Monika Alcobev Announces 4th AGM Details, ₹1 Dividend

Monika Alcobev Limited has officially announced the date and agenda for its 4th Annual General Meeting (AGM), scheduled for June 25, 2026. The company has recommended a final dividend payout of ₹1 per equity share for the financial year ended March 31, 2026.

Reader Takeaway: ₹1 dividend payout; Chairman re-appointment proposed.

What just happened

Monika Alcobev Limited issued a notice for its 4th Annual General Meeting (AGM). The meeting will be held virtually on June 25, 2026. A key agenda item is the recommendation of a final dividend of ₹1 per equity share. The company also proposes the re-appointment of Mr. Bhimji Patel as Chairman and Whole-time Director.

Why this matters

The AGM notice is crucial for shareholders as it outlines the decisions to be made regarding financial distributions and key management appointments. The ₹1 dividend provides a direct return to shareholders, reflecting the company's profitability. The re-appointment of the Chairman, along with a proposed remuneration increase, signals continuity in leadership but will be subject to shareholder approval.

The backstory

This is the 4th AGM for Monika Alcobev Limited. The company has established a record date of June 18, 2026, for determining eligibility for the dividend and e-voting. The proposed dividend and director re-appointment are standard corporate governance procedures.

What changes now

Shareholders will need to participate in the virtual AGM or cast their votes remotely during the e-voting period from June 21 to June 24, 2026. The proposed dividend will be paid out post-AGM approval to eligible shareholders. Mr. Bhimji Patel's remuneration will be adjusted if the re-appointment resolution passes.

Risks to watch

Investors should monitor the outcome of the vote on the re-appointment of Mr. Bhimji Patel and the proposed increase in his remuneration. While the dividend is recommended, its final approval rests with the shareholders at the AGM.

Peer comparison

While specific peer actions are not detailed in the filing, dividend declarations and director re-appointments are common practices across the alcobev and broader consumer beverage sectors in India.

Context metrics (time-bound)

• AGM Date: June 25, 2026
• Dividend: ₹1 per equity share
• Record Date: June 18, 2026
• Director Remuneration: Proposed increase from ₹1.775 crore to ₹2.0188 crore.

What to track next

Investors should track the attendance and voting patterns at the AGM, particularly for the resolutions concerning the Chairman's re-appointment and remuneration. Confirmation of dividend payment dates post-AGM approval will also be important.