Nikhil Adhesives proposes ₹0.22 dividend, reappoints directors at AGM
- Nikhil Adhesives schedules 40th AGM for September 22, 2026
- Board recommends dividend of ₹0.22 per share for FY26
- Reappointment of Umesh Sanghavi as CMD and other key directors
- Record date for dividend and voting is September 15, 2026
*this image is generated using AI for illustrative purposes only.
Nikhil Adhesives Limited has scheduled its 40th Annual General Meeting for September 22, 2026. The Board recommends a dividend of ₹0.22 per equity share of face value ₹1 each for FY26. Shareholders on record as of September 15, 2026, are eligible to vote and receive the payout if approved.
The company will close its register of members from September 16 to September 22, 2026. Remote e-voting runs from September 19 to September 21, 2026. Demat holders must submit bank details to depository participants by September 10, 2026, to ensure correct tax deduction at source.
Key Dates
| Event | Date |
|---|---|
| Record Date | September 15, 2026 |
| Book Closure Start | September 16, 2026 |
| Book Closure End | September 22, 2026 |
| E-Voting Start | September 19, 2026 |
| E-Voting End | September 21, 2026 |
| AGM Date | September 22, 2026 |
Director Reappointments
The AGM agenda includes several special resolutions for director reappointments:
- Umesh J. Sanghavi: Reappointment as Chairman and Managing Director for three years (July 10, 2026 – July 9, 2029).
- Rajendra J. Sanghavi: Reappointment as Whole-Time Director for three years (January 1, 2027 – December 31, 2029).
- Tarak J. Sanghavi: Reappointment as Whole-Time Director for three years (January 1, 2027 – December 31, 2029).
- Gauri S. Trivedi: Reappointment as Independent Director for a second five-year term (January 1, 2027 – December 31, 2031).
Remuneration for Umesh Sanghavi, Rajendra Sanghavi, and Tarak Sanghavi is capped at ₹50 lakh per annum, with current annual remuneration set at ₹44.75 lakh each.
Other Business Items
Members will also consider:
- Ratification of remuneration for Cost Auditor M/s B. F. Modi & Associates (₹50,000 per annum plus taxes/expenses) for FY27.
- Appointment of M/s Deepika Mishra & Associates as Secretarial Auditors for five years.
- Approval of remuneration for Executive Director Dr. Satish Gaonkar exceeding Section 197 limits.
- Increase in Board powers under Section 180(1)(a) to create mortgages/charges against assets to secure borrowings up to the existing limit of ₹250 crore.
Historical Stock Returns for Nikhil Adhesive
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -5.75% | -7.69% | +7.74% | +19.44% | -19.68% | 0.0% |
How might the reappointment of the Sanghavi family members signal the company's strategic continuity or potential leadership transition risks over the next three years?
Given the dividend payout of ₹0.22 per share, what does this imply about Nikhil Adhesives' cash flow management and future capital allocation priorities?
What are the potential implications of increasing Board powers to create mortgages against assets up to ₹250 crore for the company's debt profile and financial leverage?
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