Hikal Limited announced its 38th Annual General Meeting (AGM) to be held on September 23, 2026. Key agenda items include the consideration and adoption of the Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026, confirmation of interim dividend, and declaration of a final dividend. The meeting will also address the proposed appointment of Mr. Sarangan Suresh as Whole-Time Director and the revision of remuneration for Mr. Sarangan Suresh. A significant proposal is the appointment of Mr. Sameer Hiremath as Chairman and Managing Director, with his remuneration also subject to approval.
Hikal Limited Announces 38th Annual General Meeting
Hikal Limited has issued a notice for its 38th Annual General Meeting (AGM) scheduled for Wednesday, September 23, 2026, at 11:30 a.m. IST. The meeting will be conducted via Video Conferencing (VC)/Other Audio Visual Means (OAVM) to transact essential businesses.
Ordinary Business
The AGM will commence with ordinary business, which includes the consideration and adoption of the Audited Standalone Financial Statements for the financial year ended March 31, 2026, along with the Reports of the Board of Directors and Auditors. Additionally, the Audited Consolidated Financial Statements for the same period will be considered. The members will also vote on the confirmation of an interim dividend of H 0.20/- per equity share and the declaration of a final dividend of H 0.40/- per equity share, totaling a dividend of H 0.60/- per equity share for the financial year 2025-26. The meeting agenda also includes the re-appointment of Mr. Sarangan Suresh as Director, who is retiring by rotation.
Special Business
Under special business, the members will consider and approve the appointment of Mr. Sameer Hiremath (DIN: 00062129) as Chairman and Managing Director of the Company. This appointment is proposed for a period of 5 years, commencing from October 01, 2026, to September 30, 2031. His remuneration for the first three years of this term, from October 01, 2026, to September 30, 2029, will also be subject to approval. The proposed remuneration structure is in compliance with the Companies Act, 2013, and its schedules.
Furthermore, the Board proposes to pass a resolution clarifying that Mr. Sameer Hiremath will exercise substantial management powers, subject to the Board’s direction. Additionally, the appointment of M/s. V. J. Talati & Co. as Cost Auditors for the financial year 2026-27 and their remuneration will be ratified.
Source: BSE
