Siddhika Coatings declares Rs 4.00 dividend for FY26

Siddhika Coatings held its 16th Annual General Meeting (AGM) on July 11, 2026, through video conferencing, approving a final dividend of Rs 4.00 per share for the financial year ended March 31, 2026. The meeting, which commenced at 2:00 PM IST and concluded at 2:31 PM IST, was conducted in accordance with regulations issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India (SEBI). A total of 17 members attended the meeting, constituting the requisite quorum.

The business transacted included the adoption of audited financial statements for FY26 and the re-appointment of Mr. Gaurav Agarwal, who retires by rotation. Shareholders also approved the appointment of M/s JKSS & Associates, Chartered Accountants, as statutory auditors for a term of five consecutive years. Additionally, M/s Sushil Gupta & Associates were appointed as the secretarial auditor.

Resolutions Passed

The resolutions were passed with the requisite majority. Mr. Sushil Kumar Gupta, Practicing Company Secretary, was appointed as the scrutinizer to supervise the e-voting process. The facility for remote e-voting was available from July 8, 2026, to July 10, 2026, and during the meeting via the e-voting system provided by Central Depository Services (India) Limited (CDSL).

Key Approvals

Item No.	Description	Resolution Type
1.	Adoption of Audited Financial Statements for FY26	Ordinary
2.	Re-appointment of Mr. Gaurav Agarwal (DIN: 06752256)	Ordinary
3.	Final dividend of Rs 4.00 per share for FY26	Ordinary
4.	Appointment of M/s JKSS & Associates as Statutory Auditors for 5 years	Ordinary
5.	Approval of Related Party Transactions with wholly owned subsidiaries	Ordinary
6.	Managerial remuneration to Mr. Charitra Maheshwari (MD) exceeding 5% of net profits	Special
7.	Managerial remuneration to Mr. Gaurav Agarwal (ED) exceeding 5% of net profits	Special
8.	Managerial remuneration to Mr. Manvendra Pratap Singh (ED) exceeding 5% of net profits	Special
9.	Appointment of M/s Sushil Gupta & Associates as Secretarial Auditor	Ordinary

The Chairman, along with the CFO, briefed the members on financial highlights. The management addressed queries raised by registered speaker shareholders, including Mr. Charitra Maheshwari, Managing Director, and Mr. Chandan Tiwari, CFO. The auditors' report for the year ended March 31, 2026, was confirmed to contain no qualifications, modified opinion, or adverse remarks.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	-0.35%	+2.49%	+0.60%	+8.40%	+258.92%

Siddhika Coatings Limited has fixed July 4, 2026 as the record date for determining shareholder entitlement for a final dividend of ₹4 per equity share of ₹10 each for the financial year 2025-26. The dividend declaration is subject to the approval of the Members at the ensuing Annual General Meeting. If approved, the payout will be made within the timelines prescribed under the Companies Act, 2013.

Auditor Appointment

The Board of Directors, based on the recommendation of the Audit Committee, approved the appointment of M/s JKSS & Associates, Chartered Accountants, as statutory auditors. The firm has been appointed for a term of five consecutive years commencing from the conclusion of the ensuing Annual General Meeting until the conclusion of the 21st Annual General Meeting. This appointment is also subject to shareholder approval.

The disclosure regarding the auditor's appointment was made pursuant to SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The firm, registered with the Institute of Chartered Accountants of India, holds experience in statutory audits, taxation, internal audits, GST advisory, and corporate compliance services. The filing confirmed that the auditors have no relationship with the directors or key managerial personnel of the company.