Syncom Formulations (India) Limited declared a final dividend of ₹0.10 per equity share for FY26 during its 38th Annual General Meeting held on September 30, 2026. The payout represents a 10% return on the face value of ₹1 per share.

The meeting, conducted via Video Conferencing/Other Audio Visual Means (VC/OAVM), was chaired by Ankit Kedarmal Bankda. The proceedings were attended by the Board of Directors, statutory auditors from Sanjay Mehta & Associates, and secretarial auditors from D. K. Jain & Co. The quorum was met with 73 members participating through the CDSL platform, exceeding the minimum requirement of 30 members.

Key resolutions passed

Shareholders approved several ordinary and special resolutions, including the adoption of standalone and consolidated audited financial statements for the year ended March 31, 2026. The auditors' report contained no qualifications or negative remarks.

The following key appointments and confirmations were ratified:

• Re-appointment: Ankit Kedarmal Bankda as Whole-time Director.
• Confirmation: Rahul Vijay Bankda as Managing Director and Director.
• Confirmation: Rinki Ankit Bankda as Whole-time Director and Director.
• Re-appointment: Ruchi Jindal as Woman Independent Director.
• Remuneration: Approval for increased remuneration for CFO Ankur Vijay Bankda and ratification of Cost Auditor remuneration for FY27.

Governance and compliance updates

The Company Secretary informed members that remote e-voting had commenced on September 27, 2026, and concluded on September 29, 2026. Voting results will be declared within two working days of the meeting's conclusion. The company also noted that unclaimed dividends for seven consecutive years are in the process of being transferred to the Investor Education and Protection Fund (IEPF) Authority.

What the numbers show

The dividend declaration of ₹0.10 per share on 94,00,00,000 equity shares indicates a total payout obligation of approximately ₹9.4 crore. This consistent dividend policy, maintained alongside the clean audit opinion, signals financial stability to shareholders. The high shareholder engagement, with 73 attendees against a minimum of 30, reflects active investor interest despite the virtual format.

Syncom Formulations (India) Limited promoters and promoter group have voluntarily waived their entitlement to the final dividend of ₹0.10 per share proposed for FY26. This decision reduces the total cash outflow by ₹4.75 crore, leaving a net payable amount of ₹4.64 crore for other shareholders.

The waiver applies to 47,53,47,599 equity shares held by the promoter entities, representing approximately 50.5% of the company's total outstanding shares. The Board of Directors had recommended the dividend subject to shareholder approval at the ensuing Annual General Meeting.

Dividend Waiver Details

The company disclosed that the waiver is voluntary, unconditional, and involves no consideration or benefit from the company to the concerned shareholders. The following table outlines the impact on the total dividend payout:

What the Numbers Show

Promoters hold exactly 50.57% of the total equity base (47,53,47,599 out of 94,00,00,000 shares). By waiving their share, they effectively reduce the company's immediate liquidity requirement for dividend distribution by more than half. The remaining liability falls entirely on the minority shareholders, who hold 46,46,52,401 shares.

This intimation was filed under Regulation 30 of the SEBI (LODR) Regulations, 2015, and Clause 118 of the Company’s Articles of Association. The final dividend remains subject to declaration by members at the Annual General Meeting.