SAL Automotive declared a final dividend of ₹2 per equity share, representing 20% of the face value, for the financial year ended March 31, 2026. The payout was approved by shareholders during the company's 51st Annual General Meeting held on September 21, 2026.

The meeting, conducted via Video Conferencing and Other Audio Visual Means (VC/OAVM), commenced at 3:00 pm and concluded at 4:00 pm. Mr. Rajiv Sharma, Chairman, presided over the proceedings, which were attended by 49 members. The statutory auditors, M/s Mangla Associates, Chartered Accountants, and secretarial auditors from M/s A. Arora & Company were present to address queries regarding the financial statements and compliance matters.

Key Resolutions Approved

Shareholders voted on several ordinary and special resolutions during the AGM. The key outcomes included:

• Adoption of the audited financial statements for FY26 along with the reports of the auditors and directors.
• Reappointment of Mr. Rajiv Sharma as a Non-Executive Non-Independent Director upon retirement by rotation.
• Ratification of remuneration for the Cost Auditor for the financial year ending March 31, 2027.
• Approval of a new set of Memorandum of Association in accordance with the Companies Act, 2013.
• Reappointment of Mr. Uttam Sahay as an Independent Director.
• Reappointment of Mr. Rama Kant Sharma as Managing Director.

Governance and Compliance

The Company Secretary, Mr. Gagan Kaushik, confirmed that the AGM adhered to the provisions of the Companies Act, 2013, relevant Ministry of Corporate Affairs (MCA) circulars, and SEBI Listing Regulations. He noted that there were no qualifications, adverse comments, or material observations in the Auditors' Report or the Secretarial Audit Report that would impact the company's functioning.

Remote e-voting was facilitated through the National Securities Depository Limited (NSDL) platform from September 18, 2026, to September 20, 2026. Members who did not vote remotely could exercise their voting rights electronically during the meeting. The consolidated voting results, verified by the scrutinizer, are expected to be declared within two working days of the meeting's conclusion.

The management addressed member queries regarding the company's performance and financials during the session. The Chairman thanked the shareholders for their participation before closing the meeting.

SAL Automotive has filed its annual report for the financial year ended March 31, 2026, and scheduled its 51st Annual General Meeting (AGM) for Monday, September 21, 2026. The meeting will be held via video conference at 3:00 pm. Members are set to adopt the audited financial statements and approve the final dividend.

The Board of Directors recommended a final dividend of ₹2 per equity share during its meeting on May 22, 2026. The record date for determining eligible shareholders is fixed as Monday, September 14, 2026. If approved at the AGM, the total cash outflow for the dividend will be ₹95.91 lakh. The payout is subject to tax deduction at source (TDS) as per applicable income tax laws.

Governance and Board Re-appointments

Shareholders will vote on several key governance resolutions, including the re-appointment of Mr. Rama Kant Sharma as Managing Director for a five-year term commencing February 4, 2027. His proposed remuneration includes a basic salary of ₹3,00,000 per month and other allowances of ₹6,00,000 per month. The Board noted that this remuneration may be paid as minimum remuneration in case of inadequate profits, subject to statutory limits.

Members will also approve the re-appointment of Independent Director Mr. Uttam Sahay for a second term of three years, effective January 31, 2027, up to January 30, 2030. Additionally, Non-Executive Non-Independent Director Mr. Rajiv Sharma retires by rotation and offers himself for re-appointment.

Financial Performance Overview

The company reported total income of ₹38,676 lakh for FY26, an increase from ₹37,949 lakh in FY25. Net profit stood at ₹429 lakh, down from ₹527 lakh in the prior year. Total expenses rose to ₹38,087 lakh from ₹37,162 lakh. Reserves and surplus grew to ₹4,132 lakh from ₹4,063 lakh.

What the Numbers Show

While top-line revenue expanded by approximately 2% year-on-year, net profit contracted by roughly 18%. This divergence indicates that cost pressures or margin compression offset the growth in sales volume during FY26, resulting in a thinner bottom line despite higher turnover. The decline in profit before tax margins was further influenced by an increase in other overheads, including personnel costs and administrative expenses.

Corporate Actions and Voting Details

The AGM agenda includes ratifying the remuneration of M/s. SDM & Associates as Cost Auditors for FY27 at ₹85,000 plus taxes. Members will also approve a new Memorandum of Association to align with the Companies Act, 2013, replacing references to the repealed Companies Act, 1956.

E-voting will be facilitated by NSDL, with remote voting open from September 18 to September 20, 2026. The final dividend will be payable on or before October 20, 2026. The company also transferred ₹97,250 in unclaimed dividends and 861 equity shares to the Investor Education and Protection Fund (IEPF) during the year.

Shareholders who have not registered their email addresses can access the Annual Report and AGM Notice via the company’s website. The company has complied with Regulation 36(1)(b) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, by sending letters with web-links to such shareholders.