Banco Products FY26: ₹8 Final Dividend, Record Date

Key decision from the 65th AGM

Banco Products (India) Limited announced key shareholder decisions from its 65th Annual General Meeting (AGM), including approval of a final dividend for FY26. The company declared a final dividend of ₹8 per equity share for the financial year ended March 31, 2026. Each equity share has a face value of ₹2, and the company described the payout as 400% of face value. The AGM was conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM). The meeting took place on September 19, 2026, and concluded at 1:47 pm. The developments matter for shareholders tracking eligibility dates and the expected timeline for the dividend credit.

AGM format, timing, and participation window

The company scheduled the AGM for Saturday, September 19, 2026, with the start time stated as 11:30 a.m. IST. Banco Products held the meeting through VC/OAVM, consistent with the notice issued for the 65th AGM. The company also indicated an e-voting window from September 16 to September 18, 2026. Separately, September 12, 2026 was stated as the cut-off date for determining shareholders eligible for e-voting. The same date was also used as the record date for the final dividend entitlement. These dates created a clear timeline for both governance voting and dividend eligibility.

Final dividend of ₹8 per share and what “400%” means

Banco Products declared a final dividend of ₹8 per equity share for FY26. Since the face value of the equity share is ₹2, the dividend is described as 400% of face value. The company’s disclosures repeatedly reference this 400% figure to explain the payout as a percentage of face value, not the market price of the share. The dividend decision was placed before shareholders at the AGM and is presented in the company’s communications as subject to shareholder approval at the meeting. The ex-date and record date details were also published alongside the dividend information.

Dividend dates: declaration, ex-date, and record date

The latest FY2026 final dividend of ₹8 per share was shown with an announcement date of May 28, 2026. The last ex-dividend date was stated as September 11, 2026, and the record date as September 12, 2026. To be eligible for the dividend, shareholders needed to hold BANCOINDIA shares before the ex-date. The disclosure also noted that under the T+1 settlement system, buying on the ex-date itself makes the buyer ineligible. The company stated that the dividend would be paid on or after Friday, September 25, 2026, subject to shareholder approval.

Summary table: AGM and dividend timeline

Financial statements approved at the AGM

Shareholders approved the audited standalone and consolidated financial statements for the year ended March 31, 2026. In the FY 2025-26 annual report context provided, the company reported total turnover of ₹1,226 crore and standalone turnover of ₹1,087 crore. Profit after tax was stated at ₹419 crore on a standalone basis. These figures were presented as part of the FY26 performance snapshot alongside the proposed final dividend. The AGM approval of accounts is a key compliance milestone, because it formally places the audited results on record with shareholder consent.

Board and governance items: director reappointment and appointments

Along with dividend-related business, the AGM agenda included governance resolutions. Sharan M. Patel was reappointed as a director retiring by rotation. Company communications around the 65th AGM also referenced an appointment of Hiteshbhai Manubhai Patel as Whole-time Director as part of shareholder decisions lined up at the meeting. In addition, Banco Products indicated shareholder decisions around audit remuneration at the AGM. These items typically form part of the ordinary and special business conducted at annual meetings and are relevant to investors assessing board continuity and management structure.

Dividend yield figures: multiple reported values

The provided data includes several dividend yield figures for Banco Products (India) Ltd, indicating variation across snapshots or sources. The “current dividend yield” was shown as 1.32 in one line and 1.35% in another. A separate figure of 5.06% was also stated “as of 16 Sep 2026.” Another line listed “Dividend Yield 3.88%.” These should not be treated as a single consistent number without a common timestamp and methodology. Investors typically reconcile such differences by checking the exact definition used (trailing yield, forward yield, price date used, and whether interim dividends are included).

How eligibility works under T+1 settlement

Banco Products’ dividend information explicitly highlighted eligibility mechanics under T+1 settlement. To receive the dividend, shareholders must hold BANCOINDIA shares before the ex-date of September 11, 2026. Buying on the ex-date itself was stated to make the buyer ineligible. The record date was stated as September 12, 2026, which the company used to determine eligible members for the final dividend. The disclosure also stated the dividend would be credited to the linked bank account within 30 days of the record date.

What investors may track next

The company indicated there are no upcoming dividends available in the referenced data snapshot, after the FY2026 final dividend entry. For shareholders, the immediate next checkpoint is the expected payment timeline: on or after September 25, 2026, subject to shareholder approval. Investors also monitor book closure dates because transfers during the closure period do not reflect in eligibility lists. With the AGM completed on September 19, 2026, attention typically shifts to execution timelines such as dividend credit and post-AGM filings. Any further board updates would depend on subsequent company disclosures.

Conclusion

Banco Products (India) Ltd’s 65th AGM on September 19, 2026, resulted in approval of FY26 audited financial statements and a ₹8 per share final dividend, described as 400% of face value. Key dates included an ex-date of September 11, 2026 and a record date of September 12, 2026, with payment expected on or after September 25, 2026 subject to approval. The meeting also covered governance actions including the reappointment of Sharan M. Patel as a director retiring by rotation. For shareholders, the most practical next step is confirming dividend eligibility based on the ex-date and tracking the credit timeline indicated in the company’s disclosures.