Kalyan Jewellers India Limited (NSE:KALYANKJIL) filed its 18th Annual General Meeting notice with the NSE on 20 August 2026. The meeting is scheduled for Saturday, 19 September 2026 at 11:30 AM IST, to be conducted via Video Conferencing, with a proposed final dividend of Rs 2.50 per equity share for FY2025-26 among the items for member consideration.
Key Highlights
- The 18th AGM of Kalyan Jewellers India Limited is scheduled for 19 September 2026 at 11:30 AM IST via Video Conferencing or Other Audio-Visual Means.
- Members will consider declaring a final dividend of Rs 2.50 per equity share of face value Rs 10 each for the financial year ended 31 March 2026.
- Directors Mr. TK Seetharam (DIN: 01021898) and Mr. Salil Nair (DIN: 01955091) are proposed for re-appointment as they retire by rotation.
- Special business includes approval for acceptance of public deposits and a special resolution on remuneration for Chairman Mr. Vinod Rai (DIN: 00041867) for FY2026-27.
About the Company
Kalyan Jewellers India Limited (NSE:KALYANKJIL), headquartered in Thrissur, Kerala, is one of India's largest jewellery retailers by network size, operating showrooms across India and in select international markets including the Middle East. The company retails gold, diamond, and other precious jewellery under the Kalyan Jewellers brand, with its registered office at TC-32/204/2, Sitaram Mill Road, Punkunnam, Thrissur, Kerala. It is listed on both NSE and BSE (scrip code: 543278) and is incorporated under CIN L36911KL2009PLC024641.
Announcement in Detail
The notice, filed by Company Secretary and Compliance Officer Jishnu RG on 20 August 2026 under reference SEC/32/2026-2027, confirms the AGM will be conducted through Video Conferencing as the deemed venue at the registered office. The annual report for FY2025-26, which accompanies the notice, covers audited standalone and consolidated financial statements for the year ended 31 March 2026. Remote e-voting through NSDL has been arranged, with the facility available both before and during the AGM. Physical attendance has been dispensed with in accordance with applicable MCA circulars.
Beyond ordinary business, the AGM notice lists two special items. First, members will vote on an ordinary resolution authorising the company to invite, accept, or renew secured or unsecured deposits from the public and members up to permissible limits under the Companies Act, 2013. Second, a special resolution seeks shareholder approval for remuneration payable to Non-Executive Independent Director and Chairman Mr. Vinod Rai for FY2026-27, which may exceed 50% of total remuneration payable to all non-executive directors, as required under SEBI Listing Regulation 17(6)(ca).
Impact on Investors
Investors will note that the proposed final dividend of Rs 2.50 per equity share of face value Rs 10 is subject to member approval at the 19 September 2026 AGM and has not yet been declared. The filing shows this is a notice of a forthcoming meeting, not an outcome, and shareholders should await voting results before drawing conclusions on dividend entitlement or record date details, which have not been disclosed in this notice.
Shareholders will observe that the special resolution on public deposit acceptance, if passed, would enable the company to raise funds from the public within statutory limits. The remuneration resolution for Mr. Vinod Rai requires a special resolution under SEBI listing norms because his individual pay may exceed 50% of aggregate non-executive director remuneration for FY2026-27. The disclosed terms indicate that vote percentages will be available only after the AGM outcome is filed.
Sector / Market Context
India's organised jewellery retail sector has seen sustained expansion, with industry bodies and market research highlighting rising consumer preference for hallmarked and branded jewellery following the government's mandatory hallmarking rollout. According to SEBI filing data, large-format jewellery retailers have continued to expand their showroom networks across Tier 2 and Tier 3 cities, supported by formalisation trends in the sector. Annual general meetings for listed jewellery companies in this period routinely include dividend declarations and deposit-acceptance resolutions as part of standard capital management practice under the Companies Act, 2013 framework.