Rallis India accepts resignation of Independent Director Mahesh Girdhar

1 min read Updated on 25 Jun 2026, 12:18 AM

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Anirudha BScanX News Team

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Rallis India Limited accepted the resignation of Mahesh Girdhar as a Non-Executive Independent Director effective June 24, 2026, due to professional commitments. He ceased to be a member of the Audit Committee, Corporate Social Responsibility Committee, and Safety, Health, Environment and Sustainability Committee. The Board appreciated his contributions and confirmed no other material reasons for the resignation.

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Rallis India Limited has accepted the resignation of Mahesh Girdhar as a Non-Executive Independent Director, effective from the close of business hours on June 24, 2026. The resignation was submitted due to his current and future professional commitments. Consequently, Girdhar has ceased to be a member of the Audit Committee, Corporate Social Responsibility Committee, and Safety, Health, Environment and Sustainability Committee of the company effective immediately.

The Board of Directors placed on record its sincere appreciation for the valuable contributions made by Girdhar during his tenure. The company confirmed that there are no other material reasons for the resignation other than those stated in his letter. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The following table details the changes in the directorship and committee memberships:

Sr. No.	Particulars	Details
1	Reason for change	Resignation of Mr. Mahesh Girdhar (DIN: 10270848) as a Non-Executive Independent Director
2	Date of cessation	With effect from close of business hours on June 24, 2026
6	Other directorships	Nil
7	Confirmation on material reasons	Confirmed no other material reasons other than those provided

Girdhar confirmed that his decision was made after a careful evaluation of his professional commitments. He requested the Board to initiate the necessary statutory filings with the stock exchanges and the Registrar of Companies. The information is available on the company's website.

Historical Stock Returns for Rallis

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.60%	-2.05%	-7.91%	-19.37%	-30.90%	-31.10%

Who will Rallis India appoint to fill the vacancy on the Audit Committee, and how might this impact governance oversight?

Will the resignation affect the company's strategic direction regarding sustainability and ESG initiatives?

What are the potential market reactions to this leadership change, and could it influence investor confidence?

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Rallis India declares ₹3 dividend, re-appoints director at AGM

1 min read Updated on 24 Jun 2026, 04:30 PM

Reviewed by

Ashish TScanX News Team

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Rallis India Limited shareholders approved a ₹3 per share dividend for FY26 at the 78th AGM held on June 23, 2026. The meeting also saw the re-appointment of Mr. S. Padmanabhan and the appointment of Ms. Rashmi Joshi and Mr. David Francis Crean as Independent Directors. All resolutions, including the ratification of Cost Auditors' remuneration and adoption of financial statements, were passed with an overwhelming majority.

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Rallis India Limited shareholders approved a dividend of ₹3 per equity share for the financial year ended March 31, 2026, at the company's 78th Annual General Meeting (AGM) held on June 23, 2026. The meeting, conducted via video conferencing, also resulted in the re-appointment of Mr. S. Padmanabhan as Director and the appointment of two new Independent Directors, Ms. Rashmi Joshi and Mr. David Francis Crean. All resolutions put to vote were passed with the requisite majority.

Voting Results and Key Resolutions

The voting was conducted through remote e-voting before and during the AGM. A total of 144,303,753 votes were polled on the resolution to declare the dividend, representing 74.20% of the outstanding shares. The resolution received 99.9998% approval.

Resolution	Votes For	Votes Against	% For	% Against
Dividend of ₹3 per share	144,303,471	282	99.9998	0.0002
Re-appointment of Mr. S. Padmanabhan	144,221,040	82,713	99.9427	0.0573
Appointment of Ms. Rashmi Joshi	143,910,726	393,014	99.7276	0.2724
Appointment of Mr. David Francis Crean	144,302,218	1,522	99.9989	0.0011

Board and Auditor Approvals

Shareholders ratified the remuneration of the Cost Auditors with 144,302,054 votes in favour and 1,686 against. The resolution to adopt the audited financial statements for the year ended March 31, 2026, was also approved, with 144,265,544 votes in favour. The statutory auditors' report and the secretarial audit report were noted as having no qualifications.

Meeting Proceedings

The AGM was chaired by Mr. S. Padmanabhan, with key management personnel including Dr. Gyanendra Shukla, Managing Director & CEO, and Mr. Bhaskar Swaminathan, Chief Financial Officer, in attendance. Representatives of M/s. B S R & Co. LLP, Statutory Auditors, and M/s. D. C. Dave & Co., Cost Auditors, were also present. The meeting concluded at 5:45 p.m. IST.

Historical Stock Returns for Rallis