SAL Automotive Limited will hold its 51st Annual General Meeting (AGM) on Monday, September 21, 2026, at 03:00 PM IST through Video Conferencing/Other Audio-Visual Means in accordance with MCA circulars and SEBI regulations.

Key Business Items

Ordinary Business:

  • To receive, consider and adopt Audited Financial Statements for FY ended March 31, 2026 with Auditors' and Directors' Reports
  • To declare a final dividend of ₹2 per equity share (20% of face value of ₹10 each) for FY ended March 31, 2026
  • To re-appoint Mr. Rajiv Sharma (DIN: 07418337) as Non-Executive Non-Independent Director who retires by rotation

Special Business:

  • To ratify remuneration of Cost Auditor M/s. SDM & Associates (Firm Registration No. 000281) at ₹85,000 plus applicable taxes and out-of-pocket expenses for FY ending March 31, 2027
  • To approve adoption of new Memorandum of Association aligning with Companies Act 2013 and replacing references to Companies Act 1956
  • To re-appoint Mr. Uttam Sahay (DIN: 08608518) as Independent Director for a second term of three years from January 31, 2027 to January 30, 2030
  • To re-appoint Mr. Rama Kant Sharma (DIN: 00640581) as Managing Director for five years from February 04, 2027 with remuneration of ₹3,00,000 basic salary and ₹6,00,000 allowances/perquisites annually for first three years

Key Dates and Logistics

  • Record Date for voting rights and dividend eligibility: September 14, 2026
  • Remote e-voting period: September 18, 2026 (9:00 AM) to September 20, 2026 (5:00 PM)
  • Dividend payment date: On or before October 20, 2026
  • Meeting conducted via VC/OAVM with NSDL providing e-voting facilities
  • Physical attendance not required - members can join through NSDL e-voting system

Dividend Details

  • Final dividend of ₹2 per share (20%) subject to approval
  • Record date: September 14, 2026
  • Payment: Demat holders based on NSDL/CDSL beneficiary list; Physical holders based on Register of Members
  • TDS applicable: 10% for residents (20% if PAN not provided), 20% for non-residents (plus surcharge and cess)
  • Dividend unpaid for 7 consecutive years will be transferred to IEPF

Director Appointments and Remuneration

Mr. Rama Kant Sharma (Managing Director):

  • Re-appointment for 5 years from February 04, 2027
  • Remuneration: ₹3,00,000 basic + ₹6,00,000 allowances/perquisites annually for first 3 years
  • Qualifications: LLB, PGDBM, BSC with 40 years of corporate experience
  • Current directorship in 9 companies including b4S Solutions Pvt. Ltd.

Mr. Uttam Sahay (Independent Director):

  • Re-appointment for second term of 3 years from January 31, 2027 to January 30, 2030
  • Qualifications: Ph.D in Business Management, MBA, PG Diploma in HRM
  • 30+ years HR leadership experience at Vodafone Idea Ltd., Aditya Birla Group
  • Entitled to sitting fees for board/committee meetings

Mr. Rajiv Sharma (Non-Executive Director):

  • Re-appointment as director retiring by rotation

Financial Context

Based on financial indicators provided in Annexure-2:

  • FY 2025-26 Total Income: ₹38,676 lakhs
  • FY 2025-26 Net Profit: ₹429 lakhs
  • Paid-up Capital: ₹480 lakhs (increased from ₹240 lakhs in previous year)
  • Reserves & Surplus: ₹4,132 lakhs

Additional Information

  • The company has manufacturing facilities at Nabha (Punjab), Dharwad (Karnataka), Rudrapur (Uttarakhand), and Pune (Maharashtra)
  • RTA: MCS Registrars with email admin@mcsregistrars.com
  • Company website: www.salautomotive.in

Voting Arrangements

  • NSDL appointed as e-voting service provider
  • Mr. Ajay K Arora, Company Secretary in Practice, appointed as Scrutinizer
  • Members can vote remotely or during the AGM through NSDL system
  • Institutional members must submit board resolutions/authority letters

Document Availability

  • Notice and Annual Report available on company website, BSE website, and NSDL e-voting portal
  • Physical copies available on request to Company Secretary at kaushik.gagan@salautomotive.in