Divgi TorqTransfer Systems Announces 61st AGM on Sep 18, 2026, Declares Final Dividend of ₹3.27
Divgi TorqTransfer Systems will hold its 61st AGM on September 18, 2026. The company will declare a final dividend of ₹3.27 per equity share. Directors Sanjay Bhalchandra Divgi and Bharat Bhalchandra Divgi are proposed for re-appointment. M/s. Kirtane & Pandit LLP will be appointed as Statutory Auditors. Special incentives of ₹1.23 crore for the MD and ₹0.60 crore for the ED are proposed.
The AGM announcement, dividend declaration, director re-appointments, auditor appointment, and special incentives for management are significant corporate governance and financial events that can impact investor sentiment and the company's operational direction.
The announcement includes a proposed final dividend and the re-appointment of directors, which are generally viewed positively by shareholders. The approval of special incentives for management also indicates confidence in their performance.
Divgi TorqTransfer Systems Limited has announced its 61st Annual General Meeting (AGM) for the financial year 2025-26, scheduled to be held on Friday, September 18, 2026, at 02:30 PM IST. The meeting will be conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM).
During the AGM, the company will present the Audited Standalone Financial Statements for the year ended March 31, 2026, along with the Reports of the Board of Directors and Auditors. A final dividend of ₹3.27 per equity share of face value ₹5 each has been recommended for the financial year ended March 31, 2026. This dividend will be paid to shareholders whose names appear on the company's register of members as of September 10, 2026.
Furthermore, the AGM will address the re-appointment of Mr. Sanjay Bhalchandra Divgi and Mr. Bharat Bhalchandra Divgi as Directors, who are retiring by rotation. The company also proposes to appoint M/s. Kirtane & Pandit LLP, Chartered Accountants, as the Statutory Auditors from the conclusion of the 61st AGM until the conclusion of the 66th AGM.
In addition, special business includes seeking member approval for special incentives for key management personnel: ₹1,22,75,000 (Rupees One crore twenty-two lakhs and seventy-five thousand only) for Mr. Jitendra Divgi, Managing Director, and ₹59,50,000 (Rupees Fifty-nine lakhs fifty thousand only) for Mr. Hirendra Divgi, Executive Director. The company has also detailed the remote e-voting process for shareholders, which will be open from September 15, 2026, 9:00 AM IST to September 17, 2026, 5:00 PM IST.
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Divgi Torqtransfer Systems 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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See the model portfoliosA plain-language summary of a public exchange filing by Divgi Torqtransfer Systems Limited. Read the original for the full detail.