Ester Industries Announces 40th AGM on Sep 24, 2026, to Discuss FY26 Results and Dividend
Ester Industries will hold its 40th AGM on September 24, 2026, to adopt FY26 financial statements. A dividend of ₹0.25 per share is proposed. The company reported FY26 consolidated income of ₹1,392.7 crores and EBITDA of ₹110.6 crores, driven by specialty polymers and packaging films.
The AGM announcement is a routine corporate event. The proposed dividend and the discussion of financial performance and future strategies, especially regarding the ELITe joint venture, have a moderate impact on stakeholders.
The announcement is primarily a notice for the AGM and related financial reporting. While the financial results show growth, the EBITDA was impacted by mark-to-market losses, and the dividend is relatively small, leading to a neutral sentiment.
Ester Industries Limited has announced its 40th Annual General Meeting (AGM) will be held on Thursday, September 24, 2026, at 12:00 Noon IST. The meeting will be conducted through Video Conferencing (VC) and Other Audio-Visual Means (OAVM), in accordance with circulars from the Ministry of Corporate Affairs and SEBI.
The AGM agenda includes the consideration and adoption of the Standalone and Consolidated Audited Financial Statements for the financial year ended March 31, 2026, along with the Board of Directors' and Auditors' reports. A final dividend of ₹0.25 per Equity Share of ₹5 each for the financial year ended March 31, 2026, has been recommended for declaration.
Additionally, the meeting will address the appointment of a director in place of Mr. Ayush Vardhan Singhania, who retires by rotation and is eligible for re-appointment. The remuneration to Cost Auditors for the financial year ending March 31, 2027, amounting to ₹4,00,000 plus applicable taxes, will also be ratified.
The Annual Report for the financial year 2025-26, containing the Notice of AGM, has been sent electronically to members and is also available on the company's website. The company has provided detailed instructions for remote e-voting, which will be open from Monday, September 21, 2026, 9:00 A.M. (IST) to Wednesday, September 23, 2026, 5:00 P.M. (IST). Members can also vote during the AGM. The cut-off date for determining voting eligibility is Thursday, September 17, 2026.
The company's Chairman, Mr. Arvind Singhania, highlighted a consolidated total income growth of 7.2% to ₹1,392.7 crores for FY 2025-26, driven by a strategic shift towards high-margin Specialty Polymers, value-added packaging films, and advanced recycling capabilities. The CEO, Mr. Vaibhav Jha, noted that while consolidated EBITDA was ₹110.6 crores, it would have been ₹147.93 crores excluding mark-to-market losses on foreign currency loans. The company is investing in its joint venture, Ester Loop Infinite Technologies (ELITe), for chemical recycling, with land acquisition progressing and volume offtake contracts secured from global brands.
A plain-language summary of a public exchange filing by Ester Industries Limited. Read the original for the full detail.