Netweb Technologies shareholders approve ₹3 dividend, re-appoint Navin Lodha
- Shareholders approved a final dividend of ₹3.00 per share (150% of face value) for FY26
- Navin Lodha was re-appointed as director despite 7.45% dissent from public institutions
- Profit-based commissions for four whole-time directors were approved via special resolutions
- Total voting participation stood at 77.57% of outstanding shares across all resolutions
- All eight resolutions passed with requisite majority, led by promoter group support
*this image is generated using AI for illustrative purposes only.
Netweb Technologies India Limited shareholders approved a final dividend of ₹3.00 per equity share during the company’s 27th Annual General Meeting held on September 19, 2026. The payout represents a 150% return on the face value of equity shares for FY26.
The meeting concluded at 4:30 pm, with an additional 30 minutes allocated for e-voting until 5:00 pm. Sanjay Lodha, Chairman and Managing Director, chaired the proceedings.
Key Resolutions Approved
Shareholders voted on several ordinary and special resolutions. The detailed voting results, scrutinized by P.C Jain & Co., confirmed approval for all agenda items.
- Adoption of audited financial statements for FY26 along with Board and Auditor reports.
- Re-appointment of Navin Lodha as a director following his retirement by rotation.
- Ratification of cost auditors' remuneration for FY27.
- Approval of profit-based commissions for four whole-time directors: Sanjay Lodha, Navin Lodha, Vivek Lodha, and Niraj Lodha.
Voting Results Breakdown
The company reported 2,63,559 members as on the record date of September 11, 2026. Participation included five promoter group members and 115 public shareholders attending via video conference. Remote e-voting ran from September 16 to September 18, 2026.
| Resolution | Category | Votes In Favour | Votes Against | % Approval |
|---|---|---|---|---|
| Financial Statements Adoption | Ordinary | 46,038,248 | 36 | 99.99% |
| Final Dividend (₹3.00/share) | Ordinary | 46,114,868 | 120 | 99.99% |
| Re-appointment of Navin Lodha | Ordinary | 30,289,075 | 580,949 | 98.12% |
| Cost Auditors' Remuneration | Ordinary | 46,114,949 | 39 | 99.99% |
| Commission to Sanjay Lodha | Special | 30,972,971 | 7,861 | 99.97% |
| Commission to Navin Lodha | Special | 38,484,643 | 7,861 | 99.98% |
| Commission to Vivek Lodha | Special | 38,484,642 | 7,862 | 99.98% |
| Commission to Niraj Lodha | Special | 38,484,642 | 7,862 | 99.98% |
The re-appointment of Navin Lodha saw significant dissent from public institutional investors, who voted against the resolution by 7.45%. However, promoter group support ensured the resolution passed with a 98.12% overall approval rate.
MUFG Intime India Private Limited served as the registrars and transfer agents. The Scrutinizer’s Report has been submitted to stock exchanges.
Historical Stock Returns for Netweb Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.42% | +0.35% | +2.55% | +32.77% | +20.33% | +419.74% |
How might the 150% dividend payout ratio impact Netweb Technologies' capital allocation strategy and funding for future R&D initiatives in FY27?
What are the potential market implications of the 7.45% dissent from public institutional investors regarding Navin Lodha's re-appointment?
Will the approved profit-based commissions for the Lodha family directors incentivize specific performance metrics, and how will these be measured in the upcoming fiscal year?
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