Uday Jewellery 27th AGM: Dividends, Borrowing Limits, and RPTs

Final Dividend: Rs 0.50 per share (5% of face value).
Proposed Borrowing/Investment Limit: Rs 250 crore.

Reader Takeaway: Dividend payout confirmed; shareholders to vote on major borrowing limit increases and material related-party transactions.

What just happened

Uday Jewellery Industries Ltd has issued its notice for the 27th Annual General Meeting (AGM) scheduled for September 28, 2026, at 12:30 PM via video conferencing. The company is seeking shareholder approval for a final dividend of Rs 0.50 per share for the fiscal year 2025-26. The record date for dividend entitlement and e-voting is set for September 21, 2026.

Why this matters

The meeting marks a significant strategic pivot for the company. Management is seeking authorization to increase borrowing and investment powers to Rs 250 crore. This expansion of capital flexibility is intended to support broader business operations, alongside requests to approve material related-party transactions with Sanghi Jewellers Private Limited, capped at Rs 100 crore for the upcoming year.

What changes now

Shareholders will vote on several key governance items:

• Appointment of M/s. Venugopal & Chenoy as statutory auditors for a five-year term.
• Approval for appointments to offices of profit for Mr. Tejas Sanghi and Mrs. Sakshi Sanghi, with annual remuneration caps of Rs 54 lakh and Rs 42 lakh respectively.
• Approval for a Rs 10 crore limit for rental and remuneration payments involving promoters and directors.

What to track next

Investors should closely monitor the actual utilization of the proposed Rs 250 crore borrowing limit and the execution of inter-corporate deposits and trade flows with Sanghi Jewellers to ensure adherence to corporate governance standards as the company scales its operations.