Nirlon AGM: ₹15 Final Dividend Approved for FY2026

Nirlon Limited shareholders have approved a final dividend of ₹15 per equity share for FY2025-26, alongside the adoption of audited financial statements and other ordinary resolutions, as per filings referenced in the voting results.

The approvals came at the company’s 67th Annual General Meeting (AGM) held on September 18, 2026 at 12:00 noon IST through VC/OAVM. The consolidated scrutinizer’s report filed with BSE Limited stated that remote e-voting and e-voting during the AGM were conducted fairly and that all resolutions were carried with the requisite majority.

What shareholders approved at the 67th AGM

The voting outcome covered four ordinary resolutions. These included adoption of the financial statements for FY2025-26, approval of the final dividend, reappointment of director Mr. Kunnasagaran Chinniah, and approval of remuneration for the cost auditor.

As per the tabulated voting results disclosed, the resolutions saw near-unanimous support. Three items recorded 100.00% votes in favour, while the director reappointment resolution recorded 99.99% votes in favour.

The company separately indicated that shareholders approved the final dividend and adopted FY26 results, aligning with the AGM voting outcome.

Final dividend details: ₹15 per share, 150% of face value

Nirlon’s Board of Directors had recommended a final dividend of ₹15 per equity share for FY2025-26. The equity share face value is ₹10, and the company described the dividend as 150% of face value.

The dividend was stated to be subject to shareholder approval and applicable deduction of Tax at Source (TDS) under the Income-tax Act, 2025. With the AGM approval recorded in the voting results, the dividend now moves to execution as per the company’s communicated timelines.

Some disclosures also referenced dividend yield metrics in market data, including figures such as 5.00% and 5.82%. These yield numbers were presented as external snapshots, not as part of the AGM resolution text.

Record date and eligibility for the dividend

Nirlon fixed Thursday, September 3, 2026 as the record date for determining shareholder eligibility for the AGM and the final dividend.

Shareholders whose names appeared in the records as of September 3, 2026 are eligible for the dividend payout, subject to standard processing and statutory requirements.

The company’s dividend communication also referenced TDS handling, including that resident shareholders receiving dividends up to ₹10,000 or those submitting Form 121 may be exempt from TDS, as stated in the provided information.

When the dividend may be paid

On timing, the provided disclosures indicated that the final dividend would be paid after the AGM if approved. Two separate timelines were referenced: one indicating payment expected after Wednesday, September 23, 2026, and another stating payment is expected on or after September 25, 2026.

Given both dates appear in the information set, investors typically track the company’s subsequent corporate action updates for the exact credit date once the process is completed.

Voting process: remote e-voting window and cut-off date

Nirlon stated that remote e-voting would be open from Monday, September 14, 2026 at 9:00 am to Thursday, September 17, 2026 at 5:00 pm. In addition, e-voting was available during the AGM.

Voting rights were to be reckoned based on paid-up capital as of the cut-off date, Friday, September 11, 2026.

The AGM was conducted through VC/OAVM, and the company clarified that physical attendance was not required and proxy appointments were not available for this virtual meeting format.

Promoter and public shareholder voting pattern

The consolidated scrutinizer’s report also set out voting participation by shareholder category. The promoter group, holding 60,959,660 shares, voted in favour of all resolutions and accounted for 96.68% of total votes polled.

Public non-institutional shareholders also voted largely in favour, with minimal dissent noted in the resolution-wise vote counts. The overall outcome indicates broad support across shareholder classes for both the dividend proposal and governance-related resolutions.

Resolution-wise voting results

The voting results table disclosed the number of votes in favour and against, along with the percentage in favour for each resolution.

Key dates and corporate action summary

The AGM and dividend process involved multiple dates that matter for shareholder eligibility and voting.

Market relevance and what investors typically track next

For income-focused shareholders, the AGM outcome confirms the final dividend for FY2025-26 and clarifies eligibility through the record date. For governance watchers, the near-unanimous voting and the reappointment approval for Mr. Kunnasagaran Chinniah show strong support for the board’s proposals.

The next practical checkpoints for shareholders are the company’s final communication on the dividend payment date and the actual credit in bank or demat-linked accounts, with TDS rules applied where relevant.

Conclusion

Nirlon’s 67th AGM concluded with all four ordinary resolutions passed with the requisite majority, including a ₹15 per share final dividend for FY2025-26 and the reappointment of Mr. Kunnasagaran Chinniah. The company has indicated that the dividend payment is expected after the AGM, with disclosures citing timelines around late September 2026.