Coromandel Agro Products Announces 50th Annual General Meeting; Final Dividend Declared
Coromandel Agro Products & Oils Limited has scheduled its Fiftieth Annual General Meeting (AGM) for shareholders, during which key matters including the adoption of annual financial statements, the declaration of a final dividend, and the ratification of cost auditor remuneration will be discussed.The AGM is set to be held on Saturday, August 8, 2026, at 11:30 a.m. (IST) at CAPOL Factory Premises located in Jandrapeta-523165, Chirala Mandal, Bapatla District, Andhra Pradesh.
The ordinary business items for the AGM include receiving and adopting the Audited Standalone Financial Statements for the financial year ended March 31, 2026, along with reports from the Board of Directors and Auditors. The company will also address the re-appointment of Mr. Meadem Sekhar. A primary item is the declaration of a final dividend amounting to Rs. 1.50 per Equity Share, representing 15% of the face value of the equity shares (face value: Rs. 10/-) for the financial year ended March 31, 2026.
Financial and Audit Details
The company will also seek shareholder approval through a special resolution to ratify the remuneration of M/s. Jithendra Kumar & Co., Cost Accountants. This firm was appointed as the Cost Auditor for the financial year ending March 31, 2027. The remuneration sought ratification at the AGM is Rs. 35,000/- per annum, inclusive of all applicable taxes and reimbursement of out of pocket expenses.The company has established a record date of August 1, 2026, for determining entitlement to the final dividend. The book closure period for the 50th AGM and Dividend extends from Sunday, August 2, 2026, through Saturday, August 8, 2026. If approved at the AGM, the dividend is scheduled to be paid on or after August 12, 2026.
A summary of the key appointments and financial details are presented below:
| Event | Detail |
|---|---|
| Meeting Date | Saturday, August 8, 2026 |
| Dividend Declared | Rs. 1.50 per Equity Share (15%) |
| Financial Year End | March 31, 2026 |
| Cost Auditor Appointment | M/s. Jithendra Kumar & Co. |
| Remuneration Ratified | Rs. 35,000/- per annum |
| Dividend Record Date | August 1, 2026 |
Director Profile Details
The company also provided detailed information regarding the re-appointment of Mr. Meadem Sekhar, who serves as a Whole Time Director and CEO.| Particulars | Information |
|---|---|
| Director Name | Mr. Meadem Sekhar |
| Age/Residence | About 71 years residing at Guntur |
| Experience | Over 42 years in Exports of Tobacco and cottonseed meal |
| Position | Whole Time Director & CEO |
| First Appointment Date | May 23, 2019 |
| Board Meetings Attended (FY 2025-26) | 6 |
Members seeking information on the AGM agenda items are requested to submit their queries in writing at least seven days prior to the meeting date. The results of the AGM shall be declared subsequently and communicated to the Stock Exchanges within 48 hours of passing the resolutions.
Stock Price Movement
Coromandel Agro Products & Oils Ltd settled at ₹2.58 on Thursday, ticking up 4.88% in the post-market close. The shares traded completely flat throughout the session, remaining locked at the ₹2.58 price point.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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