Empire Industries Ltd

Empire Industries Limited — Trading Window Closure from 1 October 2026; reopens 48 hours after declaration of Q3 2026 financial results (quarter ended 30 September 2026).

AGM Details

• AGM held on 16 September 2026 at 3:00 PM via VC/OVAM.
• Remote e-voting open 11–15 September 2026; cut-off date 9 September 2026.

Key Resolutions & Outcomes

• Resolution 1: Adoption of audited financial statements; passed with two shares against.
• Resolution 2: Declaration of final dividend; passed.
• Resolution 3: Declaration of special dividend; passed.
• Resolution 4: Appointment of Mr. Ranjit Malhotra by rotation; passed.
• Resolution 5: Ratification of remuneration to Vinay Mulay & Co. for FY 2026-27; passed.
• Resolution 6: Re-appointment of Dr. Anuja N. Mohe as Woman Independent Director; passed.

Dividends

• Final dividend declared for the year ended 31-03-2026; amount per share not disclosed.
• Special dividend declared for the year ended 31-03-2026; amount per share not disclosed.

Directors & Appointments

• Mr. Ranjit Malhotra re-appointed by rotation as Director.
• Dr. Anuja N. Mohe re-appointed as Woman Independent Director.

Auditors & Related Parties

• Cost auditor remuneration ratified for FY 2026-27.
• No material related party transactions disclosed.

AGM Details

• 125th AGM held on 16 September 2026 at 3:00 pm via VC/OAVM.

Voting and Scrutiny

• Remote e-voting open 11 Sep 2026 9:00 am to 15 Sep 2026 5:00 pm IST.
• Scrutinizer appointed: Ms. Deepa Gupta.

Meeting Proceedings

• Chairman S. C. Malhotra chaired the AGM.
• Notice convening AGM taken as read.

AGM and annual report

• 125th AGM scheduled for September 16, 2026 at 3:00 p.m. via VC/OAVM.
• 125th Annual Report for FY2025-26 is accessible on company and BSE websites.
• Members may request a free hard copy of the Annual Report.
• Members not registered with email should update PAN, email, KYC and bank details using ISR forms.
• Demat holders must register/update email, PAN and bank details with their Depository Participants.
• NSDL Database Management Limited (NDML) is the RTA; submit KYC documents to NSDL/NDML address.

Empire Industries Ltd AGM filing fragment provides no actionable details in excerpt

Financial performance

• Revenue from operations 73,120.14 Lakh in FY2025-26, up from 67,696.87 Lakh.
• Total revenue 74,966.98 Lakh; year-on-year growth.
• Profit before tax 6,013.11 Lakh.
• Profit after tax 5,154.80 Lakh.
• Earnings per share (basic) Rs 85.91.
• Final dividend Rs 25 per equity share; Special dividend Rs 25.
• Dividend payout Rs 2,999.98 Lakh.
• Geographic mix: India Rs 63,780.86 Lakh; Outside India Rs 9,339.28 Lakh.
• YoY: Revenue rose to 74,966.98 Lakh from 69,183.30 Lakh.
• Net cash flow from operating activities Rs 5,901.37 Lakh.

Dividends & capital allocation

• Final dividend of Rs 25 per share proposed.
• Special dividend of Rs 25 per share proposed.
• Record date 9-Sep-2026; dividend payable after AGM.
• Total proposed dividend Rs 2,999.98 Lakh.
• Dividend tax to be deducted at source as per IT Act.

Operational highlights

• Vitrum Glass turnover Rs 246.49 crore; exports Rs 40.44 crore.
• EMT order book strong; diversified sectors including Defence, Railways.
• EIE recovery; focus on Ports, Shipyards, Oil & Gas.
• Grabbit+ expansion; Emperia 1900 hygienic products expanded.
• Ambernath project progress; potential commercial development.

Capex & asset base

• Major capex: Plant & Machinery Rs 376.66 Lakh; Vehicles Rs 366.91 Lakh.
• Office equipment Rs 53.09 Lakh; Furniture Rs 5.46 Lakh; Software Rs 43.73 Lakh.
• PPE gross block end FY26: Rs 45,055.56 Lakh; net PPE Rs 29,504.05 Lakh.
• Capital work-in-progress Rs 210.52 Lakh.

Debt & liquidity

• Long-term borrowings Rs 6,793.25 Lakh; current borrowings Rs 9,720.78 Lakh.
• Cash & cash equivalents Rs 11,264.93 Lakh.
• Current ratio 1.81; debt/equity 0.15.
• Credit ratings: CARE A; CARE A1; stable outlook.

Governance

• Dr Anuja N. Mohe reappointed as Woman Independent Director for second five-year term.
• Rajbir Singh, tenure as Non-Executive Independent Director ends Sept 16, 2026.
• Secretarial Auditor Deepa Gupta appointed for five-year term (2025–2030).
• Board four meetings held; Independent Directors met separately on Aug 13, 2025 and Feb 11, 2026.

Audit & risk

• Statutory auditors: AT Jain & Co; no qualifications reported.
• Secretarial audit: conducted; report annexed; compliance on governance.
• Litigation and contingent liabilities disclosed; management reviews.
• Internal financial controls deemed adequate; no material weaknesses reported.

CSR & sustainability

• CSR expenditure Rs 91.52 Lakh; focus on health care, education, nutrition, WASH.
• KARO Trust CSR governance; CSR policy available on website.
• CSR projects: KARO LIFE Rs 59.93 Lakh; KARO HOME Rs 27.13 Lakh.
• Average net profit for CSR obligation Rs 91.63 Lakh.

Outlook & risks

• India GDP growth projected around 7.4%; Make in India opportunities.
• Exposure to exchange rate and interest-rate risks; fuel and raw material volatility.
• Real estate and cash flow remain watchers; careful inventory management advised.

Financial results

• Unaudited results for quarter ended 30 June 2026 approved.
• Limited review report on the quarter's unaudited results approved by M/s A. T. Jain & Co.
• Period covered: quarter ended 30 June 2026.

Governance updates

• Second term of Rajbir Singh, Non-Executive Independent Director, ends Sept 16, 2026.
• Reconstitution of five committees; effective from Sept 16, 2026.
• Committees affected: Audit, Nomination & Remuneration, Stakeholders' Relationship, CSR, Risk Management.
• Regulatory disclosure under SEBI LODR Reg 30/33 included; committee changes disclosed.

Dematerialisation/rematerialisation status

• No processing details for dematerialisation/rematerialisation are included in the chunk.