S.J.S. Enterprises Limited has informed the Exchange regarding Proceedings of the 20th Annual General Meeting held on July 16, 2025
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Awaiting price reaction for this filing.
S.J.S. Enterprises held its 20th AGM on July 16, 2025, via video conference, with 91 members participating. Management highlighted 21.1% year-on-year revenue growth in FY25, driven by the automotive and consumer segments, along with 17.6% growth in exports. New customer wins include Stellantis, Whirlpool, and Hero MotoCorp, and the Company reiterated its debt-free balance sheet. Shareholders approved 8 resolutions, including adoption of FY25 financial statements, declaration of dividend, re-appointment of Mr. Sanjay Thapar and Mr. K.A. Joseph, and the appointment of S.R. Batliboi & Co. LLP as Statutory Auditors. A special resolution was passed to raise the maximum managerial remuneration limit from 11% to 15% of net profit to accommodate stock option exercises by Executive Directors.
This is a routine AGM filing confirming operational continuity, dividend approval, and leadership continuity, with the FY25 growth commentary being positive for the stock. The special resolution to raise the managerial pay cap is linked to stock option exercises, which may dilute equity slightly but ties management compensation to performance. Detailed voting results are still awaited.