Savera Industries Limited held its 57th Annual General Meeting (AGM) on Friday, September 18, 2026, at 02:45 PM IST through Video Conferencing/Other Audio Visual Means. The meeting concluded at 4:28 PM IST.
The meeting was conducted in compliance with multiple circulars issued by the Ministry of Corporate Affairs (General Circular Nos. 20/2020, 14/2020, 17/2020, 33/2020, 39/2020, 02/2021, 21/2021, and 2/2022) and SEBI circulars dated May 12, 2020, January 15, 2021, May 13, 2022, and January 5, 2023, as well as the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Meeting Proceedings
The permanent Chairman, Dr. C. Palanivelu, informed about his poor health and was unable to act as Chairman. Mrs. A Nivruti, Director, proposed Mrs. Nina Reddy as Chairman, which was seconded by Mr. A. Tarun Reddy, Director. Mrs. Nina Reddy subsequently chaired the meeting.
All Directors attended the meeting through video conferencing. Mr. CH. Mahesh Kumar, Chief Financial Officer, attended from the registered office. The Statutory Auditors, M/s. S.Venkatram & Co., LLP, and Secretarial Auditors, M/s. M. Francis & Associates, Practicing Company Secretaries, were also present, with the Scrutinizers at the Registered Office and through video conferencing respectively.
Voting Process
The company provided facility for members to cast votes electronically through Central Depository Services (India) Limited (CDSL) system before the meeting. Remote e-voting facility was also made available during the AGM for members who had not cast votes earlier.
M/s. M. Francis & Associates, Practicing Company Secretaries, were appointed as Scrutinizer to scrutinize votes cast during the meeting and through remote e-Voting.
Resolutions Voted On
The following four ordinary resolutions were put to vote by remote e-voting and e-voting during the meeting:
1. Adoption of Standalone Audited Financial Statements for the year ended March 31, 2026, together with reports of Directors and Auditors
2. Declaration of Dividend
3. Re-appointment of Mrs. A Nivruti as a Director
4. Appointment of Independent Director Mr. S Karthikei Balan
Member Interaction
Members were given opportunity to express views, ask questions, and seek clarifications on company performance and resolutions. The Chairperson and Company Secretary responded to queries raised by members.
Results Declaration
The Company Secretary was authorized to accept and countersign the Scrutinizer's Report and declare consolidated voting results. The combined results of remote e-voting (before and during AGM) were to be announced within two working days of meeting conclusion and intimated to the Stock Exchange and placed on the company website.
The e-voting facility remained open for 15 minutes after the meeting to enable members to cast votes.