Salem Erode Investments publishes 95th AGM notice in newspapers
- Salem Erode Investments published its 95th AGM notice in newspapers on September 7, 2026
- The virtual AGM is scheduled for September 30, 2026, at 10:30 am via VC/OAVM
- Key agenda items include re-appointing directors Ms. Umadevi Anilkumar and Mr. A.A. Balan
- Remote e-voting opens on September 27, 2026, with a cut-off date of September 23, 2026
*this image is generated using AI for illustrative purposes only.
Salem Erode Investments has published the notice for its 95th Annual General Meeting (AGM) in national and regional newspapers on September 7, 2026. The publication appeared in The New Indian Express and Dinamani, confirming the schedule for the virtual meeting set for September 30, 2026.
The board convened on September 1, 2026, to finalize governance changes and schedule the AGM. The initial notice was submitted to the Bombay Stock Exchange on September 2, 2026. Pursuant to Regulation 36(1)(b) of the SEBI Listing Regulations, the company initiated sending a letter to shareholders whose e-mail addresses are not registered, providing a web-link for accessing the Annual Report. The dispatch of the Notice and Annual Report via email was completed on September 3, 2026.
Agenda Items
Shareholders will transact ordinary and special business during the meeting. Key agenda items include:
- Adoption of audited financial statements for the financial year ended March 31, 2026.
- Re-appointment of Ms. Umadevi Anilkumar as a director, who retires by rotation.
- Re-appointment of Mr. A.A. Balan as an independent non-executive director for a second term.
Director Re-appointment Details
Mr. Balan will serve a five-year term effective from September 29, 2026, to September 28, 2031. He brings over six decades of experience in the construction industry and is a partner in Balan Construction Company. His re-appointment requires approval via a Special Resolution.
Ms. Umadevi Anilkumar (DIN: 06434467), spouse of Managing Director K.G. Anilkumar, offers herself for re-appointment by rotation. She holds an MBA and has over 12 years of experience in financial services. During FY25-26, she attended 10 board meetings and received ₹22,500 as sitting fees.
| Particulars | Details |
|---|---|
| Director Name | Ambadath Aiyappan Balan |
| Role | Independent Director (Non-Executive) |
| Term Duration | 5 years |
| Effective Period | September 29, 2026 to September 28, 2031 |
| Relationship Disclosure | Not related to any other directors |
Mr. Balan completed his Civil Engineering course from the Madras Government Technical Education Board in 1957. He received the Vikas Ratna Award from the International Friendship Society of India. During FY25-26, he attended 14 board meetings and received ₹32,500 as sitting fees.
E-Voting and Logistics
The company engaged Central Depository Services Limited (CDSL) to facilitate remote e-voting. The voting period commences on September 27, 2026, at 10:00 am and ends on September 29, 2026, at 5:00 pm. The Electronic Voting System Number (EVSN) for the meeting is 260831024.
The record date for determining voting rights is September 23, 2026. The register of members will remain closed from September 24, 2026, to September 30, 2026. Proxy appointments are not available for this virtual meeting. Members holding shares in physical form who have not registered their email addresses are requested to do so with the Company or the Registrar and Transfer Agent.
Regulatory Compliance
The disclosure was made under Regulation 30 read with Part A of Schedule III of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The details comply with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated July 11, 2023, last updated on January 30, 2026.
Historical Stock Returns for Salem Erode Investments
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.33% | +3.33% | -5.81% | +0.53% | -16.50% | 0.0% |
How might the re-appointment of Mr. A.A. Balan, with his extensive construction industry background, influence Salem Erode Investments' strategic direction or project pipeline in the coming five years?
What specific financial performance metrics or growth targets are shareholders expected to scrutinize in the audited statements for FY25-26 during the AGM?
Could the virtual-only format of the AGM and the absence of proxy appointments impact shareholder participation rates or voting outcomes compared to previous years?
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