Suyog Gurbaxani Funicular Ropeways recommended a final dividend of ₹0.50 per equity share for the financial year ended March 31, 2026. The board of directors approved the payout during its meeting held on Tuesday, August 18, 2026. The total dividend amount aggregates to ₹1,24,31,111 (Rupees One Crore Twenty-Four Lakhs Thirty-One Thousand One Hundred and Eleven). This represents a 5% payout on the face value of ₹10 per share.

The dividend is subject to approval by shareholders at the company’s forthcoming Annual General Meeting (AGM). The board has scheduled the 17th AGM for Tuesday, September 29, 2026, at 11:30 am. The meeting will be conducted through Video Conferencing or Other Audio Visual Means (VC/OAVM).

Key Dates and Shareholder Details

Shareholders on record as of September 22, 2026, will be eligible to receive the final dividend. To determine eligibility, the company will close its Register of Members and Share Transfer Books from September 23, 2026, to September 29, 2026, both days inclusive.

Corporate Governance Disclosure

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ameya Bodas, Company Secretary & Compliance Officer, certified the outcome of the meeting. The intimation is also hosted on the company’s official website.

Suyog Gurbaxani Funicular Ropeways Limited shareholders approved the reclassification of a promoter group member to the public category and the reappointment of Mrs. Manisha Shelar as an independent woman director through remote e-voting that concluded on August 1, 2026. The resolutions, which received 100% support from voting shareholders, alter the company’s shareholding structure classification and reinforce its board composition compliance with regulatory requirements for independent representation.

The voting process was conducted in accordance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Sections 108 and 110 of the Companies Act, 2013. Ms. Amruta Narendra Giradkar of M/s Amruta Giradkar & Associates served as the scrutinizer, appointed by the Board on June 26, 2026. Her report, issued on August 4, 2026, confirmed that both resolutions were passed with the requisite majority. The e-voting facility was provided by National Securities Depository Limited (NSDL), and the voting window ran from July 3, 2026, at 9:00 a.m. IST to August 1, 2026, at 5:00 p.m. IST.

Voting Results Overview

A total of 922 shareholders held shares as of the record date of June 26, 2026. The total outstanding equity share capital stood at 24,862,222 shares. Voting participation varied between the two resolutions, but all valid votes cast were in favor.

No votes were cast against either resolution, and no invalid votes were recorded. The person related to the promoter seeking reclassification abstained from voting on the first resolution, ensuring conflict-of-interest compliance.

Shareholder Participation Breakdown

Promoter and promoter group shareholders held 15,744,072 shares, while public non-institutional shareholders held 9,118,150 shares. Public institutional shareholders did not hold any shares on the record date.

For the reclassification resolution, promoter group shareholders polled 10,643,483 votes (67.60% of their holdings), while public non-institutional shareholders polled 335,750 votes (3.68% of their holdings). For the director reappointment resolution, promoter group participation increased slightly to 11,539,845 votes (73.30% of their holdings), with public non-institutional participation remaining at 335,750 votes (3.68% of their holdings).

What the Numbers Show

The unanimous support for both resolutions indicates strong alignment between the promoter group and public non-institutional shareholders regarding governance changes. The higher participation rate from the promoter group (over 67% for the first resolution and over 73% for the second) compared to the public non-institutional segment (under 4%) suggests that the promoter bloc drove the voting volume, though the lack of dissent from any category confirms broad acceptance of the proposed structural and board adjustments.