Meeting Details
The 41st Annual General Meeting was held on Friday, September 11, 2026, from 04:30 PM to 05:01 PM through Video Conferencing (VC)/Other Audio Visual Means (OAVM). The meeting was conducted in compliance with Circulars issued by the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI).
Distribution of Annual Report
The Annual Report for the year ended March 31, 2026, was sent electronically to shareholders who had registered their email addresses. For those without registered emails, letters containing web links to access the Annual Report were dispatched. The Notice and Annual Report were made available on the Company's website (www.sandu.in) and on BSE Ltd.'s website (www.bseindia.com). Printed copies were available upon request.
Attendance
Directors Present through Video Conference:
- Shri Balram Viswanathan (DIN: 10245195) - Chairman & Managing Director
- Shri Ajit R Kantak (DIN: 10269866) - Non Executive, Independent Director
- Shri Vijay Kottapalli (DIN: 10245156) - Non Executive, Independent Director
- Smt. Jayshree Sandu (DIN: 07480177) - Non Executive, Non Independent Director
- Shri Shashank Sandu (DIN: 00678098) - Non Executive, Non Independent Director
- Smt. Dr Neeti Madan Kapre (DIN: 06801264) - Non Executive, Independent Director
Other Attendees:
- Statutory Auditor: M/s Dileep and Prithvi represented by CA Himmat Mali
- Secretarial Auditor: CS Swapnil Dixit
- Internal Auditors: CA Akhil Pai (Goa) and CA Uday Bapat (Mumbai)
- Cost Auditor: M/s. Shekhar Joshi & Co
- Chief Financial Officer: Shri Vijay Kajarekar
- Company Secretary: Smt Pratika Mhambray
Meeting Proceedings
The Statutory Register and Records were kept open for inspection at the Registered Office. The Notice of the Meeting and Auditors' Report were taken as read with shareholders' consent. The Company Secretary confirmed that the Statutory Auditors Report and Secretarial Audit Report form part of the Annual Report.
Shri Balram Viswanathan chaired the meeting and confirmed requisite quorum. Shareholders were provided facility to put forth queries and views through VC, which were responded to by the Chairman.
Voting Process
Remote e-voting facility was arranged from 10:00 AM on September 8, 2026, till 05:00 PM on September 10, 2026. Shareholders who did not vote during this period were allowed to vote post-AGM through National Securities Depository Ltd (NSDL). The Scrutinizer, Shri Swapnil Dixit (Practicing Company Secretary), would scrutinize votes and submit his report within two days from meeting conclusion.
Resolutions Passed
Ordinary Business:
1. Adoption of Audited Standalone Financial Statements for FY ended March 31, 2026
2. Reappointment of Smt. Jayshree Sandu (DIN: 07480177) who retires by rotation as Director
3. Declaration of Dividend on Equity Shares for FY ended March 31, 2026
4. Appointment of M/S. Dave & Dave, Chartered Accountants, as Statutory Auditors for a term of 5 years
Special Business:
5. Ratification of Cost Auditor's Remuneration
6. Approval of Material Related Party Transactions with Sandu Brothers Private Limited
7. Redesignation of Shri Balram Viswanathan (DIN: 10245195) as Chairman and Managing Director
8. Appointment of Smt. Dr Neeti Madan Kapre (DIN: 06801264) as Non Executive Independent Director
Results Disclosure
The results considering both remote e-voting and e-voting during the meeting will be declared not later than two working days after AGM closure. The consolidated Scrutinizer's Report will be placed on the Company's website and NSDL website, and results will be intimated to Stock Exchanges.
Post-Meeting Procedures
The consolidated voting results along with scrutinizer's report will be disseminated through stock exchanges and placed on www.sandu.in within 48 hours from meeting conclusion. The remote e-voting window remained open for 30 minutes after meeting conclusion for members who hadn't voted earlier.
The meeting concluded at 05:01 PM with a vote of thanks to all participants.