Shri Venkatesh Refineries will seek shareholder approval at its September 29 AGM for a ₹1 per share final dividend for FY 2025-26, material related-party transactions, a shift of its registered office to Mumbai and the reappointment of three independent directors. The dividend is the clearest shareholder return item, while investors should also review the scale and terms of proposed related-party transactions.
Shri Venkatesh Refineries Proposes ₹1 Final Dividend at September 29 AGM
Proposed FY26 final dividend: ₹1 per share.
Book closure: September 22 to September 29, 2026.
Reader Takeaway: The dividend supports shareholder returns, while related-party approvals remain the key governance item to watch.
What just happened
Shri Venkatesh Refineries Limited has called its 24th Annual General Meeting for September 29, 2026 at 11 a.m. through video conferencing and other audio-visual means.
Shareholders will consider adoption of the FY 2025-26 audited financial statements, reappointment of Shantanu Ramesh Kabre as a director and declaration of the proposed final dividend.
The company has proposed a dividend of ₹1 per share, equivalent to 10% of paid-up capital. The cut-off date is September 23, 2026, while the register of members and share transfer books will remain closed from September 22 to September 29.
Why this matters
The dividend is the most direct financial outcome for existing shareholders, subject to AGM approval.
The meeting also contains several governance and related-party resolutions that could influence how the company conducts business in FY 2026-27.
Related-party transactions in focus
Shri Venkatesh Refineries is seeking approval for material transactions with Shri Balaji Oil Mills, Sanjay Traders, Shrikrupa Ginners Private Limited and Kailaswasi Ramesh Ganpati Kabre Charitable Trust.
The proposed dealings include sales of refined oil, corporate guarantees and inter-corporate loans. Management has stated that these transactions are intended to support uninterrupted business and will be carried out in the ordinary course and on an arm's-length basis.
The filing does not provide transaction values in the summary, so shareholders should focus on the final approved limits and subsequent utilisation disclosures.
Registered office may move to Mumbai
The board has proposed shifting the registered office from Umarde Erandol in Jalgaon to Runwal R Square in Mulund West, Mumbai.
Management said the move would improve coordination with shareholders and investors, many of whom are based in Mumbai.
Governance update
Three independent directors — Anisha Sukumar Sharma, Sushmita Swarup Lunkad and Yogesh Nandi — are proposed to be reappointed for five-year terms.
Each has submitted the required declaration of independence under applicable corporate and securities regulations.
What to track next
The September 29 AGM outcome is the immediate trigger. Investors should watch whether the dividend, related-party transactions and office relocation receive shareholder approval.
Post-AGM, the most relevant disclosures will be the actual related-party transaction limits, utilisation of any inter-corporate loans or guarantees and implementation of the registered-office shift.