SML Mahindra Limited held its 42nd Annual General Meeting (AGM) on Tuesday, 21st July 2026 at 11:30 A.M. through Video Conferencing/Other Audio Visual means. The meeting passed all five resolutions proposed with requisite majority.

Voting Results and Participation

  • Total shareholders attending through video conferencing: 59 (1 Promoter and 58 Public)
  • Cut-off date for voting entitlement: 14th July 2026
  • Remote e-voting period: 1th July 2026 (9:00 A.M.) to 20th July 2026 (5:00 P.M.)
  • Scrutinizer: Kanwaljit Singh Thanewal, Practicing Company Secretary
  • Electronic voting system provided by National Securities Depository Limited (NSDL)

Ordinary Business Resolutions

Resolution 1: Adoption of Financial Statements

  • To receive, consider and adopt the Audited Financial Statements for FY ended 31st March 2026 and Reports of Board of Directors and Auditors
  • Result: Passed with requisite majority
  • Total valid votes: 10404220 shares
  • Votes in favor: 10404127 shares (99.9991%)
  • Votes against: 93 shares (0.0009%)
  • 132 members voted in favor, 4 members voted against

Resolution 2: Declaration of Final Dividend

  • Final Dividend of ₹23.50 per equity share of face value ₹10 each for FY ended 31st March 2026
  • Result: Passed with requisite majority
  • Total valid votes: 10404297 shares
  • Votes in favor: 10404205 shares (99.9991%)
  • Votes against: 92 shares (0.0009%)
  • 135 members voted in favor, 3 members voted against

Resolution 3: Re-appointment of Director

  • Re-appointment of Ms. Mahima Chugh (DIN: 07448152) as Director liable to retire by rotation
  • Result: Passed with requisite majority
  • Total valid votes: 10404008 shares
  • Votes in favor: 10403915 shares (99.9991%)
  • Votes against: 93 shares (0.0009%)
  • 133 members voted in favor, 4 members voted against

Special Business Resolutions

Resolution 4: Material Related Party Transactions

  • Approval of Material Related Party Transactions with Mahindra & Mahindra Limited, Promoter and Holding Company
  • Result: Passed with requisite majority
  • Total valid votes: 1870282 shares
  • Votes in favor: 1870190 shares (99.9951%)
  • Votes against: 92 shares (0.0049%)
  • 132 members voted in favor, 3 members voted against

Resolution 5: Remuneration to Independent Directors

  • Approval of payment of remuneration by way of commission to Independent Directors of the Company
  • Result: Passed with requisite majority (Special Resolution)
  • Total valid votes: 10404008 shares
  • Votes in favor: 10403823 shares (99.9982%)
  • Votes against: 185 shares (0.0018%)