Announced Wed, 1 Jul · 11:52 IST

35th AGM notice on July 24, 2026; merger with SKF Elixer proposed

Board & Shareholder Meetings View source PDF

Price

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AI summary

Smiths & Founders has sent the 35th AGM notice for July 24, 2026 (via video conference) along with the FY 2025-26 annual report. Key agenda items: adopt audited financials, re-appoint Mrs. Shailaja Suresh, alter the MOA to enable a proposed merger of SKF Elixer India into the company, and continue Mr. Suresh Shastry as CMD past age 70. Revenue rose 5.79 percent to about Rs 13.98 crore; net profit was Rs 1.41 crore, boosted by a Rs 92.62 lakh superannuation write-back. No dividend due to carried forward losses of about Rs 4.81 crore.

Likely market impact

Proposed merger with SKF Elixer India and CMD continuation past age 70 need shareholder approval. No dividend due to past losses; profit lifted by a one-time write-back.