PPAP Automotive to hold 31st AGM on September 18, 2026, recommends final dividend
PPAP Automotive will hold its 31st AGM on September 18, 2026, via VC/OAVM. The Board recommended a final dividend of ₹1.50 per share. The shares transfer books will close from September 12-18, 2026, with September 11, 2026, as the record date for dividend eligibility.
The announcement pertains to a regular annual general meeting and a dividend recommendation, which are expected corporate actions and do not indicate any significant change in the company's operations or financial performance.
The announcement is a routine corporate event (AGM) and dividend recommendation, which are standard disclosures and do not significantly deviate from expectations.
PPAP Automotive Limited has announced that its 31st Annual General Meeting (AGM) will be held on Friday, September 18, 2026, at 11:30 AM IST. The meeting will be conducted through Video Conference (VC) / Other Audio Visual Means (OAVM), with no physical presence of members at the venue. This is in compliance with the Companies Act, 2013, and relevant circulars from the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI).
The company's Board of Directors, in a meeting held on May 11, 2026, recommended a final dividend of ₹1.50 per share of face value ₹10, subject to shareholder approval. The Register of Members and Share Transfer Books will remain closed from September 12, 2026, to September 18, 2026, inclusive, for the AGM and dividend payment. The record date for determining eligibility for the dividend is September 11, 2026.
Shareholders are reminded that dividend income is taxable in their hands from April 1, 2020, and the company will deduct Tax at Source (TDS). Shareholders are requested to submit necessary documentation for TDS rate determination by September 12, 2026. The company also emphasized the SEBI mandate for dividend payments to be made electronically to security holders, particularly for those holding shares in physical form, requiring updated KYC details.
What to do with a filing like this
PPAP Automotive 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 low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by PPAP Automotive Limited. Read the original for the full detail.