Phosphate Company declares ₹2 per share final dividend for FY26
- Declared final dividend of ₹2 per equity share for FY26
- Adopted audited financial statements for FY26 at 77th AGM
- Approved continuation of Gautam Bhattacharya as Independent Director
- Re-appointed Ajay Bangur as Director retiring by rotation
*this image is generated using AI for illustrative purposes only.
The Phosphate Company Limited declared a final dividend of ₹2 per equity share for the financial year ended March 31, 2026, following the approval of shareholders at its 77th Annual General Meeting (AGM). The payout represents a 20% return on the face value of ₹10 per share.
The AGM was held on September 23, 2026, through Video Conferencing/Other Audio Visual Means (VC/OAVM) in compliance with Ministry of Corporate Affairs and Securities and Exchange Board of India circulars. Binod Khaitan, Director of the company, chaired the meeting.
Key resolutions passed
Shareholders considered and passed several ordinary and special resolutions as per the notice dated August 4, 2026. All resolutions were passed by majority under the combined results of e-voting.
| Resolution | Type | Details |
|---|---|---|
| Adoption of Financial Statements | Ordinary | Audited Financial Statements, Auditors' Report, and Directors' Report for FY26 |
| Final Dividend | Ordinary | Declaration of ₹2 per equity share (20% of face value) |
| Director Re-appointment | Ordinary | Re-appointment of Ajay Bangur (DIN: 00041711) retiring by rotation |
| Independent Director Continuation | Special | Approval for continuation of Gautam Bhattacharya (DIN: 10834784) |
| Cost Auditor Remuneration | Ordinary | Ratification of remuneration for Cost Auditors for FY27 |
Meeting proceedings
The meeting commenced at 11:30 am and concluded around 12:15 pm. Statutory Auditor S. K. Agrawal & Co. LLP and Cost Auditors S. Gupta & Co. were represented by authorised representatives Hemant Lakhotia and Sarbajit Roy, respectively. Shankar Banerjee served as the Deputy Secretary and Compliance Officer.
Sixteen registered speakers participated via the VC/OAVM facility to raise queries regarding the reports and financial statements. Executive Director Ajay Bangur provided necessary clarifications to the shareholders' feedback.
Voting mechanism
The company utilized the Remote E-voting facility provided by National Securities Depository Limited (NSDL). Voting rights were exercisable from September 20, 2026, to September 22, 2026, prior to the AGM, and during the meeting for members who had not availed the remote facility. Ajay Kumar Agarwal, a practicing company secretary, was appointed as the scrutinizer to ensure a fair and transparent voting process.
Historical Stock Returns for Phosphate Company
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.10% | +6.63% | +6.79% | +6.63% | -5.67% | +75.91% |
How will the ₹2 per share dividend payout impact The Phosphate Company Limited's retained earnings and future capital expenditure plans for FY27?
What are the potential implications of the special resolution allowing Gautam Bhattacharya to continue as an Independent Director on the company's governance structure and board diversity?
Given the 20% return on face value, how does this dividend yield compare to sector peers, and what does it signal about management's confidence in near-term cash flow stability?
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