Orient Cement passes all resolutions at 15th AGM
Orient Cement Limited announced the voting results for its 15th AGM held on June 26, 2026. All four resolutions, including the adoption of FY26 financials, dividend declaration, director re-appointment, and cost auditor remuneration, were passed with over 99% approval. Public Non-Institutional shareholders opposed the director re-appointment with 14.72% votes against.
*this image is generated using AI for illustrative purposes only.
Orient Cement Limited announced the voting results for its 15th Annual General Meeting (AGM) held on June 26, 2026, via video conferencing. All four ordinary resolutions on the agenda were passed with the requisite majority. The resolutions included the adoption of audited financial statements for the financial year ended March 31, 2026, the declaration of a dividend for FY26, the re-appointment of a director, and the approval of remuneration for cost auditors for FY27.
The meeting was conducted pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Raimeen Maradiya, Partner of Chirag Shah & Associates, served as the Scrutinizer for the voting process. The remote e-voting facility was open from June 23, 2026, to June 25, 2026, for shareholders entitled to vote as on the cut-off date of June 19, 2026.
Voting Results Summary
| Resolution Description | Votes For | Votes Against | % For |
|---|---|---|---|
| Adoption of Financial Statements for FY26 | 156,163,041 | 7,067 | 99.99% |
| Declaration of Dividend for FY26 | 156,233,960 | 5,367 | 99.99% |
| Re-appointment of Director (Mr. Vinod Bahety) | 156,086,167 | 153,147 | 99.90% |
| Remuneration to Cost Auditors (FY27) | 156,231,572 | 7,742 | 99.99% |
The Promoter and Promoter Group held 149,292,730 shares and voted entirely in favour of all resolutions. Public Non-Institutional shareholders showed some opposition, particularly against the re-appointment of the director, where 14.72% of votes polled were against the resolution. Pranjali Dubey, Company Secretary and Compliance Officer, signed the regulatory filing confirming the submission of the detailed voting results to the exchanges.
Historical Stock Returns for Orient Cement
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.81% | +1.12% | +3.38% | -16.00% | -41.74% | -3.87% |
What factors contributed to the notable 14.72% opposition from Public Non-Institutional shareholders regarding Mr. Vinod Bahety's re-appointment?
How will the approved dividend for FY26 impact Orient Cement's cash flow and capital allocation plans for the upcoming fiscal year?
What strategic initiatives does the re-appointed director plan to prioritize to drive growth in FY27?
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