Proceedings of 35th Annual General Meeting
SHINDL · price
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Sharat Industries Ltd held its 35th AGM on 27th September 2025 via video conferencing, attended by 57 members representing 1,68,06,096 shares (42.59% of total). Shareholders transacted 14 items of business, including adoption of FY25 audited financial statements and declaration of a final dividend of ₹0.25 per equity share. The meeting also approved re-appointment of the Managing Director and Whole-Time Director for five-year terms effective 1st April 2026, an increase in authorised share capital, and higher borrowing limits under Section 180(1)(c) of the Companies Act. Material related party transactions with Katyayini Aqatech Private Limited and S P Enterprises were also approved. E-voting results are pending and will be declared within 2 working days and submitted to BSE.
The final dividend of ₹0.25 per share is a modest but tangible return to shareholders. The increase in borrowing limits and authorised share capital signals the company may be preparing for future fundraising or expansion. Re-appointments of the promoter-led leadership ensure continuity, while pending RPT approvals warrant shareholder attention given related-party risk.