Banco Products AGM 2026: ₹8 dividend, record date

AGM date, time, and meeting mode

Banco Products (India) Limited has scheduled its 65th Annual General Meeting (AGM) for Saturday, September 19, 2026. The meeting is set to begin at 11:30 a.m. (IST). As per the company’s intimation, the AGM will be conducted through Video Conference (VC) or Other Audio Visual Means (OAVM). The agenda includes both ordinary and special business items that require shareholder approval. The company has submitted the relevant information to stock exchanges for record.

Final dividend proposal for FY26

The board has proposed a final dividend of ₹8 per equity share for the financial year ended March 31, 2026. The equity shares have a face value of ₹2 each. The company described the proposed dividend as a 400% payout relative to the share’s face value. The dividend remains subject to shareholder approval at the ensuing AGM. If approved, it will be distributed to eligible members based on the record date.

Record date and eligibility details

Banco Products has fixed September 12, 2026 as the record date for determining the entitlement of members to receive the final dividend for FY26. Shareholders whose names appear on the company’s records as of that date will be eligible, subject to approval of the dividend at the AGM. The company also stated that September 12, 2026 is the cut-off date for determining shareholders eligible for e-voting. These dates are important for investors to track, particularly those planning trades around dividend eligibility.

Book closure window and what it means

The company announced that the Register of Members and the Share Transfer Book will remain closed from September 12, 2026 to September 19, 2026 (inclusive). This book closure period is linked to determining eligibility for the final dividend for FY26, if approved. It also aligns with the AGM schedule and related voting processes. Investors typically monitor book closure and record dates because they define who is entitled to corporate actions such as dividends. The company’s communication reiterates that the dividend is not final until shareholders approve it.

Dividend payment timeline

Banco Products stated that the dividend payment will be made on or after Friday, September 25, 2026, subject to shareholder approval at the AGM. This provides a clear expected timeline between the AGM date and the likely payout date. The company’s announcement ties the payment schedule directly to the approval process at the meeting. Shareholders should note that the payment date is stated as “on or after,” which indicates it may not be credited exactly on September 25.

Director appointment to be regularised and confirmed

Among the AGM agenda items is the regularisation of the appointment of Mr. Hiteshbhai Manubhai Patel as an Additional Director. The company noted his appointment is effective August 8, 2026. Members are also being asked to approve his subsequent appointment as Whole-time Director (Key Managerial Personnel). The proposed term for the Whole-time Director role is three years. These items are part of the special business expected to be placed before shareholders.

Proposed commission for a non-executive director

The company is seeking shareholder approval to pay a commission to Mr. Shivam M. Patel. He is identified as a Non-Executive Non-Independent Director. The proposed commission is 1.5% of net profits for FY26. This item will require shareholder consent as part of the AGM agenda. The disclosure specifies the commission is linked to net profits, not a fixed amount.

Cost auditor remuneration for FY27

The AGM will also take up ratification of the remuneration of M/s S S Puranik & Associates as the Cost Auditor for FY27. The approved fee is ₹55,000 plus applicable government taxes and out-of-pocket expenses. This disclosure provides clarity on the cost audit engagement and the fee structure. Shareholders will vote on confirming the remuneration as part of AGM business.

E-voting oversight and scrutinizer appointment

For the remote e-voting and e-voting process at the AGM, the company appointed Mr. J. J. Gandhi of M/s J. J. Gandhi & Co., Practicing Company Secretaries, as the Scrutinizer. The appointment is intended to oversee the voting process in a structured manner. The company has also reiterated that the e-voting cut-off date is September 12, 2026. With the AGM being conducted through VC/OAVM, e-voting becomes a central part of shareholder participation.

Key facts at a glance

Market impact and what investors will track

The disclosures primarily affect investor timelines around dividend eligibility and voting participation. The key near-term dates are the record date and the book closure window beginning September 12, 2026, followed by the AGM on September 19, 2026. The proposed ₹8 final dividend, if approved, becomes a direct cash return event for eligible shareholders, with payment expected on or after September 25, 2026. Separately, the AGM agenda includes governance and remuneration items, including the Whole-time Director appointment and commission proposal linked to FY26 net profits. For investors, these resolutions are formal checkpoints that clarify management structure, director compensation, and audit arrangements.

Conclusion

Banco Products (India) has lined up shareholder decisions around dividend distribution, governance appointments, and audit remuneration at its 65th AGM scheduled for September 19, 2026 via VC/OAVM. The company has set September 12, 2026 as the record date for the proposed ₹8 final dividend for FY26, with payment expected on or after September 25, 2026, subject to shareholder approval. Key voting and book closure dates fall within the same September window, and shareholders will also vote on director-related resolutions and the cost auditor fee for FY27.