Vikram Thermo approves FY26 financials and dividend at 32nd AGM
- Vikram Thermo approved audited FY26 financial statements at its 32nd AGM
- Dividend on equity shares was declared as per board recommendation
- Dhirajlal Karsandas Patel reappointed as Managing Director by rotation
- Remuneration increase approved for related party Vikalp Dhirajlal Patel
*this image is generated using AI for illustrative purposes only.
Vikram Thermo (India) Limited shareholders approved the audited financial statements for the fiscal year ended March 31, 2026, during the company's 32nd Annual General Meeting held on September 29, 2026. The meeting also sanctioned a dividend on equity shares as recommended by the board.
The AGM was conducted through Video Conference and Other Audio-Visual Means, commencing at 11:00 am. Dhirajlal Karsandas Patel, Chairman and Managing Director, chaired the session. The meeting was convened in compliance with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in line with Ministry of Corporate Affairs circulars permitting virtual meetings.
Key resolutions passed
Shareholders transacted both ordinary and special business items outlined in the notice convening the meeting:
- Adoption of Financials: Approval of the Balance Sheet, Statement of Profit and Loss, Auditor Report, and Director Report for FY26.
- Dividend Declaration: Approval of the dividend on equity shares recommended by the Board of Directors.
- Director Reappointment: Reappointment of Dhirajlal Karsanbhai Patel (DIN: 00044350), Managing Director, who retired by rotation under Section 152(6) of the Companies Act, 2013.
Special business approvals
The members also approved the following special business items:
- Reappointment of Dineshkumar Harjivanbhai Patel as Whole Time Director.
- Reappointment of Ankur Patel as Whole Time Director.
- Increase in remuneration for Vikalp Dhirajlal Patel, Head of F&D, who is a related party and relative of the Managing Director.
Meeting proceedings
The Chairman summarized the company's business operations and financial performance. A Q&A session followed, where queries from shareholders were addressed satisfactorily. E-voting facilities remained open for 15 minutes post-discussion to allow members to cast their votes.
A. Shah & Associates, Practicing Company Secretaries, served as the scrutinizer for the e-voting process. The results of the voting were scheduled for declaration upon receipt of the scrutinizer's report. The meeting concluded at 11:51 am.
Historical Stock Returns for Vikram Thermo
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.01% | +28.21% | +42.33% | +199.32% | +160.27% | +963.97% |
How will the approved dividend payout ratio impact Vikram Thermo's capital allocation strategy for upcoming capacity expansion projects?
What specific operational efficiencies or market share gains are expected from the continued leadership of Dhirajlal Karsandas Patel and the reappointed Whole Time Directors?
How might the increased remuneration for the Head of F&D influence future R&D investments and product innovation timelines in the thermal engineering sector?
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