Sar Auto Products appointed Harsh Mukeshbhai Raidya as an Independent Director for a five-year term effective August 3, 2026. The appointment was regularized following shareholder approval at the 39th Annual General Meeting held on September 28, 2026.

Raidya was initially appointed as an Additional Independent Director by the Board of Directors with effect from August 3, 2026. His tenure will continue until August 2, 2031. The company confirmed that Raidya fulfills all criteria required for the role and is not disqualified under Section 164 of the Companies Act, 2013 or by any SEBI order.

Director Profile and Details

The disclosure highlights Raidya’s professional background and independence status. He holds an MBA in Finance from NMIMS Mumbai and is currently associated with a Chartered Accountant firm, bringing expertise in finance and management to the board.

Governance and Independence

The filing confirms that Raidya has no relationship with the promoters, directors, or key managerial personnel of the company. This ensures his status as an independent director remains unaffected by familial or business ties within the organization. The regularization of his appointment aligns with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Sar Auto Products Limited held its 39th Annual General Meeting on September 28, 2026, at its registered office in Rajkot, passing all seven resolutions with requisite majority.

Meeting proceedings and attendance

The meeting was chaired by Rameshkumar D. Virani, Chairman and Managing Director, and ran from 11:00 am to 12:20 pm. A total of eight members attended in person — two from the promoter and promoter group, and six from the public. No shareholders attended through video conferencing. The statutory auditor was exempted from attending. The record date for voting eligibility was September 21, 2026, with 776 total shareholders on record.

All directors were present, including:

• Rameshkumar D. Virani (Chairman & Managing Director)
• Shreyas R. Virani (Whole Time Director & CFO)
• Charmiben M. Vasani (Independent Non-Executive Woman Director)
• Biju Mathew (Independent Non-Executive Director)
• Gulabbhai K. Patil (Independent Non-Executive Director)
• Harsh M. Radiya (Independent Additional Non-Executive Director)

CS Zalak K. Upadhyay served as Company Secretary and Compliance Officer. CS Kalpesh P. Rachchh of M/s. K.P. Rachchh & Co. acted as scrutinizer for the voting process.

Resolutions passed

The members considered both ordinary and special business items. The audited financial statements for FY26 were adopted without any qualifications or adverse remarks from the statutory or secretarial auditors.

Voting results by resolution

Remote e-voting was conducted from September 24, 2026, at 10:00 am to September 27, 2026, at 5:00 pm via the CDSL platform. No members voted through ballot papers at the physical meeting. Votes were unblocked and finalised at 12:54 pm on September 28, 2026. The following table summarises the e-voting outcome across all seven resolutions.

For Resolutions 2, 4, and 7, invalid votes of 1294549 each from the promoter and promoter group category were recorded, as Shreyas R. Virani — being an interested party — voted on resolutions in which he held an interest; those votes were accordingly treated as invalid. For Resolution 7, Rameshkumar D. Virani and Shreyas R. Virani were both noted as interested parties.

Shareholder participation breakdown

The total shares on record comprised 3,533,690 held by the promoter and promoter group, 220,417 by public institutions, and 1,010,633 by public non-institutions, aggregating to 4,764,740 shares. For resolutions where full promoter participation was recorded, votes polled as a percentage of outstanding shares stood at 77.8434%. Public institutions cast no votes across all resolutions.

Compliance and post-meeting filings

The scrutinizer's report, dated September 29, 2026, was submitted to BSE Limited pursuant to Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Voting results have been uploaded to the company website and the CDSL platform within statutory timelines. All electronic voting records will remain in the scrutinizer's custody until the Chairman approves and signs the meeting minutes, after which they will be handed to the Company Secretary for safe keeping.