Sarda Energy & Minerals shareholders approved a proposal to issue debt securities aggregating up to ₹1,000 crore during the company's 53rd Annual General Meeting held on September 24, 2026.

The meeting, conducted via Video Conferencing and Other Audio Visual Means (VC/OAVM), also ratified the declaration of a dividend of ₹2.00 per equity share for the financial year ended March 31, 2026. The board proposed this payout on equity shares with a face value of ₹1, representing a 200% return.

Voting results and shareholder participation

The Scrutinizer’s report, dated September 26, 2026, confirmed that all six resolutions were passed with requisite majority. The total number of shareholders on the record date (September 17, 2026) stood at 95,441. Voting was conducted through remote e-voting from September 21 to September 23, 2026, and via e-voting during the live session.

Notably, the re-appointment of Mr. Anant Sarda as a director retiring by rotation saw significant dissent from institutional investors. While promoters voted unanimously in favor, public institutions cast 32.50% of their votes against the resolution. Overall, the resolution received 96.97% support in favor versus 3.03% against.

Resolution-wise voting breakdown

The table below summarizes the voting outcomes for key resolutions, highlighting the support levels across promoter and public categories.

Meeting proceedings

Chaired by Kamal Kishore Sarda, the meeting commenced at 11:30 am and concluded at 12:10 pm. The agenda included five ordinary resolutions and one special resolution. Members adopted both standalone and consolidated audited financial statements for FY26. Additionally, the remuneration for cost auditors M/s. S.N. & Co. was ratified for FY27.

The special resolution authorized the Board to create, offer, invite subscription for, issue, and allot redeemable non-convertible debentures (NCDs) or other debt securities. These instruments may be secured or unsecured, cumulative or non-cumulative, listed or unlisted, in one or more tranches.

What the numbers show

The voting data reveals a divergence in shareholder sentiment regarding governance matters versus financial approvals. While routine financial resolutions (statements, dividend, auditor ratification) enjoyed near-unanimous support (>99.99%), the re-appointment of Mr. Anant Sarda faced notable opposition. Public institutions voted against this specific resolution with 32.50% dissent, contrasting sharply with the 0.00% opposition seen in other items. This suggests institutional investors may have specific concerns regarding board composition or related-party interests, given that promoters were marked as "interested" in this particular resolution.

Sarda Energy & Minerals has scheduled its 53rd Annual General Meeting for September 24, 2026. The meeting will be held exclusively through video conferencing or other audio-visual means at 11:30 am.

The company issued the notice in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The agenda includes transacting business as outlined in the official notice and reviewing the annual report for FY26.

E-Voting Details

Shareholders can exercise their voting rights through remote e-voting facilitated by National Securities Depository Limited (NSDL). The voting window opens on Monday, September 21, 2026, at 9:00 am and closes on Wednesday, September 23, 2026, at 5:00 pm.

Voting rights are determined by shareholding as on the cut-off date of September 17, 2026. Members who have already cast their votes remotely can participate in the meeting but cannot vote again on resolutions where they have already exercised their right.

Shareholder Instructions

Members holding shares in physical form must register or update their email addresses with Bigshare Services Private Limited or the company directly. Those holding demat shares should update their details with their respective Depository Participants.

Technical support for e-voting is available via NSDL helpdesk at evoting@nsdl.co.in or toll-free number 022-4886 7000. CDSL shareholders can contact helpdesk.evoting@cdslindia.com or call 1800-21-09911 for login assistance.