Snowman Logistics confirms ₹0.50 interim dividend at 33rd AGM
- Snowman Logistics held its 33rd AGM on September 25, 2026, via VC/OAVM
- Members confirmed an interim dividend of ₹0.50 per equity share for FY26
- Padamdeep Singh Handa was re-appointed as Director retiring by rotation
- Special resolution approved revision in remuneration for FY27
*this image is generated using AI for illustrative purposes only.
Snowman Logistics Limited held its 33rd Annual General Meeting on September 25, 2026, through Video Conferencing and Other Audio Visual Means. The meeting focused on the adoption of financial statements for FY26 and the confirmation of an interim dividend of ₹0.50 per equity share.
The proceedings commenced at 12:00 pm and concluded at 12:28 pm. The Chairperson declared a quorum and introduced the Board of Directors, including Whole-time Director and CEO Padamdeep Singh Handa, who was present for re-appointment by rotation. Statutory and Secretarial Auditor reports were taken as read due to the absence of qualifications.
Agenda items approved
Members considered four key resolutions during the session. These included the adoption of audited financial statements for the year ended March 31, 2026, and the re-appointment of Padamdeep Singh Handa as Director. The most significant shareholder payout item involved confirming the interim dividend already declared for the fiscal year.
| Item | Resolution Type | Key Detail |
|---|---|---|
| Financial Statements | Ordinary | Adoption of FY26 Balance Sheet, P&L, and Cash Flow |
| Director Re-appointment | Ordinary | Padamdeep Singh Handa retires by rotation |
| Interim Dividend | Ordinary | Confirmation of ₹0.50 per share payout |
| Remuneration Revision | Special | Approval for WTD/CEO remuneration for FY27 |
Voting and participation details
The Company Secretary detailed the remote e-voting process, which opened on September 22, 2026, and closed on September 24, 2026. Members also had the option to vote electronically during the AGM and for 15 minutes post-proceedings. Nagendra D Rao & Associates LLP served as the Scrutinizer for the voting process.
During the question-and-answer segment, members raised queries regarding financial performance, expansion plans, capital expenditure, and future business initiatives. The Chairperson addressed these concerns, providing context on the company's operational outlook.
Next steps
Detailed voting results will be submitted to stock exchanges and hosted on the company website following the Scrutinizer’s report. This procedural step ensures transparency in the ratification of all passed resolutions.
Historical Stock Returns for Snowman Logistics
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.51% | +0.55% | -7.13% | +5.06% | -35.79% | -18.15% |
How does the approved FY27 remuneration revision for CEO Padamdeep Singh Handa align with Snowman Logistics' projected revenue growth targets?
What specific capital expenditure plans were discussed during the Q&A session to support the company's expansion in the cold chain logistics sector?
Will the confirmed interim dividend of ₹0.50 per share influence Snowman Logistics' debt-to-equity ratio given its ongoing infrastructure investments?
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