M K Exim approves FY26 results, recommends dividend

M K Exim (India) Limited announced that its Board of Directors has approved the financial results for the fiscal year ended March 31, 2026, along with a recommended dividend for shareholders. The decision was taken during a board meeting held on August 18, 2026.

Governance and Director Changes

The board recommended several key governance resolutions for shareholder approval at the upcoming 34th Annual General Meeting (AGM), scheduled for September 25, 2026.

Key personnel decisions include:

Continuation of Whole-Time Director: The board proposed the continuation of Mr. Murli Wadhuma Dialani as Whole-Time Director until September 27, 2029, notwithstanding his attaining the age of 70 during his tenure. He is a relative of Managing Director Mr. Manish Murlidhar Dialani and Whole-Time Director Mrs. Lajwanti Murlidhar Dialani.
Re-appointment of Independent Director: Mr. Gaurav L Patodia was recommended for re-appointment as a Non-Executive Independent Director for a second term of five years, effective from November 13, 2026, to November 12, 2031.

Remuneration Revisions

The nomination and remuneration committee recommended increases in director pay, which the board approved within limits specified under the Companies Act, 2013, and SEBI (LODR) Regulations, 2015:

Mrs. Lajwanti Murlidhar Dialani (Whole-Time Director): Remuneration increased to ₹60 lakh per annum.
Mr. Manish Murlidhar Dialani (Managing Director): Remuneration increased to ₹84 lakh per annum.

Strategic and Financial Decisions

Beyond governance, the board addressed several strategic matters:

Property Transactions: The board considered the purchase of a property at Plot No. J-1247, Sitapura Industrial Area, Jaipur, and the sale of the company’s existing registered office property at G-1/150, Garment Zone, Sitapura.
Investment Authority: Approval was granted to invest surplus funds up to ₹5 crore in securities of other companies.
Related Party Transactions: The board sought shareholder approval for material related-party transactions with M/s Manish Overseas, M/s Laaj International, M/s Lewanna, and associate company M/s Kolba Farm Fab Pvt Ltd.

AGM Details

The 34th AGM will be conducted via Video Conferencing or Other Audio-Visual Means from the company’s registered office in Jaipur. The book closure period for dividend entitlement is set from September 19, 2026, to September 25, 2026, with September 18, 2026, as the record date for e-voting eligibility. Ms. Anshu Parikh of A. Parikh & Company has been appointed as the scrutinizer for the voting process.

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M. K. Exim (India) Limited has scheduled a meeting of its Board of Directors for Tuesday, August 18, 2026, at Mittal Industrial Estate in Mumbai. The primary objective of the gathering is to convene the company’s 34th Annual General Meeting (AGM) and approve the Notice for the same. This procedural step is critical for shareholders as it sets the timeline for reviewing the company’s performance for the Financial Year ended March 31, 2026, and voting on key corporate governance matters.

The Board will also approve the Director’s Report along with annexures, including the Management Discussion and Analysis Report and the Corporate Governance Report for FY26. These documents provide investors with a comprehensive view of the company’s operational health and strategic direction. The Board will fix the date, time, and venue for the AGM, as well as determine the Book Closure or Record Date for dividend declaration purposes. A Scrutinizer will be appointed to oversee the Remote E-voting process and voting during the AGM, ensuring compliance with regulatory standards.

Key Agenda Items

Beyond the standard AGM preparations, the Board has listed several material decisions for consideration. The following table outlines the specific resolutions and appointments on the agenda:

Agenda Item	Details
Director Appointments	Re-appointment of Mr. Gaurav L Patodia as Non-Executive Independent Director for a second five-year term; Continuation of Mr. Murli Wadhmal Dialani as Whole-time Director upon attaining age 70.
Remuneration Revision	Increase in remuneration for Executive Directors Mr. Manish Murlidhar Dialani (Managing Director) and Mrs. Lajwanti Murlidhar Dialani (Whole-time Director).
Property Transactions	Purchase of property at Plot No. J-1247, Sitapura Industrial Area, Jaipur; Sale of property at G-1/150, Garment Zone, Sitapura Industrial Area, Jaipur.
Other Matters	Approval of material related party transactions; Investment in securities of other companies.

The re-appointment of Mr. Gaurav L Patodia marks a significant governance continuity, as he is being considered for his second consecutive five-year term as a Non-Executive Independent Director. Similarly, the Board will address the statutory requirement regarding Mr. Murli Wadhmal Dialani, who will attain the age of 70 during his tenure, necessitating a specific resolution for his continuation as Whole-time Director.

Strategic Implications

The inclusion of property transactions on the agenda suggests potential shifts in the company’s asset base. The proposed purchase of a property at Plot No. J-1247 in Sitapura Industrial Area, Jaipur, may indicate expansion plans or consolidation of operational facilities. Conversely, the sale of the property located at G-1/150, Garment Zone, Sitapura Industrial Area, could reflect a strategy to optimize asset utilization or raise capital. The Board will also consider investments in securities of other companies, which may diversify the firm’s income streams.

Compliance with Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR), mandates this disclosure. The meeting aims to ensure all corporate actions are aligned with legal frameworks and shareholder interests. Shareholders should monitor subsequent communications for the confirmed AGM date and record date, which will determine eligibility for dividends and voting rights.