Meeting Details

The 41st Annual General Meeting of Salzer Electronics Limited was held on September 12, 2026, at 11:30 AM through Video Conferencing/Audio Visual Means. The deemed venue was the company's registered office at Jothipuram Post, Samichettipalayam, Coimbatore - 641047, Tamil Nadu.

Attendance

Directors Present:

  • Mr. Rangachary N (Chairman, Non-Executive and Non-Independent Director) - from Bangalore
  • Mr. Doraiswamy.R (Managing Director) - from Registered Office, Coimbatore
  • Mr. Rajeshkumar D (Joint Managing Director) - from Registered Office, Coimbatore
  • Mr. Sankaran. V (Non-Executive and Non-Independent Director) - from Chennai
  • Mrs. Priya Bhansali (Independent Director) - from Coimbatore
  • Mr. Sharat Chandra Bhargava (Independent Director) - from New Delhi
  • Mr. Sunder Rajan Raman (Independent Director) - from Mumbai

Other Attendees:

  • Mr. K Raman (Chief Financial Officer)
  • Mr. K M Murugesan (Company Secretary)
  • Mrs. Alamelu (Partner, Swamy & Ravi, Statutory Auditor)
  • Mrs. D Amitha (Partner, DAT & Associates, Internal Auditor)
  • Mr. Ramasubramania Raja (Cost Auditor)
  • Mrs. Menaka (General Manager - Accounts)
  • Mr. S Venkatachalam (General Manager - Commercial)
  • Mr. S Vijayakumar (Assistant Manager - Accounts)

Total members present: 101

Business Transacted

The meeting transacted all businesses mentioned in the Notice of the 41st AGM dated August 08, 2026.

Ordinary Business Resolutions

1. Adoption of audited Standalone and consolidated financial statements for FY ended March 31, 2026, along with Board of Directors report and auditors' report

2. Declaration of dividend at ₹2.50 (25%) per equity share of ₹10 each for FY 2025-26

3. Re-appointment of Mr. N Rangachary who retired by rotation

4. Re-appointment of Mr. V Sankaran who retired by rotation

Special Business Resolutions

5. Re-appointment of Mr. D Rajesh Kumar as Joint Managing Director for another term of five consecutive years effective October 1, 2026

6. Ratification of remuneration payable to Mr. A R Ramasubramania Raja as cost auditor for FY 2026-27

Chairman's Address Highlights

  • Reviewed company's four-decade journey and growth in fifth decade with focus on growth, innovation and responsible business
  • Discussed global and Indian economic environment, noting resilience of Indian economy despite geopolitical uncertainties
  • Presented FY 2025-26 performance including strong revenue growth, key business divisions performance, and export expansion
  • Highlighted factors affecting profitability in FY 2025-26 and steps taken to address concerns
  • Mentioned key strategic initiatives including smart metering, Saudi Arabia manufacturing facility, investments in energy ecosystem, EV charging, and Bengaluru energy management project

Voting Process

  • Mr. G. Vasudevan, Company Secretary of M/s. G V Associates, Coimbatore, appointed as Scrutinizer
  • E-voting remained open until 15 minutes after meeting closure (ended at 1:23 PM)
  • All resolutions deemed passed subject to Scrutinizer's report

Meeting Timing

Started at 11:30 AM and ended at 1:08 PM. Requisite quorum was present throughout the meeting.