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Vinati Organics Announces 35th AGM and Dividend Details

Vinati Organics Limited has officially announced the schedule for its Thirty Fifth (35th) Annual General Meeting (AGM) and the book closure dates for the payment of the final dividend for the financial year ending March 31, 2024. The AGM will be conducted via Video Conferencing (VC) and Other Audio-Visual Means (OAVM) on September 10, 2024, in compliance with relevant regulatory guidelines.

Vinati Organics' 35th Annual General Meeting

Vinati Organics Limited, a leading specialty chemical company, has set the date for its 35th Annual General Meeting. Shareholders will have the opportunity to participate in the meeting remotely through Video Conferencing (VC) and Other Audio-Visual Means (OAVM), ensuring accessibility and compliance with current regulations.

• Date and Time: Tuesday, September 10, 2024, at 11:00 A.M. (IST)
• Platform: Video Conferencing (VC) / Other Audio-Visual Means (OAVM)

This method allows shareholders to participate from the safety of their homes, reflecting the company’s commitment to maintaining health and safety protocols.

Dividend Payment Details

Vinati Organics has proposed a final dividend of ₹7.00 per equity share with a face value of ₹1.00 each for the financial year ending March 31, 2024. This dividend, if approved during the AGM, will be distributed to eligible shareholders within 30 days from the declaration date.

• Dividend Per Share: ₹7.00
• Face Value of Share: ₹1.00
• Eligibility: Shareholders on record as of the book closure period will be entitled to receive the dividend.

Book Closure Dates

To determine the shareholders eligible for the dividend, the company has announced the closure of its Register of Members and Share Transfer Books.

• Book Closure Period: Wednesday, September 4, 2024, to Tuesday, September 10, 2024 (both days inclusive)

This period will allow the company to finalize the list of shareholders entitled to the dividend.

E-Voting and Cut-Off Date

Vinati Organics is offering electronic voting (e-voting) to ensure that all shareholders can cast their votes on the resolutions proposed at the AGM.

• E-Voting Platform: National Securities Depository Limited (NSDL)
• E-Voting Period: From Friday, September 6, 2024, at 9:00 A.M. to Monday, September 9, 2024, at 5:00 P.M.
• Cut-Off Date for Voting Eligibility: Tuesday, September 3, 2024

This e-voting facility allows shareholders to participate in decision-making processes, regardless of their physical location.