Grovy India 41st AGM on July 8, 2026; Preferential Issue & Capital Hike on Agenda
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Grovy India Ltd will hold its 41st AGM on July 8, 2026 at 3:00 PM via video conferencing. Key items: (1) adoption of FY26 audited results; (2) final dividend of Rs. 0.10/share (1%) on 1.33 crore equity shares; (3) re-appointment of Anita Jalan as director; (4) increase in authorized share capital from Rs. 13.5 cr to Rs. 25 cr; (5) preferential issue of up to 41.69 lakh equity shares at Rs. 36/share (~Rs. 15 cr) to promoters and public; (6) appointment of Prakash Chand Jalan as MD cum Chairperson for 5 years; (7) Ankur Jalan moves from CFO to Non-Executive Director.
Preferential issue at Rs. 36/share will dilute existing holdings; modest dividend of Rs. 0.10/share; promoter-led leadership shift with Prakash Chand Jalan elevated to MD.