SG Mart Limited shareholders approved all eight resolutions at its 41st Annual General Meeting on September 19, 2026, including the adoption of FY26 financials and key board appointments. Voting participation stood at 61.53% of outstanding shares, with the promoter group casting 100% of its votes in favor of every resolution.

The meeting was conducted via Video Conferencing/Other Audio-Visual Means. Remote e-voting ran from September 16 to September 18, 2026, while on-the-day e-voting was available for attendees who had not voted remotely. Scrutinizer Jatin Gupta & Associates confirmed that all resolutions passed as proposed.

Voting Participation Breakdown

Total votes polled were 77,554,451 out of 126,035,200 shares held as on the record date of September 12, 2026. The promoter group, holding 72,975,000 shares, participated fully in the vote. Public institutional investors polled 27.61% of their holdings, while public non-institutional investors showed a lower participation rate of 4.31%.

Key Resolutions Approved

Shareholders voted on ordinary and special business items. The key outcomes included:

• Adoption of consolidated and standalone audited financial statements for the year ended March 31, 2026.
• Re-appointment of Amit Thakur as a Director.
• Appointment of Sanjay Gupta as Chairman & Managing Director.
• Appointment of Rohan Gupta as Whole-time Director.
• Appointment of Chakram Kumar Singh as a Non-Executive Director.
• Appointment of Shruti Shrivastava as a Non-Executive Independent Director.
• Revision in remuneration for Amit Thakur.
• Ratification of remuneration for Cost Auditors M/s HMVN & Associates for FY27.

Dissent Analysis

While promoter support was unanimous, there was notable dissent from institutional investors on specific management appointments. The re-appointment of Amit Thakur and the appointment of Sanjay Gupta as CMD each faced 1.37% dissent votes, primarily from the public-institutional category. The appointment of Rohan Gupta as Whole-time Director saw slightly higher dissent at 1.81%. All other resolutions, including the adoption of financials and cost auditor remuneration, received near-unanimous support with dissent limited to two votes.

Management Participation

Several senior executives and independent directors attended the meeting. The management team present included CFO Suraj Kumar and Company Secretary Sachin Kumar. Independent directors Prakash Kumar Singh, Dukhabandhu Rath, Neeru Abrol, Anil Kumar Bansal, and Shruti Shrivastava were also in attendance.

Strategic Focus

During the meeting, management highlighted the company's performance in FY25-26, noting growth in steel profiling products and solar structures businesses. The chairman briefed members on balance sheet strength, working capital discipline, and sustainability initiatives for FY26-27. The statutory auditors' report and secretarial audit report contained no qualifications or adverse remarks.

SG Mart has scheduled its 41st Annual General Meeting for Saturday, September 19, 2026, at 11:00 am. The meeting will be conducted via Video Conferencing or Other Audio Visual Means, in compliance with Ministry of Corporate Affairs circulars. The company confirmed on August 27, 2026, that the dispatch of the AGM notice and Annual Report for FY25-26 has been completed.

The agenda includes significant board restructuring and governance updates. Shareholders will vote on the appointment of Sanjay Gupta as Chairman & Managing Director and Rohan Gupta as Whole-time Director, both effective from July 20, 2026.

Key Board Appointments

The meeting seeks approval for several director appointments to strengthen the company’s leadership structure:

• Sanjay Gupta will be appointed as Chairman & Managing Director for a five-year term. He currently serves as CMD of APL Apollo Tubes Limited.
• Rohan Gupta will be appointed as Whole-time Director for a five-year term. His annual salary is set at ₹1 crore, with an overall remuneration ceiling of ₹3 crore per annum.
• Chakram Kumar Singh will join as a Non-Executive Non-Independent Director. His compensation includes 1,25,000 Employee Stock Options vesting over five years.
• Shruti Shrivastava will be appointed as an Independent Director for a five-year term to ensure compliance with SEBI Listing Regulations regarding board composition.

Remuneration Revisions

Shareholders will also ratify the revised remuneration for Amit Thakur, Whole-time Director. His annual remuneration increases from approximately ₹1.09 crore to ₹1.20 crore, effective April 1, 2026. The overall remuneration ceiling is enhanced from ₹1.50 crore to ₹2.00 crore per annum for the remainder of his tenure.

Cost Auditor Ratification

The meeting will ratify the remuneration of M/s HMVN & Associates as Cost Auditors for the financial year 2026-27. The approved fee is ₹40,000, excluding taxes and out-of-pocket expenses.

Voting and Participation

Remote e-voting begins on Wednesday, September 16, 2026, at 9:00 am and ends on Friday, September 18, 2026, at 5:00 pm. The cut-off date for voting rights is Saturday, September 12, 2026. Proxy appointments are not available for this virtual meeting. Shri Jatin Gupta, Practicing Company Secretary, has been appointed as Scrutinizer to oversee the e-voting process.