Saurashtra Cement Limited announced that Sonali Sanas has resigned from her position as Company Secretary and Compliance Officer, effective September 25, 2026. The departure follows her transition to the role of Chief Executive Officer of the company's Paints Division.

The Board of Directors approved the resignation during a meeting held on August 6, 2026. Sanas continued to serve in her previous capacity until September 24, 2026, ensuring a structured handover before ceasing to hold office as Key Managerial Personnel (KMP).

Regulatory disclosures

The intimation was filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure confirms that the reason for the change is resignation due to an internal role transition rather than external factors.

Governance implications

The move highlights an internal promotion strategy within the Mehta Group, where Sanas moves from a compliance-focused KMP role to a operational leadership position within a specific business vertical. The filing includes details mandated by the SEBI Master Circular dated January 30, 2026, alongside a copy of the resignation letter submitted by Sanas.

Saurashtra Cement Limited shareholders approved all six proposed resolutions at the 68th Annual General Meeting held on September 23, 2026. The meeting, conducted via Video Conferencing, saw overwhelming support for key governance items, including the re-appointment of Managing Director M.S. Gilotra and the adoption of FY26 financial statements.

On September 24, 2026, the company submitted a revised Scrutinizer's Report to stock exchanges. This revision incorporates an additional clarification note or footnote on Page 3 for better clarity, as per Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The voting outcomes themselves remain unchanged from the initial submission.

Key resolutions and voting outcomes

The following table summarizes the voting results for the major resolutions transacted during the meeting:

Note: For Item 2, 10,712,624 votes cast by related parties were excluded from the valid vote count.

Governance and attendance details

Mr. Jay Mehta, Non-Executive Chairman, chaired the proceedings after confirming the requisite quorum. The meeting was attended by 89 members via video conferencing, comprising 14 from the promoter group and 75 public shareholders. Key directors present included Managing Director M.S. Gilotra and Independent Directors Viren Merchant, Ashwani Kumar, M.N. Sarma, Aman Khanna, and Radhika Samarjitsinh Gaekwad.

Mr. Hemang Mehta and Mr. Hemnabh Khatau were absent due to leave of absence. The Chairman provided an overview of the business environment and the company's performance during FY26 compared to the previous year, highlighting strategic priorities and sustainability efforts.

Director re-appointments and profiles

The AGM formally approved the re-appointment of Mr. Hemang Dhirendra Mehta (DIN: 00146580) as a Non-Executive, Non-Independent Director liable to retire by rotation. Mr. Mehta brings expertise in corporate and operational management within the cement, plastics, and packaging industries, with professional experience across India, Kenya, Canada, and the USA.

Additionally, shareholders approved the re-appointment of Mr. M.S. Gilotra (DIN: 00152190) as Managing Director for the period commencing January 1, 2027, to December 31, 2027. Mr. Gilotra, aged 76 years, is a Mechanical Engineering graduate from BITS Pilani with over four decades of experience in the cement industry. He previously spent 21 years with Associated Cement Companies Ltd. (ACC) in senior leadership roles. He has been associated with the company's board since June 1995.

Voting mechanics and audit compliance

The record date for determining entitlements was September 16, 2026, with 54,684 shareholders on the register. The scrutinizer's report confirmed that votes cast were unblocked on September 23, 2026, in the presence of witnesses Mr. Umesh Rambade and Mr. Rohit Sawant. The company confirmed that the Reports of the Statutory Auditor and Secretarial Auditor contained no qualifications or observations requiring board explanation.

Voting results have been submitted to stock exchanges in compliance with SEBI Listing Regulations. The detailed scrutinizer's report is available on the company's website.