Gujarat Apollo AGM 2026: dividend, Credo stake sale

Key announcement at a glance

Gujarat Apollo Industries Ltd (GUJAPOLLO) has scheduled its 39th Annual General Meeting (AGM) for Monday, September 28, 2026 at 11:00 am. The AGM will be held in physical mode at the company’s registered office. The company has also fixed Monday, September 21, 2026 as the record date for dividend entitlement and AGM eligibility, including e-voting.

Alongside the AGM notice, the company has disclosed proposals that shareholders will vote on, including adoption of financial statements, a final dividend for FY2025-26, a managing director re-appointment, and a proposed stake sale in Credo Advanced Chemicals Limited.

AGM details: date, venue, and voting process

As per the notice and stock exchange communication, Gujarat Apollo’s 39th AGM is scheduled for September 28, 2026. The meeting is planned at the registered office address: Block No. 486 487 488, Mouje Dholasan, Taluka and District Mehsana, Gujarat 382732.

The company has indicated that remote e-voting will commence from September 25, 2026 and continue until September 27, 2026. Voting is expected to be available through remote e-voting and also through ballot paper voting at the AGM.

For the voting process, the company has appointed Mr. Ashish Shah, Practicing Company Secretary, as the scrutinizer to oversee remote e-voting and ballot paper voting.

What shareholders will vote on

The AGM agenda includes adopting the financial statements filed for FY2025-26. The company has stated it has submitted its Annual Report for the Financial Year 2025-26 in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The notice also includes a final dividend proposal. Gujarat Apollo has proposed a final dividend of ₹2 per equity share (20%) for FY26, subject to shareholder approval.

Another proposal disclosed is the re-appointment of Mr. Asit A. Patel as Managing Director for three years from September 1, 2026. The company has also proposed a 10% annual increase in remuneration under the re-appointment terms.

Record date and dividend eligibility

The record date has been fixed as Monday, September 21, 2026. The company has specified that the record date will be used for:

• Casting votes electronically at the AGM
• Receiving the dividend for FY2025-26, if it is approved at the AGM

This record date has also been referenced in the company’s intimation covering e-voting information and AGM eligibility.

Proposed Credo stake sale: size, buyer, and timeline

A major item linked to the AGM is the company’s in-principle approval for sale of its 17.96% stake in Credo Advanced Chemicals Limited. Gujarat Apollo has disclosed the proposed buyer as Naman Madhav Patel and described the buyer as an unrelated party.

The consideration disclosed for the stake sale is ₹37.63 crore. The company has stated that completion of the transaction is expected within 90 days of shareholder approval at the AGM scheduled for September 28, 2026.

The stake sale has been referenced in disclosures made under Regulation 30 (LODR) and in the board meeting outcome notes that also approved the AGM schedule.

Recent corporate actions and meeting history

The company’s last AGM was held on September 30, 2025, and the 38th AGM was also referenced in earlier announcements. The company has also previously announced an Extra Ordinary General Meeting (EGM) scheduled for June 28, 2025.

Separately, Gujarat Apollo informed the stock exchange that a board meeting was scheduled on August 14, 2026 at 4:30 pm at the Ahmedabad corporate office to discuss agenda items, including consideration and approval matters.

Stock snapshot around the AGM event

The provided corporate action record indicates market prices around the AGM-related announcement window. One record shows an LTP of ₹336.45 at announcement and ₹326.80 at record day.

The dataset also states that the share price of GUJAPOLLO as on September 25, 2026 is ₹329.10. Another price snapshot provided lists a “Current Price” of ₹348.

The company’s market capitalisation is stated as ₹424.64 crore as of September 25, 2026.

Summary table: dates and key disclosures

Price and market-cap data points cited

Why this AGM matters for investors

This AGM combines routine compliance items with capital allocation and governance proposals that typically draw investor attention. The final dividend proposal of ₹2 per share is tied to the record date and requires shareholder approval.

The proposed sale of the 17.96% stake in Credo Advanced Chemicals Limited for ₹37.63 crore is also directly linked to shareholder consent at the AGM and includes a stated completion timeline of 90 days after approval. Investors tracking this item will likely focus on the resolution outcome and the closing timeline stated by the company.

Company profile context

Gujarat Apollo Industries Limited is described as a manufacturer of mining and road construction machinery, providing technology-focused products developed through continuous improvement and customer feedback.

Conclusion

Gujarat Apollo Industries’ 39th AGM on September 28, 2026 will address adoption of FY2025-26 financial statements, a ₹2 final dividend proposal, the managing director’s re-appointment terms, and shareholder approval for the ₹37.63 crore Credo stake sale. The next dated milestones disclosed are the record date on September 21, 2026 and the remote e-voting window from September 25 to September 27, 2026.