Proceedings of 41st Annual General Meeting
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Shivalik Bimetal Controls held its 41st AGM on September 16, 2025 in Solan, Himachal Pradesh, attended by 50 members (5 promoter group, 45 public) out of 68,050 members on record. Chairman N.S. Ghumman highlighted FY25 as a year of operational resilience, strong cash generation, and a debt-free balance sheet, while positioning the company as an electro-technical solutions partner focused on smart metering, e-mobility, grid modernization, data centers, and battery management systems. MD Kabir Ghumman noted strong domestic shunt volumes, recovery in thermostatic bimetals, and progress in forward integration into assemblies and PCBAs. Six resolutions were approved, including adoption of FY25 audited financials, confirmation of interim and final dividends, re-appointment of Mr. Gurmeet Singh Gill, ratification of the Cost Auditor's remuneration, appointment of M/s R. Miglani & Co. as Secretarial Auditor for 5 years, and appointment of Dr. Srikant Baldi as Independent Director for 5 years.
Shareholders approved the dividend and all routine governance resolutions; the dividend confirmation supports shareholder returns, while the debt-free status, internal-accruals funding model, and new R&D Centre of Excellence in NCR signal continued capital-efficient growth. Director appointments and clean audit report should reassure investors on governance quality.