Savita Oil Technologies Limited declared a final dividend of ₹5 per equity share for FY26 at its 65th Annual General Meeting held on August 31, 2026. The payout represents a 250% dividend on the face value of ₹2 per share.

The meeting, conducted via video conferencing, saw shareholders approve all six resolutions placed before them. The agenda included the adoption of audited financial statements for the year ended March 31, 2026, alongside key board appointments.

Board Appointments

Shareholders regularized the appointment of Ajay Reche as Whole-time Director. His tenure runs from June 1, 2026, to September 30, 2030. The resolution allows the Board to determine his remuneration based on company policies.

Additionally, Siddharth G. Mehra was appointed as Joint Managing Director. He retires by rotation from October 1, 2026, through September 30, 2031. Like Mr. Reche, his compensation will follow existing company policies.

Voting Results

The promoter group held 46,828,051 shares as of the record date (August 21, 2026). Voting participation was high among promoters, with 99.91% of their shares cast in favor of the financial statements and dividend resolutions.

Public institutional investors showed slight dissent on the director appointments, casting approximately 77,600 votes against both Mr. Reche and Mr. Mehra. However, the resolutions passed with overwhelming majorities.

Auditor Remuneration

The company also ratified the remuneration for its cost auditors, Kishore Bhatia & Associates. The fee is fixed at ₹2,90,000 plus GST and out-of-pocket expenses for the financial year ending March 31, 2027.

Savita Oil Technologies Limited has fixed Friday, August 21, 2026, as the record date for identifying shareholders eligible to receive the dividend for the financial year 2025-26. This determination is a prerequisite for the distribution of profits, ensuring that only those holding shares on the specified date are entitled to the payout. The actual disbursement of the dividend remains contingent upon formal approval by the company's members at the upcoming Annual General Meeting (AGM).

The intimation was issued pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company notified both the Bombay Stock Exchange Limited and the National Stock Exchange of India Limited of this decision on August 7, 2026. Uday C. Rege, Company Secretary and Chief Legal Officer, served as the compliance officer issuing the communication.

Key Dates and Details

Shareholders intending to claim the dividend must hold the company's shares in their demat accounts or physical folios as of the close of business on the record date. Any transfers or transactions occurring after this cutoff will not qualify for the current fiscal year's dividend distribution.

Approval Process

While the record date is fixed, the dividend amount and its declaration are not yet finalized. The Board of Directors has proposed the dividend, but it requires ratification by shareholders during the AGM. This procedural step ensures that the final allocation of profits aligns with shareholder consensus. Until the AGM concludes with the necessary resolutions, the dividend remains provisional.

Investors should monitor the outcome of the August 31 meeting for confirmation of the dividend per share amount and the subsequent payment timeline. The company will issue further communications regarding the exact payout schedule once the AGM approvals are secured.