Saurashtra Cement Shareholders Approve Key Resolutions: Financials, Director Re-appointment, and Auditor Appointments
Saurashtra Cement Limited's shareholders approved six resolutions, including the adoption of FY26 audited financial statements. Key approvals involved the re-appointment of Director Hemang Dhirendra Mehta, the appointment of Cost Auditors for FY27, and the continuation of M/s. Manubhai & Shah LLP as Statutory Auditors. Mr. M. S. Gilotra was re-appointed as Managing Director for 2027.
The approval of financial statements, director appointments, and auditor changes are routine but important for company operations and governance. The reappointment of the Managing Director for another year provides stability.
The company successfully passed all resolutions, indicating shareholder confidence and smooth corporate governance.
Saurashtra Cement Limited announced the voting results from its recent meeting held on September 24, 2026. The meeting saw the approval of six resolutions. Key among these was the adoption of the Audited Standalone and Consolidated Financial Statements for the Financial Year ending March 31, 2026, along with the Directors' and Auditors' reports.
Shareholders also re-appointed Mr. Hemang Dhirendra Mehta as a Non-Executive, Non-Independent Director, who retires by rotation and was eligible for re-appointment. The appointment and remuneration of the Cost Auditors for the Financial Year ending March 31, 2027, were also approved.
Furthermore, the modification of the term of appointment for M/s. Manubhai & Shah LLP as Statutory Auditors was approved, continuing their tenure until the conclusion of the 69th Annual General Meeting. The re-appointment of Mr. M. S. Gilotra as Managing Director for a further period of one year from January 1, 2027, to December 31, 2027, was also sanctioned, including the approval of his remuneration.
Finally, approval was granted for the payment of commission to Mr. Jay Mehta, the Chairman (Non-Executive, Non-Independent Director). The record date for these proceedings was September 16, 2026, with a total of 54,684 shareholders on record.
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Saurashtra Cement Limited filed this with the NSE as a statutory disclosure, categorised under agm. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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