Sunshield Chemicals Limited has announced that its 38th Annual General Meeting (AGM) will be held on Monday, July 14, 2025, at 11:00 a.m. IST. The meeting will be conducted entirely through Video Conferencing (VC) or Other Audio-Visual Means (OAVM), in compliance with regulatory guidelines. Alongside the AGM announcement, the company's Board of Directors has recommended a dividend of ₹2.50 per equity share, each with a face value of ₹10, for the financial year 2024-25. This dividend is subject to the approval of shareholders at the upcoming AGM.
Sunshield Chemicals Limited communicated the details of its 38th AGM and the proposed dividend through a letter to the BSE Limited dated June 17, 2025, signed by Company Secretary Amit Kumashi. The company also published a notice in the Financial Express (English newspaper) and Mumbai Lakshdeep (Marathi newspaper) on the same day for the intimation of the AGM date.
The 38th AGM is scheduled to transact business as outlined in the Notice of AGM, which will be circulated to shareholders. The decision to conduct the meeting via VC/OAVM is in accordance with circulars issued by the Ministry of Corporate Affairs (MCA) (Circular No. 14/2020 dated April 8, 2020, Circular No. 17/2020 dated April 13, 2020, Circular No. 20/2020 dated May 5, 2020, and the latest being 09/2024 dated September 19, 2024) and the Securities and Exchange Board of India (SEBI) (Circular No. SEBI/HO/CFD/CFD-POD-2/P/CIR/2024/133 dated October 3, 2024). These measures facilitate shareholder participation while adhering to prevailing guidelines.
The Board of Directors, in their meeting on May 5, 2025, recommended a dividend of ₹2.50 per share. If this dividend is declared by the members at the AGM, it will be paid to those eligible members whose names appear on the Register of Members as of the record date, which was Tuesday, June 3, 2025. The dividend payment, subject to deduction of tax at source (TDS) as applicable, is planned to be completed on or after July 14, 2025, but before August 12, 2025.
To ensure broad shareholder participation in decision-making, Sunshield Chemicals is providing a remote e-voting facility. This allows all members to cast their votes on all resolutions set out in the Notice of the AGM. Additionally, members will have the option to cast their vote using the e-voting system during the AGM. The detailed procedure for remote e-voting and e-voting during the AGM will be included in the Notice of the AGM.
Sunshield Chemicals has urged shareholders to ensure their email addresses and bank account details are up-to-date to receive communications and dividend payments electronically.
In the event the company is unable to pay the dividend to any shareholder by electronic mode due to non-registration of bank details, the company will dispatch dividend warrants/cheques to such shareholders in due course.
The announcement of the AGM and the dividend recommendation are significant corporate disclosures for Sunshield Chemicals Limited (CIN: L99999MH1986PLC041612). Dividend declarations are generally viewed positively by the market as they can indicate a company's financial health and its policy of distributing profits to shareholders. The record date for the dividend (June 3, 2025) has already passed, meaning investors who held shares on or before this date will be eligible for the dividend, provided it is approved at the AGM.
| Particulars | Details |
|---|---|
| Dividend per equity share | ₹2.50 |
| Face Value per equity share | ₹10.00 |
| Record Date for dividend eligibility | June 3, 2025 |
| Proposed Dividend Payment Period | On or after July 14, 2025, and before August 12, 2025 |
| Condition for Payment | Subject to declaration by members at the 38th AGM |
| Dividend Recommendation Date by Board | May 5, 2025 |
Detailed Analysis of AGM and Dividend Proposal
Sunshield Chemicals Limited communicated the details of its 38th AGM and the proposed dividend through a letter to the BSE Limited dated June 17, 2025, signed by Company Secretary Amit Kumashi. The company also published a notice in the Financial Express (English newspaper) and Mumbai Lakshdeep (Marathi newspaper) on the same day for the intimation of the AGM date.
Annual General Meeting (AGM) Particulars
The 38th AGM is scheduled to transact business as outlined in the Notice of AGM, which will be circulated to shareholders. The decision to conduct the meeting via VC/OAVM is in accordance with circulars issued by the Ministry of Corporate Affairs (MCA) (Circular No. 14/2020 dated April 8, 2020, Circular No. 17/2020 dated April 13, 2020, Circular No. 20/2020 dated May 5, 2020, and the latest being 09/2024 dated September 19, 2024) and the Securities and Exchange Board of India (SEBI) (Circular No. SEBI/HO/CFD/CFD-POD-2/P/CIR/2024/133 dated October 3, 2024). These measures facilitate shareholder participation while adhering to prevailing guidelines.
In line with these circulars, Sunshield Chemicals will send electronic copies of the Notice of the 38th AGM along with the Annual Report for FY 2024-25 to members whose email addresses are registered with the company, Registrar & Transfer Agent (RTA), or Depository Participant(s). The requirement for sending physical copies has been dispensed with. Shareholders can access the Annual Report 2024-25 on the company's website at www.sunshieldchemicals.com, the BSE Limited website (www.bseindia.com), and the NSDL e-voting platform (www.evoting.nsdl.com). Members attending the meeting through VC/OAVM will be counted for the purpose of reckoning the quorum under Section 103 of the Companies Act, 2013.
Dividend Recommendation and Payment
The Board of Directors, in their meeting on May 5, 2025, recommended a dividend of ₹2.50 per share. If this dividend is declared by the members at the AGM, it will be paid to those eligible members whose names appear on the Register of Members as of the record date, which was Tuesday, June 3, 2025. The dividend payment, subject to deduction of tax at source (TDS) as applicable, is planned to be completed on or after July 14, 2025, but before August 12, 2025.
E-voting Facilities
To ensure broad shareholder participation in decision-making, Sunshield Chemicals is providing a remote e-voting facility. This allows all members to cast their votes on all resolutions set out in the Notice of the AGM. Additionally, members will have the option to cast their vote using the e-voting system during the AGM. The detailed procedure for remote e-voting and e-voting during the AGM will be included in the Notice of the AGM.
Additional Context for Shareholders
Registration of E-mail Addresses and Bank Details
Sunshield Chemicals has urged shareholders to ensure their email addresses and bank account details are up-to-date to receive communications and dividend payments electronically.
- For Physical Holdings: Shareholders should send a request to the Registrar and Share Transfer Agent, MUFG Intime India Pvt Ltd (formerly known as "Link Intime India Private Limited"), at csg-unit@in.mpms.mufg.com. To register an email address, the request must include the Folio Number, name of the shareholder, a scanned copy of the share certificate (front and back), PAN, and Aadhaar (self-attested scanned copies), along with a duly signed request letter. For updating bank account details, an original cancelled cheque or a copy of the bank passbook/statement attested by the banker is required.
- For Demat Holdings: Shareholders should contact their Depository Participant (DP) to update their email address and bank details.
In the event the company is unable to pay the dividend to any shareholder by electronic mode due to non-registration of bank details, the company will dispatch dividend warrants/cheques to such shareholders in due course.
Market Impact and Outlook
The announcement of the AGM and the dividend recommendation are significant corporate disclosures for Sunshield Chemicals Limited (CIN: L99999MH1986PLC041612). Dividend declarations are generally viewed positively by the market as they can indicate a company's financial health and its policy of distributing profits to shareholders. The record date for the dividend (June 3, 2025) has already passed, meaning investors who held shares on or before this date will be eligible for the dividend, provided it is approved at the AGM.
The upcoming AGM will provide a platform for the management to present the company's performance for FY 2024-25 and discuss future strategies. The resolutions passed and the management's commentary will be closely watched by investors and may influence the stock's performance. The availability of the Annual Report will offer further detailed insights into the company's operations and financial standing.
