Havells declares ₹6 final dividend for FY26 at AGM

Key outcome from the 43rd AGM

Havells India Ltd said shareholders approved a final dividend of ₹6.00 per equity share of face value ₹1 for the financial year 2025-26 at the company’s 43rd Annual General Meeting (AGM). The AGM was held on June 19, 2026. The company also confirmed an interim dividend of ₹4.00 per share that had already been paid during the year.

When and how the AGM was held

The 43rd AGM was conducted through Video Conferencing (VC) and Other Audio Visual Means (OAVM). The meeting was scheduled for June 19, 2026 at 2:00 p.m. While the AGM was held digitally, Havells stated that its Registered Office at Surya Kiran Building, Connaught Place, New Delhi, would be considered the venue for the meeting.

Dividend details: interim plus final

The final dividend approved at the AGM was ₹6.00 per share for FY 2025-26. In addition, shareholders confirmed the interim dividend of ₹4.00 per share that had already been paid.

Havells had earlier stated that the Board of Directors, at its meeting held on April 22, 2026, recommended the final dividend of ₹6.00 per share, subject to shareholder approval.

Record date, register closure, and eligibility

For dividend eligibility, the company disclosed a record date of May 24, 2026. Havells also said the Register of Members and Share Transfer Books would remain closed from May 25, 2026 to May 29, 2026 (both days inclusive).

The dividend, if declared, would be payable to shareholders whose names appear as Beneficial Owners at the end of business hours on May 24, 2026, based on lists furnished by NSDL and CDSL for shares held in electronic form. For physical shareholdings, eligibility would be based on the Register of Members up to the end of business hours on May 24, 2026.

E-voting window and cut-off date

Havells provided a facility for remote e-voting by electronic means. The company disclosed the following schedule:

• E-voting cut-off date: June 12, 2026 (Friday)
• Remote e-voting period: June 16, 2026 (8:30 am) to June 18, 2026 (5:00 pm)

Members holding shares in physical or dematerialised form as on the cut-off date of June 12, 2026 were eligible to cast votes electronically.

Scrutinizer and speaker registration

For the voting process, Havells appointed Ms Balika Sharma, Practicing Company Secretary (Balika Sharma & Associates) as the scrutinizer, and stated the appointment was to ensure the process is conducted fairly and transparently.

The company also said shareholders could register themselves as speakers for the AGM by sending a request from their registered email address to investors@havells.com latest by 5:00 pm on June 12, 2026.

Resolutions passed: dividend, auditors, directors, ESOP

Havells said all 16 resolutions presented at the AGM were passed with the requisite majority. These included adoption of audited financial statements for the year ended March 31, 2026, the dividend resolutions, auditor-related resolutions, director-related resolutions, and approval of the employee stock scheme.

The key items highlighted by the company included the re-appointment of M/s Price Waterhouse & Co Chartered Accountants LLP as statutory auditors for a second term of five years, and approval of the Havells Employees Stock Purchase Scheme 2026.

Auditor and remuneration disclosures

In the AGM agenda disclosures, Havells stated shareholders would vote on the re-appointment of M/s Price Waterhouse & Co Chartered Accountants LLP as Statutory Auditors for a second term of 5 consecutive years from the conclusion of the 43rd AGM until the conclusion of the 48th AGM to be held in calendar year 2031.

The notice also disclosed a remuneration of ₹1.55 crore for FY 2026-27 for the statutory auditors. Separately, the company disclosed a proposal to ratify remuneration of M/s Chandra Wadhwa & Co., Cost Accountants at a fee of ₹10.00 lakh for FY 2026-27.

ESOP scheme size and structure

Havells disclosed that the Havells Employees Stock Purchase Scheme 2026 (ESPS 2026) would cover up to 62,72,568 equity shares. The scheme was stated to be implemented through the Havells Employees Welfare Trust.

Snapshot table: key facts from the AGM filings

Director appointments and re-appointments

The AGM resolutions included director-related approvals. The company’s summary of passed resolutions included re-appointment of directors such as Shri T.V. Mohandas Pai, Shri Puneet Bhatia, Smt Namrata Kaul, and Shri Ashish Bharat Ram.

Havells also disclosed the appointment of Shri Varun Berry as an Independent Director for a term of five years.

Integrated Annual Report and availability of documents

Havells stated it filed its Integrated Annual Report for FY 2025-26 along with the notice convening the 43rd AGM. The company referred to this as its 8th Integrated Report.

The company said the AGM Notice and Integrated Annual Report were available on the company’s website (www.havells.com), the stock exchange websites, and the NSDL e-voting portal (https://www.evoting.nsdl.com).

Why this matters for shareholders

From a shareholder perspective, the AGM outcomes provide final confirmation of the FY26 distribution through the ₹6 final dividend, along with the already-paid ₹4 interim dividend. The meeting also formalised key governance decisions, including the statutory auditor term and director appointments.

The approval of the employee stock purchase scheme is another notable decision, with the disclosed size of up to 62,72,568 equity shares, and implementation through a dedicated welfare trust structure.

Conclusion

Havells’ 43rd AGM on June 19, 2026 approved the ₹6.00 final dividend for FY 2025-26, confirmed the ₹4.00 interim dividend, and cleared all 16 resolutions including auditor and director items and the ESPS 2026. The company has also set out voting, record date, and register-closure timelines in its AGM filings, along with the availability of the Integrated Annual Report and notice on official platforms.