Suyog Gurbaxani ropeways sets Sep 29 AGM; proposes Re. 0.50 dividend
- Suyog Gurbaxani Funicular Ropeways Ltd holds its 17th AGM on September 29, 2026
- Board recommends a final dividend of Re. 0.50 per equity share for FY26
- Shareholders to approve appointment of B. Padmanabhan as Independent Director
- Directors Suyash Lature and Aditya Gurbaxani seek re-appointment by rotation
*this image is generated using AI for illustrative purposes only.
Suyog Gurbaxani Funicular Ropeways Limited has scheduled its 17th Annual General Meeting for Tuesday, September 29, 2026, at 11:30 am. The meeting will be conducted via Video Conferencing or Other Audio-Visual Means in compliance with Ministry of Corporate Affairs and SEBI circulars.
Ordinary Business Agenda
Shareholders are asked to transact the following ordinary business items:
- Receive, consider, and adopt the Audited Financial Statements (Standalone and Consolidated) for the financial year ended March 31, 2026.
- Re-appoint Mr. Suyash Shivshankar Lature as a Director, who is retiring by rotation.
- Re-appoint Mr. Aditya Rajkumar Gurbaxani as a Director, who is also retiring by rotation.
- Declare a final dividend of Re. 0.50 per Equity Share for FY26.
Special Business: Independent Director Appointment
The Board seeks shareholder approval via Special Resolution to appoint Mr. B. Padmanabhan as an Independent Director. He was initially appointed as an Additional Director on January 13, 2026. The proposed term runs from January 13, 2026, to January 12, 2031. Mr. Padmanabhan is a Fellow Member of the Institute of Chartered Accountants of India with over 40 years of experience in finance, legal, secretarial, and M&A domains.
Dividend Details
The register of members and share transfer books will remain closed from Wednesday, September 23, 2026, to Tuesday, September 29, 2026. The dividend is payable to shareholders registered as on Tuesday, September 22, 2026. Tax at source will be deducted as per the Income Tax Act, 2025. Resident shareholders with valid PANs face a 10% TDS rate, while those without valid PANs face 20%. Non-resident shareholders are subject to 20% plus applicable surcharge and cess, unless beneficial DTAA rates apply.
E-Voting and Meeting Access
Remote e-voting opens at 9:00 am on Thursday, September 24, 2026, and closes at 5:00 pm on Monday, September 28, 2026. Shareholders can vote electronically through NSDL. Those who vote remotely can attend the meeting but cannot vote again during the proceedings. Ms. Amruta Giradkar has been appointed as the scrutinizer for the e-voting process.
Historical Stock Returns for Suyog Gurbaxani Funicular Ropeways
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.54% | +3.37% | -9.80% | -13.21% | 0.0% | 0.0% |
How might the appointment of Mr. B. Padmanabhan, with his extensive M&A experience, influence Suyog Gurbaxani's future strategic acquisitions or expansion plans in the ropeway sector?
Given the modest final dividend of Re. 0.50 per share, will management prioritize capital expenditure for new ropeway projects over increasing shareholder payouts in the upcoming fiscal year?
What impact could the re-appointment of current directors have on the company's governance structure and its ability to navigate regulatory changes in the infrastructure sector through 2026?
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