Meeting Details

The 34th Annual General Meeting of Solitaire Machine Tools Limited was held on Saturday, June 27, 2026, at 11:00 a.m. through Video Conferencing (VC) / Other Audio Visual Means (OAVM) facility. The meeting was conducted in compliance with the provisions of the Companies Act, 2013, relevant Rules, and circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India.

Attendance

  • Shri Ashok J. Sheth, Chairman & Chief Financial Officer, chaired the meeting
  • Ms. Shilpa Taneja, Non-executive Director
  • Mr. Bharat Shah, Ms. Kesha Thakkar, and Ms. Nishita Rajput, Independent Directors
  • Mr. Hemandra Badani, Vice-Chairman & Managing Director
  • Mr. Harsh Badani, Joint Managing Director
  • Ms. Reshma Kiri, Company Secretary and other Senior Executives
  • Chairman of the Audit Committee, Nomination & Remuneration Committee, and representative of Stakeholders Relationship Committee
  • Statutory Auditors, Secretarial Auditors for FY 2025-26, and Scrutinizer for the AGM

Voting Process

Remote e-voting commenced on Wednesday, June 24, 2026, at 9:00 a.m. and ended on Friday, June 26, 2026, at 5:00 p.m. Facility for e-voting during the AGM was also provided to members and remained open for 15 minutes after the conclusion of the AGM. The live webcast was provided through MUFG Insta-meet platform.

Business Items Approved

The following ordinary business items were approved through remote e-voting and e-voting during the AGM:

1. Adoption of Financial Statements: Receipt, consideration, and adoption of the Standalone Audited Financial Statements of the Company for the financial year ended March 31, 2026, together with Board's Report and Auditors' Report thereon (Ordinary Resolution)

2. Director Re-appointment: Appointment of Mr. Ashok J. Sheth (DIN: 00174006) as director who retires by rotation and being eligible, offers himself for re-appointment (Ordinary Resolution)

3. Dividend Declaration: Approval and declaration of dividend recommended by the Board for the financial year ended March 31, 2026 (Ordinary Resolution)

Key Proceedings

  • The meeting commenced at 11:00 a.m. with requisite quorum present
  • The Notice of AGM dated May 9, 2026, was taken as read with members' permission
  • The Chairman informed that there were no qualifications in the Statutory Auditors' Report and Secretarial Audit Report
  • Chairman delivered a speech covering global economy, company's performance in the industrial product industry, financial performance in FY 2025-26, and growth plans
  • Questions and suggestions from members who attended virtually were considered and adequately answered
  • The meeting concluded at 12:00 p.m.

Post-Meeting Actions

The voting results along with the Scrutinizer's Report will be announced by the Chairperson or Company Secretary & Compliance Officer and shall be displayed on:

  • Notice Board of the Company at its registered office
  • Website of the Company (www.smtgrinders.com)
  • Website of MUFG Intime India Private Limited
  • Website of Stock Exchange

This display will occur within two working days of the conclusion of the meeting. Detailed voting results will be forwarded separately upon declaration.

Financial Impact

Dividend amount and financial impact not quantified in the disclosure.