Sedemac Mechatronics has published the final e-voting results for its 19th Annual General Meeting (AGM) held on September 9, 2026. Shareholders approved all four proposed resolutions with near-unanimous support, confirming the adoption of the FY26 audited financial statements and the re-appointment of Mr. Manish Sharma as a director.

The meeting was conducted via video conferencing under the chairmanship of Ms. Poyni Bhatt. The statutory auditors, M/s. B S R & Co. LLP, and secretarial auditors, M/s. Niles Shah & Associates, confirmed that their reports contained no qualifications or adverse remarks for the period ending March 31, 2026.

Voting Results

The company reported a total shareholder base of 30,297 as on the cut-off date of August 31, 2026. Of these, 52 members attended the meeting through video conferencing: 4 from the promoter group and 48 from the public category.

Remote e-voting was conducted via the MUFG Instavote platform from September 6, 2026, at 9:00 am to September 8, 2026, at 5:00 pm. Mr. Mahesh Darji of M/s. Nilesh Shah & Associates served as the scrutinizer. The consolidated results show that out of 44,170,500 total shares held by eligible voters, approximately 61.8% of votes were polled across all resolutions.

Key Resolutions

Adoption of Financial Statements: The resolution to adopt the audited financial statements and reports of the Board of Directors and Auditors for the financial year ended March 31, 2026, received unanimous support. No votes were cast against this ordinary resolution.

Director Re-appointment: Mr. Manish Sharma (DIN: 01310490), who was liable to retire by rotation, was re-appointed as a director. The resolution secured 99.99% assent, with only 3,183 votes cast against it, all from the public-institutional category.

Auditor Appointments: The shareholders also passed ordinary resolutions to appoint secretarial auditors and ratify the remuneration of cost auditors for the upcoming financial year 2026-27. Both resolutions received 100% support from the votes polled.

Meeting Proceedings

Mr. Prasad Chavan, Company Secretary and Compliance Officer, introduced the board members and outlined regulatory matters. He confirmed the presence of representatives from the statutory and secretarial auditors. Mr. N. S. Parthasarathy, Chairperson of the Nomination and Remuneration Committee, was unable to attend due to unavoidable circumstances and authorized Ms. Poyni Bhatt to represent the committee.

Mr. Shashikanth Suryanarayanan, Managing Director, responded to member queries regarding operations and financial performance. The meeting concluded at 11:56 am, followed by a 15-minute window for finalizing votes. Voting by show of hands was not conducted as e-voting facilities were provided.

Sedemac Mechatronics received a Goods and Services Tax order on September 8, 2026, from the Commercial Taxes Department of Tamil Nadu. The company disclosed the development in a filing with stock exchanges on September 9, 2026.

The order pertains to notices issued under Section 73 of the CGST/SGST Act, 2017. It covers assessment periods for financial years 2022-23 and 2023-24. The Deputy Commissioner (ST), DC Krishnagiri Assessment Circle, passed the final orders via email.

What the Numbers Show

The department levied a final demand of ₹40,036 against an initial notice value of ₹83,67,448 for FY23. This represents a significant reduction in the disputed amount. For FY24, the department dropped the entire notice worth ₹1,51,29,105. No monetary demand was raised for the later period.

Regulatory Context

Sedemac Mechatronics made this disclosure under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The filing references an earlier intimation dated May 22, 2026, regarding the initial show cause notices.

The company stated that the impact on its financial or operational activities is quantifiable only to the extent of the specific demands mentioned. The FY23 demand was communicated through form DRC-07. The FY24 outcome was also conveyed via DRC-07, confirming the drop in demand.

The allegations raised by the department included four observations across both years. The department accepted the company's stance on the remaining points, leading to the dismissal of the FY24 case and a reduced liability for FY23.