La Opala RG Limited shareholders approved all six resolutions at its 39th Annual General Meeting (AGM) held on August 27, 2026, including a final dividend of ₹5.00 per equity share for FY26.

The virtual meeting, conducted via Video Conferencing/Other Audio Visual Means (VC/OAVM), commenced at 2:00 pm and concluded at 4:16 pm. Mr. Ajit Jhunjhunwala, Vice Chairman and Managing Director, presided over the proceedings. The quorum was present throughout the session.

Voting Participation

As on the record date of August 20, 2026, there were 63,393 eligible shareholders holding a total of 111,000,000 equity shares. A total of 75 shareholders attended the meeting through VC/OAVM, comprising 11 from the promoter group and 64 public shareholders. Remote e-voting was available from August 24, 2026, at 9:00 am to August 26, 2026, at 5:00 pm.

The consolidated voting results show high participation from institutional investors, with 99.3% of institutional shares polled across most resolutions. Promoter group participation varied by resolution, with full participation in ordinary business items but lower engagement in the special resolution regarding Mr. Abhyuday Jhunjhunwala’s appointment.

Ordinary Business Outcomes

Shareholders transacted the following ordinary business items:

• Adoption of the financial statements for FY26, along with the reports of the Board of Directors and Auditors.
• Declaration of the final dividend at 250%, amounting to ₹5.00 per equity share.
• Re-appointment of Mrs. Nidhi Jhunjhunwala (DIN: 01144803) as a Director, who retires by rotation and offered herself for re-election.

All three ordinary resolutions passed with overwhelming support. The adoption of financial statements received 99.999% affirmative votes, while the dividend declaration saw 99.9996% support. Mrs. Nidhi Jhunjhunwala’s re-appointment secured 99.9974% approval.

Special Business Outcomes

The meeting addressed three special business items involving board appointments:

• Re-appointment of Ms. Suparna Chakrabortti (DIN: 07090308) as a Non-Executive Woman Independent Director for a second term of five years, from January 27, 2027, to January 26, 2032.
• Appointment of Mr. Saradindu Dutta (DIN: 00058639) as a Non-Executive Independent Director for a five-year term, commencing July 8, 2026, and ending July 7, 2031.
• Appointment of Mr. Abhyuday Jhunjhunwala as Vice President – Business Development, holding an office or place of profit in the company.

All special resolutions were duly approved by members with requisite majority. Ms. Chakrabortti’s re-appointment received 99.9968% support, while Mr. Dutta’s appointment saw 99.997% approval. The appointment of Mr. Abhyuday Jhunjhunwala passed with 87.55% affirmative votes, reflecting significant dissent primarily from public non-institutional holders.

Governance and Attendance

Key managerial personnel and directors attended the meeting via VC/OAVM. The statutory auditors, M/s. Singhi & Co., represented by Partner Mr. Giridhari Lal Choudhary, and the secretarial auditor, Mr. Pravin Kumar Drolia, were also present. Mr. Drolia served as the Scrutinizer for the voting process.

Voting continued during the AGM and remained open for 15 minutes post-conclusion for participants who had not voted remotely. The final voting results and Scrutinizer’s Report have been submitted to the BSE and NSE in compliance with Regulation 44(3) of the SEBI Listing Regulations.

Mr. Ajit Jhunjhunwala responded to shareholder queries regarding the company’s operations and accounts before concluding the meeting.

La Opala RG reported a modest improvement in profitability for the first quarter, with net profit rising to ₹262 million from ₹254 million in the corresponding period last year. This represents a year-on-year growth of approximately 3%. The company’s revenue expanded by 9% to reach ₹713 million, up from ₹653 million previously.

Despite the top-line growth, operating efficiency faced slight pressure. EBITDA increased to ₹259 million from ₹241 million, but the margin contracted to 36.31% from 36.97% in the prior year quarter. This divergence between revenue growth and margin contraction suggests that costs rose at a faster pace than sales during the period.

Financial Performance

What the Numbers Show

The data reveals a decoupling between revenue growth and operating leverage. While revenue grew by 9.2%, EBITDA grew by only 7.5%, leading to the margin compression. Furthermore, net profit growth (3.1%) lagged behind both revenue and EBITDA growth rates. This indicates that non-operating expenses or tax burdens may have increased disproportionately relative to the operating income generated, absorbing much of the operational gain.