New Swan Multitech Limited declared a final dividend of ₹0.50 per equity share for FY26, representing a 5% payout on the face value of ₹10 each. The declaration was approved by shareholders at the 12th Annual General Meeting held on September 30, 2026.

The dividend will be paid to all eligible members as on the record date of September 23, 2026. The company stated that the payment will be made within 30 days from the date of approval by the members in the Annual General Meeting.

AGM proceedings and voting results

The meeting was held via video conferencing, commencing at 3:00 pm and concluding at 3:43 pm. Upkar Singh, Managing Director and Chairman, called the meeting to order after confirming the requisite quorum. Ms. Tanveer Kaur, Company Secretary and Compliance Officer, briefed members on electronic voting procedures. Remote e-voting was open from September 27 to September 29, 2026, facilitated by Bigshare Services Private Limited. Sh. Madan Gopal Jindal, Proprietor of M/s M.G. Jindal & Associates, served as scrutinizer to ensure a fair and transparent voting process.

All seven resolutions passed unanimously, with each receiving 14038160 votes in assent, representing 100% of total votes cast. The agenda covered both ordinary and special business:

• Adoption of audited financial statements for FY26.
• Declaration of a final dividend at 5%, amounting to ₹0.50 per equity share.
• Confirmation of the appointment of Mrs. Manmeet Kaur, Director retiring by rotation.
• Ratification of Cost Auditor's remuneration for FY27.
• Re-appointment and re-designation of Mr. Barunpreet Singh Ahuja as Whole-Time Director for five years (Special Resolution).
• Approval of material related party transactions with New Swan Enterprise.
• Alteration of Articles of Association to include a clause for dividend waiver (Special Resolution).

Voting breakdown

The consolidated scrutinizer's report confirmed unanimous approval for all items. Members eligible to vote were those on record as of the cut-off date of September 23, 2026.

Chairman's address highlights

In his address to members, Upkar Singh attributed the dividend declaration to the company's strong financial performance for FY26. He emphasized that the payout is in consonance with the company's policy of rewarding shareholders on a consistent basis. The chairman noted that this decision reflects the company's commitment to creating value for its shareholders and expressed gratitude for their continued confidence.

All relevant records relating to remote e-voting and e-voting at the AGM will remain in the scrutinizer's custody until the chairman approves and signs the minutes of the 12th AGM, after which they will be handed over to the Chairman or Company Secretary for safe keeping.

New Swan Multitech approved its audited annual results for FY26 and recommended a final dividend of ₹0.50 per equity share. The Board of Directors held its meeting on September 5, 2026, in Ludhiana, Punjab.

The company reported revenue from operations of ₹17,723.36 lakh for the financial year ended March 31, 2026, an increase from ₹15,974.93 lakh in the previous year. However, net profit after tax declined to ₹958.56 lakh compared to ₹1,151.72 lakh in FY25.

Financial Performance

Revenue growth was driven by higher sales in agricultural implements, which rose to ₹7,163.06 lakh from ₹4,190.69 lakh. Conversely, auto parts revenue fell to ₹10,029.33 lakh from ₹11,578.83 lakh. Total expenses increased to ₹16,492.90 lakh from ₹14,628.08 lakh, primarily due to higher other expenses and employee benefits.

Dividend and AGM Details

The board recommended a final dividend at the rate of 5% on equity shares with a face value of ₹10 each. The dividend is subject to shareholder approval at the 12th Annual General Meeting (AGM). The record date for determining eligibility for remote e-voting and dividend receipt is fixed as September 23, 2026.

Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Section 91 of the Companies Act, 2013, the Register of Members and Share Transfer Books will remain closed from September 25, 2026 to September 30, 2026 (both days inclusive). This closure facilitates the record for the 12th AGM scheduled for September 30, 2026.

The 12th AGM will be held on September 30, 2026, at 3:00 pm through Video Conferencing or Other Audio Visual Means. M/s M.G. Jindal & Associates has been appointed as the scrutinizer for the e-voting process. If declared and approved at the AGM, the final dividend will be paid within 30 days.

Management and Governance Updates

The board proposed the reappointment and redesignation of Mr. Barunpreet Singh Ahuja as Whole-Time Director for five years, effective from September 1, 2026, to August 31, 2031. His remuneration is set at ₹6 lakh per month. This appointment requires shareholder approval.

Additionally, the board appointed M/s NCLS & Associates as internal auditors for FY27, fixing their remuneration at ₹6 lakh per year for each plant. The company also sought approval for amendments to the Articles of Association to include a "Waiver of Dividend" clause.

Related Party Transactions

The board approved material related-party transactions with M/s New Swan Enterprise, aggregating up to ₹100 crore for FY27. These transactions involve the sale, purchase, lease, or supply of finished or semi-finished goods and equipment. During FY26, purchases from this related party totaled ₹5,650.52 lakh, while sales amounted to ₹1,567.51 lakh.