Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Saurashtra Cement Limited

Meeting Details

The 68th Annual General Meeting was held on Wednesday, 23rd September 2026 at 4:00 p.m. (IST) through Video Conferencing (VC)/Other Audio Visual Means (OAVM). The meeting was conducted in compliance with applicable circulars issued by the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI).

The meeting commenced at 4:00 p.m. and concluded at 5:00 p.m., remaining open for an additional 15 minutes to enable members to complete the e-voting process.

Voting Process

The Company provided remote e-voting facility to members which commenced on Sunday, 20th September 2026 at 9:00 a.m. (IST) and ended on Tuesday, 22nd September 2026 at 5:00 p.m. (IST). Members attending the AGM through VC/OAVM who had not voted earlier were also provided an opportunity to vote electronically during the AGM.

The Board of Directors appointed Mr. Sachin Ahuja, Proprietor of M/s. Sachin Ahuja & Associates (Firm Registration No. 133448W), Practising Chartered Accountant, as the Scrutinizer to scrutinize the remote e-voting process and the e-voting conducted during the AGM.

Resolutions and Outcomes

The following six resolutions were placed before members for consideration and approval through remote e-voting and voting during the AGM:

Ordinary Business:

  • Item 1: Adoption of Audited Standalone and Consolidated Financial Statements for the Financial Year ended 31st March 2026 and Directors' and Auditors' Report thereon - Passed with requisite majority (Ordinary Resolution)
  • Item 2: Re-appointment of Mr. Hemang Dhirendra Mehta (DIN: 00146580), Non-Executive, Non-Independent Director who retires by rotation - Passed with requisite majority (Ordinary Resolution)

Special Business:

  • Item 3: Appointment and remuneration of Cost Auditors for the Financial Year ending 31st March 2027 - Passed with requisite majority (Ordinary Resolution)
  • Item 4: Modification of the term of appointment of M/s. Manubhai & Shah LLP, Chartered Accountants (Firm Registration No. 106041W/W100136), as Statutory Auditors - Passed with requisite majority (Ordinary Resolution)
  • Item 5: Re-appointment of Mr. M. S. Gilotra (DIN: 00152190) as Managing Director of the Company for a further period of one year from 1st January 2027 to 31st December 2027 and approval of payment of remuneration thereof - Passed with requisite majority (Special Resolution)
  • Item 6: Approval for payment of commission to Mr. Jay Mehta, Chairman (Non-Executive, Non-Independent Director) - Passed with requisite majority (Special Resolution)

Attendance and Participation

The meeting was attended by 89 members and the requisite quorum was maintained throughout the meeting.

Mr. Jay Mehta, Non-Executive Chairman of the Company, chaired the proceedings. The following attendees were present:

  • Mr. M. S. Gilotra, Managing Director
  • Independent Directors: Mr. Viren Merchant, Mr. Ashwani Kumar, Mr. M. N. Sarma, Mr. Aman Khanna, and Mrs. Radhika Samarjitsinh Gaekwad
  • Chief Financial Officer, Company Secretary, Statutory Auditor, and Scrutinizer

The senior leadership team also attended the meeting through VC/OAVM.

Mr. Hemang Mehta and Mr. Hemnabh Khatau were unable to attend the meeting and had requested leave of absence.

Business Discussion and Member Queries

The Chairman provided an overview of the business environment and the Company's performance during financial year 2025-26 compared with the previous financial year. He also apprised members of the Company's strategic priorities, operational developments, and continued focus on sustainability and community engagement.

Three members raised queries relating to the Company's financial performance and other relevant matters. The Managing Director provided the requisite clarifications and responses to these queries.

Compliance and Reporting

The Company Secretary informed members that the Reports of the Statutory Auditor and Secretarial Auditor contained no qualifications, observations, comments, or remarks requiring any explanation from the Board of Directors.

The Chairman informed members that the consolidated results of the remote e-voting and e-voting conducted during the AGM, based on the Scrutinizer's Report, would be declared within the prescribed period and submitted to the Stock Exchanges in accordance with applicable provisions of the SEBI Listing Regulations. The results, together with the Scrutinizer's Report, would also be made available on the website of the Company and on the website of NSDL.