Amines & Plasticizers to Hold 51st AGM on Sep 23, 2026; Approves Dividend
Amines & Plasticizers Limited will hold its 51st AGM on September 23, 2026, via VC/OAVM. The company proposes a dividend of ₹0.50 per share for FY26. Key agenda items include adopting financial statements, re-appointing Yashvardhan Ruia as Executive Director, and approving revised remuneration for CMD Hemant Kumar Ruia and Executive Director Yashvardhan Ruia.
The AGM agenda includes the adoption of financial results, a dividend declaration, and decisions regarding director re-appointments and remuneration. These are standard corporate governance events that impact shareholder relations and executive compensation structure, thus having a medium-term impact on the company's governance and financial planning.
The announcement is primarily procedural, detailing the upcoming AGM, financial statement adoption, dividend proposal, and remuneration adjustments for key management. While these are important corporate actions, they do not inherently signal a significant positive or negative shift in the company's immediate performance or outlook.
Amines & Plasticizers Limited has announced its 51st Annual General Meeting (AGM) scheduled to be held on Wednesday, September 23, 2026, at 4:00 PM IST. The meeting will be conducted through two-way video conferencing (VC) or other audio-visual means (OAVM).
During the AGM, the company will transact several key businesses, including the adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026. A dividend of ₹0.50 per equity share with a face value of ₹2 each for the financial year ended March 31, 2026, is proposed for declaration.
The agenda also includes the re-appointment of Mr. Yashvardhan Ruia as an Executive Director, who retires by rotation. Furthermore, the company seeks approval for the revised remuneration of Mr. Hemant Kumar Ruia, Chairman & Managing Director, for the remainder of his tenure from April 01, 2027, to March 31, 2029, and for the financial year 2026-27. The revised remuneration includes a monthly salary of ₹10,00,000 with annual increments for Mr. Hemant Kumar Ruia, and a monthly salary of ₹4,50,000 with annual increments for Mr. Yashvardhan Ruia.
Additionally, the company will seek ratification of the remuneration payable to its cost auditors, M/s. A. G. Anikhindi and Co., for the financial year ending March 31, 2027, amounting to ₹2,40,000. The company also plans to seek approval for inviting and accepting unsecured deposits from its members, up to a limit not exceeding 35% of its paid-up share capital, free reserves, and securities premium account.
The notice of the 51st AGM, along with the Annual Report for FY 2025-26, is being sent to members whose email addresses are registered with the company or its Registrar and Share Transfer Agents (RTA). The notice is also available on the company's website.
A plain-language summary of a public exchange filing by Amines & Plasticizers Limited. Read the original for the full detail.