Mukand fixes Aug 7 record date for Rs 3 dividend

Mukand Limited has fixed Friday, August 07, 2026, as the record date to determine shareholder eligibility for a dividend of ₹3 per equity share of ₹10 each. The payout, recommended by the Board at 30%, is subject to the approval of shareholders at the ensuing 88th Annual General Meeting (AGM). If approved, the dividend will be paid within thirty days from the date of declaration to members whose names appear in the Register of Members or the list of beneficial owners as on the record date.

88th Annual General Meeting

The 88th AGM is scheduled to be held on Wednesday, August 12, 2026, at 11:30 a.m. IST via Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The meeting will transact ordinary business, including the adoption of financial statements for the year ended March 31, 2026, and special business such as raising funds through debt instruments. The Notice of AGM and Annual Report for the financial year 2025-26 were sent to members on July 20, 2026.

Dividend and Corporate Actions

The Board has recommended a total dividend of ₹3 per equity share, which includes a special payout of ₹1 per share to celebrate 100 years of the Bajaj Group. Additionally, an 8% dividend has been proposed on 8% Cumulative Redeemable Preference Shares. Shareholders will also consider a special resolution to supersede previous approvals and raise up to ₹500 crore through redeemable non-convertible debentures (NCDs) on a private placement basis to finance capital expenditure and general corporate purposes.

Agenda Item	Details
Financial Statements	Adoption of standalone and consolidated financial statements for FY 2025-26
Equity Dividend	₹3 per share (includes special payout of ₹1)
Preference Share Dividend	8% on 8% Cumulative Redeemable Preference Shares
NCD Issuance	Approval to raise up to ₹500 crore via private placement
Director Re-appointment	Shri Nirav Bajaj (DIN: 08472468)

E-Voting and Participation

Remote e-voting commences on August 09, 2026, at 9:00 a.m. IST and concludes on August 11, 2026, at 5:00 p.m. IST. The cut-off date for determining voting eligibility is August 05, 2026. KFin Technologies Limited is the Registrar & Transfer Agent for the company. Shareholders may contact KFin Technologies Limited or the company's Corporate Secretarial Department for queries regarding remote e-voting or attending the e-AGM.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.59%	-4.70%	-0.21%	-1.11%	-1.47%	-1.84%

Mukand Limited has executed a term sheet with AGP DC Infra Private Limited for the sale of land parcels in Kalwa, Thane, for a composite consideration of approximately ₹506 crore. The agreement, signed on July 15, 2026, covers a total area of about 9.2 acres, including a northern access road, and involves the exchange of non-exclusive rights of way. The company has received an advance of ₹10 crore from the purchaser, with the final consideration subject to revision based on actual land measurement and regulatory approvals.

Key Deal Details

The following table summarises the key parameters of the land sale transaction:

Parameter:	Details
Buyer:	AGP DC Infra Private Limited
Asset Location:	Village Kalwa, Thane district
Total Land Area:	Approx. 9.2 Acres (8.78 Acres + 0.42 Acres)
Deal Value:	Approx. ₹506 crore
Rate:	₹55 crore per acre
Advance Received:	₹10 crore

Transaction Overview

The agreement involves the sale of land parcels admeasuring an aggregate of 35,548.93 square metres (approx. 8.78 Acres) and a portion of land admeasuring approx. 1,691.64 square metres (approx. 0.42 Acres) forming part of the Northern Access Road. The transaction includes the grant of a non-exclusive right of way by the purchaser to the company for five years over the 0.42-acre portion, and by the company to the purchaser in perpetuity over the remaining 1.68 Acres of the access road.

Conditions and Approvals

The sale is subject to necessary approvals, permissions, and No Objection Certificates (NOCs) from the Government of Maharashtra, the Collector of Thane, the Gram Panchayat, and other concerned authorities. Completion is also contingent upon the fulfilment of conditions precedent, joint survey, demarcation of the land, and the purchaser's satisfaction with technical and legal due diligences. The company stated that the sale is not expected to impact its operations and does not constitute the sale of a substantial undertaking under Section 180(1)(a) of the Companies Act, 2013.