Rallis India declares ₹3 dividend, appoints directors at AGM
Rallis India Limited's 78th AGM approved a ₹3 per share dividend for FY26 and the re-appointment of Mr. S. Padmanabhan. Shareholders appointed 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 overwhelming majority.
*this image is generated using AI for illustrative purposes only.
Rallis India Limited shareholders have 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
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.26% | +0.90% | -8.51% | -15.85% | -24.88% | -30.85% |
How will the new Independent Directors influence Rallis India's strategic direction in the coming year?
What is the company's capital allocation strategy regarding dividends and growth investments for FY2027?
Will Rallis India maintain its current dividend payout ratio given the approved ₹3 per share?
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