AGM approves final dividend of Rs 37, re-appointment of directors

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Price reactionminutes from the announcement price · days from the prior close

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prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-1.3%+1.2% vs market

Other Textile Products peers, median of 190sector-0.9%+0.7% vs sector

On the reaction day the stock moved 1.2 pts more than Nifty Microcap 250 and 0.7 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 190Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

38th AGM held on 29 Sep 2026 via video conferencing. Shareholders approved a final dividend of Rs 37 per share for FY 2025-26. Also approved re-appointment of P.V. Chandran as Managing Director for 5 years from April 2027, continuation of K. Venkatachalam as Non-Executive Director past age 75, and appointments of two Independent Directors.

Likely market impact

Confirms Rs 37 dividend for FY26; leadership continuity at the top.