OMAXAUTOBSEOMAX AUTOS LTDLowNeutral
Announced Thu, 30 Jul · 15:20 IST

Omax Autos 43rd AGM on Aug 29, 2026 - dividend, director appointments

Board & Shareholder Meetings View source PDFExplain this filing

OMAXAUTO · price

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Price reaction · full curve 14 horizons · vs prior close
-2.4%1-day move
₹196.55
prior close
₹186.25
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AI summary

Omax Autos 43rd AGM set for Aug 29, 2026 at 11 AM via video conferencing. Board recommends Rs. 2.50 dividend per share (face value Rs. 10) for FY26 with record date Aug 21. Resolutions include adopting FY26 accounts, re-appointing directors Nikhel Kochhar and Tavinder Singh (as WTD up to Rs. 85 lakh per year), re-appointing Nipun Khurana as Independent Director for 5 years from Aug 2027, raising MD Devashish Mehta's pay ceiling to Rs. 2 crore per annum for 3 years, and ratifying cost auditor JSN and Co at Rs. 2.5 lakh.

Likely market impact

Routine AGM items including dividend and director re-appointments. Pay hike for MD up to Rs. 2 crore annually signals compensation revision; broadly neutral.