Sharda Motor to hold 41st AGM on Sep 24, 2026; declares ₹20 dividend per share
Sharda Motor Industries Limited will hold its 41st AGM on September 24, 2026, via VC/OAVM. A final dividend of ₹20 per equity share for FY26 is proposed. The AGM will also see the re-appointment of Shri Kishan N Parikh as Director and Shri Ajay Relan as Executive Chairperson for five years from Sep 1, 2026.
The AGM agenda includes significant corporate actions like dividend declaration and executive re-appointments, which are important for shareholders but do not represent a major strategic shift or immediate financial windfall.
The announcement is positive due to the proposed dividend declaration and key management re-appointments, indicating stability and shareholder returns.
Sharda Motor Industries Limited (SMIL) has announced its 41st Annual General Meeting (AGM) will be held on Thursday, September 24, 2026, at 12:00 Noon IST via Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The company proposes to declare a final dividend of ₹20 per equity share for the financial year ended March 31, 2026.
The AGM will consider and adopt the audited standalone and consolidated financial statements for the fiscal year 2025-26, along with the reports of the Board of Directors and Auditors. Additionally, shareholders will vote on the re-appointment of Shri Kishan N Parikh as a Director and Shri Ajay Relan as a Whole-Time Director, designated as "Executive Chairperson," for a period of five years starting September 1, 2026. The proposed remuneration for Shri Ajay Relan includes a basic salary of ₹35 lakhs per month, along with performance pay and other perquisites. The meeting will also address the payment of remuneration to Shri Navin Paul, a Non-Executive Independent Director, and ratify the remuneration for the Cost Auditors, Gurdeep Singh & Associate.
The record date for determining entitlement to the final dividend is Friday, September 18, 2026. The e-voting period will commence on Monday, September 21, 2026, and conclude on Wednesday, September 23, 2026. The book closure for the AGM will be from Saturday, September 19, 2026, to Thursday, September 24, 2026, inclusive.
A plain-language summary of a public exchange filing by Sharda Motor Industries Limited. Read the original for the full detail.