Dalmia Bharat Board Approves Rs. 4,000 Crore Raise, Final Dividend, and Auditor Reappointment
Dalmia Bharat Limited, a company within the Dalmia Bharat Group, announced several key corporate decisions following the Board of Directors meeting held on May 23, 2026. The Board considered and approved the convening of the 13th Annual General Meeting (AGM), sought shareholder approval for significant capital expenditure, and confirmed the details regarding statutory auditing services and dividend payments.The 13th AGM of the company is scheduled to take place on Tuesday, June 30, 2026. Shareholders will have the opportunity to vote via Video Conferencing (VC) or Other AudioVisual Means (OAVM).
Strategic Funding and Dividend Details
The Board also recommended seeking enabling approval from shareholders via a special resolution at the 13th AGM for the issuance of further securities. This proposed capital raise is structured up to an aggregate amount of Rs. 4,000 Crore. The funds can be raised through various methods, including private placement, preferential issue, public issue, rights issue, or qualified institutional placement.Regarding returns to shareholders, the Board approved a Final Dividend for the Financial Year 2025-26, set at Rs. 5/- per Equity share.
To manage entitlement for the dividend and for voting rights, several key dates were fixed by the Board:
- Record Date: Tuesday, June 23, 2026.
- Cut-Off Date: Tuesday, June 23, 2026.
- Remote E-voting Period: The period will run from Friday, June 26, 2026 (09:00 a.m. IST) to Monday, June 29, 2026 (05:00 p.m. IST).
Reappointment of Statutory Auditors
In addition to the AGM plans, the Board of Directors recommended to the members the re-appointment of M/s Walker Chandiok & Co LLP, Chartered Accountants, as the Statutory Auditors of the Company. The firm was recommended for a second term spanning five consecutive years.The details concerning the re-appointment are as follows:
| Detail | Description |
|---|---|
| Auditor | M/s Walker Chandiok & Co LLP, Chartered Accountants |
| Re-appointment Term | Second term of five (5) consecutive years |
| Tenure Period | From the conclusion of the 13th AGM till the conclusion of the 18th AGM of the Company (to be held in the year 2031) |
| Basis for Re-appointment | Recommendation by the Board, subject to shareholder approval at the 13th AGM. |
M/s Walker Chandiok & Co LLP is a firm of Chartered Accountants registered with the Institute of Chartered Accountants of India (ICAI). Established in 1935, the firm has ninety-five partners and provides audit and assurance services to various large companies in India.
The Notice of the 13th AGM and the Integrated Annual Report for the financial year 2025-26 are expected to be sent to the stock exchanges and shareholders shortly.
DALBHARAT Stock Price Movement
On Friday, Dalmia Bharat Limited shares edged higher to close at ₹1795.6, gaining 2.13% for the session. The stock traded within a range of ₹1767.2 to ₹1807, supported by a high volume of 583,886 shares.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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