The Ruby Mills Limited Announces 110th AGM on Sep 24, 2026, to Discuss Financials and Remuneration
The Ruby Mills Limited will hold its 110th AGM on September 24, 2026, via VC/OAVM. The agenda includes adopting FY26 financials, declaring a final dividend, and approving remuneration for key managerial personnel including Shri. Hiren M. Shah, Shri. Bharat M. Shah, Shri. Viraj M. Shah, and Shri. Purav Hiren Shah.
The AGM agenda includes crucial decisions regarding financial statement adoption, dividend declaration, and remuneration for top management, which can have a medium-term impact on the company's governance and financial outlook.
The announcement is a routine notice for an Annual General Meeting and does not contain any performance-related news or significant business updates that would sway the sentiment.
The Ruby Mills Limited has announced its 110th Annual General Meeting (AGM) to be held on Thursday, September 24, 2026, at 4:30 p.m. IST through Video Conferencing (VC) / Other Audio-Visual Means (OAVM).
The agenda for the AGM includes several key items. Ordinary business will cover the receipt and adoption of the Audited Financial Statements (Standalone and Consolidated) for the financial year ended March 31, 2026, along with the Board of Directors' and Auditors' reports. Additionally, a final dividend of ₹X per fully paid-up equity share for the same financial year will be declared. The appointment of a Director, in place of Shri. Deepak Rameshchandra Shah, who retires by rotation, will also be considered.
Special business at the AGM will focus on ratifying the remuneration of the Cost Auditor, Shri. Dakshesh H. Zaveri, for an amount of ₹3,75,000 plus applicable taxes and out-of-pocket expenses for the financial year 2026-27. Furthermore, shareholders will vote on the approval of remuneration for key managerial personnel. This includes Shri. Hiren M. Shah (Executive Chairman) with proposed monthly remuneration of ₹18,00,000 for FY2027-28 and ₹21,60,000 for FY2028-29. Shri. Bharat M. Shah (Managing Director) and Shri. Viraj M. Shah (Managing Director) are also proposed to receive ₹18,00,000 per month for FY2027-28 and ₹21,60,000 per month for FY2028-29. Additionally, Shri. Purav Hiren Shah (CEO, Whole Time Director, and CFO) will have his remuneration increment approved, with a proposed monthly amount of ₹13,33,300 from August 1, 2026.
The Notice of the AGM, along with the Explanatory Statement detailing material facts for the proposed resolutions, has been uploaded on the company's website (www.rubymills.com) and will be available on the websites of the BSE and NSE.
A plain-language summary of a public exchange filing by The Ruby Mills Limited. Read the original for the full detail.