Gujarat Apollo Industries Limited AGM Voting Results Declared
Gujarat Apollo Industries Limited held its 39th AGM on September 28, 2026. Shareholders approved the audited financial statements for FY26, a final dividend of ₹2 per share, and the re-appointment of Mr. Asit A. Patel as Chairman Cum Managing Director. A special resolution for the sale of Credo Advanced Chemicals was also passed.
The approval of financial statements, dividend, and director re-appointments are routine corporate events. The sale of a subsidiary could have a moderate impact depending on its strategic significance, but the details provided suggest it was a straightforward shareholder decision.
The announcement details the successful conclusion of the AGM with all key resolutions passed, including dividend approval and director re-appointments, indicating smooth corporate governance and positive shareholder engagement.
Gujarat Apollo Industries Limited has announced the voting results of its 39th Annual General Meeting (AGM), which was held on Monday, September 28, 2026. The meeting addressed several key resolutions, including the adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026.
Shareholders also voted on the declaration of a final dividend of ₹2 per equity share (20% of face value) for the fiscal year 2025-26. Additionally, resolutions were passed regarding the appointment of a director in place of Mr. Asit A. Patel, who retires by rotation and offers himself for re-appointment, and his subsequent re-appointment as Chairman Cum Managing Director. A special resolution was also passed for the sale/disinvestment in Credo Advanced Chemicals Limited, subject to the condition that votes cast by public shareholders in favor exceed those against.
The voting was conducted through remote e-voting and ballot papers at the meeting. Detailed results show overwhelming support for the financial statement adoption, dividend declaration, and director re-appointments. The sale of Credo Advanced Chemicals also received strong approval from public shareholders.
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Gujarat Apollo 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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