Meeting Details

The 40th AGM of Shiva Cement Limited was held on Friday, July 17, 2026, commencing at 3:00 PM and concluding at 4:37 PM IST. The meeting was conducted through video conferencing and other audio-visual means without physical attendance of members.

Attendance

Total 53 members (including authorized representatives) attended the meeting. From the promoter and promoter group: 2 members attended through VC. From public shareholders: 51 members attended through VC.

Total number of shareholders on record date (July 10, 2026): 56,088

Key Participants

  • Mr. Manoj Kumar Rustagi (Whole-time Director & CEO)
  • Mr. Jagdish Toshniwal (Non-Executive, Independent Director)
  • Mr. Sanjay Sharma (Non-Executive, Independent Director)
  • Ms. Sudeshna Banerjee (Non-Executive, Independent Director)
  • Mr. Narinder Singh Kahlon (Non-Executive, Non-Independent Director)
  • Shouvik Chakraborty (Non-Executive, Non-Independent Director)
  • Ms. Ishika Sharma (Company Secretary & Compliance Officer)
  • Mr. Heneel Patel (Representative of Statutory Auditor M/s. Shah Gupta & Co.)
  • Ms. Meghana Mhatre (Scrutinizer, Meghana Mhatre & Associates)
  • Mr. Sunil Agrawal (Representative of Secretarial Auditor SR Agarwal & Associates)

Chairman Appointment

Mr. Jagdish Toshniwal was appointed as Chairman for the AGM through an insta-poll e-voting which was passed by majority with 100% votes in favor (196,441,956 shares).

Business Transacted

Three ordinary resolutions were considered and passed:

Resolution 1: Adoption of Audited Financial Statements

  • To receive, consider and adopt the Audited Financial Statements for FY ended March 31, 2026 along with Reports of Board of Directors and Auditors
  • Total votes polled: 195,751,541 shares (66.3565% of outstanding shares)
  • Votes in favor: 195,751,285 shares (99.9999% of votes polled)
  • Votes against: 256 shares (0.0001% of votes polled)

Resolution 2: Re-appointment of Director

  • To appoint director in place of Shouvik Chakraborty (DIN: 10406430) who retires by rotation
  • Total votes polled: 195,753,041 shares (66.3570% of outstanding shares)
  • Votes in favor: 195,734,075 shares (99.9903% of votes polled)
  • Votes against: 18,966 shares (0.0097% of votes polled)

Resolution 3: Approval of Cost Auditor Remuneration

  • Approval of remuneration payable to M/s. Kishore Bhatia & Associates, Cost Accountants, for FY ending March 31, 2027
  • Total votes polled: 195,751,541 shares (66.3565% of outstanding shares)
  • Votes in favor: 195,744,625 shares (99.9965% of votes polled)
  • Votes against: 6,916 shares (0.0035% of votes polled)

Voting Process

The company provided remote e-voting facility from Tuesday, July 14, 2026 at 9:00 AM IST to Thursday, July 16, 2026 at 5:00 PM IST through KFin Technologies Limited. E-voting was also available during the AGM for those who hadn't voted remotely.

Ms. Meghana Mhatre, Practicing Company Secretary, was appointed as Scrutinizer for both the remote e-voting process and voting at the AGM.

Chairman's Address

The Chairman delivered a formal address covering overview of the financial performance for FY ended March 31, 2026 and future outlook. The Statutory and Secretarial Auditors' Reports were noted to have no qualifications, observations or adverse remarks.

Documents Submitted

The filing includes:

  • Proceedings as required under Regulation 30, Part A of Schedule III of Listing Regulations
  • Voting results as required under Regulation 44 of Listing Regulations
  • Scrutinizer's Report for Chairman appointment insta-poll e-voting
  • Scrutinizer's Report for business transacted at AGM
  • Copy of Annual Report for FY 2025-26

All documents are available on the company's website and the website of KFin Technologies Limited.