Salzer Electronics 41st AGM - All 6 resolutions approved by shareholders
SALZERELEC · price
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Salzer Electronics held its 41st AGM on 12 Sept 2026 via video conferencing. All 6 resolutions were approved with over 99% majority on each. Key items included adoption of FY26 standalone and consolidated financial statements, declaration of dividend on equity shares, reappointment of two non-executive directors (N Rangachary and V Sankaran) retiring by rotation, reappointment of D Rajesh Kumar as Joint Managing Director for 5 years effective 1 Oct 2026, and ratification of cost auditor remuneration for FY27. Voting turnout was 41.1 percent with 72.68 lakh shares voted.
Routine AGM business completed cleanly. Confirms dividend and leadership continuity, including 5 year term for Joint MD. No material stock price impact expected.