Transrail Lighting has recommended a final dividend of ₹2 per equity share for FY26, subject to shareholder approval at its upcoming annual general meeting. The company has scheduled its 19th AGM for September 28, 2026.

The Board of Directors also fixed September 11, 2026, as the record date to determine shareholders eligible for the dividend payout. This recommendation follows the company's financial performance for the fiscal year ending March 31, 2026.

Meeting Details and Voting

The 19th Annual General Meeting will be held via video conference or other audio-visual means in compliance with Ministry of Corporate Affairs and SEBI circulars. It is scheduled to begin at 3:30 pm on Monday, September 28, 2026.

Shareholders holding shares as of September 21, 2026, will be entitled to cast their votes electronically. This cut-off date aligns with Regulation 44 of SEBI LODR and Section 108 of the Companies Act, 2013. The e-voting facility will be available through Central Depository Services Limited (CDSL). Individual demat account holders can vote using single login credentials via their depository or depository participant websites.

Dividend and Tax Implications

The final dividend will be paid within 30 days from the date of the AGM, provided it is approved by shareholders. Only members on record as of September 11, 2026, will receive the payout.

In compliance with SEBI circulars effective April 1, 2024, dividends will be paid electronically even to physical shareholders, but only if their folios are KYC compliant. A folio is considered compliant upon registration of full address, mobile number, email, bank details, specimen signature, nomination choice, and valid PAN.

Members are informed that dividends are taxable under the Income Tax Act. The company will deduct tax at source (TDS) based on the shareholder's residential status and PAN. Shareholders are requested to update their tax-related documents with their depository participants or the Registrar and Share Transfer Agent, MUFG Intime India Private Limited, by September 18, 2026, to ensure accurate TDS deduction.

Monica Gandhi, Company Secretary and Compliance Officer, issued the notice confirming these dates and procedures.

Transrail Lighting has initiated a postal ballot to seek shareholder approval for raising capital up to ₹600.00 crore through a Qualified Institutions Placement (QIP) and for amending its memorandum of association. The move signals the company’s intent to expand its capital base, potentially funding growth initiatives or strengthening its balance sheet, though specific end-use details were not disclosed in the notice. Shareholders holding equity as of the August 3, 2026 cut-off date are eligible to vote remotely via electronic means.

The postal ballot was dispatched electronically on August 10, 2026, in compliance with Sections 102, 108, and 110 of the Companies Act, 2013, and Regulation 44 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Central Depository Services Limited (CDSL) has been engaged to facilitate the remote e-voting process. The voting window opens on Wednesday, August 12, 2026, at 09:00 A.M. IST and closes on Thursday, September 10, 2026, at 05:00 P.M. IST. Once cast, votes cannot be altered or recast.

The Board appointed Mitesh Shah, Partner at Mitesh Shah & Co., as the scrutinizer to ensure a fair and transparent voting process. The results will be communicated to the BSE and NSE within two working days of the voting conclusion and published on the respective exchange websites and the company’s portal. Notices were also published in Free Press Journal and Navshakti on August 11, 2026, to inform shareholders of the proceedings.

Key Resolutions Under Consideration

Shareholders are being asked to approve two special resolutions:

The QIP route allows the company to raise funds from eligible institutional investors without a public issue, often providing faster access to capital. The amendment to the memorandum of association suggests a potential broadening of the company’s operational scope or business activities, aligning with strategic long-term goals.

Voting Process and Details

The remote e-voting facility is available exclusively through CDSL’s platform. Voting rights are proportional to the paid-up equity share capital held by members as of the cut-off date. Detailed procedures and FAQs are available on the CDSL website. For grievances, shareholders may contact Rakesh Dalvi at CDSL or Monica Gandhi, Company Secretary and Compliance Officer at Transrail Lighting.

The company emphasized that no voting will be permitted after the September 10 deadline, as the module will be disabled thereafter. This structured approach ensures compliance with regulatory timelines while facilitating ease of participation for dispersed shareholders.