Meeting Details
The 48th Annual General Meeting of S&S Power Switchgear Limited was held on Monday, 28th September 2026 at 03:00 PM (IST) through video conference (VC/OAVM) without physical presence of members, concluding at 03:38 PM (IST). The meeting was conducted in compliance with MCA Circular Nos. 14/2020, 17/2020, 20/2020, 03/2025 and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2024/133 dated October 03, 2024 read with SEBI Master Circular dated January 30, 2026.
Proposed Resolutions and Implications
Three resolutions were proposed and passed at the AGM:
1. Ordinary Resolution: To consider, approve and adopt the audited standalone and consolidated financial statements for the year ended 31st March 2026 along with the notes and reports of the auditors and Board of Directors.
2. Ordinary Resolution: To reappoint Mr. Vikas Arora (DIN: 08424037) as director liable to retire by rotation.
3. Special Resolution: To approve payment of remuneration to non-executive directors including independent directors of the company.
Voting Process and Methods
The voting was conducted electronically through National Securities Depository Limited (NSDL) with two phases:
- Remote e-voting period: From 09:00 AM (IST) on Friday, 25th September 2026 to 05:00 PM (IST) on Sunday, 27th September 2026
- E-voting during AGM: For members present through VC who had not voted remotely
The record date for determining voting eligibility was 21st August 2026, with 19,430 total shareholders on record.
Key Voting Outcomes
Overall Participation
- Total outstanding shares: 12,341,550
- Total votes polled: 9,284,249 shares (75.2276% participation)
- No invalid votes across all categories
Resolution-wise Results
Resolution 1 (Ordinary - Financial Statements)
- Total votes in favor: 9,284,234 (99.9998%)
- Votes against: 15 (0.0002%)
- Promoter group: 9,253,036 shares voted 100% in favor
- Public institutions: 38,938 shares, 0 votes cast
- Public non-institutions: 3,049,576 shares, 31,213 votes cast (1.0235% participation) with 31,198 in favor (99.9519%) and 15 against (0.0481%)
Resolution 2 (Ordinary - Director Reappointment)
- Total votes in favor: 9,284,234 (99.9998%)
- Votes against: 15 (0.0002%)
- Identical voting pattern as Resolution 1 across all categories
Resolution 3 (Special - Director Remuneration)
- Total votes in favor: 9,283,934 (99.9966%)
- Votes against: 315 (0.0034%)
- Promoter group: 9,253,036 shares voted 100% in favor
- Public institutions: 0 votes cast
- Public non-institutions: 31,213 votes cast with 30,898 in favor (98.9908%) and 315 against (1.0092%)
Shareholder Participation Breakdown
- Promoters present through video conferencing: 9
- Public shareholders present through video conferencing: 47
- No shareholders present in person or through proxy
Scrutinizer's Role and Findings
Rangarajan D of BP & Associates (Firm Name: BP & ASSOCIATES, Membership No: F14171) was appointed as scrutinizer at the Board Meeting held on 14th August 2026. The scrutinizer:
- Verified the e-voting process conducted through NSDL
- Confirmed that members who voted remotely were blocked from voting again during the AGM
- Downloaded and scrutinized voting data from NSDL's e-voting system
- Prepared detailed voting results for each resolution
- Confirmed all three resolutions passed with requisite majority
- Will retain electronic voting records until minutes are approved and signed
Compliance Confirmation
The meeting and voting process complied with:
- Sections 108 and 110 of the Companies Act, 2013
- Rule 20 and 22 of the Companies (Management and Administration) Rules, 2014
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Secretarial Standard on General Meetings (SS-2)
- Relevant MCA and SEBI circulars permitting virtual meetings
Additional Information
- Company Scrip Code: BSE 517273, NSE Symbol: S&SPOWER
- Company Address: Plot No.14, CMDA Industrial Area Part-II, Chithamanur Village, Maraimalai Nagar
- Scrutinizer's Report Date: 30th September 2026
- Scrutinizer's Firm Address: Kancheepuram, Tamil Nadu - 603209