Shankar Lal Rampal Dye-Chem AGM passes dividend, director re-appointment
- Shankar Lal Rampal Dye-Chem AGM passed all ordinary resolutions on September 19, 2026
- Final dividend of ₹0.05 per share approved with 85.36% shareholder support
- Vinod Kumar Inani re-appointed as Whole Time Director with 44.53% vote share
- Promoters voted for financials and dividend but abstained from director re-appointment
- 57 shareholders participated in e-voting out of 14,156 total shareholders
*this image is generated using AI for illustrative purposes only.
Shankar Lal Rampal Dye-Chem shareholders approved all three ordinary resolutions at its 21st Annual General Meeting held on September 19, 2026. The meeting, conducted via Video Conference/Other Audio Visual Mode (VC/OAVM), saw unanimous promoter support for the adoption of FY26 financials and the declaration of a final dividend.
The company declared a final dividend of ₹0.05 per equity share, representing a payout rate of 0.50%. This resolution received 85.36% of the total valid votes cast. The promoters voted in favor of all resolutions, while public non-institutional shareholders provided significant support for the financial statements and dividend.
Governance Updates
Vinod Kumar Inani, Whole Time Director (DIN: 02928272), retired by rotation and offered himself for re-appointment. The shareholders approved his re-appointment as a director. The resolution passed with 44.53% of valid votes in favor, driven entirely by public institutional and non-institutional shareholders, as promoters did not vote on this specific item.
Voting Results
Mr. Nitin Mehta of N. Mehta & Associates served as the scrutinizer for the e-voting process. Remote e-voting commenced on September 16, 2026, and concluded on September 18, 2026. As of the cut-off date on September 12, 2026, the company had 14,156 shareholders holding a total of 6,39,66,780 shares. A total of 57 shareholders voted via e-voting, while 41 members attended the virtual meeting.
| Resolution | Votes Cast | Votes For | % Support | Status |
|---|---|---|---|---|
| Adopt Audited Financials for FY26 | 54,601,398 | 54,601,398 | 85.36% | Passed |
| Declare Final Dividend (₹0.05/share) | 54,601,398 | 54,601,398 | 85.36% | Passed |
| Re-appointment of Vinod Kumar Inani | 7,518,328 | 7,518,328 | 44.53% | Passed |
Promoters held 47,083,070 votes and voted in favor of the financial statements and dividend but abstained from voting on the director's re-appointment. Public institutions and non-institutions collectively accounted for the remaining votes. No queries were raised by members regarding the company’s accounts or business operations during the session.
Historical Stock Returns for Shankar Lal Rampal Dye-Chem
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -1.70% | -3.16% | -16.89% | -48.62% | -66.43% |
How might the minimal 0.50% dividend payout rate influence investor sentiment and stock valuation in the near term?
What strategic initiatives is management prioritizing with retained earnings given the decision to declare such a low final dividend?
Does the abstention of promoters from voting on Vinod Kumar Inani's re-appointment signal any internal governance shifts or succession planning concerns?
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