Sangam India 40th AGM Approves ₹2 Dividend

Meeting Details

The 40th Annual General Meeting (AGM) of Sangam (India) Limited was held on Monday, June 29, 2026, through Video Conferencing/Other Audio Visual Means (VC/OAVM).

Timing: Commenced at 11:30 AM IST and concluded at 12:05 PM IST (duration: 35 minutes)

Deemed Venue: Registered Office of the Company at Atun, Chittorgarh Road, Bhilwara-311001 (Rajasthan)

Platform: Zoom platform provided by Central Depository Services (India) Limited (CDSL)

Attendance

Directors Present:

• Shri Anurag Soni (DIN: 03407094) - Managing Director, Chairman of Risk Management Committee, Member of Audit Committee (from Bhilwara)
• Shri V.K. Sodani (DIN: 00403740) - Executive Director, Member of Risk Management Committee (from Bhilwara)
• Shri Dinesh Chander Patwari (DIN: 10060352) - Non-Executive Independent Director, Chairman of Audit Committee, Member of Nomination & Remuneration Committee, Member of Stakeholder Relationship Committee (from Mumbai)
• Shri Upendra Prasad Singh (DIN: 00354985) - Non-Executive Independent Director, Chairman of Nomination & Remuneration Committee, Member of Audit Committee, Member of Risk Management Committee (from Noida)

Other Representatives:

• Shri S.R. Dakhera - Chief Financial Officer (from Bhilwara)
• Shri Arjun Agal - Company Secretary (from Bhilwara)
• Smt. Deepa Rathi - Partner, R. Kabra & Co. LLP, Chartered Accountants (Statutory Auditors, from Mumbai)
• Shri Abhishek Dad - Partner, O.P. Dad & Co., Chartered Accountants (Statutory Auditors, from Bhilwara)
• Shri B.K. Sharma - Proprietor, B.K. Sharma & Associates, Company Secretaries (Secretarial Auditors and Scrutinizer, from Jaipur)

Shareholder Attendance:

Total of 99 members attended through Video Conferencing:

• Promoter & Promoter Group: 14 shareholders
• Public: 85 shareholders

Meeting Proceedings

Shri R.P. Soni, Chairman of the Company, was unable to attend due to unavoidable circumstances. The directors present elected Shri Anurag Soni, Managing Director, as Chairman for the 40th AGM.

The Company Secretary confirmed that requisite quorum was present as prescribed under the Companies Act, 2013.

Remote e-voting was provided through CDSL portal from June 25, 2026 (9:00 AM) to June 28, 2026 (5:00 PM). E-voting facility was also available during the AGM for members who had not exercised remote e-voting.

The Notice of the 40th AGM and Annual Report with financial statements were taken as read since they had been circulated to members. All statutory and secretarial audit reports for FY2025-26 contained no qualifications, reservations, or adverse remarks.

The Chairman delivered a speech briefing shareholders on company performance across business segments and future outlook.

Business Transacted

The following items from the Notice dated April 22, 2026 were transacted:

ORDINARY BUSINESS:

1. Adoption of audited financial statements (standalone and consolidated) for FY ended March 31, 2026, and reports of Board of Directors and Auditors

2. Declaration of Dividend of ₹2 per equity share for FY ended March 31, 2026

3. Re-appointment of Mr. R.P. Soni (DIN: 00401439) as Director liable to retire by rotation

SPECIAL BUSINESS:

4. Authorization to Board of Directors to borrow money not exceeding ₹3000 crores under Section 180(1)(c) of Companies Act, 2013

5. Authorization to Board of Directors for Creation of Security on increased Borrowing Power under Section 180(1)(a) of Companies Act, 2013

6. Ratification of Remuneration of Cost Auditors for Financial Year 2026-27

Shareholder Interaction

Four speaker shareholders participated: Mr. Yusuf Yunus Rangwala, Mr. Sujan Modak, Mr. Himanshu Trivedi, and Mr. Praveen Kumar. Their queries were addressed by Mr. Anurag Soni, Managing Director.

Voting and Scrutiny

Mr. B.K. Sharma of B.K. Sharma & Associates was appointed as Scrutinizer to scrutinize votes cast during the AGM and remote e-voting. The consolidated Scrutinizer's Report and voting results will be submitted to stock exchanges within prescribed timelines under Regulation 44 of SEBI (LODR) Regulations, 2015.

Voting lines remained open during the meeting and for 30 minutes after conclusion for members who had not voted during the remote e-voting period.

The results will be uploaded on the company website, CDSL website, and stock exchange websites.

Conclusion

The meeting concluded with expressions of gratitude to all stakeholders and shareholders.