Tinna Rubber and Infrastructure Limited has remitted the second tranche of a loan amounting to US$ 400,000 to Mbodla Investments (Pty) Ltd, its joint venture in South Africa.

The transaction, valued at INR 3.86 crore at the time of transfer, was disclosed in a filing dated October 7, 2026. This payment follows an earlier intimation sent by the company on August 8, 2026, regarding the same financial arrangement.

Transaction Details

The company submitted the disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The funds were transferred as part of a loan facility extended to the foreign joint venture entity.

The filing confirms that the remittance is the second tranche of the agreed loan amount. The specific total value of the loan facility or the number of remaining tranches was not disclosed in this specific communication.

Tinna Rubber and Infrastructure shareholders approved a final dividend of ₹3.25 per equity share for FY26 at the 39th Annual General Meeting held on September 15, 2026. The assembly also ratified remuneration increases for the Managing Director and Joint Managing Director, alongside the reappointment of key board members.

The meeting saw high participation from promoter groups, who voted in favor of all resolutions concerning financial statements and dividends. However, institutional investors expressed dissent on specific management compensation packages.

Voting Results Overview

A total of 252 members cast votes representing 12,860,180 shares. The promoters, holding 12,109,804 shares, participated fully in remote e-voting for non-conflicted items. Public institutional investors held 722,877 shares, while public non-institutions held 5,183,076 shares.

Key Resolutions Passed

All 11 resolutions placed before the shareholders were passed with the requisite majority. Key outcomes include:

• Adoption of standalone and consolidated audited financial statements for the year ended March 31, 2026.
• Declaration of a final dividend of ₹3.25 (32.50%) per equity share of face value ₹10 each.
• Reappointment of Mr. Gaurav Sekhri as a director liable to retire by rotation.
• Reappointment of Mr. Sanjay Kumar Jain as Non-Executive Independent Director for a second five-year term.
• Approval of remuneration terms for Mr. Subodh Kumar Sharma as Whole Time Director.

Management Remuneration & Dissent

Shareholders approved remuneration modifications for senior leadership, though these resolutions faced notable opposition from institutional investors.

Promoter group interest was declared in the remuneration resolutions for the Sekhri family members. Consequently, promoters abstained or voted selectively on these items, with their participation rates varying between 50.67% and 87.88% depending on the specific resolution.

What the Numbers Show

Institutional investors voted against approximately 63.57% of the polled votes for the Managing Director’s remuneration hike and 62.88% for the Independent Director’s reappointment. This divergence highlights a disconnect between promoter-backed management decisions and institutional shareholder preferences regarding executive compensation and board tenure. Despite this dissent, the promoter group’s overwhelming shareholding ensured all resolutions passed comfortably.