Event Details

Shanthi Gears Limited will hold its 53rd Annual General Meeting (AGM) on Wednesday, 29th July, 2026 at 4:30 p.m. (IST) through Video Conferencing (VC) / Other Audio-Visual Means (OAVM) in compliance with MCA and SEBI circulars. The deemed venue for the e-AGM is the registered office of the Company at 304-A, Trichy Road, Singanallur, Coimbatore - 641005, Tamil Nadu.

Ordinary Business

1. Adoption of Financial Statements

To consider and adopt the Audited Financial Statements for the financial year ended 31st March 2026, together with the Reports of the Board of Directors and Auditors.

2. Declaration of Dividend

To declare a final dividend of ₹2 per share (200%) for FY 2025-26. Together with the interim dividend of ₹3 per share (300%) already paid, the total dividend for FY 2025-26 will be ₹5 per share (500%).

Dividend Details:

  • Final dividend: ₹2 per share (200%)
  • Interim dividend already paid: ₹3 per share (300%)
  • Total dividend for FY 2025-26: ₹5 per share (500%)
  • Cut-off date for dividend payment: 17th July 2026
  • Dividend payment date: On or before 27th August 2026

3. Re-appointment of Director

To re-appoint Mr. Mukesh Ahuja (DIN: 09364667) as Director who retires by rotation.

Special Business

4. Commission to Non-Executive Directors

To approve payment of commission to Non-Executive Directors (excluding Managing Director/Manager) not exceeding 1% of net profits computed under Section 198 of Companies Act, 2013 for each financial year from FY 2025-26 to FY 2029-30. The Board will decide the quantum and distribution among directors.

5. Appointment of Independent Director

To appoint Mr. K Ilango (DIN: 00124115) as Non-Executive Independent Director for a term of 5 years from 05th May 2026 to 04th May 2031. He has submitted the required declaration of independence and is registered in the databank as required under Rule 6 of the Companies (Appointment and Qualification of Directors) Rules, 2014.

6. Commission to Non-Executive Chairman

To approve payment of commission of ₹1,00,00,000 (One Crore Only) to Mr. M A M Arunachalam (DIN: 00202958), Non-Executive Chairman, for FY 2025-26. This exceeds 50% of total remuneration to all Non-Executive Directors and 1% of net profits computed under Section 198 of the Companies Act, 2013.

7. Ratification of Cost Auditor Remuneration

To ratify remuneration of ₹80,000 plus applicable taxes to Mr. B Venkateswar, Cost Accountant (Membership No. 27622, Registration No. 100753) for conducting cost audit for FY 2026-27.

Voting Information

Cut-off date: Wednesday, 22nd July 2026

Remote e-voting period:

  • Commences: Sunday, 26th July 2026 at 9:00 am IST
  • Ends: Tuesday, 28th July 2026 at 5:00 pm IST

E-voting service provider: National Securities Depository Limited (NSDL)

Scrutinizer: Mr. R Sridharan (FCS 4775) of M/s. R Sridharan & Associates

Dividend Tax Information

  • Dividend income taxable in shareholders' hands w.e.f. April 1, 2020
  • TDS applicable at prescribed rates under Finance Act, 2020
  • Resident shareholders: 10% TDS if dividend exceeds ₹5,000 annually
  • Higher rate of 20% if PAN not registered/valid
  • Deadline for submitting Form 15G/15H: 05th August 2026

Shareholder Compliance Requirements

  • Mandatory PAN-Aadhaar linking for valid PAN
  • Physical shareholders must submit Form ISR-1, ISR-2, SH-13 or ISR-3 for KYC details
  • Folios without valid PAN/KYC details will be frozen
  • After December 31, 2025, frozen folios will be referred to Benami Transactions/PMLA authorities
  • All securities issuance will be in dematerialized form only

Document Availability

The Notice of AGM and Annual Report have been dispatched to eligible shareholders via email on 06th July 2026 and are available on the company's website https://www.shanthigears.com/ and stock exchange websites.