Sagar Cements Limited

Voting Process Details

The e-voting period commenced at 9:00 a.m. on June 21, 2026, and concluded at 5:00 p.m. on June 24, 2026. The cut-off date for determining members entitled to vote was June 18, 2026. M/s. B S S & Associates, Company Secretaries (Unique Code: P2012AP02600), acted as Scrutinizers for the voting process. The company used KFin Technologies Limited for e-voting services.

Resolution Outcomes

All five resolutions proposed at the AGM were passed with requisite majority:

Resolution 1 (Ordinary Resolution) - Adoption of Financial Statements

  • To receive, consider, approve and adopt audited stand-alone and consolidated Financial Statements for FY ended March 31, 2026
  • Votes in favor: 115,991,277 (99.9989%)
  • Votes against: 1,237 (0.0011%)
  • Abstained/Invalid: 10,439 votes from 3 members

Resolution 2 (Ordinary Resolution) - Re-appointment of Dr. S. Anand Reddy

  • Re-appointment of Dr. S. Anand Reddy (DIN: 00123870) who retires by rotation
  • Votes in favor: 116,001,708 (99.9989%)
  • Votes against: 1,237 (0.0011%)
  • Abstained/Invalid: 8 votes from 2 members

Resolution 3 (Ordinary Resolution) - Re-appointment of Smt. S. Rachana

  • Re-appointment of Smt. S. Rachana (DIN: 01590516) who retires by rotation
  • Votes in favor: 116,001,708 (99.9989%)
  • Votes against: 1,237 (0.0011%)
  • Abstained/Invalid: 8 votes from 2 members

Resolution 4 (Ordinary Resolution) - Ratification of Cost Auditors' Remuneration

  • Ratification of remuneration payable to M/s. Narasimha Murthy & Co., Cost Accountants (Firm Registration No. 000042)
  • Remuneration: ₹12,00,000/- plus reimbursement of applicable taxes, travelling and other out-of-pocket expenses
  • For audit of cost records for financial year ending March 31, 2027
  • Votes in favor: 116,001,703 (99.9989%)
  • Votes against: 1,242 (0.0011%)
  • Abstained/Invalid: 8 votes from 2 members

Resolution 5 (Special Resolution) - Approval of Material Related Party Transactions

  • Approval for contracts/arrangements/transactions with subsidiary Andhra Cements Limited (related party)
  • Aggregate value: Up to ₹500 crores for one year from date of approval
  • Additional approval to provide loan up to ₹150 crores to Andhra Cements Limited
  • All transactions to be in ordinary course of business and on arm's length basis
  • Votes in favor: 13,922,929 (99.9911%)
  • Votes against: 1,237 (0.0089%)
  • Abstained/Invalid: 102,078,787 votes from 29 members

Attendance Details

  • Total shareholders on record date: 35,280
  • Shareholders present in meeting: 0
  • Shareholders attended through Video Conferencing: 14 (Promoters: 0, Public: 14)
  • Additional attendees: 114 public shareholders

Authorization and Signatories

The declaration was signed by Sammidi Anand Reddy, Managing Director (DIN: 00123870), and the Scrutinizer's report was prepared by S. Srikanth, Partner of B S S & Associates (CoP No. 7999, UDIN: A022119H000691205).