Sarda Energy & Minerals Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 25, 2025
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Sarda Energy & Minerals Limited held its 52nd Annual General Meeting on September 25, 2025, via video conferencing. The meeting, chaired by Mr. Kamal Kishore Sarda, lasted about 50 minutes (11:30 a.m. to 12:20 p.m.) and covered 10 resolutions — 7 ordinary and 3 special. Key items approved include a dividend of ₹1.50 per equity share (150%) on face value of ₹1 for FY25, re-appointment of Mr. Padam Kumar Jain as Wholetime Director for 5 years from June 1, 2026, and re-appointment of Ms. Tripti Sinha as Independent Director for a second 5-year term. Shareholders also approved an amendment to the Articles of Association and authorised the company to raise up to ₹1,000 crore through non-convertible debentures and other debt securities. Voting results from remote e-voting and AGM e-voting will be declared separately within the prescribed timeline.
Shareholders will receive a ₹1.50 per share dividend for FY25, while the ₹1,000 crore debt authorisation gives the company flexibility to fund future expansion or refinance existing borrowings. Board continuity is maintained with key re-appointments, signalling stability. Voting results, once announced, will confirm shareholder sentiment on these proposals.