New Swan Multitech Limited announced the outcome of its Board Meeting held on September 5, 2026. The Board approved the 12th Annual General Meeting (AGM) to be held on September 30, 2026, and proposed a final dividend of 5% or ₹0.50 per equity share. The company also submitted its Audited Financial Statements and the Annual Report for the Financial Year 2025-2026.
Board Approves Key Corporate Actions
New Swan Multitech Limited’s Board of Directors met on Saturday, September 5, 2026, to discuss and approve several significant corporate matters. The meeting, held at New Swan Enterprises in Ludhiana, resulted in the approval of the company’s 12th Annual General Meeting (AGM), scheduled for Wednesday, September 30, 2026, at 03:00 p.m. via Video Conferencing (VC)/Other Audio Visual Means (OAVM).
Financial Reporting and Dividend Recommendation
The Board reviewed and approved the Audited Financial Statements, including the Balance Sheet, Profit and Loss Statement, and Cash Flow Statement for the Financial Year 2025-2026. Accompanying these were the reports from the Board of Directors and Auditors. Further, the Board recommended a final dividend of 5%, equivalent to ₹0.50 per equity share of face value ₹10/-, subject to shareholder approval at the upcoming AGM. This dividend is expected to be paid within 30 days of its declaration.
Record Date and Other Approvals
The company has fixed Wednesday, September 23, 2026, as the Record Date for determining eligibility for remote e-voting, e-voting at the AGM, and for the receipt of the final dividend. The Board also approved the appointment of M/s M.G. Jindal & Associates as Scrutinizers for the e-voting process. Additionally, Mr. Barunpreet Singh Ahuja was re-appointed as Whole-Time Director for a further period of five years. M/s. N CLS & Associates were appointed as Internal Auditors for FY 2026-2027.
Amendments and Related Party Transactions
Proposed amendments to the Articles of Association, including the insertion of a ‘Waiver of Dividend’ clause, were approved pending shareholder consent. The company also received approval for entering into Material Related Party Transactions with M/s New Swan Enterprise, aggregating up to ₹100 crores, also subject to member approval.
Annual Report Dispatch
New Swan Multitech Limited has completed the dispatch of the Notice of the 12th AGM along with the Annual Report for the Financial Year 2025-2026 to all its shareholders holding equity shares as of September 5, 2026, via email. Both documents have also been uploaded on the company’s website, www.swanagro.in.
Source: BSE
