Ruby Mills Limited shareholders approved a final dividend of ₹2.50 per equity share for the financial year ended March 31, 2026, during the company's 110th Annual General Meeting (AGM) held on September 24, 2026.

The meeting, conducted via Video Conferencing and Other Audio Visual Means (VC/OAVM), saw the adoption of audited standalone and consolidated financial statements for FY26. All eight resolutions proposed by the board were passed with requisite majorities, reflecting strong shareholder alignment with management decisions.

Key resolutions passed

The agenda included routine administrative matters alongside significant governance approvals. Shareholders ratified the remuneration of key managerial personnel and approved the re-appointment of directors retiring by rotation.

Voting patterns and shareholder participation

Voting was conducted through remote e-voting prior to the meeting and electronic voting during the session. The promoter and promoter group held 25,047,640 shares, representing approximately 74.32% of the total voting rights exercised on most ordinary resolutions. Public non-institutional shareholders held 8,387,074 shares, with a participation rate of 6.11% in terms of votes polled against shares held.

For the dividend declaration (Resolution 2), 19,122,707 votes were cast in favor, while 7,514 votes were recorded against, resulting in a 99.96% approval rate. Similar overwhelming support was observed across all other resolutions, with opposition consistently below 0.05%.

Governance and leadership continuity

The AGM confirmed the continued leadership of the Shah family within the company’s top management structure. Shri Deepak Rameshchandra Shah was re-appointed as a director following his retirement by rotation. Additionally, special resolutions approving the remuneration packages for Executive Chairman Hiren M. Shah, Managing Directors Bharat M. Shah and Viraj M. Shah, and CEO/CFO Purav Hiren Shah were all cleared by shareholders.

The scrutiny report, prepared by Anuja Parikh of Parikh & Associates, confirmed that no invalid votes were recorded for any resolution. The results were subsequently uploaded to the National Securities Depository Limited (NSDL) e-voting portal and the company’s website for public access.

Ruby Mills has dispatched the notice for its 110th Annual General Meeting (AGM) and the Annual Report for FY26 to shareholders who do not have registered email addresses. The documents are available via a web link on the company’s website, in compliance with SEBI Listing Regulations.

The company confirmed that shareholders with registered email IDs will receive these documents electronically. Those without registered emails were sent a letter containing the web link to access the AGM notice and the annual report. This move supports the company's green initiative by reducing paper usage.

Key Dates and Timeline

The company disclosed the timeline for e-voting and book closure in a filing dated September 2, 2026. E-voting will commence on Monday, September 21, 2026, at 9:00 am and conclude on Wednesday, September 23, 2026, at 5:00 pm.

Meeting Details and Logistics

The AGM will be conducted through Video Conferencing or Other Audio Visual Means (VC/OAVM) at 4:30 pm. The deemed venue is the company's registered office in Mumbai. Attendees joining via VC/OAVM will count toward the quorum requirement under Section 103 of the Companies Act, 2013.

Shareholder Communications

The Notice of the AGM along with the Annual Report for FY26 will be sent electronically to shareholders with registered email addresses. Those without registered emails will receive a letter containing a weblink to access these documents.

The documents are also available on the company website, NSE, BSE, and NSDL e-voting platforms. Ruby Mills has engaged National Securities Depository Limited to facilitate e-voting for resolutions proposed at the meeting.

Compliance Updates

In line with SEBI Master Circular dated February 6, 2026, dividends will be paid only in electronic form to KYC-compliant folios. Physical shareholders are requested to update PAN, bank details, and nomination information with the Registrar and Transfer Agent, Big Share Services Private Limited.

Key Agenda Items

The AGM notice outlines several ordinary and special business items for shareholder approval.

Dividend Declaration

The Board proposes a final dividend of ₹2.50 per fully paid-up equity share for the financial year ended March 31, 2026.

Director Re-appointment

Shri Deepak Rameshchandra Shah (DIN: 06954206) retires by rotation and offers himself for re-appointment as a Non-Executive Non-Independent Director. He brings over 30 years of experience in Direct and Indirect Taxation.

Executive Remuneration Approvals

Shareholders are asked to approve remuneration packages for key management personnel via special resolutions:

• Hiren M. Shah (Executive Chairman): ₹18,00,000 per month from April 1, 2027, to March 31, 2028, increasing to ₹21,60,000 per month from April 1, 2028, to March 31, 2029.
• Bharat M. Shah (Managing Director): Identical remuneration structure to Hiren M. Shah.
• Viraj M. Shah (Managing Director): Identical remuneration structure to Hiren M. Shah.
• Purav Hiren Shah (CEO, WTD, CFO): Increment in remuneration to ₹13,33,300 per month effective August 1, 2026.

All packages include standard perquisites such as housing, medical reimbursement, and provident fund contributions. The approvals are subject to Schedule V of the Companies Act, 2013, including provisions for minimum remuneration in case of inadequate profits.

Cost Auditor Ratification

The meeting will ratify the appointment of Shri Dakshesh H. Zaveri as Cost Auditor for the textile manufacturing units at Dhamni and Kharsundi for FY27. The proposed remuneration is ₹3,75,000 plus applicable taxes and out-of-pocket expenses.