Polychem shareholders approve FY26 financials, ₹20 dividend at AGM
- Shareholders approved all three ordinary resolutions with 99.997% support
- Total votes polled: 210,060 out of 404,045 outstanding shares (51.99% turnout)
- Promoter group voted unanimously in favour across all resolutions
- Final dividend of ₹20 per equity share declared for FY26
- Nandish T Kilachand reappointed as director
*this image is generated using AI for illustrative purposes only.
Polychem Limited shareholders approved all three ordinary resolutions at its 69th Annual General Meeting held on August 25, 2026, with a 99.997% vote in favour. The final voting results were disclosed on August 26, 2026, confirming strong backing for the company’s financial statements and dividend proposal.
The meeting was conducted through Video Conferencing or Other Audio Video Means. Tanil R Kilachand, Chairman, welcomed attendees before handing over the chair to Parthiv T Kilachand, Managing Director.
Voting Results Breakdown
A total of 5,890 shareholders were on record as of August 18, 2026. Of these, 72 shareholders participated in the voting process (combining remote e-voting and votes cast during the AGM), representing 210,060 votes polled out of 404,045 outstanding shares. This represents a 51.99% turnout on outstanding shares.
The promoter group held 210,469 shares and voted in favour of all resolutions via remote e-voting. Public non-institutional shareholders held 181,544 shares, with 476 votes polled; 470 were in favour and 6 against.
| Category | Shares Held | Votes Polled | In Favour | Against | % In Favour |
|---|---|---|---|---|---|
| Promoter Group | 210,469 | 209,584 | 209,584 | 0 | 100% |
| Public Institutions | 12,032 | 0 | 0 | 0 | 0% |
| Public Non-Institutions | 181,544 | 476 | 470 | 6 | 98.74% |
| Total | 404,045 | 210,060 | 210,054 | 6 | 99.997% |
Key Resolutions Passed
Shareholders approved three ordinary resolutions during the session. The primary items included the adoption of financial reports and the declaration of dividends.
| Agenda Item | Resolution Type | Status |
|---|---|---|
| Adoption of Standalone Financial Statements for FY26 | Ordinary | Approved |
| Adoption of Consolidated Financial Statements for FY26 | Ordinary | Approved |
| Declaration of Final Dividend | Ordinary | Approved |
Dividend Declaration
The company declared a final dividend of ₹20 per equity share. This payout represents a 200% return on the face value of ₹10 per share for the financial year ended March 31, 2026.
Director Reappointment
Members also approved the reappointment of Nandish T Kilachand as a director. He retires by rotation and offered himself for re-election, which was accepted by the shareholders.
Voting Process
The company facilitated remote e-voting via NSDL from August 21 to August 24, 2026. The cut-off date for voting rights was August 18, 2026. Ragini Chokshi & Co served as the scrutinizer for the voting process.
Historical Stock Returns for Polychem
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.70% | +2.65% | -0.57% | -0.59% | -21.73% | +259.19% |
How will the ₹20 per share dividend payout impact Polychem Limited's free cash flow and future capital expenditure plans for FY27?
What strategic initiatives is Polychem planning to pursue to maintain its dividend yield attractiveness in a potentially volatile market environment?
How might the reappointment of Nandish T Kilachand influence the company's long-term governance structure and succession planning?
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