Vinati Organics Limited shareholders approved all resolutions proposed at the 37th Annual General Meeting (AGM), including a final dividend of ₹8.50 per equity share for financial year 2026. The company submitted the consolidated voting results and scrutinizer's report to stock exchanges on September 24, 2026.

The meeting was conducted through Video Conferencing (VC) and Other Audio-Visual Means (OAVM) in compliance with Ministry of Corporate Affairs and SEBI regulations. The session commenced at 11:00 am and concluded at 11:30 am, including a 15-minute e-voting window for attendees who had not voted remotely.

Key resolutions passed

Shareholders adopted the audited standalone and consolidated financial statements for the year ended March 31, 2026. The Board of Directors' report and Statutory Auditor's report were noted as self-explanatory, containing no qualifications or adverse remarks.

The following key items were approved by way of ordinary and special resolutions:

• Dividend Declaration: Confirmation of the final dividend of ₹8.50 per equity share of face value ₹1 each for FY26.
• Director Reappointment: Appointment of Viral Saraf Mittal as a director in place of herself, who retired by rotation and offered herself for reappointment.
• Auditor Remuneration: Ratification of remuneration payable to the Cost Auditor for financial year 2027.
• Executive Remuneration: Revision in remuneration for Amit Thanawala, Whole Time Director, effective from April 1, 2026, for the remainder of his tenure.

Voting results summary

The company disclosed detailed voting outcomes pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. All resolutions were passed with a requisite majority. The table below summarizes the votes polled across key categories for the dividend declaration resolution:

For the re-appointment of Viral Saraf Mittal, promoters voted entirely in favour, while public institutions recorded 36,356 votes against (0.31%) and public non-institutions recorded 4,524 votes against (0.96%).

Meeting proceedings

The meeting was chaired by Vinod Saraf, Chairman of the company. All board members were present, along with senior management personnel, representatives from statutory auditors M. M. Nissim & Co. LLP, and the secretarial auditor. VKM & Associates served as the scrutinizer.

Remote e-voting facilities were available to shareholders from September 18, 2026, to September 22, 2026. During the live meeting, e-voting remained open for an additional 15 minutes after discussions concluded to allow present members to cast their votes.

During the Q&A session, registered speakers raised queries which were addressed by the Chairman and Managing Director & CEO. The combined voting results and the Scrutinizer's Report have been disseminated to stock exchanges and uploaded to company websites within statutory timelines.

Vinati Organics subscribed to ₹9.03 crore worth of equity shares in its wholly owned subsidiary, Veeral Organics Private Limited, on September 21, 2026. The cash infusion strengthens the capital base of the chemical manufacturing unit while maintaining the parent company’s 100% ownership stake.

The transaction involved the subscription of 90,30,000 fully paid-up equity shares with a face value of ₹10 each at par. The newly issued shares rank pari-passu with existing equity shares of Veeral Organics. This move falls under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, mandating disclosure for material investments.

Subsidiary Performance

Veeral Organics, incorporated in October 2020, operates within the chemical industry, focusing on the manufacturing of organic fine specialty chemicals. This aligns directly with Vinati Organics’ core business lines. The subsidiary has shown significant revenue growth over the past three fiscal years.

The turnover data indicates a substantial expansion in the subsidiary’s operational scale, nearly doubling from FY24-25 to FY25-26.

Transaction Details

The investment was executed via a rights issue, with Vinati Organics providing full cash consideration. As Veeral Organics is already a wholly owned subsidiary, this acquisition does not alter the percentage of shareholding or control held by the parent company. The transaction is classified as a related-party transaction but is conducted at arm’s length. No promoter or promoter group interest exists in Veeral Organics beyond the shares held by Vinati Organics.

No governmental or regulatory approvals were required for this internal capital allocation. The Board of Directors, represented by Senior Vice President and Company Secretary Milind Wagh, confirmed the completion of the share subscription.