30th AGM: All 5 resolutions passed, Rs.5 dividend declared

Board & Shareholder Meetings View source PDF

PONNIERODE · price

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AI summary

Ponni Sugars held its 30th AGM on June 24, 2026. Shareholders approved all 5 resolutions with 99.9% majority, including Rs.5 dividend per share for FY26 and reappointment of Chairman N Gopala Ratnam. FY26 revenue rose 15.6% to Rs.429 crore; PAT jumped 152.6% to Rs.48 crore, aided by Rs.51.5 crore exceptional income from APTEL tariff dispute win. Sugar recovery improved to 9.79%. Commission to non-executive directors approved for 3 years.

Likely market impact

Record Rs.5 dividend announced; stellar FY26 results with PAT up 152.6% boosted by one-time tariff income; watch tax disputes on cogeneration