Worth Peripherals AGM sees 100% vote approval for all resolutions
- All four AGM resolutions passed with 100% support from votes polled
- Promoter group voted on all 10.74 million shares held, showing full participation
- Public shareholder participation was limited to 10.05% of eligible votes
- Final dividend of ₹1 per equity share approved for FY26
- Mrs. Amarveer Kaur Chadha reappointed as director by rotation
*this image is generated using AI for illustrative purposes only.
Worth Peripherals Limited disclosed the voting results for its 30th Annual General Meeting (AGM) held on September 16, 2026. All four ordinary resolutions, including the declaration of a final dividend of ₹1 per equity share, were passed with 100% support from votes polled.
The meeting was conducted via video conferencing and other audio-visual means. A total of 5,949 shareholders were on record as of September 9, 2026. Of these, 56 shareholders attended via video conferencing: 6 from the promoter group and 50 from the public category.
Voting Participation
Voting activity was heavily concentrated among promoters. The promoter group held 10,743,880 shares and cast votes on all of them, representing 100% participation. In contrast, public non-institutional investors held 5,007,120 shares but voted on only 503,491 shares, resulting in a participation rate of 10.05%.
| Category | Shares Held | Votes Polled | Participation % | Votes in Favour | Votes Against |
|---|---|---|---|---|---|
| Promoter Group | 10,743,880 | 10,743,880 | 100% | 10,743,880 | 0 |
| Public Non-Institutions | 5,007,120 | 503,491 | 10.05% | 503,491 | 0 |
| Total | 15,751,000 | 11,247,371 | 71.40% | 11,247,371 | 0 |
No public institutional investors participated in the voting process.
Resolutions Passed
Shareholders approved the following items unanimously:
- Adoption of audited standalone and consolidated financial statements for the year ended March 31, 2026.
- Declaration of a final dividend of ₹1 per equity share of face value ₹10 each for FY26.
- Reappointment of Mrs. Amarveer Kaur Chadha (DIN: 00405962) as a director by rotation.
- Appointment of M/s. RS Mantri & Associates as Secretarial Auditor.
Scrutinizer Report
B Maksi Wala & Associates served as the scrutinizer for the meeting. The remote e-voting period ran from September 13, 2026, at 9:00 am to September 15, 2026, at 5:00 pm. The votes were unblocked on September 16, 2026, at 3:24 pm after the conclusion of the AGM, in the presence of two independent witnesses.
Mr. Raminder Singh Chadha, Chairman and Whole-Time Director, chaired the meeting. Mr. Jayvir Chadha, Managing Director, presented the financial highlights for FY25-26. Key management personnel, including CFO Mr. Gauri Shankar Agarwal and Internal Auditor Mr. Shubham Tirole, attended alongside statutory auditors M/s. Maheshwari & Gupta.
Historical Stock Returns for Worth Peripherals
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.55% | +8.43% | +13.43% | +20.01% | +5.70% | 0.0% |
How might the persistent low voting participation (10.05%) among public non-institutional investors impact the company's governance dynamics and shareholder engagement strategies in future AGMs?
Given the modest final dividend of ₹1 per share, what is the management's outlook on capital allocation priorities for FY27, such as reinvestment in R&D or debt reduction?
What specific growth initiatives or operational improvements does the board plan to highlight to public shareholders to increase engagement and trust following this unanimous but promoter-dominated vote?
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