Sharda Motor Industries Limited announced the outcomes of its 40th Annual General Meeting (AGM), which included the approval of the final dividend for the financial year 2024-25.
The AGM, held on September 18, 2025, approved the declaration of the final dividend for the financial year 2024-25. Members also approved the re-appointment of Shri Nitin Vishnoi as a Director and ratified the appointment of VKC & Associates as secretarial auditors.
Voting results, detailed in the company's filing, showed strong shareholder support for all proposed resolutions.
| Resolution | Mode | Total Valid Votes | In Favour (%) | Against (%) |
|---|---|---|---|---|
| Adoption of Standalone Financial Statements | E-voting | 44258105 | 100.00 | 0.00 |
| Adoption of Consolidated Financial Statements | E-voting | 44258159 | 100.00 | 0.00 |
| Declaration of Final Dividend for FY 2024-25 | E-voting | 44258159 | 99.99 | 0.01 |
| Re-appointment of Shri Nitin Vishnoi as Director | E-voting | 44258159 | 99.91 | 0.09 |
| Appointment of VKC & Associates as Secretarial Auditors | E-voting | 44258105 | 100.00 | 0.00 |
| Payment of Commission to Non-Executive Directors | E-voting | 42949378 | 99.53 | 0.47 |
The resolutions were passed with the requisite majority, as confirmed by the scrutinizer, CS Vineet K Chaudhary of VKC & Associates.
Sharda Motor Industries manufactures auto components and assemblies and has a presence across India. The company's shares are listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
The resolutions were passed with the requisite majority, as confirmed by the scrutinizer, CS Vineet K Chaudhary of VKC & Associates.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
