Uni Abex Alloy Products secured near-unanimous shareholder approval for its ₹100 per share final dividend and key governance resolutions at its 53rd Annual General Meeting. The scrutinizer’s report confirmed that all six resolutions passed with over 99.9% support.

The meeting, held on September 9, 2026, via video conference, saw a total of 1,263,035 votes polled out of 1,975,000 outstanding equity shares, representing a participation rate of approximately 64%. Promoter group shareholders, holding 1,256,782 shares, cast the vast majority of votes, while public institutional investors did not participate in the e-voting process.

Key Resolutions Passed

Shareholders approved six resolutions during the AGM chaired by Chairman F. D. Neterwala. The primary financial outcome was the adoption of the financial statements and the declaration of the dividend.

Governance Updates

The board secured shareholder approval for the continuation of two senior directors beyond the statutory retirement age of 75 years. Mr. F. D. Neterwala, aged 74, will continue as Chairman and Non-Executive Director with effect from May 14, 2027. Similarly, Mrs. P. F. Neterwala, also aged 74, will continue as a Non-Executive Director from January 3, 2027. Both required special resolutions due to their age exceeding the standard limit.

Mr. Kuldeep Bhan was re-appointed as a director after retiring by rotation. The company also ratified the remuneration of M/s. Dhananjay V. Joshi & Associates as Cost Auditors for the financial year ending March 31, 2027.

Voting Process and Results

Remote e-voting was available from September 5 to September 8, 2026. Electronic voting was facilitated during the meeting via Central Depository Services Limited (CDSL). Mr. Prasen Naithani served as the Scrutinizer for the voting process.

The voting data reveals high concentration among promoter shares. Promoters voted in favor of all ordinary resolutions with 100% support. For the special resolutions regarding director continuities, Mr. F. D. Neterwala abstained from voting due to conflict of interest, resulting in slightly lower vote counts but maintaining near-unanimous approval from eligible voters.

Public non-institutional shareholders participated minimally, casting only 6,458 votes on the dividend resolution, with one vote recorded against. Institutional public shareholders held 554 shares but cast no votes.

Uni Abex Alloy Products Limited has fixed September 2, 2026 as the record date for determining shareholders eligible to receive its recommended dividend of ₹100 per share. This action follows the company’s strong first-quarter performance, where net profit rose 30.5% year-on-year to ₹7.25 crore. The dividend comprises a final equity dividend of ₹40 per share (400% of face value) and a special dividend of ₹60 per share (600% of face value), the latter linked to the disposal of investment property in Thane. Shareholders must hold equity shares on the record date to qualify for the payout, which will be disbursed on or after September 16, 2026, subject to approval at the upcoming Annual General Meeting.

The 53rd Annual General Meeting (AGM) is scheduled for September 9, 2026, at 3:00 p.m. (IST), to be conducted via Video Conferencing or Other Audio Visual Means. This mode of conduct aligns with circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. The cut-off date for determining voting eligibility for resolutions at the AGM is also set for September 2, 2026. The Board of Directors initially recommended the dividend during its meeting on May 27, 2026, and the results were subsequently approved on August 6, 2026, pursuant to Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Financial Context

The dividend recommendation comes against a backdrop of robust financial health. In Q1FY27, revenue from operations increased 4.7% to ₹41.03 crore from ₹39.18 crore in Q1FY26. Total income surged 15.8% to ₹47.84 crore, driven significantly by other income which jumped to ₹6.81 crore from ₹2.12 crore in the previous year’s corresponding period. Cost of materials consumed rose to ₹29.33 crore, reflecting higher production volumes, while employee benefits remained stable at ₹5.40 crore.

Profit before tax stood at ₹9.74 crore, up from ₹7.49 crore in Q1FY26. Tax expense was ₹2.48 crore, including a deferred tax charge of ₹0.51 crore. Earnings per share (basic and diluted) were ₹36.73, compared to ₹28.14 in Q1FY26. Walker Chandiok & Co LLP, the statutory auditors, issued a limited review report on these unaudited financial results.

Corporate Developments

In a separate corporate development, the Board accepted the resignation of Bhautesh Shah as Company Secretary and Compliance Officer, effective September 15, 2026. Shah cited personal growth opportunities outside the organization as the reason for his departure. The special dividend component is linked to the Thane land sale, from which the company recognized an exceptional gain of ₹27,353.05 lakhs in the prior financial year. Uni Abex operates in a single segment — Alloy and Steel Castings — and has no subsidiaries, associates, or joint ventures.