Praveg adopts FY26 results, declares ₹0.50 per share final dividend
- Praveg Limited adopted standalone and consolidated financial statements for FY26 during its 31st AGM
- Final dividend of ₹0.50 per equity share of ₹10 face value was declared for FY26
- Rajendrakumar Chaturbhai Patel approved to continue as Non-Executive Independent Director beyond age 75
- Two directors retiring by rotation, Vishnukumar Vitthaldas Patel and Alpeshkumar Parshottambhai Patel, were reappointed
*this image is generated using AI for illustrative purposes only.
Praveg Limited held its 31st Annual General Meeting (AGM) on September 25, 2026, adopting the audited financial statements for FY26 and declaring a final dividend of ₹0.50 per equity share.
The meeting, conducted via Video Conferencing (VC) and Other Audio-Visual Means (OAVM), commenced at 12:30 pm and concluded at 1:02 pm. Vishnukumar Vitthaldas Patel, Chairman and Managing Director, chaired the session. The company reported that 44 shareholders participated through VC, comprising five from the promoter group and 39 public shareholders.
Resolutions passed
Shareholders approved several key items of business during the AGM. The ordinary business included the adoption of both standalone and consolidated audited financial statements for the financial year ended March 31, 2026.
The following resolutions were passed:
- Declaration of a final dividend at the rate of ₹0.50 per equity share of ₹10 each for FY26.
- Appointment of Vishnukumar Vitthaldas Patel (DIN: 02011649) as a director retiring by rotation.
- Appointment of Alpeshkumar Parshottambhai Patel (DIN: 00074091) as a director retiring by rotation.
Special business and governance
Under special business, members approved the continuation of Rajendrakumar Chaturbhai Patel (DIN: 06532676) as a Non-Executive Independent Director beyond the age of 75 years. Prasad and Partners LLP was appointed as the scrutinizer to oversee the voting process through electronic means.
Remote e-voting facilities were available from September 22, 2026, to September 24, 2026. The company stated that detailed voting results will be disseminated to stock exchanges and uploaded on its website separately.
AGM participation details
| Metric | Details |
|---|---|
| Date of AGM | September 25, 2026 |
| Total shareholders on record date | 43,172 |
| Shareholders via VC (Promoters) | 5 |
| Shareholders via VC (Public) | 39 |
| Final dividend per share | ₹0.50 |
The company noted that this document serves as a gist of proceedings and does not constitute official minutes. Voting results required under Regulation 44(3) of SEBI Listing Regulations will be submitted in a separate filing.
Historical Stock Returns for Praveg
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.02% | +2.86% | -0.90% | -2.76% | -2.76% | -2.76% |
How does the ₹0.50 final dividend compare to Praveg Limited's payout ratio in previous fiscal years?
What strategic initiatives are planned for FY27 following the approval of the FY26 financial statements?
Will the continuation of Rajendrakumar Chaturbhai Patel as an independent director beyond age 75 influence upcoming governance reforms?
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