Industrial & Prudential Investment Company Ltd

AGM details

• AGM held on 20 Aug 2026 at 11:30 a.m. via VC/OAVM.

Key resolutions

• Ordinary: adopt audited standalone and consolidated financial statements for FY2025-26.
• Ordinary: declare dividend.
• Ordinary: appoint Varun Swarup as director, retires by rotation.
• Special: continue Gaurav Swarup as CMD until Jan 31, 2027.

Voting results

• Item 1 adopted; in favour ~99.9997%; three against.
• Item 2 declared dividend; in favour ~99.9997%; three against.
• Item 3 appointed Varun Swarup; in favour ~99.9997%; three against.
• Item 4 continued CMD; in favour 100%; no against.

Dividend

• Dividend approved; amount per share not disclosed in filing.

Director changes

• Varun Swarup reappointed as director (retiring by rotation).
• Gaurav Swarup to continue as Chairman & MD through Jan 31, 2027.

AGM details

• Date: 20 August 2026; Time: 11:30 A.M. IST; Mode: VC/OAVM.
• Meeting duration: 11:30–12:20 IST with 15 minutes of e-voting.
• Remote e-voting window: Aug 17–19, 2026; Cut-off for voting: 12 Aug 2026.
• No physical attendance; proxies not applicable; quorum via video conference.

Key resolutions

• Adoption of standalone and consolidated financial statements for year ended March 31, 2026.
• Dividend on equity shares for FY 2025-26.
• Re-appointment of Varun Swarup as Director (retiring by rotation).
• Continuation of Gaurav Swarup as Chairman & Managing Director beyond age 70 up to Jan 31, 2027.

Voting results

• All resolutions passed; deemed passed subject to requisite votes.

Director changes

• Varun Swarup re-appointment as Director; Gaurav Swarup continuation as CMD approved.

Results snapshot

• Board approved unaudited standalone and consolidated results for quarter ended June 30, 2026.
• Standalone revenue from operations comprises dividend income, net fair value gains, and other income.
• Standalone PAT and EPS disclosed; EPS (basic/diluted) for quarter Rs 0.23.
• Consolidated results include share of profit from associate KSB Limited; PAT disclosed.
• Company is NBFC with a single reportable NBFC segment; RBI norms followed.
• Auditor's review report indicates no material misstatement; conducted per SRE 2410; not an audit.
• Figures balance: quarter ended June 30, 2026 and balancing figures for year ended March 31, 2026.
• Paid-up equity share capital Rs 1.6758 crore.

Dividend and TDS update

• Board recommends final dividend of Rs 120 per share for FY2025-26; AGM Aug 20, 2026.
• Record date fixed at Aug 12, 2026; payout to eligible shareholders after Aug 21, 2026 if approved.
• Dividend subject to TDS; rates depend on shareholder type, PAN linkage with Aadhaar may raise to 20%.
• TDS rates vary by category; Nil or 10% for certain resident categories, 20% for non-residents.
• KYC updates required: PAN-Aadhaar link, residential status, category, email, and address by Aug 12, 2026.
• Dividend payments to be made electronically; physical holders must update KYC to receive electronic payments.
• Form 121 exemption options and Aug 12, 2026 deadline for exemption requests.
• AGM and record date contingent on shareholder approval; payment after AGM if approved.
• Submission of exemption documents to MUFG Intime India Private Limited by Aug 12, 2026.

AGM Details

• 110th AGM on Thursday, 20 August 2026 at 11:30 IST via VC/OAVM.
• Financial year ended 31 March 2026 referenced.
• Notice and Annual Report to be submitted in due course.

Dividend Proposal

• Final dividend recommended: Rs 120 per equity share.
• Dividend subject to member approval at AGM.

Record Date & Payment

• Record date fixed as 12 August 2026.
• Dividend, if approved, payable from 21 August 2026.

Board Context

• Board recommended final dividend at 22 May 2026 meeting.

Dematerialisation processing and owner update

• Dematerialisation requests were processed and confirmed to depositories; securities listed on exchanges.
• Certificates mutilated and cancelled after verification; depository name substituted as registered owner within prescribed timelines.