Sagar Cements Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results along with copy of minutes.
SAGCEM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sagar Cements has concluded a postal ballot with all three resolutions passed by shareholders. The first resolution re-appointed Smt. Naga Sudha Rani (a nominee director of Telangana Industrial Development Corporation) for the period January 20, 2026 to January 31, 2028, with 99.71% votes in favour. The second resolution approved the appointment of Mr. Sammidi Siddarth as Manager (Operations) at a monthly remuneration of Rs. 5 lakh with 10% annual increment, passing with 95.46% support. The third special resolution materially modified the related party transaction limit with subsidiary Andhra Cements Limited, doubling it from Rs. 315 crore to Rs. 630 crore for one year, and also approved a Rs. 125 crore loan to Andhra Cements, passing with 99.72% support.
The doubling of the related party transaction ceiling and the additional Rs. 125 crore loan to its subsidiary Andhra Cements signals increased inter-company financial support, which shareholders should monitor for capital allocation efficiency. All resolutions passed comfortably with high approval, indicating no significant shareholder dissent on these governance matters.