Disclosure of Voting Results of the 39th Annual General Meeting of the Company along with Scrutinizer''s Report
GUJAPOLLO · price
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Gujarat Apollo Industries Limited held its 39th AGM on September 28, 2026, and all five resolutions were passed with strong shareholder support. The resolutions included adoption of audited financial statements for FY26, declaration of a final dividend of Rs. 2 per equity share (20% on face value of Rs. 10), reappointment of Mr. Asit A. Patel as a retiring director, reappointment of Mr. Patel as Chairman & Managing Director (special resolution), and approval for sale/disinvestment in Credo Advanced Chemicals Limited (special resolution). A total of 67,96,336 shares (52.40% of outstanding) were voted, with 95.11% in favour and only 4.89% against across all resolutions. Promoter group voted entirely in favour, while public non-institutional shareholders showed 75.83% support and 24.17% opposition.
Shareholders approved a Rs. 2 per share dividend for FY26, confirming steady returns. The management team's continuity is secured with Mr. Asit Patel's reappointment as CMD. The approval to divest from Credo Advanced Chemicals signals a strategic restructuring that could unlock value or refocus the business.