Sahyadri Industries Limited has appointed Sunil Suratwala and re-appointed Moushmi Shaha as Non-Executive Independent Directors for a term of five years each. The resolutions were passed via a postal ballot conducted through remote e-voting, with over 99.99% of the valid votes cast in favour of the appointments. The voting results were announced on June 24, 2026.

The remote e-voting period commenced on May 24, 2026, and concluded on June 22, 2026. The facility was provided by the National Securities Depository Limited. Shareholders holding shares as on the record date of May 15, 2026, were entitled to vote on the proposed resolutions. The notice for the postal ballot was dispatched via email on May 22, 2026.

Voting Results

The scrutinizer's report, submitted by Ashwini Inamdar of Mehta & Mehta, Company Secretaries, confirmed that both special resolutions were passed with the requisite majority. A total of 7,826,895 votes were cast in favour of the resolutions, while 781 votes were cast against them. There were no invalid or abstained votes recorded.

Resolution Details

Shareholder Participation

The total number of shareholders on the record date was 10,843. The promoter and promoter group held 7,784,791 shares and cast all their votes in favour of the resolutions. Public non-institutional shareholders held 3,160,509 shares, with 42,885 votes polled, of which 42,104 were in favour and 781 were against. Public institutional shareholders did not participate in the voting process.

Sahyadri Industries Limited disclosed that its promoters and promoter group did not encumber any shares during the financial year ended March 31, 2026. The declaration confirms that no shares were pledged, directly or indirectly, by the promoters throughout FY26. This disclosure is significant as it indicates the absence of leveraging promoter holdings against the company's stock during the period.

The filing was submitted to the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) on April 1, 2026. The company formally communicated this information to the exchanges on April 2, 2026, following the receipt of the declaration from the promoters. The disclosure was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Jayesh P Patel, a promoter on behalf of the promoters and promoter group, signed the declaration on April 1, 2026, in Pune. The document was subsequently submitted by Rajib Kumar Gope, the Company Secretary and Compliance Officer of Sahyadri Industries Limited. The submission included a request for the exchanges to place the information on record.

Key Disclosure Details

The declaration explicitly states that the promoters have not created any charge or lien on their shareholdings. This regulatory filing provides transparency regarding the financial standing of the promoters' equity in the company. The communication was addressed to the Listing Managers of both BSE and NSE for necessary record-keeping.