Sharda Motor 41st AGM Voting Results September 2026

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

Sharda Motor Industries Limited

Meeting Details

The 41st Annual General Meeting of the Company was held on September 24, 2026, at 12:00 Noon (IST) through video conferencing (VC)/other audio-visual means (OAVM). The cut-off date for determining members entitled to vote was September 18, 2026.

Proposed Resolutions and Implications

The AGM considered eight resolutions:

1. Adoption of audited standalone financial statements for FY ended March 31, 2026, with reports of Board of Directors and Auditors

2. Adoption of audited consolidated financial statements for FY ended March 31, 2026, with Auditors' report

3. Declaration of final dividend for financial year 2025-26

4. Re-appointment of Shri Kishan N Parikh (DIN: 00453209) as Director retiring by rotation

5. Re-appointment of Shri Ajay Relan as Whole Time Director designated as "Executive Chairperson"

6. Special resolution for payment of remuneration to Shri Ajay Relan in excess of threshold limits under SEBI LODR Regulation 17(6)(e)

7. Special resolution for payment of remuneration by way of commission to Shri Navin Paul, Non-Executive Independent Director

8. Ratification of remuneration to be paid to Gurdeep Singh & Associate, Cost Auditors

Voting Process and Methods

The voting was conducted through:

• Remote e-voting period: September 21, 2026 (9:00 AM) to September 23, 2026 (5:00 PM) via CDSL's platform (https://www.evotingindia.com/)
• E-voting facility at the AGM for members attending through VC/OAVM who did not participate in remote e-voting

Key Voting Outcomes

Shareholder Participation

• Total shareholders on record date: 40,775
• Total shares on record date: 57,40,77,06
• Total votes cast: 44,87,71,30 shares (78.17% participation)

Resolution-wise Results:

Resolution 1 (Ordinary - Standalone Financials)

• Total valid votes: 44,87,71,30 (100% approval)
• Promoter & Promoter Group: 36,38,572 votes (100% for)
• Public Institutions: 78,13,407 votes (100% for)
• Public Others: 6,77,997 votes (99.98% for, 0.02% against)

Resolution 2 (Ordinary - Consolidated Financials)

• Total valid votes: 44,87,71,30 (100% approval)
• Promoter & Promoter Group: 36,38,572 votes (100% for)
• Public Institutions: 78,13,407 votes (100% for)
• Public Others: 6,77,997 votes (99.98% for, 0.02% against)

Resolution 3 (Ordinary - Final Dividend)

• Total valid votes: 44,87,71,32 (100% approval)
• Promoter & Promoter Group: 36,38,572 votes (100% for)
• Public Institutions: 78,13,407 votes (100% for)
• Public Others: 6,77,999 votes (99.98% for, 0.15% against)

Resolution 4 (Ordinary - Reappointment of Kishan N Parikh)

• Total valid votes: 44,87,71,30 (99.53% approval, 0.47% against)
• Promoter & Promoter Group: 36,38,572 votes (100% for)
• Public Institutions: 78,13,407 votes (97.29% for, 2.71% against)
• Public Others: 6,77,997 votes (99.82% for, 0.18% against)

Resolution 5 (Ordinary - Reappointment of Ajay Relan)

• Total valid votes: 44,87,71,30 (95.86% approval, 4.14% against)
• Promoter & Promoter Group: 36,38,572 votes (100% for)
• Public Institutions: 78,13,407 votes (76.24% for, 23.76% against)
• Public Others: 6,77,997 votes (99.82% for, 0.18% against)

Resolution 6 (Special - Excess Remuneration for Ajay Relan)

• Total valid votes: 44,87,71,30 (95.80% approval, 4.20% against)
• Promoter & Promoter Group: 36,38,572 votes (100% for)
• Public Institutions: 78,13,407 votes (75.89% for, 24.11% against)
• Public Others: 6,77,997 votes (99.82% for, 0.18% against)

Resolution 7 (Special - Commission to Navin Paul)

• Total valid votes: 44,87,71,30 (99.57% approval, 0.43% against)
• Promoter & Promoter Group: 36,38,572 votes (100% for)
• Public Institutions: 78,13,407 votes (97.54% for, 2.46% against)
• Public Others: 6,77,997 votes (99.82% for, 0.18% against)

Resolution 8 (Ordinary - Cost Auditors Remuneration)

• Total valid votes: 44,87,71,30 (99.99% approval, 0.01% against)
• Promoter & Promoter Group: 36,38,572 votes (100% for)
• Public Institutions: 78,13,407 votes (100% for)
• Public Others: 6,77,997 votes (99.95% for, 0.05% against)

Scrutinizer's Role and Findings

CS Vineet K Chaudhary of M/s VKC & Associates was appointed as Scrutinizer to scrutinize the remote e-voting process and e-voting at the AGM. The scrutinizer confirmed:

• 224 voters participated through e-voting facility with 44,877,130 votes cast
• All resolutions were carried with requisite majority
• The electronic data and relevant documents were under the scrutinizer's safe custody and would be handed over to the Company for preservation after the Chairman approves and signs the AGM minutes

Compliance Confirmation

The voting process complied with:

• Section 108 and other applicable provisions of the Companies Act, 2013
• Rule 20 of the Companies (Management and Administration) Rules, 2014
• MCA Circulars dated April 8, 2020; April 13, 2020; May 5, 2020; January 13, 2021; December 8, 2021; December 14, 2021; May 5, 2022; December 28, 2022; September 25, 2023; September 19, 2024; and September 22, 2025
• Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
• Relevant SEBI Circulars

Additional Information

The voting results and scrutinizer's report are available on the company's website (www.shardamotor.com) and CDSL's website (https://www.evotingindia.com/noticeResults.jsp). Newspaper advertisements were published in Financial Express (English) and Vir Arjun (Hindi) on August 25, 2026, and September 2, 2026.