Sedemac Mechatronics shareholders approved the company's audited financial statements for the fiscal year ended March 31, 2026, during its 19th Annual General Meeting. The meeting was held on September 9, 2026, via video conferencing.

The gathering addressed standard ordinary business and special resolutions. Ms. Poyni Bhatt chaired the proceedings, which commenced at 10:30 am. Members were informed that the statutory and secretarial auditors' reports contained no qualifications, adverse remarks, or disclaimers for the relevant period.

Resolutions Passed

Shareholders voted on four key resolutions during the meeting. All proposals were categorized as ordinary resolutions.

Mr. Manish Sharma (DIN: 01310490) was re-appointed as a director liable to retire by rotation. The members also ratified the remuneration of the cost auditors for the upcoming financial year 2026-27.

Meeting Proceedings

The Company Secretary and Compliance Officer, Mr. Prasad Chavan, introduced the board members and outlined regulatory matters. He confirmed the presence of representatives from M/s. B S R & Co. LLP, the statutory auditors, and M/s. Niles Shah & Associates, the secretarial auditors.

Mr. N. S. Parthasarathy, Chairperson of the Nomination and Remuneration Committee, was unable to attend due to unavoidable circumstances. He authorized Ms. Poyni Bhatt to represent the committee at the meeting.

Remote e-voting was conducted through the MUFG Instavote platform from September 6, 2026, at 9:00 am to September 8, 2026, at 5:00 pm. Voting by show of hands was not conducted as e-voting facilities were provided. Mr. Mahesh Darji of M/s. Nilesh Shah & Associates served as the scrutinizer for the voting process.

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.

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.