Schaeffler India Submits 63rd AGM Proceedings to Stock Exchanges Under Regulation 30
Schaeffler India Limited has formally submitted the proceedings of its 63rd Annual General Meeting to stock exchanges, demonstrating regulatory compliance under SEBI Listing Regulations. The AGM successfully addressed key corporate governance matters including financial statement adoption, dividend approval, and statutory auditor appointments while providing comprehensive shareholder engagement through video conferencing and e-voting facilities.
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Schaeffler India Limited has submitted detailed proceedings of its 63rd Annual General Meeting to BSE Limited and National Stock Exchange of India Limited, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The AGM was successfully conducted on April 30, 2026, through video conferencing facilities from 3:30 p.m. to 5:29 p.m. IST.
Regulatory Compliance and Documentation
The company formally communicated the AGM proceedings to both stock exchanges, with BSE company code 505790 and NSE symbol SCHAEFFLER. The submission was digitally signed by Mr. Ashish Tiwari, VP - Legal & Company Secretary, ensuring compliance with statutory requirements. The deemed venue for the meeting was the company's registered office at 15th Floor, Amar Sadanand Tech Park, Baner, Pune, Maharashtra.
| Exchange Details: | Information |
|---|---|
| BSE Company Code: | 505790 |
| NSE Symbol: | SCHAEFFLER |
| Submission Date: | April 30, 2026 |
| Meeting Duration: | 3:30 p.m. to 5:29 p.m. IST |
| Venue: | 15th Floor, ASTP, Baner, Pune |
Meeting Structure and Leadership
Ms. Eranti Sumithasri, Chairwoman and Independent Director, presided over the meeting after confirming the presence of a valid quorum. All directors of the company were present for the AGM, with key leadership including Mr. Harsha Kadam as Managing Director & CEO and Ms. Hardevi Vazirani as Director – Finance & CFO.
| Key Personnel Present: | Designation |
|---|---|
| Ms. Eranti Sumithasri | Chairwoman and Independent Director |
| Mr. Harsha Kadam | Managing Director & CEO |
| Ms. Hardevi Vazirani | Director – Finance & CFO |
| Mr. Ashish Tiwari | VP – Legal & Company Secretary |
| Mr. N. V. Sivakumar | Chairperson of Audit Committee |
| Mr. Arvind Balaji | Chairperson of Nomination and Remuneration Committee |
AGM Agenda and Resolutions
The meeting addressed five primary resolutions covering financial statements adoption, dividend declaration, director re-appointment, and auditor appointments. The Chairwoman delivered a comprehensive presentation on key developments and company performance for 2025, including global and Indian economic overview, Q1 FY2026 performance updates, and FY2026 outlook.
| Resolution Items: | Details |
|---|---|
| Financial Statements | Audited Standalone and Consolidated Financial Statements for year ended December 31, 2025 |
| Dividend Declaration | Dividend on Equity Shares for Financial Year ended December 31, 2025 |
| Director Re-appointment | Mr. Jens Schüler (DIN: 10422738) retiring by rotation |
| Statutory Auditors | Price Waterhouse, Chartered Accountants LLP for 5 consecutive years |
| Cost Auditors | Ratification of Cost Auditors remuneration |
E-voting and Participation
The company provided comprehensive e-voting facilities through National Securities Depository Limited services. The e-voting period was available from April 27, 2026, at 9:00 a.m. IST until April 29, 2026, at 5:00 p.m. IST, with additional facilities during the AGM and for 15 minutes after conclusion. Representatives from Walker Chandiock & Co LLP served as Statutory Auditors, while Mr. Suresh Kumar Kabra from Samdani Kabra & Associates acted as Secretarial Auditors and Scrutinizer.
Auditor Reports and Q&A Session
The Chairwoman confirmed that the Auditor's Report contained no qualifications, observations, or adverse comments affecting the company's functioning. The meeting included a Question & Answer forum for registered speakers, with responses provided by the Managing Director & CEO and Director – Finance & CFO. The company committed to responding to email questions from members directly. Voting results will be declared within statutory timelines and made available on multiple platforms including company website, NSDL website, and stock exchange websites.
Historical Stock Returns for Schaeffler India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.67% | -3.82% | +3.51% | +4.49% | +25.65% | +289.19% |
What strategic initiatives will Schaeffler India implement in FY2026 to achieve their stated outlook and performance targets?
How might the 5-year appointment of Price Waterhouse as statutory auditors impact the company's audit processes and governance standards?
What are the expected market conditions and industry challenges that could affect Schaeffler India's performance in the upcoming quarters?
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