Piccadily Agro Industries (NSE:PICCADIL) filed an intimation on 18 August 2026 under Regulation 42 of the SEBI LODR Regulations, disclosing a book closure from 19 September 2026 to 25 September 2026 for its 32nd Annual General Meeting, which includes a proposed dividend consideration.
Key Highlights
- The Register of Members and Share Transfer Books will remain closed from 19 September 2026 (Saturday) to 25 September 2026 (Friday), both days inclusive.
- The company's 32nd Annual General Meeting is scheduled for 25 September 2026 at 4:30 PM, at which dividend will be considered for shareholders.
- The record date for determining shareholder eligibility for the proposed dividend has been fixed as 18 September 2026.
- The cut-off date for remote e-voting and video-conferencing participation at the AGM has also been set as 18 September 2026.
About the Company
Piccadily Agro Industries Limited (NSE:PICCADIL, BSE: 530305) is a Haryana-based company incorporated in 1994 and engaged in the manufacture of sugar, ethanol, and allied agro-processing products. Its registered office is located at Village Bhadson, Umri-Indri Road, District Karnal, Haryana, with a corporate office in Gurugram. The company operates within India's integrated sugar and ethanol processing sector.
Announcement in Detail
Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Piccadily Agro Industries Limited notified both NSE and BSE on 18 August 2026 that its Register of Members and Share Transfer Books will remain closed from 19 September 2026 to 25 September 2026 (both days inclusive). The purpose of the closure is to facilitate the 32nd Annual General Meeting of the company, scheduled for 25 September 2026 at 4:30 PM.
The record date has been fixed as 18 September 2026 to determine which shareholders are eligible for the dividend proposed to be considered at the AGM. Equity shares carry a face value of Rs 10 each. The same date, 18 September 2026, also serves as the cut-off date for identifying shareholders entitled to cast votes via remote e-voting and to attend the meeting through video conferencing.
Impact on Investors
Investors will note that only shareholders whose names appear on the company's register as of the record date of 18 September 2026 will be eligible for the dividend that is proposed to be considered at the 32nd AGM. The filing shows that shareholders holding shares in either physical or dematerialised form as of this date will also be entitled to participate in remote e-voting and video-conferencing at the AGM.
Shareholders will observe that no shares can be transferred during the book closure period of 19 September 2026 to 25 September 2026. The disclosed terms indicate that the quantum of dividend, if any, will be determined at the AGM itself and has not been specified in this filing.
Sector / Market Context
India's sugar and ethanol sector continues to operate under a government-regulated framework, with the Ministry of Consumer Affairs, Food and Public Distribution setting cane price benchmarks through the Fair and Remunerative Price mechanism each season. The ethanol blending programme, administered under the National Biofuel Policy, has progressively increased mandated blending targets for oil marketing companies, making integrated sugar-ethanol producers a structurally relevant part of India's energy and agricultural policy market. Companies with both sugar and distillery operations have continued to participate in supply agreements under this programme.