Monika Alcobev AGM passes FY26 accounts and dividend
1 min read Updated on 25 Jun 2026, 08:56 PM
Reviewed byRiya DScanX News Team
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Monika Alcobev Limited conducted its 4th Annual General Meeting on June 25, 2026, approving the audited financial statements for FY26. Shareholders re-appointed Mr. Bhimji Patel as Executive Non-Independent Director and declared a final dividend. All three resolutions were passed with 100% of the votes polled in favour.
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Monika Alcobev Limited held its 4th Annual General Meeting on June 25, 2026, through video conferencing, where shareholders approved the audited financial statements for the year ended March 31, 2026. The meeting, chaired by Mr. Bhimji Patel, saw the re-appointment of a director and the declaration of a final dividend. All three ordinary resolutions were passed with the requisite majority, with 13,347,922 votes cast in favour and zero against, representing 100% of the total votes polled.
Key Resolutions
The shareholders voted on three ordinary resolutions during the meeting. The agenda items covered the adoption of financial statements, director re-appointment, and dividend declaration.
| Sr. No. | Description of Resolution | Resolution Type |
|---|---|---|
| 1. | To receive, consider and adopt the audited financial statements of the Company for the financial year ended March 31, 2026, together with the reports of the Board of Directors and Auditors thereon. | Ordinary Resolution |
| 2. | To re-appoint Mr. Bhimji Patel, who retires by rotation as an Executive Non-Independent Director and, being eligible, offers himself for re-appointment. | Ordinary Resolution |
| 3. | To declare a final dividend on equity shares of the Company for the financial year ended March 31, 2026. | Ordinary Resolution |
Meeting Proceedings
Mr. Aditya Agrawal, Partner at M/s. Agrawal Mundra & Associates, served as the Scrutinizer for the remote e-voting and e-voting conducted during the meeting. The remote e-voting facility was operational from June 21, 2026, to June 24, 2026, for members holding shares as of the cut-off date of June 18, 2026. The Managing Director, Mr. Kunal Patel, addressed the gathering regarding the company’s performance during the financial year 2025-26.
The meeting concluded at 3:46 p.m. IST, with the e-voting facility remaining open for an additional 15 minutes post-conclusion. The consolidated results of the voting were declared and submitted to the stock exchanges. The statutory auditors, M/s. Shah Gupta & Co., provided an unmodified opinion on the financial results, though they noted an emphasis of matter regarding the company’s reassessment of its tax eligibility under Section 115BAB of the Income-tax Act, 1961.
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | +2.06% | +2.01% | -20.75% | -20.83% | -20.83% |
What is the expected financial impact if the company’s reassessment of tax eligibility under Section 115BAB is unsuccessful?
How does the company plan to utilize its capital following the declaration of the final dividend?
What strategic initiatives will the Managing Director prioritize to drive growth in the upcoming fiscal year?
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