Shanthi Gears Limited has fixed Friday, July 17, 2026, as the record date to determine shareholder eligibility for the final dividend recommended for the financial year ended March 31, 2026. The total dividend for FY26 is ₹5 per share, comprising a final payout of ₹2 and an interim dividend of ₹3 already paid. The final dividend will be paid on or before August 27, 2026, subject to approval at the upcoming Annual General Meeting.

The company has scheduled its 53rd Annual General Meeting (AGM) for Wednesday, July 29, 2026, at 4:30 p.m. IST via video conferencing. The meeting will transact ordinary business, including the adoption of audited financial statements for FY26 and the re-appointment of Mr. Mukesh Ahuja as Director, who retires by rotation. Shareholders will also vote on the appointment of Mr. K Ilango as a Non-Executive Independent Director for a term of five years.

The board has sought approval for a commission of ₹1,00,00,000 to Mr. M A M Arunachalam, Non-Executive Chairman, for FY26. The company has also proposed a commission structure for Non-Executive Directors, excluding those in whole-time employment, not exceeding one percent of net profits for each financial year from FY26 to FY30. Additionally, the ratification of remuneration payable to Cost Auditor Mr. B Venkateswar, amounting to ₹80,000 plus applicable taxes for FY27, is on the agenda.

Remote e-voting will commence on July 26, 2026, at 9:00 a.m. IST and conclude on July 28, 2026, at 5:00 p.m. IST. The cut-off date to determine shareholder eligibility for voting and dividend entitlement is July 22, 2026. The facility for appointing proxies will not be available as the meeting is held via video conferencing.

Key AGM Agenda

Shanthi Gears Limited has filed its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026, disclosing significant progress in its environmental performance and governance metrics. The company reported that 61% of its total energy consumption during the year was derived from renewable sources, comprising 53% from captive power generation and 8% from third-party purchases. This shift contributed to a 10% reduction in energy intensity compared to the previous financial year, aligning with its long-term target of a 30% reduction by 2030.

The filing, submitted to the National Stock Exchange of India Limited and Bombay Stock Exchange Limited, was signed by Walter Vasanth P J, Company Secretary & Compliance Officer. The report confirms that the company maintained a clean compliance record, with zero fines, penalties, or punishments imposed by regulators or law enforcement agencies during FY26. Furthermore, there were no reported instances of corruption, bribery, or conflicts of interest involving directors, key managerial personnel, employees, or workers.

Environmental Performance and Targets

Shanthi Gears outlined its performance against specific environmental goals set for 2030. The company achieved a 13% reduction in water intensity and a 12% reduction in waste intensity for FY26, against targets of 50% reductions for both metrics by 2030. Total waste generated during the year stood at 5,701.47 metric tons, of which 5,386.90 metric tons were recovered through recycling operations. The company also reported total Scope 1 and Scope 2 greenhouse gas emissions of 5,927 metric tons of CO2 equivalent, a decrease from 8,761 metric tons in the previous year.

Social Initiatives and Governance

On the social front, the company reported a Lost Time Injury Frequency Rate (LTIFR) of 0.35 for workers, while employees recorded zero incidents. The total workforce comprised 1,435 individuals, including 396 employees and 1,039 workers. Women accounted for 9% of the total employee strength and 6% of the total workforce. The Board of Directors included 9 members, with 2 women representatives.

The company spent ₹2.19 crore on CSR projects in the aspirational district of Coimbatore, Tamil Nadu. Key initiatives included the construction of classrooms, installation of X-ray machines, road expansion, and extensive plantation drives. The report also noted that the company is a subsidiary of Tube Investments of India Limited, which holds a 70.46% stake.