Sandhar Technologies Limited shareholders approved all six resolutions proposed at the company's 34th Annual General Meeting (AGM), held virtually on September 22, 2026. The voting results, submitted to stock exchanges on September 23, 2026, confirmed the adoption of financial statements and the declaration of a final dividend of ₹4.00 per equity share for FY26.

The meeting was conducted via video conferencing in compliance with Ministry of Corporate Affairs and SEBI regulations. A total of 125 members attended through the virtual platform, comprising nine from the promoter group and 116 from the public category. The proceedings were chaired by Jayant Davar, Executive Chairman and CEO.

Voting outcomes and key resolutions

The consolidated scrutinizer’s report, prepared by K K Sachdeva & Associates, confirmed that all ordinary and special businesses transacted during the AGM received the requisite majority. The voting data reveals strong support for the dividend declaration and director appointments, while the enhancement of Section 186 limits saw slightly lower but still decisive approval.

The final dividend of ₹4.00 per share on a face value of ₹10 was ratified with 50,906,033 votes in favour against just 56 votes against. Similarly, the appointment of Gazal Kalra as a non-executive independent director secured 99.9999% support.

Governance and attendance details

The Board reported no qualifications or adverse remarks in the statutory auditor’s report for FY26. The statutory auditors, BSR & Co. LLP, were represented at the meeting. Secretarial audit compliance was confirmed by K K Sachdeva, who also served as the scrutinizer for the e-voting process.

Voting results for remote e-voting and live e-voting have been submitted to both stock exchanges and displayed on the company’s website. The e-voting period commenced on September 19, 2026, and ended on September 21, 2026, prior to the AGM.

What the numbers show

The voting pattern highlights a significant divergence in shareholder sentiment regarding capital allocation limits versus routine governance matters. While routine resolutions like the dividend payout and director appointments garnered near-unanimous support (>99.99%), the special resolution to enhance limits for loans, investments, and guarantees under Section 186 of the Companies Act received 98.77% approval.

This 1.23% dissent on Section 186 limits contrasts sharply with the negligible opposition (<0.001%) seen in other items. Notably, public institutions voted against this specific resolution with 7.32% of their polled votes opposing it, whereas promoter group and public institutions supported all other resolutions unanimously or near-unanimously. This suggests institutional caution regarding the expansion of borrowing or investment capacities, even as they endorsed the operational and governance updates.

Sandhar Technologies has fixed September 11, 2026 as the record date for its final dividend of ₹4.00 per equity share for FY26. The payout is subject to shareholder approval at the upcoming annual general meeting.

The company’s Board of Directors recommended the dividend, equivalent to 40% of the face value of ₹10 per share, during its meeting on May 21, 2026. The Board confirmed the record date in a subsequent meeting held on August 11, 2026.

Dividend Details

The dividend payment will be processed within 30 days of the AGM, subject to applicable tax deductions at source. Eligibility is determined by beneficial ownership as recorded by National Securities Depository Limited and Central Depository Services (India) Limited at the close of business on September 11, 2026.

Corporate Action Timeline

The Register of Members and Share Transfer Books will remain closed from Saturday, September 12, 2026, through Tuesday, September 22, 2026, inclusive. This action is disclosed pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Tax Deduction at Source (TDS) Guidelines

Sandhar Technologies has communicated detailed TDS provisions to shareholders pursuant to the Income Tax Act, 2025. The dividend is taxable in the hands of shareholders for Tax Year 2026-27. Shareholders must submit necessary documents to ensure deduction at appropriate rates by Tuesday, September 15, 2026.

Resident Shareholders

Non-Resident Shareholders

Shareholders are requested to upload documents via the RTA MUFG Intime India Private Limited Service Request Portal under the Tax Exemption tab. No claims for tax determination will be entertained after September 15, 2026. Shareholders whose tax is deducted at a higher rate due to missing documents may file returns to claim refunds.