AGM Details
The 79th Annual General Meeting will be held on Tuesday, August 25, 2026 at 11:30 a.m. (IST) through Video Conferencing (VC) & Other Audio Visual Means (OAVM) facility. The deemed venue for the AGM is the Registered Office of the Company at Rustom Court Building, Opp. Podar Hospital, Annie Besant Road, Worli, Mumbai-400 030.
Cut-off Date and Voting Rights
The Company has fixed 18th August, 2026 as the cut-off date to determine member eligibility for voting. Voting rights shall be in proportion to shares of paid-up equity share capital as on this cut-off date.
Business to be Transacted
Ordinary Business:
1. To receive, consider and adopt the Audited Financial Statements for the financial year ended March 31, 2026, together with Reports of Board of Directors and Auditors
2. To consider appointment of Director Mr. Pradip Bhar (DIN: 01039198) who retires by rotation
Special Business:
3. Re-appointment of Mr. Hiren Umedray Sanghavi as General Manager of the Company
Remote E-Voting Details
Remote e-voting period commences at 9 AM IST on 22nd August, 2026 and ends at 5 PM IST on 24th August, 2026. Members holding shares as on cut-off date (18th August, 2026) may cast votes through MUFG Intime India Private Limited's InstaVote platform.
Managerial Reappointment Details
Mr. Hiren U. Sanghavi is proposed for re-appointment as General Manager (Key Managerial Personnel) with effect from 22nd April, 2026 for one year at a consolidated remuneration of ₹1,50,000 per month. The reappointment was recommended by the Board of Directors and Nomination and Remuneration Committee at their meeting held on 12th February, 2026.
Financial Context
Company financial performance for FY 2025-26: Revenue from operations: Nil; Other Income: ₹10.13 lakhs; Total Expenditure: ₹59.72 lakhs; Loss before tax: ₹49.58 lakhs; Net Loss after tax: ₹49.58 lakhs. The company exited battery manufacturing in 1998 and currently engages in trading of various goods and financial services including providing loans to corporates, bills discounting and factoring.
Share Register Closure
The Register of Members and Share Transfer Books will remain closed from 19th August, 2026 to 25th August, 2026 (both days inclusive).
Document Availability
The Notice and Integrated Annual Report 2025-26 are available on the Company's website (www.standardbatteries.co.in) and BSE Limited's website (www.bseindia.com).