Skipper Ltd

Record date update

• Revised record date for final dividend for FY2025-26: 8 September 2026.
• Earlier record date of 4 September 2026 is superseded.
• Payment of final dividend is subject to shareholder approval at the AGM.
• Book closure not applicable; only the record date matters.

AGM details

• AGM date/time: 15 September 2026 at 11:30 IST via VC/OAVM.
• Cut-off date revised to 8 September 2026 for voting eligibility.
• Record date for dividend: 8 September 2026.
• Remote e-voting window: 12-14 September 2026.

Ordinary Business

• Adopt audited standalone and consolidated financial statements for FY2025-26.
• Declare dividend for FY2025-26; Board recommends 10% (₹0.10 per share).
• Re-appoint Siddharth Bansal, retiring by rotation.

Special Business

• Ratify cost auditor remuneration for FY2026-27 at ₹70,000 plus taxes and expenses.
• Board authorized to do all acts necessary to give effect to the resolutions.

Director details

• Siddharth Bansal seeks re-appointment for five years; retires by rotation.
• Remuneration last drawn in FY2025-26: ₹2,40,00,000.
• Head of Polymer Products division.
• Shareholding: 11,000 equity shares.
• Other directorships include Skipper Polychem, Skipper Pipes, Skipper Polypipes, Skipper Realties.

Dividend details

• Dividend recommended: ₹0.10 per equity share for FY2025-26.
• AGM scheduled for 15 Sep 2026 to approve dividend.
• Record date: 8 Sep 2026; entitlements based on register and demat details.

Tax withholding and compliance

• TDS on dividends: 10% for resident shareholders with PAN.
• 20% if PAN not registered or Aadhaar linkage is missing.
• Non-resident withholding: 20% or DTAA-reduced rate with required documents.
• Documents and deadlines: submit PAN, Form 121, TRC, and declarations by 8 Sep 2026 via mdpl.in.
• Electronic dividend payment; update KYC details with RTA/Depositories.

AGM notice and voting details

• 45th AGM scheduled for 15 September 2026 at 11:30 IST via VC.
• Notice and Integrated Annual Report for FY 2025-26 accessible on company website.
• Shareholders lacking registered email can access AGM Notice and AR via provided weblink.
• Record date for dividend: 8 September 2026.
• e-Voting starts 12 September 2026 at 09:00; ends 14 September 2026 at 17:00.
• Cut-off date for e-voting eligibility: 8 September 2026.
• AGM and AR accessible on BSE/NSE and NSDL websites.

Overview

• Standalone BRSR for FY2025-26; excludes JVs/subsidiaries; internal validation only.
• Core business: T&D structures, distribution poles, polymer pipes; EPC projects.
• Turnover: 88% manufacturing engineering; 12% EPC.
• Exports ~13% of turnover; serves 30+ countries.
• External assurance not obtained; planned for FY2026-27 (BRSR Core).
• Part of Annual Report; BRSR available on company website.
• Reporting boundary includes Kolkata corporate office and West Bengal/Assam plants; EPC operations.

Key ESG Risks & Opportunities

• Climate change: energy intensity raises Scope 1/2 emissions; decarbonization roadmap underway.
• Rooftop solar (460 kWp) installed; 25–30% renewable energy via PPA.
• CBAM/CCTS regulatory risk; ongoing monitoring of potential cost impacts.
• Water stress risk; Zero Liquid Discharge target by 2031; STP/ETP and reuse.
• Waste management: galvanizing wastes; enhanced recycling and circularity opportunities.
• Material sourcing: 70% inputs from ESG-compliant Indian suppliers.
• Human rights: due diligence and supplier code to mitigate labour risks.
• Governance: integrate ESG KPIs; develop climate transition plan; potential sustainability-linked financing.
• Product safety/quality: robust QA; risk of recalls mitigated by certifications.

Governance & Policy Highlights

• Board and committees oversee ESG; ESG Committee provides strategic direction.
• Policies: ESG Policy; Anti-Bribery/Anti-Corruption; Vigil Mechanism/Whistleblower; POSH; Supplier Code.
• External assurance for 2025-26 not undertaken; internal review mechanisms in place.
• Compliance framework tracks evolving ESG regulations; proactive regulatory monitoring.
• No penalties or fines reported in FY2025-26.

Social Responsibility & Workforce

• Total employees 1,499; permanent 1,468 with 3% female; total workers 7,633 with 0.47% female.
• Board female representation 10%; Key Management 50% female.
• Well-being spend 0.12% of revenue; 100% safety/health training coverage.
• LTIFR: employees 0.83; workers 2.45; fatalities: none.
• POSH complaints: none; Grievance mechanisms accessible to all workers.
• CSR programs: IVD beneficiaries 3,215; healthcare 7,549; education 1,923; mangrove/cattle welfare.

Environmental Performance

• Total energy 922,322 GJ; renewable share ~2.5% (23,319 GJ); non-renewables dominate.
• Scope 1: 83,578 tCO2e; Scope 2: 41,752 tCO2e; intensity 0.00000227 tCO2e/₹.
• Water withdrawal 78,893 kl; consumption 43,107 kl; discharge 35,786 kl to third parties.
• Zero Liquid Discharge (ZLD) not yet achieved; Uluberia uses treated water for recycling.
• Waste: 47,006 MT total; recycled 40,252 MT; landfilled 6,754 MT; hazardous 5,214 MT.
• GreenCo/ISO certifications; GreenPro; ISO 14001:2015; ISO 45001:2018; BIS ongoing.

Stakeholder Engagement & Complaints

• Key groups: investors, customers, employees/workers, suppliers, regulators, local communities.
• Channels include meetings, site visits, surveys, emails; engagement frequency varies by group.
• Customer complaints FY2025-26: 76; all resolved; 0 pending.
• Investors: 5 complaints FY2025-26; 0 pending; resolutions within defined timelines.
• Employees/workers: 2 complaints FY2025-26; 0 pending; POSH framework in place.
• Community grievances managed via site-level committees; CSR engagements ongoing.

Other Notable Metrics

• Data privacy/cybersecurity: 0 data breaches; policies in place; web links provided.
• R&D 0%; CapEx 2.88% of total CapEx; focus on renewables and energy efficiency.
• Two product LCAs: Hot Dip Galvanized Poles and Towers; external verification.
• 50% of tier-1 suppliers assessed for environmental impact; 50% of value chain partners evaluated.
• 50% of inputs sourced from domestic ESG-aligned suppliers; 70% inputs ESG-compliant in India.
• No product recalls; customer feedback mechanisms expanded; product information often displayed beyond regulatory requirements.

Financial performance snapshot

• Revenue from operations: ₹55,528.22 million, up 20% YoY.
• EBITDA: ₹5,727 million; margin 10.3%.
• PAT: ₹2,131 million; margin 3.8%.
• EPS: ₹18.88 for FY26.

Capacity & expansion

• Installed capacity: 375,000 MTPA; utilization >85%.
• Capex expansion: 75,000 MTPA to 450,000 MTPA.

Global footprint & growth

• Exports ₹7,100 million; ~13% of revenue.
• Geography: 65+ countries; major North America orders.

Capital structure & dividends

• Borrowings ₹9,217.68 million; debt–equity 0.59.
• Dividend proposed: ₹0.10 per share.

AGM Details

• 45th AGM on 15 September 2026 at 11:30 IST via VC/OAVM.

Voting & Cut-off

• Cut-off date for voting fixed at 4 September 2026.
• Remote e-voting from 12 Sep 2026 9:00 IST to 14 Sep 2026 5:00 PM IST.
• Deemed venue is the registered office; meeting conducted via VC/OAVM.

Dividend Proposal

• Dividend proposed: 10% per share (Re 0.10), subject to approval.
• Record date for dividend fixed at 4 September 2026.

Key Resolutions

• Adopt standalone and consolidated financial statements for year ended 31 March 2026.
• Declare dividend as recommended by the Board.
• Re-appoint Siddharth Bansal, who retires by rotation.
• Ratify Cost Auditor remuneration for FY 2026-27: 70,000 plus taxes and expenses.

Cost Auditor Details

• Cost Auditor: M/s AB & Co.; remuneration 70,000 plus taxes; FY 2026-27.

Director Appointments

• Director Siddharth Bansal to be re-appointed; five-year term.