Coromandel Agro Products & Oils Ltd

AGM Details

• Date and time: 08 August 2026, 11:30 AM to 1:45 PM.
• Mode: physical AGM with remote e-voting.
• Venue: CAPOL, Jandrapeta, Chirala, Andhra Pradesh.
• Record date: 01 August 2026; shareholders on record: 96.

Key Resolutions

• Adoption of audited standalone financial statements for year ended 31 March 2026.
• Re-appointment of Meadem Sekhar, director retiring by rotation.
• Declaration of final dividend of Rs 1.50 per equity share.
• Ratification of Cost Auditors' remuneration for year ending 31 March 2027.

Voting Results

• Resolution 1 passed; 644,727 votes in favour, 0 against.
• Resolution 2 passed; 6,44,727 votes in favour, 0 against.
• Resolution 3 passed; 6,44,727 votes in favour, 0 against.
• Resolution 4 passed; 6,44,727 votes in favour, 0 against.

Dividend

• Final dividend of Rs 1.50 per equity share approved.

Director Changes

• Meadem Sekhar re-appointed as director (retiring by rotation).

Auditor Appointments

• Cost auditors' remuneration ratified for year ending 31 March 2027.

Material Related Party Transactions

• No material related party transactions approved.

Other Material Approvals

• No other material approvals reported.

Financial performance

• Standalone Q1FY2026-27 revenue from operations: Rs 1,726.13 lakh; total income: Rs 1,726.83 lakh.
• Profit before tax: Rs 171.94 lakh; tax expenses: Rs 15.00 lakh; net profit: Rs 156.94 lakh.
• EPS: Rs 19.87; basic and diluted for the quarter.

Segment revenue

• Wind Power division revenue: Rs 1,726.83 lakh; Seed Processing: Rs 9.68 lakh.

Balance sheet snapshot

• Total assets: Rs 3,645.58 lakh; equity: Rs 3,270.86 lakh.
• Cash & cash equivalents: Rs 1,211.62 lakh; inventories: Rs 1,672.53 lakh.
• Trade receivables: Rs 151.66 lakh; current liabilities: Rs 309.86 lakh; non-current liabilities: Rs 64.85 lakh.
• Equity share capital: Rs 79.00 lakh; other equity: Rs 3,191.86 lakh.

Audit status

• Standalone results reviewed by Audit Committee; limited review by NATARAJA IYER & CO; no audit opinion.

AGM resolutions

• 50th AGM held on 08 August 2026 at CAPOL premises.
• Adopted audited standalone financial statements for year ended 31 March 2026.
• Re-appointed Meadem Sekhar as director on retirement by rotation.
• Declared final dividend of Rs 1.50 per equity share (15%).
• Ratified cost auditors' remuneration for FY ending 31 March 2027.

AGM outcomes

• 50th AGM held on 08 August 2026.
• Adoption of Audited Standalone Financial Statements for year ended 31 March 2026.
• Auditor's report for FY 2025-26 contains no qualifications or adverse observations.
• Re-appointment of Mr. Meadem Sekhar (DIN 02051004) as director, retires by rotation.
• Final dividend of Rs 1.50 per equity share (15%) for FY ended 31 March 2026.
• Ratification of Cost Auditors' remuneration for FY ending 31 March 2026.
• Poll conducted; combined results and scrutinizer report to be declared within 48 hours and uploaded on website.

Meeting Details

• Date: 8 August 2026, Time: 02:30 P.M., Location: not disclosed

Key Agenda Items

• Take on record and approve the unaudited financial results for the quarter ending 30-06-2026

Other Notes

Financials

• Revenue from operations Rs. 10,632.84 lakh; total income Rs. 10,744.03 lakh.
• PAT Rs. 310.31 lakh; EPS Rs. 39.28.
• PBT Rs. 415.39 lakh; final dividend Rs. 1.50 per share (Rs. 11.85 lakh).
• Net margin 2.92%; operating margin 4.20%.
• Cash flow from operations negative Rs. 364.06 lakh.

Operations & volumes

• Cottonseed processed: 27,056 MT in FY26 vs 47,757 MT prior year.
• Avg cottonseed procurement price Rs. 30,425/MT vs Rs. 27,530/MT.
• Wind power income Rs. 38.47 lakh; output affected by wind variability.
• Cotton Linters exports 466.10 MT worth Rs. 169.85 lakh.
• Crushing began Oct 3, 2025; paused by March 2026 due to cottonseed scarcity.

Capital structure & liquidity

• Equity share capital Rs. 79.00 lakh; authorized Rs. 1.40 crore; no change.
• Borrowings Rs. 1,594.74 lakh; no long-term borrowings; deferred tax Rs. 64.86 lakh.
• Cash Rs. 12.20 lakh; working capital Rs. 2,662.65 lakh.
• No unsecured loans from directors in FY25-26.

Dividend & shareholding

• Final dividend Rs. 1.50 per share; total Rs. 11.85 lakh; subject to AGM.
• Record date 8-Aug-2026; book closure 2-8 Aug 2026.
• Dematerialised shares 94.91%; ISIN INE49501018.
• Promoter group holds 47.43%; public 52.57%.

Board & governance

• Board size five; three independent; six board meetings in FY26.
• Resigned 27-05-2025: Vadlamani Ravi and Amara Bhanu.
• Dr. T. Anitha Devi appointed Independent Director on 09-07-2025.

Audit & compliance

• Statutory auditor M/s Nataraja Iyer & Co; report unmodified.
• Secretarial auditor M/s K. Srinivasa Rao & Co; no qualifications.
• Cost auditor M/s Jithendra Kumar & Co; remuneration Rs. 35,000; ratification sought.
• Secretarial compliance report filed; no material non-compliances.

Risks & outlook

• Geopolitical and logistics risks due to Strait of Hormuz; higher freight and energy costs.
• Cottonseed availability risk; procurement discipline mitigates impact.
• FX/commodity price volatility; hedging and monitoring exposures.

Significant events

• Registered office shifted from Telangana to Andhra Pradesh on 28-Apr-2025.
• 49th AGM held 11-Aug-2025; 96 eligible; 15 attended; 79.88% shareholding.

AGM Details

• 50th AGM scheduled for 8 August 2026 at 11:30 a.m. at CAPOL Factory Premises, Andhra Pradesh.
• Ordinary business: adopt FY2025-26 standalone financials; reappoint Meadem Sekhar; declare final dividend Rs 1.50 per share.
• Special business: ratify remuneration of Rs 35,000 per annum for Cost Auditors M/s Jithendra Kumar & Co.

Dividend and Governance

• Dividend payout will be subject to AGM approval and applicable TDS provisions.
• Book closure from 2 August to 8 August 2026; record date 1 August 2026.
• Mr Meadem Sekhar to continue as Whole Time Director & CEO; remuneration Rs 18 Lakh annually.

Book closure details

• Book closure: 2 August 2026 to 8 August 2026 (inclusive).
• Purpose: determine dividend entitlement for FY2025-26 and the 50th AGM.
• Record date: 1 August 2026; entitles holders to dividend and AGM voting eligibility.
• Dividend: final dividend, subject to AGM approval and tax withholding; paid within statutory timelines.
• Security: equity shares.

Dematerialisation status

• No dematerialisation requests were received during the reporting period.