Munjal Showa Limited has scheduled its 41st Annual General Meeting (AGM) for Monday, August 24, 2026, to approve the audited financial statements for FY26 and declare a final dividend of ₹4.50 per equity share. The company is urging shareholders holding physical securities to update their Know Your Customer (KYC) details and register email addresses with their Depository Participants or Registrar and Transfer Agent (RTA) to ensure seamless access to the digital Annual Report and remote e-voting facilities. Failure to update these details may result in dividend payments being held in the Unpaid Dividend Account until compliance is achieved.

The Board of Directors has fixed Wednesday, August 05, 2026, as the record date for determining dividend entitlement. The book closure period runs from Thursday, August 06, 2026, to Monday, August 24, 2026. Shareholders eligible to vote are those holding shares as of Monday, August 17, 2026. Remote e-voting will be facilitated by Central Depository Services (India) Limited (CDSL) from Friday, August 21, 2026, at 9:00 a.m. IST to Sunday, August 23, 2026, at 5:00 p.m. IST.

Financial Performance and Operational Highlights

In FY26, Munjal Showa reported a 5.2% year-on-year increase in revenue from operations to ₹1,31,542 lakhs. However, profit after tax (PAT) fell 24% to ₹2,187 lakhs, driven by a significant drop in other income and an exceptional one-time charge related to new labour codes. Despite the earnings contraction, the company maintained its dividend payout, reflecting management’s confidence in long-term fundamentals.

Operating expenses remained relatively stable, with employee benefits increasing slightly to ₹12,307 lakhs. The company successfully transitioned from SAP ECC to SAP S/4HANA during the year to enhance process integration and data-driven decision-making.

Leadership Continuity and Board Re-appointments

A key agenda item at the AGM is the re-appointment of Mr. Yogesh Chander Munjal as Chairman & Managing Director for a further five-year term, effective September 01, 2026, to August 31, 2031. As he attained the age of 70 in February 2010, his continuation requires shareholder approval via a special resolution under Section 196(3) of the Companies Act, 2013. His proposed remuneration includes a basic salary of ₹32,50,000 per month and special pay of ₹3,00,000 per month, along with perquisites and a commission not exceeding 1% of net profits.

Mr. Neeraj Munjal and Mr. Tetsuya Katsumata, who joined the board in May 2025, offer themselves for re-appointment as directors liable to retire by rotation. Both bring extensive experience in the auto-component sector, with Mr. Munjal contributing 26 years and Mr. Katsumata 36 years of expertise.

Compliance and Investor Updates

The secretarial audit report highlighted minor compliance gaps, including a temporary shortfall in board strength following the resignation of Mr. Kazuhiro Nishioka in April 2025 and a delayed submission of board meeting outcomes to the National Stock Exchange. The company has since strengthened internal controls to prevent recurrence. Unpaid dividends amounting to ₹10,10,255 from FY2018 were transferred to the Investor Education and Protection Fund (IEPF) in October 2025, along with 13,473 equity shares that remained unclaimed for seven consecutive years.

Shareholders are reminded to update KYC details pursuant to SEBI Master Circular No. HO/38/13/(4)2026-MIRSD-POD/I/4298/2026 dated February 06, 2026. This circular mandates listed companies to record PAN, Address with PIN code, Mobile Number, Bank Account details, Specimen Signature, and choice of Nomination for security holders holding securities in physical mode. From April 1, 2024 onwards, dividends for non-compliant folios will be paid electronically only upon furnishing these details. Until then, such amounts remain in the Unpaid Dividend Account.

Munjal Showa Limited has scheduled its 41st Annual General Meeting (AGM) for Monday, August 24, 2026, at 11:00 AM IST through video conference. The company has fixed Wednesday, August 5, 2026, as the record date to determine the entitlement of members to dividend for the financial year 2025-26, subject to approval at the AGM. The dividend, if declared, will be paid electronically on or before Wednesday, September 23, 2026, in compliance with SEBI regulations.

The Register of Members and Share Transfer Books of the company will remain closed from Thursday, August 6, 2026, to Monday, August 24, 2026 (both days inclusive). The cut-off date for determining eligibility for remote e-voting and e-voting at the AGM is Monday, August 17, 2026. Only members holding shares as on this cut-off date will be entitled to vote.

Remote e-voting will commence on Friday, August 21, 2026, at 9:00 AM and conclude on Sunday, August 23, 2026, at 5:00 PM. Members who do not vote remotely may exercise their right during the AGM. The Notice of AGM and the Annual Report for FY26 are available on the company's website and the websites of BSE Limited and National Stock Exchange of India Limited.

Ravinder Sharma, Company Secretary & Compliance Officer, signed the notice on behalf of the Board of Directors. Shareholders holding shares in physical form must submit specific documents, including a self-attested PAN card and cancelled cheque, to the Registrar & Share Transfer Agent to receive dividends electronically.

Key Dates for Munjal Showa Limited AGM