Salzer Electronics shareholders approved all resolutions at the company's 41st Annual General Meeting held on September 12, 2026. The final dividend of ₹2.50 per share received near-unanimous support, with 99.99% of votes cast in favour.

The meeting, conducted via video conference from Coimbatore, saw shareholders ratify the audited standalone and consolidated financial statements for FY26. All six items on the agenda were passed with requisite majorities, as confirmed by scrutinizer G.V. Vasudevan of G.V. and Associates.

Voting Results

A total of 7,268,294 shares were voted on ordinary business items, representing approximately 41.10% of the outstanding equity capital of 17,682,737 shares. Promoter group holdings stood at 6,626,647 shares, with 100% participation in the e-voting process for most resolutions.

Governance and Appointments

Shareholders re-elected Mr. N. Rangachary and Mr. V. Sankaran as non-executive directors following their retirement by rotation. Both appointments saw 99.88% approval, with minimal dissent from public non-institutional shareholders.

The re-appointment of Mr. D. Rajesh Kumar as Joint Managing Director for a five-year term effective October 1, 2026, was also approved. This special resolution received 99.99% support from eligible voters. Votes cast by interested parties amounting to 1,947,923 shares were excluded from this count as per regulatory requirements.

Meeting Details

The quorum was present throughout the proceedings, which began at 11:30 am and concluded at 1:08 pm. E-voting remained open until 1:23 pm. Statutory auditor Swamy & Ravi and internal auditor DAT & Associates were present to oversee compliance. Company Secretary K. M. Murugesan served as the compliance officer.

Public institutional shareholders held 2,214,314 shares, with a 7.68% participation rate in the voting process. Public non-institutional shareholders held 8,841,776 shares, participating at a rate of 5.33%.

Salzer Electronics Limited has scheduled its 41st Annual General Meeting (AGM) for September 12, 2026. The meeting will be conducted through Video Conferencing or Other Audio-Visual Means (OAVM). Key agenda items include the declaration of a final dividend of ₹2.50 per equity share of face value ₹10 each for FY26, representing a 25% payout ratio.

The company submitted the notice along with the Annual Report for FY26 to the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Ltd. (NSE) on August 20, 2026. This filing follows an earlier intimation sent on May 23, 2026, regarding the date of the meeting.

E-Voting Schedule

Shareholders holding shares in either physical or dematerialized form can exercise their voting rights electronically. The remote e-voting process is scheduled to run for five days prior to the meeting.

The record date for determining eligibility to vote at the AGM is August 28, 2026. Shareholders must hold shares as of this date to participate in the voting process.

Board Re-Appointments

The AGM will seek shareholder approval for several board-related resolutions:

• Joint Managing Director: Re-appointment of Mr. D Rajesh Kumar as Joint Managing Director for a term of five years, effective October 1, 2026, until September 30, 2031. His remuneration includes a monthly salary starting at ₹6,50,000 with an annual increment of ₹50,000, plus a commission of 2.5% on net profits.
• Director Rotation: Re-appointment of Mr. N Rangachary (Chairman) and Mr. V Sankaran as Non-Executive, Non-Independent Directors, who are retiring by rotation. Both directors have attained the age of seventy-five years but remain eligible for re-appointment.

Cost Auditor Ratification

The meeting will also ratify the appointment of CMA A. R. Ramasubramania Raja as Cost Auditor for FY27. The approved remuneration is ₹1,90,000 per annum, exclusive of applicable taxes and out-of-pocket expenses.

Regulatory Compliance

The submission was made pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Annual Report and AGM Notice are available on the company’s website and have been dispatched to shareholders via registered email addresses.

K M Murugesan, Company Secretary, signed the disclosure letter dated August 20, 2026.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE457F01013/e63a8bde-75a8-4629-9da5-f439ae170b8a.pdf