CIE Automotive India Releases Detailed Voting Results for 27th AGM Proceedings
CIE Automotive India Limited disclosed comprehensive voting results for its 27th Annual General Meeting conducted on 29th April 2026, showing unanimous approval of all 8 resolutions including dividend declaration of Rs. 7 per share, director re-appointments, remuneration approvals, and significant related party transactions with Mahindra & Mahindra Limited and CIE Automotive S.A.
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CIE Automotive India Limited has released comprehensive voting results for its 27th Annual General Meeting held on 29th April 2026, providing detailed disclosure under Regulation 44 of SEBI Listing Regulations. The meeting was conducted virtually through video conference with strong shareholder participation and unanimous approval of all proposed resolutions.
Meeting Overview and Participation
The Annual General Meeting was chaired by Mr. Shriprakash Shukla, Chairman of the Board, with comprehensive shareholder participation through remote e-voting and live e-voting mechanisms. The meeting maintained high standards of corporate governance with all statutory requirements fulfilled.
| Meeting Details: | Information |
|---|---|
| Total Shareholders on Record: | 104,857 |
| Record Date: | 22nd April 2026 |
| Meeting Duration: | 3:30 PM to 5:50 PM |
| Virtual Attendees: | 52 public shareholders |
| Total Resolutions: | 8 (all passed) |
Key Financial Decisions and Dividend Declaration
The most significant resolution involved dividend declaration, which received overwhelming shareholder support with 100% approval from all voting categories.
| Resolution Details: | Voting Results |
|---|---|
| Dividend per Share: | Rs. 7.00 per equity share |
| Face Value: | Rs. 10.00 each |
| Total Votes Polled: | 345,784,108 |
| Votes in Favour: | 345,784,108 (100%) |
| Votes Against: | 0 |
Leadership and Remuneration Approvals
Several key leadership resolutions were approved with strong majority support, demonstrating shareholder confidence in the management team.
| Leadership Resolution: | Approval Rate | Votes in Favour |
|---|---|---|
| Mr. Shriprakash Shukla Re-appointment: | 99.93% | 345,556,131 |
| Non-Executive Director Remuneration: | 99.99% | 345,783,595 |
| Whole-time Director Remuneration Revision: | 99.98% | 345,734,267 |
| Cost Auditors Remuneration: | 100% | 345,783,991 |
Related Party Transaction Approvals
The meeting approved substantial related party transactions, with the Mahindra & Mahindra Limited transaction receiving 99.60% approval and the CIE Automotive S.A. subsidiary transaction receiving 95.44% approval. Notably, promoter group abstained from voting on these resolutions due to their interested party status.
| Transaction Type: | Approval Details |
|---|---|
| Mahindra & Mahindra Limited: | 99.60% approval (94,519,058 votes) |
| CIE Automotive S.A. (Subsidiary): | 95.44% approval (90,568,728 votes) |
| Promoter Group Participation: | Abstained (interested party) |
| Public Non-Institutions Invalid Votes: | 1,600,526 for both resolutions |
Scrutinizer Report and Compliance
Mr. Sachin Bhagwat, Practicing Company Secretary (ACS 10189), served as the appointed Scrutinizer and confirmed that the e-voting process was conducted in a fair and transparent manner. The remote e-voting facility was enabled from 24th April 2026 at 9:00 AM to 28th April 2026 at 5:00 PM, with votes unblocked on 29th April 2026 at 5:54 PM.
| Compliance Details: | Information |
|---|---|
| Scrutinizer: | Mr. Sachin Bhagwat (CS) |
| Board Appointment Date: | 19th February 2026 |
| Report Issuance Date: | 29th April 2026 |
| E-voting Platform: | KFin Technologies Limited |
| UDIN: | A010189H000237801 |
Historical Stock Returns for CIE Automotive
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.24% | +0.64% | -5.01% | +9.80% | +4.16% | +156.27% |
How will the approved Rs. 7.00 dividend per share impact CIE Automotive India's cash flow and future investment capacity?
What strategic benefits are expected from the substantial related party transactions with Mahindra & Mahindra Limited?
Will the revised remuneration structure for whole-time directors help attract and retain key talent in the competitive automotive sector?
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