Event Details

The 53rd Annual General Meeting of Shanthi Gears Limited was held on Wednesday, 29th July, 2026 at 4.30 PM (IST) through Video Conferencing / Other Audio Visual Means (OAVM). All seven resolutions presented at the meeting were passed with requisite majority.

Voting Participation Statistics

  • Record Date: 22nd July, 2026
  • Total number of shareholders on record date: 29,221
  • Shareholders present in meeting: 48 (1 Promoter/Promoter Group + 47 Public)
  • Shareholders attended through video conferencing: 48 (1 Promoter/Promoter Group + 47 Public)
  • Total shares outstanding: 76,715,853
  • Total votes polled: 63,098,808 shares (82.2500% participation rate)

Resolution-wise Voting Results

Resolution 1: Adoption of Audited Financial Statements (Ordinary Resolution)

  • Description: Adoption of Audited Financial Statements for FY ended 31st March, 2026, Reports of Board of Directors and Independent Auditors
  • Result: PASSED
  • Total votes in favor: 63,098,804 (100.0000% of votes polled)
  • Total votes against: 4 (0.0000% of votes polled)
  • Promoter voting: 54,057,475 in favor (100.0000%)
  • Institutional voting: 2,304,971 in favor (100.0000%)
  • Non-institutional voting: 6,736,358 in favor (99.9999%), 4 against (0.0001%)

Resolution 2: Declaration of Dividend (Ordinary Resolution)

  • Result: PASSED
  • Total votes in favor: 63,098,754 (99.9999% of votes polled)
  • Total votes against: 54 (0.0001% of votes polled)
  • Promoter voting: 54,057,475 in favor (100.0000%)
  • Institutional voting: 2,304,971 in favor (100.0000%)
  • Non-institutional voting: 6,736,308 in favor (99.9992%), 54 against (0.0008%)

Resolution 3: Re-appointment of Mr. Mukesh Ahuja as Director (Ordinary Resolution)

  • Result: PASSED
  • Total votes in favor: 63,097,986 (99.9988% of votes polled)
  • Total votes against: 772 (0.0012% of votes polled)
  • Promoter voting: 54,057,475 in favor (100.0000%)
  • Institutional voting: 2,304,971 in favor (100.0000%)
  • Non-institutional voting: 6,735,540 in favor (99.9885%), 772 against (0.0115%)

Resolution 4: Commission to Non-Executive Directors (Special Resolution)

  • Description: Commission payable to Non-Executive Directors for FY 2025-26 to FY 2029-30
  • Result: PASSED (requires 3x majority)
  • Total votes in favor: 63,094,128 (99.9927% of votes polled)
  • Total votes against: 4,630 (0.0073% of votes polled)
  • Promoter voting: 54,057,475 in favor (100.0000%)
  • Institutional voting: 2,304,905 in favor (99.9971%), 66 against (0.0029%)
  • Non-institutional voting: 6,731,748 in favor (99.9322%), 4,564 against (0.0678%)

Resolution 5: Appointment of Mr. K Ilango as Independent Director (Special Resolution)

  • Result: PASSED (requires 3x majority)
  • Total votes in favor: 63,098,504 (99.9999% of votes polled)
  • Total votes against: 4 (0.0001% of votes polled)
  • Promoter voting: 54,057,475 in favor (100.0000%)
  • Institutional voting: 2,304,971 in favor (100.0000%)
  • Non-institutional voting: 6,736,058 in favor (99.9999%), 4 against (0.0001%)

Resolution 6: Commission to Mr. M A M Arunachalam (Special Resolution)

  • Description: Payment of commission to Mr. M A M Arunachalam for FY 2025-26
  • Promoter interest: Yes (promoter group interested in this resolution)
  • Result: PASSED (requires 3x majority)
  • Total votes in favor: 60,774,666 (96.3167% of votes polled)
  • Total votes against: 2,324,092 (3.6833% of votes polled)
  • Promoter voting: 54,057,475 in favor (100.0000%)
  • Institutional voting: 175 in favor (0.0076%), 2,304,796 against (99.9924%)
  • Non-institutional voting: 6,717,016 in favor (99.7136%), 19,296 against (0.2864%)

Resolution 7: Ratification of Cost Auditor Remuneration (Ordinary Resolution)

  • Result: PASSED
  • Total votes in favor: 63,095,104 (99.9941% of votes polled)
  • Total votes against: 3,704 (0.0059% of votes polled)
  • Promoter voting: 54,057,475 in favor (100.0000%)
  • Institutional voting: 2,304,971 in favor (100.0000%)
  • Non-institutional voting: 6,732,658 in favor (99.9450%), 3,704 against (0.0550%)

Scrutinizer Report Details

  • Scrutinizer: Mr. R Sridharan, Practicing Company Secretary (FCS No. 4775, CP No. 3239)
  • Appointment: By Board resolution dated 5th May 2026
  • Voting Period: Remote e-voting from 26th July 2026 (9:00 AM) to 28th July 2026 (5:00 PM)
  • E-voting during AGM: 29th July 2026 at 4:30 PM
  • The scrutinizer confirmed all resolutions passed with requisite majority and handed over electronic voting data to the Company Secretary