Walchand Peoplefirst Announces 106th AGM with Dividend Declaration and Director Reappointment Agenda

Walchand Peoplefirst Announces 106th AGM with Dividend Declaration and Director Reappointment Agenda​

Walchand Peoplefirst Ltd. has scheduled its One Hundred and Sixth (106th) Annual General Meeting (AGM), which will be held on Thursday, July 30, 2026, at 03:00 P.M. IST. The meeting, whose venue is deemed to be the company's registered office in Mumbai, will be conducted via Video Conferencing or other Audio-Visual Means (VC/OAVM).

The AGM agenda includes several key resolutions proposed by the Board of Directors, covering financial performance and corporate governance matters for the Financial Year ended March 31, 2026.

Key Agenda Items​

The primary business at the AGM involves three main ordinary resolutions:

• Financial Review: To receive, consider, and adopt the Audited Financial Statement of the Company for the financial year ended March 31, 2026, along with reports from the Board of Directors and Auditors.
• Dividend Declaration: To declare a final dividend at the rate of Rs. 1/- (Rupee One only), which represents 10% of the equity share capital valued at Rs. 10/- each for the financial year ended March 31, 2026.
• Director Re-appointment: To appoint a director in place of Mr. Sanjay Jha (DIN: 00068519), who is retiring by rotation and has offered himself for reappointment.

Director Profile and Remuneration Details​

Mr. Sanjay Jha, the Whole Time Director, holds an MBA from XLRI, Jamshedpur, and an MA in Economics from the Gokhale Institute of Politics and Economics, Pune University. He has been a director since September 23, 1999. Mr. Jha is also stated to be the husband of Pallavi Jha, who serves as Chairperson & Managing Director of the company.

Regarding remuneration for the Financial Year 2025-26, the details provided in the AGM materials state that his total remuneration was Rs. 189.30 Lakhs, including Performance Pay of Rs. 47.97 Lakhs.

Dividend and Operational Updates​

The dividend declaration includes a fixed rate of Rs. 1/- per equity share for all members. The Record Date for the purpose of paying this dividend is set as July 17, 2026. The payment of the declared dividend is expected to occur on or after August 3, 2026.

The company also provided details regarding unclaimed and unpaid dividends:


Members are also advised that any unclaimed dividend will be transferred to the Investor Education and Protection Fund (IEPF) after seven years from the date it became due for payment.

AGM Mechanics​

The AGM is accessible via Video Conferencing/OAVM through the NSDL e-Voting system. Shareholders whose names appear in the Register of Members as of the cut-off date, July 24, 2026, are eligible to cast their vote electronically during the remote e-voting period, which runs from July 27, 2026 (9:00 A.M. IST) to July 29, 2026 (5:00 P.M.).

Stock Price Movement​

Walchand Peoplefirst Ltd. closed trading today, settling at ₹126.00 after shares declined by 3.82% from the previous close. The stock saw movement throughout the session, trading within an intraday range that spanned from a low of ₹126.00 to a high of ₹131.00.