Uttam Sugar Mills Announces 31st AGM on Sept 18, 2026, with Dividend Declaration
Uttam Sugar Mills Limited will hold its 31st AGM on September 18, 2026. The agenda includes adopting financial statements and declaring a 25% final dividend (₹2.50 per share). Key director re-appointments and approvals for charges up to ₹1750 crore and borrowings up to ₹2000 crore are also proposed. The record date for dividend is September 11, 2026.
The dividend declaration and re-appointment of directors are significant for shareholders and the company's governance. The approvals for significant borrowing and charges also indicate potential for future growth or financial restructuring, impacting the company's financial leverage.
The announcement is positive due to the proposed declaration of a final dividend and the re-appointment of key management personnel, indicating stability and shareholder returns.
Uttam Sugar Mills Limited has announced its 31st Annual General Meeting (AGM) will be held on Friday, September 18, 2026, at 12:00 noon through Video Conferencing (VC)/Other Audio Visual Means (OAVM). The company has dispatched its 31st Annual Report, including the Notice of the AGM for the financial year 2025-26, to all shareholders electronically.
The AGM agenda includes the adoption of audited standalone and consolidated financial statements for the year ended March 31, 2026. A key item is the proposed declaration of a final dividend of 25% (₹2.50 per equity share of face value ₹10). The meeting will also address the re-appointment of Mr. Shankar Lal Sharma as a Director liable to retire by rotation and his re-appointment as Whole Time Director for a further period of three years from January 1, 2027, to December 31, 2029, along with approval of his remuneration. Additionally, Mr. Raj Kumar Adlakha will be considered for re-appointment as Managing Director for a period of three years from April 1, 2027, to March 31, 2030, with approval of his remuneration and commission. The re-appointment of Mr. Ravi Kumar as a Non-Executive Independent Director for a second tenure of five years (August 10, 2027, to August 09, 2032) will also be discussed.
Furthermore, the shareholders will vote on special business items including consent under Section 180(1)(a) of the Companies Act, 2013, to create charges and mortgages up to ₹1750 Crores for financial assistance, and consent under Section 180(1)(c) for borrowings up to ₹2000 Crores. The remuneration of the Cost Auditor, M/s. M. K. Singhal & Co., for the financial year 2026-27, has also been proposed for ratification.
The record date for determining shareholders eligible for the final dividend is September 11, 2026, and the dividend payment is scheduled for October 17, 2026. The company has provided detailed information regarding tax deduction at source (TDS) for both resident and non-resident shareholders, along with procedures for updating bank details and submitting necessary tax-related documents by September 11, 2026.
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Uttam Sugar Mills 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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See the model portfoliosA plain-language summary of a public exchange filing by Uttam Sugar Mills Limited. Read the original for the full detail.