Responsive Industries Holds 44th AGM, Approves Dividend and Director Appointments
Responsive Industries Limited held its 44th AGM on August 24, 2026. The company declared a final dividend of ₹0.10 per share for FY 2025-26. Key appointments including Mr. Aayush Agarwal as Chairperson and Mr. Bajrang Lal Bajaj as Independent Director were approved. Amendments to MoA/AoA to expand into infrastructure and real estate were proposed.
The AGM covered routine business like financial statement adoption and dividend declaration, along with significant board changes and proposed expansion into new sectors, which could have a medium-term impact on the company's strategic direction.
The announcement details the successful conclusion of the AGM, approval of dividend, and key director appointments, along with strategic expansion plans, all indicating positive corporate actions.
Responsive Industries Limited held its 44th Annual General Meeting (AGM) on August 24, 2026, conducted virtually via video-conferencing. The meeting, chaired by Mr. Aayush Agarwal, focused on adopting the audited standalone and consolidated financial statements for FY 2025-26, declaring a final dividend of ₹0.10 per share (10%), and approving the appointment of directors.
Key business transacted included the adoption of financial statements and the declaration of a final dividend. Resolutions were also passed concerning the appointment of Mr. Sadanand Morab as a director liable to retire by rotation, the appointment of Mr. Aayush Agarwal as Non-Executive Non-Independent Director & Chairperson, and Mr. Bajrang Lal Bajaj as Non-Executive Independent Director. Additionally, the remuneration of Cost Auditors for FY 2026-27 was ratified, and alterations to the Memorandum and Articles of Association were proposed to expand into infrastructure and real estate sectors and align with the Companies Act, 2013.
The Chairperson's speech highlighted the company's position as a leading manufacturer of PVC-based products and its strategic focus on growth in the Indian vinyl flooring market, which is projected to reach approximately US $2.38 billion by 2034. The company aims to gain market share in categories with low penetration and create higher-quality revenue with sustainable margins. The speech also acknowledged past challenges and opportunities, emphasizing a commitment to innovation, customer satisfaction, and shareholder value.
During FY 2025-26, Dr. Anita Shantaram resigned as an Independent Director, and Ms. Mita Jha passed away. Mr. Ajay Shanghavi and Ms. Jeny Gowadia were appointed as Independent Directors, regularized by shareholders. Mr. Rishabh Agarwal resigned as Non-Executive Director & Chairperson, and Mr. Aayush Agarwal and Mr. Bajrang Lal Bajaj were appointed as Additional Directors, with their appointments recommended to shareholders.
The company also noted that voting results and the Scrutinizer's report would be disclosed in due course. The proceedings are available on the company's website. The AGM commenced at 3:08 PM IST and concluded at 4:11 PM IST, including e-voting time.
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