Kotyark Industries Approves Auditor Change, Sets Date for AGM and Announces Dividend
Kotyark Industries Limited announced several key decisions following its Board meeting held on July 30, 2026. The outcomes included the approval of a new Statutory Auditor, the appointment of a Secretarial Auditor, and setting the stage for the upcoming 10th Annual General Meeting (AGM), during which management will address the proposed final dividend.The company approved the draft Notice of its 10th AGM and the Directors' Report pertaining to the financial year ended March 31, 2026. The 10th AGM is scheduled to be held on Saturday, August 22, 2026, utilizing a Video Conferencing/Other Audio-Visual Means (VC/OAVM).
Dividend and Shareholding Details
The Board fixed Friday, August 14, 2026, as the Record Date for determining shareholder eligibility for the Final Dividend. The company approved a Final Dividend of Rs. 5.00 per equity share, which has a face value of Rs. 10/- each.A note provided by the Board detailed that this dividend was recommended on April 27, 2026, and subsequently adjusted to account for the bonus allotment made in the ratio of 10:1, ensuring the aggregate payout remained substantially unchanged.
Audit and Secretarial Appointments
The Board took crucial steps regarding governance appointments as recommended by the Audit Committee. M/s. Talati & Talati LLP, Chartered Accountants (Firm Registration No. 110758W/W100377), has been approved and recommended as the Statutory Auditors of Kotyark Industries. This appointment is subject to ratification by the Members at the 10th Annual General Meeting.The new auditors will replace M/s. Manubhai & Shah LLP, Chartered Accountants (Firm Registration No. 106041W/W100136), and hold office from the conclusion of the 10th AGM until the conclusion of the 11th Annual Meeting.
Additionally, the Board approved the placement of M/s. Mittal V. Kothari & Associates, Practicing Company Secretaries (COP No. 17202), before Members for ratification as the Secretarial Auditor. The term for this appointment is five years, covering FY 2025-26 to 2029-30.
E-Voting and Governance Measures
The Board also approved several operational arrangements related to the annual meeting and shareholder voting processes. M/s. SCS and Co. LLP was approved as the Scrutinizer for conducting the E-Voting process for the 10th Annual General Meeting. Furthermore, National Securities Depository Limited (NSDL) was approved as the e-Voting agency for remote participation.Key details regarding shareholder eligibility and dividend payment are summarized below:
| Financial Metric | Details |
|---|---|
| Final Dividend Amount | Rs. 5.00 per equity share (Face Value: Rs. 10/-) |
| Record Date | Friday, August 14, 2026 |
| AGM Date | Saturday, August 22, 2026 |
| Statutory Auditor | M/s. Talati & Talati LLP (Subject to AGM approval) |
| Secretarial Auditor | M/s. Mittal V. Kothari & Associates (For ratification) |
KOTYARK Stock Price Movement
Shares of Kotyark Industries Limited slipped on Thursday, shedding 1.07% to close at ₹33.27 after trading off its previous close of ₹33.76. The stock moved within a daily range of ₹32.36 and ₹34.69, with 36,824 shares being traded throughout the session.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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