Savita Oil Technologies Ltd. 65th AGM: All resolutions passed, dividend of 250% approved

Savita Oil Technologies Limited held its 65th Annual General Meeting (AGM) on August 31, 2026, through video conferencing. The meeting commenced at 11:00 a.m. and concluded at 11:33 a.m., with 69 members attending. The company provided a remote e-voting facility from August 27 to August 30, 2026, in addition to e-voting during the AGM.

All six resolutions presented at the AGM were passed with the required majority. These included the adoption of standalone and consolidated audited financial statements for the year ended March 31, 2026, and the approval of a dividend of 250% (₹5 per equity share of ₹2 each) for the financial year ended March 31, 2026.

Furthermore, the re-appointment of Mr. Siddharth G. Mehra as Director and his subsequent appointment as Joint Managing Director for a term up to September 30, 2031, were approved. Mr. Ajay Reche was appointed as Whole-time Director until September 30, 2030. The remuneration for both Mr. Mehra and Mr. Reche will be as per company policies, with the Board authorized to vary or increase it as permitted by law.

Additionally, the remuneration for the Cost Auditors, Kishore Bhatia & Associates, for the financial year ending March 31, 2027, was approved at ₹2,90,000 plus GST and reimbursement of expenses.