Sharda Motor Industries Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 18, 2025
SHARDAMOTR · price
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Sharda Motor Industries has informed exchanges about its 40th Annual General Meeting scheduled for Thursday, September 18, 2025 at 12:00 Noon (IST), to be held via Video Conferencing / Other Audio-Visual Means. The AGM will consider adopting audited standalone and consolidated financial statements for FY 2024-25, declare a final dividend of Rs. 32.50 per equity share (face value Rs. 2, amounting to 1625%), re-appoint Shri Nitin Vishnoi as a director, appoint M/s VKC & Associates as Secretarial Auditors for five years (FY 2025-26 to FY 2029-30), ratify cost auditor remuneration of Rs. 100,000, and approve commission to non-executive directors capped at 1% of net profits for five years. The book closure period runs from September 11, 2025 to September 18, 2025, with the record date already fixed as June 13, 2025 for dividend entitlement. Remote e-voting will be open from September 15, 2025 (9:00 AM) to September 17, 2025 (5:00 PM), with September 12, 2025 as the cut-off date.
Shareholders who held shares as of the June 13, 2025 record date are eligible for the Rs. 32.50 final dividend, which represents a strong payout relative to the Rs. 2 face value. The book closure period from September 11-18, 2025 means no share transfers will be processed during this window. Routine governance matters (director re-appointment, auditor appointments, director commission) suggest stable management continuity.