Announced Fri, 10 Jul · 13:46 IST
Grovy India AGM: All 7 resolutions passed; 1% dividend declared
Board & Shareholder Meetings View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
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₹48.12
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AI summary
Grovy India's 41st AGM on July 8, 2026 saw all 7 resolutions pass with over 99.98% approval. Key items: final dividend of Rs 0.10 per share for FY26; increase in authorized share capital; preferential issue of up to 41,69,433 equity shares to promoters and public; appointment of Prakash Chand Jalan as Managing Director cum Chairperson and Ankur Jalan as Non-Executive Director; re-appointment of Anita Jalan. About 81% of shares were polled.
Likely market impact
Shareholders get Rs 0.10 per share dividend. Preferential allotment of 41.7 lakh shares may dilute equity by about 31%. New MD appointed.