Orient Electric declared a final dividend of Rs 0.75 per equity share for the financial year ended March 31, 2026, during its 10th Annual General Meeting held on July 22, 2026. The meeting, conducted via Video Conference, also confirmed the interim dividend of Rs 0.75 per share already paid during the financial year 2025-26. Shareholders approved the audited financial statements for the year and the reports of the Board of Directors and auditors.

The Chairman, Mr. CK Birla, presided over the meeting, which commenced at 3:30 p.m. and concluded at 4:20 p.m. The Board recommended the appointment of M/s. Price Waterhouse Chartered Accountants LLP as the new Statutory Auditors, replacing the outgoing auditors, S. R. Batliboi & Co. LLP. The resolutions were passed subject to the receipt of requisite votes, with results to be declared within two working days.

Resolutions Passed

The shareholders transacted five items of business, including ordinary and special resolutions. The key resolutions included the adoption of financial statements, dividend declaration, and the ratification of remuneration for the Cost Auditor for the financial year 2026-27.

Voting and Participation

Remote e-voting was facilitated from Saturday, July 18, 2026, to Tuesday, July 21, 2026. Shareholders attending the AGM who had not voted remotely were permitted to e-vote during the meeting. The cut-off date for determining eligibility for voting and attending the AGM was Wednesday, July 15, 2026. Mr. Atul Kumar Labh was appointed as the Scrutinizer to oversee the voting process.

Orient Electric Limited will hold its 10th Annual General Meeting (AGM) on Wednesday, July 22, 2026, at 3:30 p.m. IST via Video Conferencing (VC) and Other Audio Visual Means (OAVM). The meeting will transact ordinary business, including the adoption of audited financial statements for the year ended March 31, 2026, and the declaration of a final dividend. The Board has recommended a final dividend of ₹0.75 per equity share of ₹1 each, which, if approved, will be paid on or before August 21, 2026, to shareholders holding shares as of the record date of July 10, 2026.

Corporate Actions and Appointments

Shareholders will consider the re-appointment of Mr. CK Birla (DIN: 00118473), who retires by rotation and is eligible for re-appointment as a Non-executive Director. Additionally, the Board has proposed the appointment of M/s. Price Waterhouse Chartered Accountants LLP as the statutory auditor for a term of five years, subject to shareholder approval. This appointment follows the expiration of the term of the current auditors, M/s. S R Batliboi & Co. LLP. The proposed remuneration for the statutory auditor for FY 2026-27 is not exceeding ₹77 lakhs plus applicable taxes and reimbursement of out-of-pocket expenses.

Financial Performance Overview

For the financial year ended March 31, 2026, Orient Electric reported a 7.5% increase in revenue from operations to ₹3,326.39 crore, compared to ₹3,093.68 crore in the previous year. Profit after tax (PAT) rose by 15.18% to ₹95.84 crore, while EBITDA grew by 12.4% to ₹229 crore. The Electrical Consumer Durables segment grew by 5.6%, supported by a 47% surge in BLDC fans, and the Lighting and Switchgear segment delivered double-digit growth.

Special Business and Voting

The AGM includes a special business item to ratify the remuneration of the Cost Auditor, Mr. Somnath Mukherjee, for the financial year ending March 31, 2027. The approved remuneration is ₹1,00,000 plus applicable taxes and reimbursement of out-of-pocket expenses. Remote e-voting will be available from July 18, 2026, at 09:00 A.M. IST to July 21, 2026, at 05:00 P.M. IST. Members registered as of the cut-off date of July 15, 2026, are eligible to vote.