Rubfila International adopts FY26 accounts, approves divestment in Premier Tissues
- Rubfila International adopted FY26 audited financial statements and declared a dividend.
- Shareholders approved the divestment of entire shareholding in Premier Tissues India Ltd.
- Hardik B Patel was re-appointed as director after retiring by rotation.
- The 33rd AGM was held virtually on September 29, 2026, with 44 participants.
*this image is generated using AI for illustrative purposes only.
Rubfila International adopted audited financial statements for FY26, declared a dividend, and approved the divestment of its entire shareholding in Premier Tissues India Ltd at its 33rd Annual General Meeting (AGM) held on September 29, 2026.
The meeting was conducted through Video Conferencing (VC) and Other Audio-Visual Means (OAVM) in compliance with Ministry of Corporate Affairs and SEBI circulars. Hardik B Patel chaired the proceedings, which commenced at 11:00 am and concluded at 11:45 am. The requisite quorum was present, with 44 shareholders participating via VC.
Resolutions passed
Shareholders approved both ordinary and special business items as outlined in the AGM notice dated August 20, 2026. The key resolutions included:
- Adoption of the Board of Directors' report and audited accounts for the financial year ended March 31, 2026.
- Declaration of dividend for the period.
- Re-appointment of Hardik B Patel (DIN 00590663), who retired by rotation.
- Ratification of remuneration for cost auditors Ajith Sivadas & Co for FY27.
- Divestment of the entire shareholding in Premier Tissues India Ltd.
Voting and participation details
The company utilized Central Depository Services India Limited (CSDL) for remote e-voting and virtual participation. Remote e-voting was open from September 26 to September 28, 2026. The following table details shareholder participation during the live session:
| Category | Promoter and Promoter Group | Public | Total |
|---|---|---|---|
| Video Conference | 1 | 43 | 44 |
Managing Director G Krishna Kumar addressed member queries regarding the company's accounts and business operations. The consolidated scrutinizer report will be submitted to stock exchanges within the stipulated time under SEBI regulations.
Historical Stock Returns for Rubfila International
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.55% | -7.62% | -8.57% | +8.18% | -22.88% | -34.51% |
How will the proceeds from the divestment of Premier Tissues India Ltd be deployed, and what impact will this have on Rubfila International's future capital allocation strategy?
What is the expected timeline for completing the divestment of Premier Tissues India Ltd, and how might this transaction affect the company's consolidated financial statements for FY27?
Given the re-appointment of Hardik B Patel, are there any anticipated changes in Rubfila International's strategic direction or operational focus for the upcoming fiscal year?
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