
Gujarat Pipavav Port Appoints Dr. Ajay Kumar as Nominee Director; Recommends ₹5 Dividend
Gujarat Pipavav Port Limited's Board of Directors approved the appointment of Dr. Ajay Kumar, IAS, as Nominee Director from the Gujarat Maritime Board. Dr. Kumar, a 2006 Gujarat Cadre IAS Officer with a Doctorate in Agriculture and over two decades of experience, ensures the company's board composition complies with SEBI regulations. The Board also approved the audited standalone and consolidated accounts for the year ended March 31, 2026, and re-confirmed the recommendation of a final dividend of ₹5.00 per equity share. The 34th Annual General Meeting (AGM) is scheduled for September 9, 2026, with September 2, 2026, set as the record date for determining eligible shareholders for the dividend, subject to shareholder approval.
Key Highlights
- Board appointed Dr. Ajay Kumar, IAS, as Nominee Director.
- Recommended a final dividend of ₹5.00 per equity share for FY26.
- 34th Annual General Meeting (AGM) scheduled for September 9, 2026.
- Record date for final dividend is September 2, 2026.
- New director appointment ensures SEBI compliance for board composition.
Price Impact
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