Veto Switchgears and Cables Limited shareholders approved a final dividend of ₹1 per equity share for FY26 during the company's 19th Annual General Meeting (AGM) held on September 28, 2026. The meeting, conducted via video conferencing, also saw the adoption of audited financial statements and the re-appointment of key directors.

The AGM was convened in compliance with Ministry of Corporate Affairs and SEBI circulars, allowing participation through Video Conferencing (VC) and Other Audio Visual Means (OAVM). A total of 50 shareholders attended the meeting virtually. Among them, four were from the Promoter and Promoter Group, while 46 were public shareholders. The total number of shareholders on the cut-off date of September 21, 2026, stood at 23,507.

Key resolutions passed

The following ordinary and special business items were transacted during the meeting:

Board composition and attendance

The Board of Directors present at the meeting included:

• Akshay Kumar Gurnani: Chairman and Managing Director
• Jyoti Gurnani: Non-Executive Non-Independent Director
• Sanjeev Kumar Dass: Non-Executive Independent Director
• Hari Krishan Motwani: Non-Executive Independent Director

Mr. Govind Jaiswal served as the Scrutinizer for the voting process, ensuring fair and transparent conduct of the remote e-voting and live e-voting procedures.

Governance and audit status

The Company Secretary reported that the Audit Report and Secretarial Audit Report for FY26 contained no qualifications, observations, or adverse remarks. These reports were taken as read with the permission of the members. The meeting concluded at 3:45 pm after members were given an additional 15-minute window to cast their votes via the e-voting platform if they had not already voted remotely.

Veto Switchgears and Cables Limited has scheduled its 19th Annual General Meeting (AGM) for September 28, 2026. The Board of Directors approved the audited financial results for FY26 and proposed a final dividend of ₹1 per share during its meeting on September 4, 2026.

The AGM will be conducted via video conferencing or other audio-visual means in compliance with SEBI regulations. The payout is subject to shareholder approval at the meeting.

Record Date and Dividend Details

The company issued a circular to BSE Limited and National Stock Exchange Limited on September 4, 2026, pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The record date determines eligibility for the dividend.

The total equity share capital stands at ₹1,911.49 lakhs, comprising 1,91,14,955 equity shares. Shareholders must register their email addresses with the company or their depository participants to receive the AGM notice and annual report electronically. The cut-off date for determining eligible shareholders is August 29, 2026.

Book Closure Period

The Register of Members will remain closed from September 22, 2026, to September 28, 2026. This closure ensures accurate identification of members entitled to attend the AGM and receive the dividend.

E-Voting Process

CDSL will provide the e-voting facility for the AGM. The cut-off date for e-voting eligibility is September 21, 2026. The remote e-voting period runs from September 25, 2026, at 9:00 am to September 27, 2026, at 5:00 pm. Mr. Govind Jaiswal has been appointed as the scrutinizer for the voting process.

Board Approvals and Remuneration Revisions

The Board approved several key matters during its September 4 meeting, including revisions to director remuneration effective October 1, 2026. These revisions were made pursuant to recommendations from the Nomination and Remuneration Committee.

Additionally, the AGM agenda includes the ratification of cost auditor remuneration for M/s Rajesh & Company, amounting to ₹15,000 inclusive of GST for FY27. Mr. Narain Das Gurnani retires by rotation and offers himself for re-appointment.

Regulatory Compliance

The disclosure aligns with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company corrected its earlier public notice, which had erroneously cited the event as the 16th AGM.