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.

Sahyadri Industries Limited has initiated a postal ballot process to seek shareholder approval for the appointment of independent directors. The company has dispatched the notice of the postal ballot via email on May 22, 2026, to members whose names appear in the Register of Members as on the record date of May 15, 2026. The notice was also published in newspapers "Financial Express" and "Loksatta" on May 23, 2026, pursuant to Regulation 47(3) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Special Resolutions

The postal ballot notice proposes two special resolutions. The first resolution seeks the appointment of Mr. Sunil Suratwala (DIN: 00490715) as a Non-executive Independent Director for a term of five years. His tenure is proposed to be effective from May 9, 2026, to May 8, 2031. Mr. Suratwala was recently appointed as an Additional Director by the Board.

The second resolution concerns the re-appointment of Mrs. Moushmi Shaha (DIN: 02915342) as a Non-executive Independent Director for a second term of five years. If approved, her term will commence on July 22, 2026, and conclude on July 21, 2031. Mrs. Shaha currently holds office as an Independent Director up to July 21, 2026.

E-Voting Schedule

Shareholders can cast their votes exclusively through the remote e-voting facility provided by the National Securities Depository Limited (NSDL). The voting window opens on May 24, 2026, at 9:00 a.m. and closes on June 22, 2026, at 5:00 p.m. The company has stated that physical copies of the postal ballot notice are not being dispatched for this process.

The results of the e-voting will be announced on or before June 24, 2026, and will be displayed on the company's website. The special resolutions will be declared passed if the votes cast in favour exceed three times the votes cast against them.

Director Profiles

The company has provided detailed profiles for the proposed directors in the explanatory statement. Mr. Sunil Suratwala is a Chartered Accountant with over 35 years of experience in assurance services, compliance, and corporate law. Mrs. Moushmi Shaha holds a Master of Commerce degree and is a fellow member of the Institute of Chartered Accountants of India, bringing over 21 years of experience in finance and audits.

Mrs. Ashwini Inamdar of M/s. Mehta & Mehta, Company Secretaries, has been appointed as the Scrutinizer to oversee the postal ballot process. The notice and relevant documents are available for inspection on the company's website.