KNR Constructions Announces 31st AGM on Sept 25, 2026, to Discuss Dividend and Related Party Transactions
KNR Constructions will hold its 31st AGM on September 25, 2026, via VC/OAVM. The agenda includes adopting FY26 financial statements, declaring a ₹0.25 per share final dividend, and approving related party transactions up to ₹3,552.43 Cr with KNRHC Baidyanath Banhardih Coal Mine Pvt Ltd and ₹3,311.71 Cr with KNR-SIML (JV). E-voting is open from Sept 22-24, 2026.
The AGM agenda includes significant items such as dividend declaration and substantial related party transactions. These require shareholder approval and can have a material impact on the company's financial dealings and governance, thus warranting a medium impact assessment.
The announcement is a routine notice regarding the Annual General Meeting, including financial statement adoption, dividend proposal, director re-appointment, and related party transaction approvals. While these are important corporate actions, they do not inherently signal a positive or negative shift in the company's performance or outlook.
KNR Constructions Limited has announced that its 31st Annual General Meeting (AGM) will be held on Friday, September 25, 2026, at 12:30 PM IST. The meeting will be conducted through Video Conference or Other Audio Visual Means (VC/OAVM) in compliance with regulatory circulars. The agenda for the AGM includes the adoption of audited financial statements for the financial year ended March 31, 2026, both standalone and consolidated, along with the Board and Auditors' reports. A final dividend of ₹0.25 per equity share of ₹2.00 each for the financial year 2025-26 is proposed for declaration. Additionally, the members will vote on the re-appointment of a director who retires by rotation. Special business includes the ratification of remuneration for the Cost Auditors for the financial year ending March 31, 2027, which is set at ₹3,00,000 excluding taxes. The meeting will also seek member approval for material related party transactions, including an aggregate value not exceeding ₹3,552.43 Crores with its subsidiary, KNRHC Baidyanath Banhardih Coal Mine Private Limited, and transactions not exceeding ₹3,311.71 Crores with KNR-SIML (JV). The e-voting period will commence on Tuesday, September 22, 2026, at 9:00 AM and conclude on Thursday, September 24, 2026, at 5:00 PM. The cut-off date for e-voting eligibility is September 18, 2026. Mr. Vikas Sirohiya has been appointed as the scrutinizer for the e-voting process.
A plain-language summary of a public exchange filing by KNR Constructions Limited. Read the original for the full detail.