Rishabh Instruments shareholders overwhelmingly approved a ₹2 per equity share dividend, the re-appointment of two directors, and a remuneration revision for Managing Director Dineshkumar Musalekar at the company’s 43rd Annual General Meeting (AGM) held on July 31, 2026. The meeting, conducted via video conference, concluded at 12:51 p.m. IST after all seven resolutions were passed with requisite majorities. The strong shareholder backing underscores confidence in the Board’s governance decisions and financial distribution strategy for FY26.

The AGM was convened in compliance with Regulation 30 of the SEBI Listing Regulations and Section 108 of the Companies Act, 2013. Mr. Narendra Goliya, Executive Chairman, chaired the proceedings. The Board members present included Dineshkumar Musalekar (Managing Director), Subramaniam Venkatakrishnan, Rajendra Bagwe, Siddharth Bafna, and Astha Kataria. CS Hrishikesh Wagh of KANJ & Co., LLP served as the Scrutinizer for the e-voting process facilitated by National Securities Depository Limited (NSDL).

Voting Outcomes

Shareholders voted on six ordinary resolutions and one special resolution. The adoption of audited standalone and consolidated financial statements for FY26 received 95.79% support. The declaration of a ₹2.00 dividend per share (face value ₹10) garnered near-unanimous approval with 99.999% votes in favor.

Directors Narendra Goliya and Dineshkumar Musalekar were re-appointed after retiring by rotation under Section 152(6) of the Companies Act, 2013. Goliya’s re-appointment secured 95.62% support, while Musalekar’s received 95.77%. Additionally, shareholders ratified the Cost Auditor’s remuneration for FY27 with 99.999% approval.

Governance Updates

A key special business item was the change in Dineshkumar Musalekar’s designation from Whole-Time Director to Managing Director, which passed with 95.79% support. This was accompanied by a special resolution to revise his remuneration, which received 90.92% approval. Under Regulation 23(4) of the SEBI Listing Regulations, votes cast by related parties were ignored for this resolution, resulting in 2,04,630 invalid votes. The statutory auditors, MSKA & Associates, confirmed no adverse qualifications in their report. The Company Secretary, Ajinkya Joglekar, submitted the scrutinizer’s report to the exchanges on August 4, 2026.

Rishabh Instruments Limited has fixed Friday, July 24, 2026, as the record date to determine shareholder eligibility for the dividend at its 43rd Annual General Meeting. The Board of Directors has recommended a final dividend of ₹2 per equity share of face value ₹10 each for the financial year ended March 31, 2026. If approved by the shareholders, the dividend will be paid on or before August 29, 2026. The company has submitted the Notice of its 43rd Annual General Meeting to the exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The 43rd AGM is scheduled for July 31, 2026, and will be conducted via Video Conferencing and Other Audio Visual Means without physical presence. Shareholders holding shares in dematerialized form as on the record date will be eligible to vote through remote e-voting, which commences on July 28, 2026, and concludes on July 30, 2026.

Agenda for the Meeting

The ordinary business includes the adoption of audited standalone and consolidated financial statements for FY26 and the re-appointment of Directors Mr. Narendra Goliya and Mr. Dineshkumar Musalekar, who retire by rotation. The special business encompasses the ratification of the Cost Auditor's remuneration and the re-designation of Mr. Dineshkumar Musalekar from Whole-Time Director to Managing Director.

Remuneration and Appointments

Shareholders will vote on the ratification of ₹60,000 plus out-of-pocket expenses as remuneration for Cost Auditor Hareesh K. Shetty & Co. for the financial year ending March 31, 2027. Additionally, approval is sought for the re-designation of Mr. Dineshkumar Musalekar as Managing Director for a period of five years commencing from May 18, 2026, to May 17, 2031.

A special resolution proposes a revision in the remuneration payable to Mr. Dineshkumar Musalekar. The package includes ₹14,000,000 structured into monthly salaries, €42,000 for services at Lumel S.A., and €36,000 for services at Lumel Alucast Sp. Z o.o. The remuneration is also subject to a cap of up to two hundred percent of the net profits of the company for the year 2026-27.

Key AGM Dates