QVC Exports Limited Approves Dividend and Reappoints Directors at Board Meeting
QVC Exports Limited, a company formerly known as QVC Exports Pvt Ltd, announced several key decisions following its Board of Directors meeting held on August 5, 2026. The board approved the financial results for the year ended March 31, 2026, and recommended a final dividend to shareholders.The directors also reviewed proposals regarding company governance, including the appointment of new management personnel and independent leadership roles.
Dividend Recommendation and AGM Details
During the meeting, the Board recommended a final dividend of 10% for the Financial Year 2025-26. This translates to Rs. 1 per equity share based on an equity share value of Rs. 10/-.The company has scheduled its 21st Annual General Meeting (AGM) for Monday, September 7, 2026, at 4:00 p.m., which will be conducted through Video Conferencing or other Audio Visual Means (OAVM). The board also approved the Notice of this AGM and appointed M/s. RSG & Associates as the Scrutinizer for overseeing the voting process during the meeting.
Key Appointments Made by the Board
The Board recommended several appointments subject to approval at the ensuing Annual General Meeting:- Independent Director: The company recommended the appointment of Mr. Pankaj Bagla (DIN: 01630995) as an Independent Director, who is not liable to retire by rotation.
- Managing Director: Mr. Nilesh Kumar Sharma (DIN: 02162178) was recommended for re-appointment as the Managing Director for a period of three years.
- Whole-time Director: Mr. Esanoo Kanjilal (DIN: 09802002) was recommended for re-appointment as a Whole-time Director for a further three years.
Details on Re-appointed Directors
The company provided detailed information regarding the appointments of Mr. Nilesh Kumar Sharma and Mr. Esanoo Kanjilal.The following table outlines the details concerning the re-appointment of Mr. Nilesh Kumar Sharma:
| Detail | Information |
|---|---|
| Reason for Re-appointment | He was previously appointed as Managing Director from January 11, 2022, to January 10, 2027. The Board approved the re-appointment for a further period of three years following his current term completion in January 2027. |
| Date of Appointment | January 11, 2027 |
| Profile Summary | He holds an EPYP from IIM Kolkata and is a commerce graduate with 22 years of experience in the transport and finance and Market industry. He has been associated with the company since 2005 and heads the finance and Marketing segment. |
| Relationship Disclosure | Mr. Nilesh Kumar Sharma is the husband of Mr. Priti Sharma, a Whole-time Director. |
The details concerning the re-appointment of Mr. Esanoo Kanjilal are presented below:
| Detail | Information |
|---|---|
| Reason for Re-appointment | He was previously appointed as Whole-time Director from October 1, 2023, and his term ends on September 30, 2026. The Board recommended his re-appointment for a further three years effective from October 1, 2026. |
| Date of Appointment | October 1, 2026 |
| Profile Summary | He holds provisional certification for completing Sahityalankar Examination from Hindi Vidyapeeth and has completed a course in marketing management from IIBM Institute of Business Management. He also trained on digital marketing at MSME Technology Development Centre, Meerut, and has over a decade of experience in trading manganese ore and ferro alloys. |
| Relationship Disclosure | NA |
The Board meeting commenced at 1:00 p.m. and concluded at 4:00 p.m.
QVCEL Stock Price Movement
Today, QVC Exports Limited settled at ₹25.10 after trading in the commodity segment, concluding the day with zero change. The equity remains listed under the Metals & Mining sector and traded throughout normal market sessions today.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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