Cords Cable Industries Ltd. 35th AGM: Dividend Declared, Auditors Appointed, Director Re-appointed
Cords Cable Industries Limited held its 35th AGM on September 28, 2026. The company declared a 12% final dividend (₹1.20 per share) for FY2026. Mr. Pawan Kumar Maheswari was re-appointed as Director and appointed as Whole-time Director. M/s GVKN & Associates were appointed as Statutory Auditors for five years. Remuneration for MD Mr. Naveen Sawhney was increased.
The declaration of dividend, appointment of auditors, and changes in managerial roles are significant events that can impact investor perception and operational continuity.
The company declared a dividend and re-appointed key personnel and auditors, indicating stability and continued operations. The passing of most resolutions suggests shareholder confidence.
Cords Cable Industries Limited held its 35th Annual General Meeting (AGM) on Monday, September 28, 2026, at 10:00 A.M. in New Delhi.
The meeting commenced with the Chairman, Mr. Naveen Sawhney, welcoming the members and providing an overview of the company's performance for the financial year ended March 31, 2026. The audited financial statements, along with the Board and Auditors' reports, were presented and taken as read.
Key resolutions passed during the AGM include the adoption of the audited financial statements for FY2026, the declaration of a final dividend of 12% (Rs. 1.20 per equity share) amounting to approximately ₹1.55 crore, the re-appointment of Mr. Pawan Kumar Maheswari as a Director, and the appointment of M/s GVKN & Associates as Statutory Auditors for a term of five years until the 40th AGM. The remuneration of M/s S Chander & Associates as Cost Auditors for FY2027 was also ratified.
Additionally, special resolutions were passed for the appointment of Mr. Pawan Kumar Maheswari as Whole-time Director with effect from September 29, 2026, and for an increase in the remuneration of Mr. Naveen Sawhney, Managing Director, effective July 01, 2026. The remuneration package for Mr. Sawhney includes a fixed salary, commission on net profits, and other benefits.
However, resolutions for the approval of Dearness Allowance (DA) for Mr. Varun Sawhney and Mr. Gaurav Sawhney, both Vice Presidents, were not passed as Ordinary Resolutions. This was due to related party abstentions from voting. The meeting concluded at 10:30 A.M.
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Cords Cable Industries Limited filed this with the NSE as a statutory disclosure, categorised under agm. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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