Rishabh Instruments shareholders approved a dividend of ₹2 per equity share and the re-appointment of two key directors at the company’s 43rd Annual General Meeting (AGM) held on July 31, 2026. The meeting, conducted via video conference, also saw the ratification of the Cost Auditor’s remuneration for FY27 and a change in designation for Managing Director Dineshkumar Musalekar. A total of 43 members representing 1,65,64,324 shares attended the proceedings, which commenced at 12:00 p.m. IST and concluded at 12:51 p.m. IST.

The AGM was convened in compliance with Regulation 30 read with Part A of Schedule III of the SEBI Listing Regulations and various circulars issued by the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI). Mr. Narendra Goliya, Executive Chairman, chaired the meeting. The Board members present included Dineshkumar Musalekar (Managing Director), Subramaniam Venkatakrishnan (Non-Executive Independent Director), Rajendra Bagwe (Non-Executive Independent Director), Siddharth Bafna (Non-Executive Independent Director), and Astha Kataria (Non-Executive Independent Director).

Resolutions Passed

Shareholders approved six resolutions during the meeting. Under ordinary business, the audited standalone and consolidated financial statements for the financial year ended March 31, 2026, were adopted. The Board declared a dividend of ₹2.00 per equity share with a face value of ₹10 each.

Directors Narendra Goliya and Dineshkumar Musalekar were re-appointed after retiring by rotation under Section 152(6) of the Companies Act, 2013. On special business, shareholders approved the ratification of remuneration for the Cost Auditor for FY27. Additionally, Dineshkumar Musalekar’s designation was changed from Whole-Time Director to Managing Director, accompanied by a revision in his remuneration via a special resolution.

Governance and Compliance

Mr. Hrishikesh Wagh of KANJ & Co., LLP, served as the Scrutinizer for the e-voting process. The statutory auditors, MSKA & Associates, confirmed that their report contained no adverse qualifications or observations on financial transactions. Internal auditors Rajendra P. Shah & Co., cost auditor Mr. Hareesh Shetty, and secretarial auditors KANJ & Co., LLP also represented their respective firms at the meeting.

The Chairman informed members that proxy appointments were not applicable due to the virtual nature of the AGM. Remote e-voting facilities were provided by National Security Depository Limited (NSDL), with voting remaining open for 15 minutes post-conclusion of the meeting to allow participants who had not voted remotely to cast their ballots electronically.

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