Kalyan Jewellers India Limited has set September 19, 2026, as the date for its 18th Annual General Meeting, or AGM. The meeting will take place at 11:30 am through Video Conferencing or Other Audio Visual Means, also called OAVM. The company has set September 12, 2026, as the record date for the proposed final dividend of ₹2.50 per equity share. The dividend is not yet final, since shareholders must first approve it at the AGM.
The proposal relates to the financial year ended March 31, 2026. The Board of Directors had recommended a final dividend of 25% on the face value of the equity shares at its meeting on May 8, 2026. Since the face value is ₹10 per share, a 25% dividend works out to ₹2.50 per share.
For shareholders, the main point is that the proposed ₹2.50 payment is subject to approval at the AGM. The record date does not by itself create an unconditional right to the dividend. The company has stated that, if shareholders approve the proposal, the dividend will be dispatched within 30 days from the date of approval.
Key Dates
The following table sets out the main dates and terms based on the company information reported in the available disclosures.
| Particular | Details |
|---|---|
| Company | Kalyan Jewellers India Limited |
| AGM | 18th Annual General Meeting |
| AGM date | September 19, 2026 |
| AGM time | 11:30 am |
| AGM mode | Video Conference / Other Audio Visual Means |
| Record date | September 12, 2026 |
| Proposed final dividend | ₹2.50 per equity share |
| Dividend rate | 25% of face value |
| Face value | ₹10 per equity share |
| Dividend status | Subject to shareholder approval |
| E-voting cut-off | September 12, 2026 |
| Register closure | September 13, 2026 to September 19, 2026 |
| Dividend payment timeline | Within 30 days of AGM approval |
These dates and terms are based on the company-related disclosure reported by ScanX and supporting market disclosures.
What the ₹2.50 Dividend Means
A dividend is a payment that a company may make to its shareholders from available profits, subject to applicable law and the required approvals. In this case, Kalyan Jewellers has proposed ₹2.50 for every equity share.
The 25% figure can cause some confusion. It does not mean that a shareholder will receive 25% of the market price of the stock. The percentage is based on the face value of the share. Kalyan Jewellers has a face value of ₹10 per equity share. Therefore, 25% of ₹10 equals ₹2.50.
| Calculation | Amount |
| Face value per share | ₹10 |
| Proposed dividend rate | 25% |
| Dividend per share | ₹2.50 |
For example, a person who holds 100 shares would have a proposed gross dividend amount of ₹250 if the dividend is approved and the person meets the applicable eligibility conditions. A holder of 1,000 shares would have a proposed gross amount of ₹2,500. These amounts are before any applicable tax treatment.
This simple calculation should not be taken as a promise of payment. The final payment depends on shareholder approval and the other applicable conditions.
Why September 12 Matters
September 12, 2026, is the record date. The company has stated that shareholders whose names are on the relevant company records as of that date will be eligible for the final dividend, subject to approval of the proposal. The same cut-off date also applies to voting rights and the remote e-voting facility for the resolutions placed before the AGM.
The record date is therefore an important corporate action date. It helps the company identify the shareholders who qualify for the proposed distribution and related shareholder rights.
The AGM itself will take place one week later, on September 19. This means the record date and the approval date serve different purposes. The record date identifies the eligible shareholder base, while the AGM provides the formal shareholder approval process for the proposed resolutions.
It is also important to note that the register of members will remain closed from September 13, 2026, to September 19, 2026, with both dates included.
AGM and Shareholder Approval
The AGM is not limited to the dividend proposal. Shareholders will also consider several other matters. These include the adoption of the financial statements for FY26 and other routine corporate matters, along with proposals related to public deposits, chairman remuneration and director reappointments.
The dividend proposal is an ordinary corporate matter that requires shareholder approval. The Board has already recommended the ₹2.50 final dividend, but the recommendation does not have the same effect as a completed dividend payment.
This distinction is important from a legal and investor communication perspective. It would be more accurate to describe ₹2.50 as a proposed final dividend until the AGM approval takes place.
The AGM will be held through OAVM. The company has stated that this mode is in line with the relevant circulars and requirements issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India.
Other Matters Before Shareholders
Apart from the dividend, the AGM agenda includes a proposal related to public deposits. Shareholders will be asked to approve the acceptance of unsecured or secured deposits from the public and members, within the limits allowed under the Companies Act, 2013. The company has been described as an eligible entity for this purpose, based on the applicable net worth and turnover conditions.
The agenda also contains a special resolution related to the remuneration of Vinod Rai, Chairman and Non-Executive Independent Director. The proposal seeks approval for annual remuneration of ₹26 lakh for FY27. The amount may exceed 50% of the total annual remuneration payable to all non-executive directors, as noted in the AGM material reported by ScanX. His last drawn remuneration for FY26 was reported at ₹2.5 million.
The company also proposes the reappointment of TK Seetharam and Salil Nair, who retire by rotation and are eligible for reappointment.
These matters show that the AGM has a wider purpose than the dividend alone. Shareholders will have several resolutions to consider, and each resolution should be assessed on its own terms.
Dividend Versus Share Price
A proposed dividend should not be viewed as a guaranteed source of investment return. A dividend payment and a share price movement are separate matters.
The ₹2.50 proposed dividend provides a stated cash distribution per eligible share if the proposal receives approval. The market price of Kalyan Jewellers shares, however, can move for many reasons. These can include company results, gold prices, consumer demand, market conditions, valuation, interest rates, investor sentiment and broader movements in equity markets.
The value of a shareholder’s investment can therefore rise or fall by an amount that is much larger than the proposed dividend. A dividend alone does not establish whether a share is cheap, expensive, attractive or unsuitable.
This is especially relevant when a stock has seen a material price move before a corporate action. Past price performance does not provide a reliable guarantee of future returns.
Recent Business Context
The dividend proposal comes after a strong reported first quarter for FY27. Kalyan Jewellers reported consolidated net profit of ₹348.67 crore for the quarter ended June 2026, compared with ₹264.08 crore in the same quarter of the previous year. Consolidated sales were reported at ₹10,588.93 crore, compared with ₹7,268.48 crore in the corresponding quarter of the previous year.
The reported numbers indicate a rise in both sales and profit. However, one quarter alone does not establish the future financial performance of the company. Investors may need to assess a longer period, including margins, cash flow, debt, store expansion, demand, working capital and other business factors before forming a view.
The proposed dividend should also be viewed in the context of the company’s broader capital allocation approach. A company can use cash for dividends, expansion, debt reduction, working capital or other corporate purposes. The appropriate balance can change with business conditions.
Dividend History
Kalyan Jewellers has also declared final dividends in earlier financial years. The reported history shows a proposed ₹2.50 dividend for FY26, after a ₹1.50 dividend for FY25, a ₹1.20 dividend for FY24 and a ₹0.50 dividend for FY23.
| Financial year | Dividend per share |
| FY23 | ₹0.50 |
| FY24 | ₹1.20 |
| FY25 | ₹1.50 |
| FY26 | ₹2.50 proposed |
The data shows an increase in the nominal dividend per share over these periods. However, dividend history should not be treated as a promise that future dividends will rise at the same pace.
The final FY26 dividend remains subject to shareholder approval. It is therefore more precise to use the word “proposed” until the approval process is complete.
What Shareholders Should Check
A shareholder who holds Kalyan Jewellers shares may wish to verify the record date, the number of shares held on the relevant date and the details in the AGM notice. The company has also specified September 12, 2026, as the cut-off date for remote e-voting.
Shareholders should also review the official AGM notice before they vote. The notice contains the formal wording of each resolution, explanatory statements and other details that may not appear in a short market report.
For tax matters, the actual tax treatment can depend on the shareholder’s status and the applicable tax rules at the time of payment. A market article should not be treated as personal tax advice.
What the Announcement Does Not Mean
The announcement does not mean that every person who buys the share near the AGM date will automatically receive ₹2.50.
Eligibility depends on the relevant record-date rules and the shareholder records. The dividend itself also requires shareholder approval. The announcement does not guarantee a particular share price before or after the record date.
It also does not mean that the company has committed to a ₹2.50 dividend every year. The amount relates to the proposed final dividend for FY26 and should not be treated as a fixed annual payment.
These distinctions matter because corporate action headlines can sometimes appear more certain than the underlying legal position.
Overall Assessment
The key development is clear: Kalyan Jewellers has proposed a final dividend of ₹2.50 per equity share for FY26, equal to 25% of the ₹10 face value. Shareholders will consider the proposal at the company’s 18th AGM on September 19, 2026, at 11:30 am through OAVM. September 12, 2026, is the stated record date and also the cut-off date for remote e-voting.
From a shareholder perspective, the most important distinction is between a recommendation and an approved dividend. The Board has recommended ₹2.50, but the payment remains subject to shareholder approval. If approved, the company has stated that the dividend will be dispatched within 30 days of the approval date.
The AGM also has other important resolutions, including a proposal for public deposits, remuneration for Chairman Vinod Rai and the reappointment of two directors. The dividend is therefore one part of a wider shareholder decision process.
For investors, the announcement is positive in the limited sense that it sets out a proposed cash distribution and provides clear corporate action dates. It should not, by itself, be treated as a reason to buy, sell or hold the shares. A proper investment view would require a separate assessment of the company’s valuation, financial results, business outlook, risks and the investor’s own objectives.
This analysis is for general information only. It is not investment, legal or tax advice. Corporate action dates and terms can change through later company, exchange or regulatory disclosures. Shareholders should rely on the latest official company notice and exchange filings before taking any action.
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