SAL Automotive has fixed Monday, September 14, 2026 as the record date for determining shareholders eligible for the proposed final dividend of ₹2 per equity share for FY26. The payout is subject to approval at the company’s 51st Annual General Meeting (AGM) scheduled for Monday, September 21, 2026.

The Board of Directors initially recommended the dividend during its meeting on May 22, 2026. The virtual AGM will also address the adoption of financial statements for the fiscal year ended March 31, 2026.

Governance and Board Re-appointments

Shareholders will vote on 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 notes 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 and Non-Executive Non-Independent Director Mr. Rajiv Sharma.

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.

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will also approve a new Memorandum of Association to align with the Companies Act, 2013, replacing references to the repealed Companies Act, 1956.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.

SAL Automotive Limited has accepted the resignation of Kulvinder Singh from his positions as Finance Controller and Key Managerial Personnel (KMP). Singh’s departure becomes effective at the close of business hours on September 30, 2026, following a formal resignation letter dated July 27, 2026. The change in leadership affects the company’s financial oversight structure but carries no immediate operational disruption, as Singh confirmed there are no material reasons for his exit other than pursuing professional growth.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Para A of Part A of Schedule III. The filing also references SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/1/3762/2026 dated January 30, 2026. Gagan Kaushik, Company Secretary & General Counsel, submitted the intimation to BSE Limited on July 28, 2026.

Resignation Details

The key details regarding the cessation of appointment are outlined below:

Transition Plan

In his resignation letter addressed to the Board of Directors, Singh expressed gratitude for his tenure and the support received from the leadership team and direct reports. He emphasized his commitment to ensuring a smooth handover during the notice period. This includes organizing current projects, documenting ongoing responsibilities, and assisting in training team members to assume his duties before his final day.

The company has uploaded the full disclosure on its website, www.salautomotive.in , ensuring transparency for investors and stakeholders regarding this change in key managerial personnel.