SARDAEN · price
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Sarda Energy & Minerals Ltd. held its 52nd AGM on 25th September 2025 via video conferencing, with all 10 resolutions passed with overwhelming shareholder support (over 99.8% in favour on each item). Shareholders approved the audited standalone and consolidated financial statements for FY25 and confirmed a dividend of ₹1.50 per equity share (150%) on the face value of ₹1. Reappointments included Mr. Padam Kumar Jain as Director and as Wholetime Director for another 5 years from 1st June 2026, and Ms. Tripti Sinha as Independent Director for a second 5-year term from 20th October 2025. M/s. S.G. Kankani & Associates was appointed as Secretarial Auditor for 5 years till the 57th AGM in 2030, and remuneration to Cost Auditors M/s. S N and Co. was ratified. The Articles of Association were amended to allow lenders to appoint a Nominee Director/Observer on the Board and cap the director age limit at 80 years. Shareholders also approved raising up to ₹1,000 crore through Redeemable Non-Convertible Debentures on a private placement basis within one year.
Routine confirmations with no surprises — the ₹1.50 dividend is now formally declared and the company has secured flexibility to raise up to ₹1,000 crore in debt. The Articles amendment enabling lender nominee directors is a noteworthy governance change, signalling openness to higher debt funding in the future.