Rico Auto Industries Ltd. AGM: All 4 Resolutions Passed, Dividend Declared
Rico Auto Industries Limited's 43rd AGM on September 8, 2026, saw all four resolutions passed. This included the adoption of FY26 financial statements and the declaration of a dividend of Re. 0.55 per share. The re-appointment of a director and ratification of cost auditor remuneration were also approved.
The passing of resolutions related to financial statements and dividend declaration are standard and expected outcomes of an AGM. While positive, they do not represent a significant new development or strategic shift.
All resolutions, including the adoption of financial statements and dividend declaration, were passed with a high majority, indicating shareholder confidence and approval.
Rico Auto Industries Limited held its 43rd Annual General Meeting (AGM) on September 8, 2026, through Video Conferencing (VC)/Other Audio Visual Means (OAVM). All four resolutions presented at the AGM were passed by the members with the requisite majority.
These resolutions included the adoption of the Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026, along with the Directors' and Auditors' reports. Additionally, a dividend of 55% (Re. 0.55 per equity share of Re. 1 each) for the financial year ended March 31, 2026, was declared. The appointment of a director, in place of Shri Samarth Kapur who retired by rotation and offered himself for re-appointment, was also approved. Finally, the ratification of remuneration payable to the Cost Auditors was passed.
The meeting utilized remote e-voting and e-voting during the AGM, facilitated by NSDL. The voting period for remote e-voting was from September 5, 2026, to September 7, 2026. The results show overwhelming support for all resolutions, with over 99.43% of the votes cast in favor of each resolution.
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Rico Auto 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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