Atam Valves Board Approves Dividend Record Date, Re-appoints Directors
Atam Valves Limited set September 16, 2026, as the record date for final dividend eligibility. The Board approved the re-appointment of Mrs. Pamila Jain and Mr. Vimal Parkash Jain as Whole-Time Directors. The 41st AGM is scheduled for September 24, 2026. Proposals for related party transactions and increased borrowing powers were also approved.
The dividend declaration and re-appointment of directors are significant events for the company and its shareholders, impacting corporate governance and potential returns.
The announcement includes the approval of a record date for dividend, which is generally positive for shareholders, and the re-appointment of key management personnel.
Atam Valves Limited announced the outcome of its Board Meeting held on August 29, 2026. The Board approved the report for the financial year ended March 31, 2026. It has fixed September 16, 2026, as the record date for determining eligibility for the final dividend, subject to shareholder approval at the 41st Annual General Meeting (AGM).
The Board also approved the re-appointment of Mrs. Pamila Jain and Mr. Vimal Parkash Jain as Whole-Time Directors, both of whom were retiring by rotation. Their re-appointments are subject to shareholder approval at the upcoming AGM.
Further, the company considered and approved proposals for material related party transactions with AMCO Industries, subject to member approval. Additionally, proposals for the payment of remuneration to Managing Director Mr. Amit Jain and Whole-Time Directors Mr. Vimal Parkash Jain, Mrs. Pamila Jain, and Mr. Bhavik Jain were approved.
The Board also approved proposals to increase the borrowing powers of the Board and to create charges and hypothecations over the company's assets, both subject to member approval. Mr. Parminder Pal Singh Rally was appointed as the Scrutinizer for the 41st AGM's voting process.
The 41st AGM is scheduled to be held on Thursday, September 24, 2026, at 12:00 P.M. (IST) at Hotel Radisson, Jalandhar. September 16, 2026, has been set as the cut-off date for determining eligibility to attend and vote at the AGM.
A plain-language summary of a public exchange filing by Atam Valves Limited. Read the original for the full detail.