Sarda Energy & Minerals Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 25, 2025. Further, the company has informed the Exchange regarding voting results.
SARDAEN · price
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Sarda Energy & Minerals held its 52nd AGM on September 25, 2025 via video conferencing, where shareholders voted on 10 resolutions, all of which were passed with overwhelming majority (over 99.8% in favor on every item). Key items approved include: adoption of audited standalone and consolidated financial statements for FY25, declaration of a dividend of ₹1.50 per equity share (150% on face value of ₹1) for FY 2024-25, and ratification of cost auditors' remuneration. Shareholders also approved the re-appointment of Mr. Padam Kumar Jain as Director and as Wholetime Director for another five years from June 1, 2026, and the re-appointment of Ms. Tripti Sinha as Independent Director for a second five-year term from October 20, 2025. Additionally, shareholders cleared an amendment to the Articles of Association and authorised the company to raise up to ₹1,000 crore through redeemable non-convertible debentures on a private placement basis. Voting participation stood at roughly 75.8% of total equity, with promoters holding about 25.78 crore shares voting entirely in favor.
All 10 resolutions passed comfortably, meaning shareholders can expect the ₹1.50 per share dividend for FY25 to be confirmed and the board continuity to remain intact. The ₹1,000 crore NCD borrowing authorisation gives the company flexibility to raise debt for expansion or refinancing, which is a positive but not immediate price catalyst.