Shri Jagdamba Polymers schedules Sept 24 AGM for dividend and RPT approvals
- AGM scheduled for September 24, 2026, to approve ₹1 per share final dividend
- Shareholders to vote on ₹400 crore in related-party transaction limits for FY27
- Two new independent directors appointed effective July 7, 2026, seek ratification
- Standalone revenue fell 11.33% YoY to ₹4,353.2 million in FY26
- Consolidated PAT declined to ₹362.4 million amid tariff headwinds
*this image is generated using AI for illustrative purposes only.
Shri Jagdamba Polymers Limited has scheduled its 42nd Annual General Meeting (AGM) for September 24, 2026, to approve a final dividend of ₹1 per share and significant related-party transactions. The meeting will also ratify the appointment of two new independent directors.
The record date for the dividend is set for September 17, 2026. The book closure period runs from September 18 to September 24, 2026. Remote e-voting will be open from September 21 to September 23, 2026.
Key Agenda Items
Shareholders will vote on several special resolutions, including:
- Appointment of Mr. Aalay Girishbhai Mehta and Mr. Hardik Kirankumar Shah as Independent Directors.
- Revision of remuneration for Whole-Time Director Mr. Kiranbhai Bhailalbhai Patel to up to ₹96 lakh per annum.
- Approval of material related-party transactions (RPTs) with three group entities.
Related-Party Transactions
The Board seeks omnibus approval for transactions with subsidiaries and associates for FY27. The proposed limits are substantial relative to the company's turnover.
| Related Party | Nature of Relationship | Proposed Limit (₹ Crore) | % of Consolidated Turnover (FY26) |
|---|---|---|---|
| Global Polyweave Pvt Ltd | Subsidiary (80% stake) | 150 | 34.80% |
| Shakti Polyweave Pvt Ltd | Associate (Significant Influence) | 150 | 34.80% |
| Harmony Finvest | Partnership Firm | 100 | 23.20% |
These transactions include purchase/sale of goods, loans, and investments. The Audit Committee has recommended these RPTs as being in the ordinary course of business and at arm’s length.
Board Changes
Mr. Aalay Girishbhai Mehta and Mr. Hardik Kirankumar Shah were appointed as Additional Non-Executive Independent Directors effective July 7, 2026. Their formal appointment requires shareholder approval at the AGM. Both will serve five-year terms.
Additionally, Mrs. Radhadevi Agrawal retires by rotation and offers herself for re-appointment.
Financial Context
For FY26, the company reported standalone revenue of ₹43,532.25 lakh, a decline of 11.33% from FY25. Standalone PAT fell 13.95% to ₹4,138.63 lakh. The decline was attributed to US tariff measures impacting demand.
Consolidated revenue stood at ₹45,014.87 lakh, with consolidated PAT at ₹3,623.84 lakh. The full-year consolidation of subsidiary Global Polyweave Private Limited contributed to the consolidated figures, offset by its start-up losses.
What the Numbers Show
While standalone revenue declined, other income rose significantly to ₹1,887.27 lakh from ₹945.84 lakh in FY25, driven primarily by interest income and foreign exchange gains. This non-operating income cushioned the bottom line despite operational headwinds.
Historical Stock Returns for Shri Jagdamba Polymers
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.55% | +2.75% | -5.51% | -10.13% | -10.13% | -10.13% |
How might the substantial increase in related-party transaction limits, totaling nearly 93% of consolidated turnover, impact minority shareholder confidence and future governance scrutiny?
What specific strategic initiatives is Shri Jagdamba Polymers planning to mitigate the ongoing demand headwinds caused by US tariff measures in FY27?
Will the appointment of new independent directors and the revision of the Whole-Time Director's remuneration signal a shift in corporate strategy or operational restructuring?
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