SIP Industries Limited has submitted a Revised Scrutinizer's Report to BSE Limited, dated October 22, 2026, pursuant to Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This report supersedes the original Scrutinizer's Report dated October 09, 2026, which was filed following the company's 36th Annual General Meeting (AGM) held on October 07, 2026.
The revision was necessitated by an error in the original report where the description for Item No. 2 was incorrectly stated as "Reappointment of Mr. Samiayya Arularasan - Managing Director" instead of the correct description "Re-appointment of Mr. Nangavaram Mahadevan Ranganathan - Non-Executive Director". The company emphasizes that this was an inadvertent error and that there is no change in the number of votes cast, the voting results, or the outcome of any resolution as reported earlier.
The scrutinizer for the voting process was Ms. Aishwarya N of KRA & Associates, Practicing Company Secretaries, who was appointed by the Board of Directors at its meeting on September 08, 2026. The AGM was initially scheduled for September 30, 2026, but was adjourned due to lack of quorum and subsequently held on October 07, 2026.
The remote e-voting process was conducted through the National Securities Depository Ltd. (NSDL) platform. It commenced at 09:00 A.M. on September 27, 2026, and ended at 05:00 P.M. on September 29, 2026. The votes were unblocked on September 30, 2026, in the presence of two independent witnesses: Mr. R. Santhana Gopala Krishnan and Ms. S. Thirumamagal.
Voting Results
All resolutions were passed with the requisite majority:
Resolution 1 - Ordinary Business (Ordinary Resolution): Adoption of the audited financial statements for the year ended March 31, 2026.
- Total votes in favour: 31,965 (77.43%)
- Total votes against: 9,320 (22.57%)
- Invalid votes: 0
Resolution 2 - Ordinary Business (Ordinary Resolution): Re-appointment of Mr. Nangavaram Mahadevan Ranganathan as Non-Executive Director.
- Total votes in favour: 31,965 (77.43%)
- Total votes against: 9,320 (22.57%)
- Invalid votes: 0
Resolution 3 - Special Business (Ordinary Resolution): Approval of Material Related Party Transaction(s) between the Company and Mr. Samiayya Arularasan, Managing Director (DIN: 09407539).
- Total votes in favour: 31,765 (76.94%)
- Total votes against: 9,520 (23.06%)
- Invalid votes: 0
Resolution 4 - Special Business (Ordinary Resolution): Approval of Material Related Party Transaction(s) between the Company and Mr. Natesan Kameswaron, Whole-time Director (DIN: 11101170).
- Total votes in favour: 31,765 (76.94%)
- Total votes against: 9,520 (23.06%)
- Invalid votes: 0
Resolution 5 - Special Business (Ordinary Resolution): Appointment of Mrs. Bhageerathi (DIN: 11406837) as a Non-Executive Director.
- Total votes in favour: 31,965 (77.43%)
- Total votes against: 9,320 (22.57%)
- Invalid votes: 0
The scrutinizer confirmed that all resolutions were passed with the requisite majority. The electronic data and all relevant records relating to the remote e-voting and e-voting at the AGM have been handed over to the Chairman of the meeting for safe custody.