Mold-Tek Packaging Limited declared a ₹3 per equity share final dividend for FY26, representing a 60% payout on the face value of ₹5. The declaration was made during the company’s 29th Annual General Meeting held on September 21, 2026.

The company shareholders approved several key governance changes alongside the dividend payout. The meeting, conducted via video conferencing, saw the attendance of 68 members and all nine directors.

Key Resolutions Passed

The members approved ordinary and special business items, including the adoption of audited financial statements for the year ended March 31, 2026. The statutory auditors’ report contained no qualifications or adverse remarks.

Board Appointments and Restructuring

Shareholders approved significant changes to the board composition:

• Appointment of Mr. Vasant Kumar Roy Chintamaneni as Non-Executive Independent Director.
• Re-appointment of Mr. A. Subramanyam, who retired by rotation.
• Change in designation for Mr. Subramanyam Adivishnu to Technical Director (Whole-Time Director).
• Change in designation for Mr. P. Venkateswara Rao to Commercial Director (Whole-Time Director).
• Appointment of Mr. Rana Pratap Janumahanti as Director-Marketing and Strategy (Whole-Time Director).

Capital Structure Changes

The AGM also approved an increase in authorized capital and the alteration of the capital clause in the Memorandum of Association. Additionally, shareholders approved the issue of bonus shares, subject to further regulatory filings.

What the Numbers Show

The approval of a 60% final dividend payout ratio signals strong cash generation relative to earnings for FY26. Combined with the authorization of bonus shares, the moves indicate management’s confidence in maintaining shareholder returns through both cash distributions and equity expansion.

Mold-Tek Packaging has scheduled its 29th Annual General Meeting (AGM) for Monday, September 21, 2026. The meeting aims to seek shareholder approval for a proposed 1:1 bonus issue of equity shares. The company will conduct the AGM through video conferencing or other audio-visual means.

The Board of Directors fixed Monday, September 14, 2026, as the record date for determining eligibility for the final dividend and voting rights at the AGM. Shareholders holding shares on this date will be entitled to vote on the resolutions presented.

Bonus issue details

The proposed capitalization involves issuing one fully paid-up equity share for every existing share held by eligible shareholders. This move is intended to reflect the company's financial resilience and enhance liquidity for retail investors.

The paid-up equity share capital will increase from ₹16,61,44,570 to ₹33,22,89,140. Correspondingly, the number of equity shares will rise from 3,32,28,914 to 6,64,57,828, with each share retaining a face value of ₹5. The company reported free reserves of ₹655 crore as on March 31, 2026, which is sufficient to fund the capitalization. The board clarified that the proposal will not impact solvency margins or other financial parameters.

Dividend and AGM logistics

The Register of Members and Share Transfer Books will remain closed from Tuesday, September 15, 2026, to Monday, September 21, 2026. This closure facilitates the AGM and finalizes dividend entitlements pursuant to Section 91 of the Companies Act, 2013, and Regulation 42 of the SEBI (LODR) Regulations, 2015.

The agenda for the AGM includes:

• Approval of the 1:1 bonus issue.
• Increase in authorized share capital.
• Appointment of new directors.

Authorized capital increase

The board approved increasing the authorized share capital from ₹20 crore (4 crore shares) to ₹40 crore (8 crore shares). This requires an amendment to Clause V of the Memorandum of Association and subsequent shareholder approval.

Board appointments

The company made two key board appointments subject to shareholder approval:

• Mr. Rana Pratap Janumahanti appointed as Director-Marketing and Strategy (Whole Time Director) effective October 1, 2026, for five years. He holds an MBA from IIM Lucknow and a Bachelor's in Industrial Engineering from IIT Delhi. He is the son of Chairman and Managing Director Lakshmana Rao Janumahanti.
• Mr. Chintamaneni Vasant Kumar Roy appointed as Additional Director and Non-Executive Independent Director effective August 26, 2026, for five years. He brings over four decades of experience in industrial sales, manufacturing, and entrepreneurship.

Additionally, the board noted the change in designation of Mr. Subramanyam Adivishnu to Technical Director (Whole-Time Director) and Mr. P. Venkateswara Rao to Commercial Director (Whole Time Director) effective April 1, 2027, for their remaining tenure till March 31, 2029.

Leadership transition

Chairman and Managing Director Lakshmana Rao Janumahanti highlighted the structured leadership transition, noting that Mr. Rana Pratap Janumahanti has been associated with the company for 14 years. He has played a key role in strengthening marketing initiatives and the pharmaceutical packaging business.