The board of directors of Sharda Motor Industries is set to consider the declaration of the final dividend of ₹32.50 per equity share of face value of ₹2 each i.e. 1625 % (percent) on the paid-up share capital for the financial year 2024-25 at its upcoming 40th Annual General Meeting (AGM) on September 18, 2025.
The AGM will be held through Video Conferencing (VC) and Other Audio-Visual Means (OVAM). The meeting will also address the adoption of audited standalone and consolidated financial statements for the year ended March 31, 2025, and the re-appointment of Shri Nitin Vishnoi as a director.
In addition to the financial results and dividend declaration, the board will consider the appointment of M/s. VKC & Associates as secretarial auditors of the company for a term of five consecutive years commencing from FY 2025-26 till FY 2029-30 and the ratification of remuneration of ₹1,00,000 to be paid to M/s. Gurdeep Singh & Associates, the cost auditors for the Financial Year 2025-26.
The company has fixed Friday, June 13, 2025, as the "Record Date" for determining entitlement of members to final dividend for the financial year ended March 31, 2025, if approved at the AGM. Payment of dividend shall be made ONLY through electronic mode to those Shareholders who have updated their bank account details.
The register of members and the share transfer books of the company will remain closed from Thursday, September 11, 2025, to Thursday, September 18, 2025 (both days inclusive).
The remote e-voting period will commence on Monday, September 15, 2025, and ends on Wednesday, September 17, 2025. During this period, members of the company holding shares either in physical form or in dematerialized form, as on Cut-Off date i.e. Friday, September 12, 2025, (the "Cut-Off Date") may cast their vote electronically, and the e-voting module shall be disabled by CDSL for voting thereafter.
The results of the voting on resolutions shall be declared by the Chairperson or any other person authorised by him/her in writing after the AGM within the prescribed time limits. The results declared along with the Scrutinizer's Report shall be placed on the company's website i.e. www. shardamotor.com and will also be available on the website of CDSL i.e. www.cdslindia.com and will be communicated to the stock exchanges, where the shares of the company are listed.
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