depository Limited (NSDL), commencing on September 25, 2026, and ending on September 27, 2026.
Key Resolutions Passed
The Board of Directors placed several items of business before the members for approval. These included the adoption of standalone and consolidated financial statements, as well as administrative appointments. The following resolutions were tabled:
- Adoption of Audited Standalone and Consolidated Financial Statements for FY26.
- Confirmation of interim dividend of ₹4.50 per equity share as the final dividend for FY26.
- Re-appointment of Anil Gupta (DIN: 00006422) as Director retiring by rotation.
- Ratification of remuneration for Cost Auditors M/s. S. Chander & Associates for FY27.
- Re-appointment of Akshit Diviaj Gupta (DIN: 07814690) as Whole-time Director for five years.
Voting Results Breakdown
According to the Scrutinizer's Report submitted by Mr. Sumit Kumar, all resolutions passed with significant support. The dividend confirmation saw near-unanimous approval, while the re-appointment of Anil Gupta received 92.04% votes in favour.
| Resolution | Votes in Favour (%) | Votes Against (%) | Status |
|---|---|---|---|
| Adoption of Financial Statements | 99.77 | 0.23 | Passed |
| Confirmation of Final Dividend | 99.99 | 0.00 | Passed |
| Re-appointment of Anil Gupta | 92.04 | 7.96 | Passed |
| Ratification of Cost Auditor Remuneration | 99.99 | 0.00 | Passed |
| Re-appointment of Akshit Diviaj Gupta | 99.82 | 0.18 | Passed |
Participation and Attendance Details
The meeting recorded participation from both promoter group and public shareholders via physical presence and virtual means. The total number of shareholders on the record date (September 21, 2026) stood at 1,79,438.
| Metric | Details |
|---|---|
| Record Date | September 21, 2026 |
| Total Members | 1,79,438 |
| Promoter Group Attendance | 8 (2 physical/authorized, 6 VC/OAVM) |
| Public Attendance | 433 (2 physical/authorized, 431 VC/OAVM) |
| Meeting Duration | 3:00 pm to 4:32 pm |
Anil Gupta, Chairman-cum-Managing Director, delivered a formal speech on company performance and future outlook. Pawan Kumar Agarwal, Statutory Auditor from M/s. Pawan Shubham & Co., confirmed no qualifications in the Audit Report for FY26. Mr. Sumit Kumar served as the Scrutinizer for the e-voting process.
Voting results, along with the Scrutinizer’s Report and Minutes, have been submitted to stock exchanges and displayed on the company website.
Historical Stock Returns for KEI Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.80% | -8.19% | -8.11% | -11.70% | +3.43% | +333.46% |
How will KEI Industries' FY26 financial performance and dividend payout influence its valuation multiples relative to peers in the electrical equipment sector?
What specific growth strategies did Chairman Anil Gupta outline in his speech regarding capacity expansion or product diversification for the upcoming fiscal year?
How might the 7.96% dissenting votes against Anil Gupta's re-appointment reflect on shareholder sentiment regarding corporate governance or management performance?
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