Shareholders of Venus Pipes & Tubes approved a final dividend of ₹0.50 per equity share for FY26 and reappointed seven board members for five-year terms at the company's 12th Annual General Meeting held on September 11, 2026.

The AGM, conducted via Video Conference/Other Audio Visual Means (OAVM), processed votes from shareholders holding 20,716,110 shares. Remote e-voting ran from September 7 to September 10, 2026, while e-voting was available during the meeting on September 11, 2026. Piyush Prajapati & Associates served as the scrutinizer for the voting process.

Dividend and Financials

Members confirmed the payment of an interim dividend of ₹0.50 per equity share (5%) and declared a final dividend of ₹0.50 per equity share (5%) for the financial year ended March 31, 2026. The resolution passed with unanimous support from all voting categories.

Board Reappointments

The AGM approved the reappointment of several directors for terms extending to September or October 2031:

• Mr. Arun Axaykumar Kothari as Chairman and Managing Director (liable to retire by rotation)
• Mr. Megharam Sagramji Choudhary as Wholetime Director (liable to retire by rotation)
• Mr. Dhruv Mahendrakumar Patel as Wholetime Director (liable to retire by rotation)
• Mr. Jayantiram Motiram Choudhary as director retiring by rotation
• Mr. Kailash Nath Bhandari as Independent Director (second term, not liable to retire by rotation)
• Mr. Pranay Ashok Surana as Independent Director (second term, not liable to retire by rotation)
• Mrs. Komal Lokesh Khadaria as Independent Director (second term, not liable to retire by rotation)

Mr. Shyam Agrawal's reappointment as Independent Director also passed, though it received significant opposition from institutional investors.

Voting Analysis

Promoter group shareholders voted in favor of all resolutions, casting 10,026,824 votes representing 99.97% of their outstanding shares. Public institutional shareholders showed varying levels of support across different agenda items.

What the Numbers Show

Institutional investors opposed Mr. Shyam Agrawal's reappointment as Independent Director, with 88.49% of their votes cast against the resolution. Despite this opposition, the resolution passed due to strong promoter support, receiving 84.35% of total votes polled in favor. Similarly, institutional shareholders voted against increasing borrowing limits (87.69% against) and creation of charges (45.50% against), though both special resolutions secured majority approval overall.

The cost auditor remuneration ratification received near-unanimous support, with only 664 votes cast against out of 13,593,219 total votes polled.

Venus Pipes & Tubes Limited has scheduled its 12th Annual General Meeting (AGM) for September 11, 2026. The meeting is set to begin at 4:00 pm and will be conducted through video conference or other audio-visual means (OAVM), allowing shareholders to participate remotely.

Corporate Action Details

The company issued an intimation under Regulation 30 and 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, on August 20, 2026. Alongside the notice for the AGM, Venus Pipes is dispatching its 12th Annual Report for the financial year ended March 31, 2026.

Key Dates and Voting Schedule

Pursuant to Regulation 42 of the SEBI Listing Regulations, the cut-off date (record date) for determining the eligibility of members entitled to final dividend and to vote at the 12th AGM is Friday, September 4, 2026.

Remote e-voting will remain open for a period commencing from Monday, September 7, 2026, at 9:00 am to Thursday, September 10, 2026, till 5:00 pm (both days inclusive).

Members present in the AGM through VC/OAVM and who have not cast their vote on the resolutions through remote e-voting and are otherwise not barred from doing so, shall be eligible to vote through the e-voting system during the AGM. Detailed instructions for remote e-voting, e-voting during the AGM and attending the AGM through VC/OAVM are provided in the Notice of the AGM.

Document Dispatch

The notice and the annual report are being sent electronically to members who have registered their email addresses with the company, depository participants, or the registrar and transfer agent. These documents are also available on the company’s investor relations website.

For shareholders who have not registered email addresses, the company is sending a letter pursuant to Regulation 36(1)(b) of the SEBI Listing Regulations. This letter provides a web link where the annual report can be accessed online. The company noted that there will be no dispatch of physical copies of the Annual Report to members except on request.

The compliance officer, Pavan Kumar Jain, confirmed the dispatch on August 20, 2026.