Please find enclosed the Proceeding of 50th Annual General Meeting of the company.
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Sal Automotive Limited held its 50th AGM on 26th September 2025 at 3:00 PM via video conferencing, chaired by Mr. Rajiv Sharma with 46 members present. The meeting covered FY2024-25, with the Chairman confirming no qualifications in the Auditors' or Secretarial Auditors' reports. A final dividend of Rs. 2.5 per equity share (25% on face value of Rs. 10) was recommended for FY ended March 31, 2025. Seven resolutions were transacted, including adoption of financial statements, dividend declaration, re-appointment of retiring director Mr. Jamil Ahmad, ratification of cost auditor remuneration, appointment of secretarial auditors for five years, and re-appointment of Mr. Kailash Nath Agarwal as Independent Director and Ms. Namrata Jain as Whole-time Director (ED-Finance & CFO). Voting was conducted via NSDL remote e-voting from September 23-25, 2025, and results will be announced within 2 working days.
Shareholders will receive a Rs. 2.5 per share dividend (25% on face value), and key board positions including Independent Director and CFO have been re-appointed, signalling continuity in leadership. The clean audit report and orderly conduct of the AGM are neutral to mildly positive signals for the stock.