Bengal & Assam AGM 2026: ₹50 Dividend, Key Dates

What the company has announced

Bengal & Assam Company Limited will hold its 79th Annual General Meeting (AGM) on September 8, 2026 through Video Conferencing (VC) or Other Audio Visual Means (OAVM). The AGM matters for shareholders because the company’s Board of Directors has recommended a dividend of ₹50 per equity share (500%) for the financial year ended March 31, 2026. The dividend is not final until it is approved by members at the AGM. For investors tracking corporate actions, the dates around record date, book closure and remote e-voting decide eligibility. The company has also stated that members joining via VC/OAVM will be counted for quorum under Section 103 of the Companies Act, 2013. Shareholders who vote through remote e-voting can still attend the AGM, but cannot vote again.

Dividend recommendation: ₹50 per share for FY26

The proposed dividend is ₹50 per equity share of face value ₹10 each, described as 500%. The company has clearly positioned it as a Board recommendation, which becomes payable only after shareholder approval at the AGM. This distinction is important because corporate action headlines can be misread as assured payouts. Investors and intermediaries typically align their operational timelines with the record date and book closure. Bengal & Assam has also indicated a payout timeline after the AGM, giving shareholders an expected window for receipt if the resolution is passed.

Record date and why it decides eligibility

Bengal & Assam has fixed September 1, 2026 as the record date to determine which shareholders are eligible for the proposed dividend. The same date is also used as the cut-off date for remote e-voting eligibility for the AGM. For shares held in dematerialised form, dividend entitlement will be based on beneficial ownership details received from depositories as of the record date. For shares held in physical form, eligibility will be determined by names appearing on the company’s Register of Members as of September 1, 2026. Investors who buy shares after the relevant settlement timelines around the record date may not be eligible, even if they appear as holders later.

Book closure period: September 1 to September 8

The company has announced that the Register of Members and Share Transfer Books will remain closed from Tuesday, September 1, 2026 to Tuesday, September 8, 2026. This book closure period aligns with the record date and the AGM date. Book closure is a routine corporate action mechanism to finalise the list of eligible shareholders for voting and dividend purposes. For investors, this period helps frame the administrative window during which the register is frozen for specific purposes. It also supports reconciliation between the company and depositories for entitlements.

Remote e-voting window and AGM time

Bengal & Assam has confirmed that remote e-voting will open on Friday, September 4, 2026 at 10:00 am and close on Monday, September 7, 2026 at 5:00 pm. The AGM is scheduled for Tuesday, September 8, 2026 at 3:00 pm Indian Standard Time. The company has reiterated that shareholders who have already cast votes through remote e-voting may attend the meeting, but will not be entitled to vote again. These operational details are relevant for shareholders planning participation through digital modes.

When the dividend may be paid

The company has stated that, upon declaration at the AGM, the dividend will be disbursed within three to four weeks. The payout will go to members whose names appear on the Register of Members as of September 1, 2026, with demat holders’ entitlement based on depository records. This guidance provides a clear post-AGM timeline for eligible shareholders. However, the payment timeline remains conditional on shareholder approval at the AGM.

Q1 FY27 performance snapshot: revenue rose, profit fell

Bengal & Assam reported Q1 revenue of ₹630 crore, up from ₹570 crore year on year. Consolidated net profit fell to ₹200 crore from ₹260 crore. The company’s update highlighted margin pressure, as revenue growth did not translate into profit expansion for the quarter. For investors, the combination of higher revenue and lower profit often prompts closer scrutiny of costs and portfolio performance. The quarter’s numbers sit alongside the company’s corporate action calendar, which has become a near-term focus due to the proposed FY26 dividend.

FY26 figures cited in the filing (standalone and consolidated)

Along with the dividend recommendation, the provided filing data also lists a set of standalone and consolidated figures. On a standalone basis, revenue is shown at ₹29,600 crore and PAT at ₹12,000 crore. On a consolidated basis, revenue is shown at ₹1,25,000 crore and PAT at ₹84,300 crore. The same data set also includes EBITDA and margin figures for standalone and consolidated results. Investors typically read these numbers in conjunction with a company’s classification and investment portfolio profile.

Key dates and figures at a glance

Stock and ownership context available in the update

Bengal & Assam Company’s share price is listed as ₹6,274 as on September 5, 2026 (16:40). The market capitalisation is shown as ₹7,087.3 crore at the same timestamp. The shareholding pattern for the quarter ended March 2026 shows promoters holding 72.87%, foreign institutional investors 4.43%, domestic institutional investors 0.01%, and retail and other public shareholders 22.69%. These details provide context for how voting outcomes and dividend approvals may be viewed, given promoter holdings and broader public participation.

Company identifiers and registered office details

The company is listed on BSE (533095) and NSE (BENGALASM), with ISIN INE083K01017. The registered office address provided is 7, Council House Street, Kolkata, West Bengal 700001. The registrar details in the update mention Alankit House, 4E/2, Jhandewalan Extension, New Delhi 110055. Such identifiers and contact details are typically included in meeting and corporate action communications to support shareholder coordination.

Conclusion

Bengal & Assam’s 79th AGM on September 8, 2026 is the decision point for its proposed ₹50 per share dividend for FY26, with September 1 set as the record date and book closure running from September 1 to September 8. Remote e-voting is scheduled from September 4 to September 7. If shareholders approve the dividend at the AGM, the company has indicated the payment will be made within three to four weeks of the meeting.