This is inform that the shareholders of Sharat Industries Limited in the 35th Annual General Meeting approved the appointment of M/s. BP & Associates as Secretarial Auditors of the Company ....
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At the 35th AGM held on 27 September 2025, shareholders approved the re-appointment of three directors: Mr. Harihar Venkata Muthyam as Independent Director for a second 5-year term, Mr. Prasad Reddy Sabbella (founder) as Managing Director for 5 years from April 2026, and his son Mr. Sharat Reddy Sabbella as Whole-Time Director for 5 years from April 2026. Shareholders also approved increasing the authorized share capital from ₹50 crore to ₹60 crore (5 crore shares to 6 crore shares of ₹10 each), the appointment of M/s. BP & Associates as Secretarial Auditor for a 5-year term, and two material related party transactions with Katyayini Aqatech Private Limited and M/s. S P Enterprises.
The re-appointment of the founder-pioneer MD alongside his son as Whole-Time Director reinforces promoter family control and provides management continuity. The authorized share capital hike of ₹10 crore gives the company room for future fundraising or bonus issues, though it does not by itself dilute existing shareholders.