Shareholders of Ramco Industries approved a final dividend of ₹1.25 per share and reappointed Chairman P.R. Venketrama Raja at the company’s 61st Annual General Meeting on August 20, 2026.

The meeting, conducted via video conference, saw all four resolutions pass with requisite majorities. Members holding 4,03,38,413 shares attended the session, which commenced at 11:30 am and concluded at 12:11 pm.

Key Resolutions Passed

The Board proposed ordinary business items including the adoption of audited financial statements for FY26 and the declaration of dividends. Special business included the ratification of remuneration for cost auditors.

Voting Results Analysis

Promoter and Promoter Group entities voted in favor of all resolutions, casting 100% of their held shares. Public institutions showed significant support for the dividend and financial statement adoption, with over 99% affirmative votes.

The reappointment of Chairman P.R. Venketrama Raja faced dissent from public institutions. While promoters voted unanimously in favor, public institutions cast 464,632 votes against the resolution, representing 16.83% of polled votes from that category. However, strong support from public non-institutions ensured the resolution passed with 99.23% overall affirmative votes.

Corporate Governance Updates

The company ratified the remuneration of ₹3,00,000 (exclusive of GST and out-of-pocket expenses) to M/s. N. Sivashankaran & Co., Cost Accountants, for auditing cost records related to fibre cement products and cotton yarn for FY27.

Statutory auditors M/s. SRSV & Associates and M/s. Ramakrishna Raja And Co. confirmed no qualifications or adverse remarks in their reports. The Secretarial Audit Report also carried no qualifications.

What the Numbers Show

The voting pattern reveals a divergence between promoter and institutional sentiment regarding leadership continuity. While promoters provided blanket support, the nearly 17% opposition from public institutions to the chairman’s reappointment suggests specific institutional concerns, despite the resolution’s overall passage.

Ramco Industries shareholders approved a final dividend of ₹1.25 per equity share for FY26 during the 61st Annual General Meeting on August 20, 2026. All four ordinary resolutions were passed with requisite majority, including the adoption of financial statements and cost auditor remuneration.

The meeting, conducted via video conference, saw strong participation with 69% of outstanding shares polled for the financial statements resolution. Scrutiniser M/s. M.S. Jagannathan & N. Krishnaswami confirmed that all resolutions were passed in compliance with SEBI LODR regulations and the Companies Act, 2013.

Voting Results Overview

The remote e-voting window ran from August 17 to August 19, 2026. A total of 32,928 shareholders were on record as of August 13, 2026. Promoter group participation was consistent across all resolutions, with 100% of their held shares voted in favour.

Governance and Appointments

Shareholders reappointed P.R. Venketrama Raja as a director liable to retire by rotation. While the promoter group voted unanimously in favour, public institutional investors showed minor dissent, voting against the resolution at a rate of 16.83%. Public non-institutional investors supported the reappointment with 99.99% approval.

The board also ratified the remuneration of M/s. N. Sivashankaran & Co., Cost Accountants, for the financial year 2026-27. The fee of ₹3,00,000 (exclusive of GST) covers the audit of cost records related to fibre cement products and cotton yarn manufacture.

Meeting Proceedings

The session commenced at 11:30 am and concluded at 12:11 pm. Fifty-seven members attended via video conferencing, comprising two promoter representatives and three public members in person or proxy, alongside seven promoters and 45 public members via VC. Chairman P.R. Venketrama Raja presided over the meeting along with Managing Director P.V. Abinav Ramasubramaniam Raja.

Four registered shareholders participated in the question-and-answer session. The company secretary confirmed that statutory registers were available for electronic inspection and presented a secretarial audit certificate dated May 27, 2026, regarding employee stock option scheme compliance.