Amba Enterprises Limited shareholders have approved the re-appointment of Mr. Ketan Harilal Mehta as Managing Director and Chairman for a period of five years, effective from April 1, 2026, to March 31, 2031. The decision was taken during the company's 34th Annual General Meeting held on June 30, 2026. Mr. Ketan Harilal Mehta brings over 25 years of experience in manufacturing and trading transformer lamination products and has been instrumental in preparing growth strategies for the company.

The meeting also sanctioned a final dividend of ₹0.75 per equity share for the financial year 2025-26. The record date for determining dividend entitlement was set for June 19, 2026. Additionally, shareholders approved material related party transaction limits with Shiv Shakti Enterprises up to ₹60 crore for the financial year 2026-27, involving the purchase of CRNO Coils and CRNO Semi Processed Coils.

Key Resolutions Passed

All seven resolutions put to vote were passed with 100% approval, with 6,127,745 shares voted in favour through remote e-voting. The business transacted included the adoption of audited financial statements for the year ended March 31, 2026, and the re-appointment of Mrs. Sarika Bhise as Director. Members also approved an increase in the remuneration of Mrs. Sarika Bhise as a Special Resolution.

Shareholders approved the re-appointment of M/s. Sark & Associates LLP as Secretarial Auditors for a term of five years, effective from April 1, 2026, to March 31, 2031. The company confirmed there were no qualifications, observations, or adverse remarks in the Auditors' Report or the Secretarial Audit Report that negatively impacted the company's operations.

Financial and Transaction Details

The facility to cast votes electronically was available from June 27, 2026, to June 29, 2026. The Scrutinizer's report, submitted by Sumit Khanna of M/s. Sark & Associates LLP, confirmed that votes were unblocked on June 30, 2026, in the presence of two witnesses.

Amba Enterprises announced that Independent Director Atul Mohanlal Thakkar ceased to be a director of the company upon the completion of his second consecutive term on June 17, 2026. The cessation was effective from the end of the day on June 17, 2026, as the five-year term of the director concluded. The company confirmed the development through a disclosure made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board of Directors and the management acknowledged the contributions made by Mr. Thakkar during his tenure. The filing stated that the director's second term had officially ended, necessitating the cessation of his role as Independent Director.

The disclosure was submitted to BSE Limited and included details as prescribed by SEBI Listing Regulations read with a specific SEBI circular dated July 13, 2023. The company provided the specific reason for the change and the effective date of cessation in the annexure to the filing.

Details of Cessation