Proceedings of the AGM
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Awaiting price reaction for this filing.
Sibar Auto Parts held its 42nd AGM on 27 September 2025 via video conference, with 86 members present including promoters. The meeting lasted 30 minutes (2:30 PM to 3:00 PM) and was chaired by Independent Director Narayana Yadla, with Managing Director P. Ravichandra and Whole-Time Director P. Madhu Pratap also present along with the statutory and secretarial auditors. Six resolutions were put to vote: adoption of FY25 audited financial statements, re-appointment of Non-Executive Director P. Sugunamma (retiring by rotation), appointment of statutory auditors (including filling a casual vacancy), re-appointment of P. Madhu Pratap as Whole-Time Director, and appointment of P.S. Rao & Associates as secretarial auditors for a 5-year term. E-voting took place from 24–26 September 2025; the Chairman addressed members on business operations, achievements, future prospects, and industry scenario, and answered shareholder queries. Voting results and scrutinizer's report will be filed with stock exchanges separately.
This is a routine procedural filing — no dividend, bonus, fundraising, or material strategic decision was announced at the meeting itself. Shareholders should watch for the separate e-voting results filing, which will confirm whether all six resolutions were passed and is the next event that could move sentiment.