The Phoenix Mills Limited recommended a final dividend of ₹2.50 per equity share for the financial year ended March 31, 2026, subject to shareholder approval. The Board of Directors approved the payout during its meeting held on April 27, 2026.

Dividend Details

The proposed dividend represents 125% of the face value of ₹2 per equity share. If approved by shareholders at the Annual General Meeting (AGM), the company will pay the dividend on or after September 30, 2026. The payment will be subject to deduction of tax at source (TDS) as applicable under the Income Tax Act, 2025, as amended by the Finance Act, 2026.

Shareholders must hold their shares as of the record date to be eligible for the payout. The company has specified distinct record dates for electronic and physical holdings:

The company emphasized that dividends will be paid electronically only. Holders of physical shares must ensure their folios are KYC compliant and bank details are updated with MUFG Intime India Private Limited to avoid withholding of dividends.

AGM Schedule and E-Voting

The 12th AGM is scheduled for Monday, September 28, 2026, at 2:30 pm through Video Conferencing (VC) or Other Audio Visual Means (OAVM). The meeting aims to transact ordinary and special businesses, including the ratification of the final dividend.

Members can participate remotely via the VC/OAVM facility provided by MUFG Intime India Private Limited. The company has dispatched the Notice of AGM and the Integrated Annual Report for FY26 electronically to members with registered email addresses. Those without registered emails will receive a letter with web-links to access these documents.

E-voting facilities are available for all members holding shares in physical or dematerialized form. Remote e-voting credentials have been sent to registered email addresses. Members attending the AGM who have not voted remotely can cast their votes electronically during the meeting.

Amalgamated Electricity Company Limited approved the appointment of Vatsaraj & Co. as its statutory auditor during its Board of Directors meeting held on August 29, 2026. The decision was made pursuant to Section 139(8) of the Companies Act, 2013, based on the recommendation of the Audit Committee.

The appointment is subject to the final approval of the company’s members at the forthcoming Annual General Meeting (AGM). The Board also approved the revised notice for the ensuing AGM, which incorporates the auditor appointment as an agenda item. There were no changes to the date, time, or venue of the AGM.

Meeting Details

The Board meeting commenced at 4:15 pm and concluded at 4:30 pm. The company intends to make necessary disclosures to the stock exchange in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2025.

Auditor Profile

Vatsaraj & Co., holding Firm Registration No. 111327W, has been active since 1997. The firm specializes in Income Tax practice, Indirect Taxation, and Business Advisory & Consultancy. Its expertise includes statutory audits for listed and unlisted entities, government organizations, and non-corporates, as well as internal audits, management audits, and compliance filings.