Weizmann Ltd concludes 39th AGM with board and pay approvals

Weizmann Limited concluded its 39th Annual General Meeting (AGM) on July 23, 2026, where shareholders approved critical governance matters including the adoption of audited financial statements for FY26, the declaration of a dividend, and significant revisions to executive remuneration. The meeting, conducted through Video Conferencing/Other Audio-Visual Means (OAVM), saw the requisite quorum present under the chairmanship of Dharmendra G. Siraj, Chairman of the Company.

The proceedings were held in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Remote e-voting was facilitated by National Securities Depository Limited (NSDL) from July 20 to July 22, 2026, with an additional voting window open during the meeting and for 15 minutes post-conclusion. Statutory Auditors M/s Batliboi & Purohit and Secretarial Auditor Mr. Martinho Ferrao were present to oversee the process.

Key Resolutions Approved

Shareholders voted on four ordinary resolutions under ordinary business and four resolutions under special business. The Board of Directors reported that all resolutions were put to vote electronically, eliminating the need for proposing and seconding motions during the session.

Resolution Category	Item Description	Status
Ordinary Business	Adoption of Audited Financial Statements for year ended March 31, 2026	Approved
Ordinary Business	Declaration of Dividend on Equity Shares	Approved
Ordinary Business	Re-appointment of Chetan D Mehra as Director retiring by rotation	Approved
Special Business	Ratification of Cost Auditor's Remuneration	Approved

Executive Remuneration Revisions

The special business segment focused heavily on human capital governance, specifically the revision of remuneration for key personnel. Shareholders approved the following changes:

Ms. Isha Siraj Kedia: Revision in remuneration to hold and continue to hold an office or place of profit in the Company.
Ms. Kanan Neelkamal Siraj: Revision in remuneration to hold and continue to hold an office or place of profit in the Company.
Ms. Meghna Neelkamal Siraj: Revision in remuneration to hold and continue to hold an office or place of profit in the Company.
Shri. Neelkamal V Siraj: Revision in remuneration for his role as Managing Director, effective from Financial Year 2026-2027 until the residual period of his tenure.

Chetan D Mehra, Director, addressed shareholder queries during the session, ensuring transparency regarding the proposed changes. The final results of the e-voting were communicated to the stock exchanges and published on the company’s website and NSDL’s platform.

Governance and Compliance

The meeting underscored Weizmann Limited’s adherence to regulatory standards, with detailed disclosures provided to members regarding the voting mechanism and auditor reports. The seamless integration of remote e-voting and live VC participation facilitated broad shareholder engagement, aligning with contemporary corporate governance best practices.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.13%	-1.34%	-10.95%	-8.22%	-33.64%	+38.05%

Weizmann Ltd has fixed July 16, 2026 as the record date to determine shareholder eligibility for the final dividend for the financial year ended March 31, 2026. The Register of Members and Share Transfer Books will remain closed from July 17, 2026 to July 23, 2026. The 39th Annual General Meeting (AGM) is scheduled for July 23, 2026 at 3:30 p.m. through Video Conferencing (VC) or Other Audio Visual Means (OAVM). The company has published notices in the Financial Express and Mumbai Lakshadeep on July 2, 2026, intimating the details regarding the AGM, record date, book closure, and e-voting facility in compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board of Directors has recommended a final dividend of Re. 0.50 per equity share, subject to shareholder approval at the AGM. This dividend is consistent with the previous year's payout. The total dividend outgo is estimated at ₹77.46 Lakhs. Remote e-voting for the AGM commences on July 20, 2026 and closes on July 22, 2026, with the cut-off date for determining eligibility set as July 16, 2026.

Financial Performance

The company reported a year-on-year increase in total income, though profitability declined marginally in FY26. Total income increased by approximately 8.08% to ₹12,701.26 Lakhs from ₹11,751.66 Lakhs in the previous year. Revenue from sale of services rose to ₹115.50 crore from ₹110.17 crore, while sale of products increased to ₹11.18 crore from ₹7.08 crore. Profit After Tax declined to ₹697.00 Lakhs from ₹800.97 Lakhs in the prior year.

Particulars	FY 2025-26 (₹ in Lakhs)	FY 2024-25 (₹ in Lakhs)
Total Income	12,701.26	11,751.66
Profit Before Depreciation	1,387.76	1,458.04
Less: Depreciation	448.28	336.71
Profit Before Tax	939.48	1,121.33
Less: Income Tax	228.42	327.07
Less: Deferred Tax	14.06	(6.71)
Profit After Tax	697.00	800.97
Other Comprehensive Income (Net of Tax)	3.54	(4.56)
Total Comprehensive Income	700.54	796.41

Corporate Governance

The statutory audit was conducted by M/s. Batliboi & Purohit, Chartered Accountants, who issued an unmodified opinion. The Board held five meetings during the year. Shri. Suryanarayanarao Narendra was appointed as a Non-Executive Independent Director effective August 12, 2025, while Shri. Balady S. Shetty ceased to be a Director on September 25, 2025. The company spent ₹23.05 Lakhs on Corporate Social Responsibility (CSR) against an obligation of ₹8.76 Lakhs.