AGM notice on July 15, 2026 with final dividend, board changes, and borrowing limit hike
KRISHNADEF · price
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Krishna Defence has called its 13th AGM on July 15, 2026 at 11:00 AM via video conferencing. Key items: final dividend of Rs 1.25 per share (12.5%) with record date July 8, 2026; appointment of CNK and Associates as statutory auditors for 5 years; re-appointment of MD Ankur Shah and two independent directors; appointment of Harshadsinh Mahida as whole-time director at Rs 5 lakh per month; change in object clause to expand into defence, aerospace, naval, and drone businesses; increase in borrowing limit to Rs 300 crore; and ESOP vesting period extended from 90 to 180 days for deceased or disabled employees.
Shareholders get Rs 1.25 dividend per share. Major governance changes, business scope expansion into defence manufacturing, and higher borrowing capacity proposed for approval.