Coromandel Agro Products Announces 50th Annual General Meeting, Recommends Dividend and Cost Auditor Ratification
COROMANDEL AGRO PRODUCTS AND OILS LIMITED has scheduled its Fiftieth Annual General Meeting (AGM) for shareholders, which will take place on Saturday, August 8, 2026. The AGM is set to address the company's annual performance, consider the audited financial statements, and approve key business resolutions.The meeting is scheduled to be held at CAPOL Factory Premises, located at 5/01, Main Road, Jandrapeta-523165, Chirala Mandal, Bapatla District, Andhra Pradesh, utilizing a physical mode of conduct.
###Key Agenda Items for the 50th AGM
The members are requested to attend the meeting to transact several Ordinary and Special Business items. The agenda includes the adoption of the Audited Standalone Financial Statements for the financial year ended March 31, 2026. A significant item on the agenda is the declaration of a Final Dividend.
The company has recommended a Final Dividend of Rs. 1.50 per Equity Share, representing 15%, based on the face value of the equity share being Rs. 10/- each for the financial year ended March 31, 2026. The record date for determining eligibility for this final dividend is fixed as Saturday, August 1, 2026. If approved at the AGM, the payment of the dividend is scheduled for on or after August 12, 2026.
The meeting will also include the re-appointment of Mr. Meadem Sekhar (DIN: 02051004), who retires by rotation and offers himself for re-appointment to the board.
###Ratification of Cost Audit Remuneration
A Special Business item requires members' consideration and approval regarding the remuneration of the appointed Cost Auditors. The company seeks approval for M/s. Jithendra Kumar & Co., Cost Accountants (Firm Registration No. 103347), Vijayawada, to act as Cost Auditor for the financial year ending March 31, 2027.
The remuneration sought for this role is Rs. 35,000/- per annum, which includes all applicable taxes and reimbursement of out of pocket expenses.
###Management and Operational Highlights
Details regarding the director included in the notice include Mr. Meadem Sekhar, who has served as Whole Time Director & CEO since his first appointment on May 23, 2019. Mr. Meadem Sekhar is described as having over 42 years of experience in Exports of Tobacco and cottonseed meal. The remuneration eligibility for him, as per the notice, is Rs. 18.00 Lacs per annum.
The AGM notice details various procedural requirements for shareholders, including how voting will be conducted and the processes for dematerialization of physical shareholdings.
A summary of the business to be transacted at the 50th Annual General Meeting:
| Agenda Item | Type | Details |
|---|---|---|
| Audited Financial Statements | Ordinary Business | To receive, consider, and adopt statements for FY ending 31.03.2026. |
| Director Appointment | Ordinary Business | Re-appointment of Mr. Meadem Sekhar, who retires by rotation. |
| Final Dividend Declaration | Ordinary Business | To declare a Final Dividend of Rs. 1.50 per Equity Share (15%). |
| Cost Auditor Ratification | Special Business | To ratify the remuneration of M/s. Jithendra Kumar & Co. at Rs. 35,000/- per annum for FY ending March 31, 2027. |
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