Meeting Details

  • Date: Friday, July 31, 2026
  • Time: 10:00 AM to 11:15 AM (IST)
  • Type: Annual General Meeting (AGM)
  • Mode: Conducted through Video Conferencing and Other Audio-Visual Means (VC/OAVM)
  • Deemed Venue: Registered Office at 139/25, Ring Road, Domlur, Bengaluru - 560 071

Proposed Resolutions and Implications

Five resolutions were proposed and approved:

Ordinary Business:

1. Adoption of Audited Financial Statements for FY ended March 31, 2026, including consolidated financial statements and reports of Board of Directors and auditors

2. Declaration of Final Dividend of ₹13 per equity share of ₹10 each for FY ended March 31, 2026

3. Re-appointment of Mr. Pranabh D. Mody (DIN: 00035505) as Director who retired by rotation

4. Re-appointment of M/s. M S K A & Associates LLP, Chartered Accountants, as Statutory Auditors for five years from conclusion of 38th AGM till conclusion of 43rd AGM

Special Business:

5. Appointment of Mr. V. Suryanarayanan (DIN: 05187922) as Independent Director for up to 5 years

Voting Process and Methods

The voting process utilized two methods:

  • Remote e-voting: Opened Sunday, July 26, 2026 (9:00 AM IST) and closed Thursday, July 30, 2026 (5:00 PM IST)
  • Electronic voting (e-voting) at AGM: For shareholders present at AGM who had not voted via remote e-voting
  • Cut-off date for determining voting eligibility: Friday, July 24, 2026
  • E-voting facility provided by: National Securities Depository Limited (NSDL)
  • Scrutinizer: Gopalakrishnaraj H H, Company Secretary (FCS: 5654; CP: 4152) of Gopalakrishnaraj H H & Associates

Key Voting Outcomes

Overall Participation:

  • Total shareholders on record date: 28,159
  • Shareholders present in meeting: 27 (all public category)
  • No promoters or promoter group members attended
  • Total resolutions passed: 5

Resolution-wise Results:

Resolution 1 - Adoption of Financial Statements:

  • Total votes polled: 6,488,975 (42.73% of outstanding shares)
  • In favor: 6,488,778 votes (99.9970%)
  • Against: 197 votes (0.0030%)
  • Invalid votes: None

Resolution 2 - Final Dividend Declaration:

  • Total votes polled: 6,489,963 (42.74% of outstanding shares)
  • In favor: 6,489,766 votes (99.9970%)
  • Against: 197 votes (0.0030%)
  • Invalid votes: None

Resolution 3 - Re-appointment of Director (Pranabh D. Mody):

  • Total votes polled: 6,489,923 (42.73% of outstanding shares)
  • In favor: 6,477,823 votes (99.8136%)
  • Against: 12,100 votes (0.1864%)
  • Invalid votes: None

Resolution 4 - Re-appointment of Statutory Auditors:

  • Total votes polled: 6,489,956 (42.74% of outstanding shares)
  • In favor: 6,489,542 votes (99.9936%)
  • Against: 414 votes (0.0064%)
  • Invalid votes: None

Resolution 5 - Appointment of Independent Director (V. Suryanarayanan):

  • Total votes polled: 6,489,963 (42.74% of outstanding shares)
  • In favor: 6,489,669 votes (99.9955%)
  • Against: 294 votes (0.0045%)
  • Invalid votes: None

Category-wise Voting Breakdown:

Promoter and Promoter Group:

  • Shares held: 6,522,756
  • Votes polled: 6,118,222 (93.80% of shares held)
  • Voted 100% in favor of all resolutions

Public Institutions:

  • Shares held: 3,102,067
  • Votes polled: 61,560 (1.98% of shares held)
  • Voted 100% in favor of all resolutions except Resolution 3 (80.92% in favor, 19.08% against)

Public Non-Institutions:

  • Shares held: 5,561,648
  • Votes polled: 310,181 (5.58% of shares held)
  • Voted predominantly in favor with minor opposition:
  • Resolution 1: 99.94% in favor, 0.06% against
  • Resolution 2: 99.94% in favor, 0.06% against
  • Resolution 3: 99.89% in favor, 0.11% against
  • Resolution 4: 99.87% in favor, 0.13% against
  • Resolution 5: 99.91% in favor, 0.09% against

Scrutinizer's Role and Findings

Gopalakrishnaraj H H was appointed as Scrutinizer by the Board of Directors on May 8, 2026. The scrutinizer ensured fair and transparent voting processes for both remote e-voting and e-voting at the AGM. Votes were unblocked and downloaded from NSDL's e-voting website in the presence of two witnesses (Harish and Vidya B) who are not employees of the company. The scrutinizer confirmed that all resolutions secured the requisite majority of votes and recommended they be considered passed.

Compliance Confirmation

The voting process complied with:

  • Section 109 of the Companies Act, 2013
  • Rule 21(2) of the Companies (Management and Administration) Rules, 2014
  • Section 108 of the Companies Act, 2013
  • Rule 20 of the Companies (Management and Administration) Rules, 2014
  • General Circular No. 09/2023 dated September 25, 2023 (MCA)
  • General Circular No. 03/2025 dated September 22, 2025 (MCA)
  • SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2023/167 dated October 7, 2023
  • Regulation 44(3) of SEBI (LODR) Regulations, 2015

Additional Information

  • NSE Symbol: SASKEN
  • Electronic data and voting records remain in scrutinizer's custody until Chairman approves and signs meeting minutes
  • Total outstanding shares: 15,186,471