Xpro India Limited shareholders declared a dividend of ₹2.00 per equity share for the financial year ended March 31, 2026, and approved the appointment of Girish Behal as Managing Director during its 29th Annual General Meeting (AGM). The meeting, held via video conferencing on July 20, 2026, with the deemed venue at the company’s registered office in Bankura, West Bengal, also saw the re-election of two directors and the ratification of cost auditor remuneration, with all seven resolutions passing with overwhelming support.

The dividend declaration applies to 2,34,70,391 equity shares, payable to shareholders whose names appear on the Register of Members or as beneficial owners at the close of working hours on July 13, 2026. This payout reflects the company’s commitment to returning value to shareholders following the adoption of its audited financial statements for FY26. The resolutions were passed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant provisions of the Companies Act, 2013.

Key Resolutions Passed

Shareholders approved the following key agenda items with near-unanimous consent:

Girish Behal, currently serving as President & Chief Executive Officer, will assume the role of Managing Director effective January 1, 2027, for a term of three consecutive years. His remuneration is capped at ₹330 lakh per annum or 5% of net profits, whichever is lower, with a minimum guarantee of ₹27.50 lakh per month if profits are inadequate. The Board also authorized the payment of commission to non-executive directors up to 1% of net profits, capped at ₹1.25 crore annually, for five years commencing April 1, 2026.

Board Changes and Auditor Ratification

Smt. Madhushree Birla was re-elected as a Director after retiring by rotation. Ms. Suhana Murshed was re-appointed as a Non-Executive Independent Director for a second five-year term, extending her tenure until July 19, 2031. These appointments strengthen the Board’s continuity and independent oversight capabilities.

The company also ratified the remuneration of M/s Sanghavi Randeria & Associates, Cost Accountants, Mumbai, for conducting the cost audit for FY27. The approved fee is ₹1,35,000 plus applicable taxes and out-of-pocket expenses. Ashish Gera of Walker Chandiok & Co. LLP served as the Statutory Auditor, while Ankita Dutta of Mamta Binani and Associates acted as the Secretarial Auditor. Both auditors confirmed no adverse remarks in their respective reports.

Sidharth Birla, Chairman, presided over the meeting, which commenced at 10:30 am and concluded at 11:50 am. Remote e-voting was conducted from July 17 to July 19, 2026, with on-site voting available for 15 minutes post-meeting via MUFG Intime India Private Limited. Sixty-one members attended virtually, with total votes cast exceeding 10.4 million across all resolutions.