Shalimar Wires Industries shalimar wires industries has confirmed the dispatch of notices for its Extraordinary General Meeting (EGM) scheduled for Tuesday, August 25, 2026. The meeting aims to appoint Sanjay Kumar Kaushik as a Non-Executive and Non-Independent Director, a move intended to leverage his over 27 years of manufacturing experience to strengthen the company’s governance framework. The Board of Directors approved the appointment on July 4, 2026, based on recommendations from the Nomination and Remuneration Committee.

The company published advertisements in "Financial Express" (all editions) and "EKDIN" (Bengali) on August 5, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The EGM notice was electronically dispatched to shareholders on August 3, 2026, and is available on the company’s website and the Bombay Stock Exchange (BSE) portal. The meeting will be conducted via Video Conferencing (VC) or Other Audio-Visual Means (OAVM), allowing remote participation from registered locations.

Key Dates and Voting Details

Shareholders must hold shares as of the cut-off date to exercise voting rights. National Securities Depository Limited (NSDL) facilitates remote e-voting and provides the VC/OAVM platform. The facility for appointing proxies is unavailable due to the virtual nature of the meeting, though body corporates may appoint authorized representatives.

Remote e-voting commences on Friday, August 21, 2026, at 9:00 a.m. and concludes on Monday, August 24, 2026, at 5:00 p.m. Only members registered in the shareholding pattern as of August 18, 2026, are eligible to vote, in compliance with Section 108 of the Companies Act, 2013 and Regulation 44 of the SEBI LODR Regulations. Members who acquire shares after the notice dispatch but hold them on the cut-off date may obtain login credentials by contacting evoting@nsdl.co.in .

Director Profile and Governance Implications

Sanjay Kumar Kaushik, who holds DIN 00329013, currently serves as a Non-Executive Director at Sunil Healthcare Limited. He holds a Bachelor of Commerce degree from Rajasthan University and has held leadership roles at Kaneeka Trimurti Minerals Private Limited. The primary agenda is a Special Resolution to approve his appointment and cap his annual remuneration at ₹12,00,000 (Rupees Twelve Lakhs only), payable as determined by the Board within statutory limits under Section 197 read with Schedule V of the Companies Act, 2013. The appointment is subject to shareholder approval under Section 152 of the Act and Regulation 17(6)(ca) of the SEBI Listing Regulations. CS Mohan Ram Goenka of MR & Associates has been appointed as Scrutinizer to ensure a transparent voting process.

What This Means for Shareholders

The strict cut-off date of August 18, 2026, is critical for investors planning to trade their holdings. Shares sold after this date will not carry voting rights for the EGM. Conversely, buyers acquiring shares on or before the cut-off date will be eligible to vote on Kaushik’s appointment and remuneration. Shareholders are advised to update their demat account details with NSDL or CDSL to access the e-voting facility seamlessly. Those wishing to speak during the virtual meeting must pre-register by sending a request from their registered email address to kejriwal@shalimarwires.com by Friday, August 14, 2026, at 5:00 p.m. The results of the e-voting will be declared within 48 hours of the meeting’s conclusion.

Shalimar Wires Industries Ltd has corrected the classification of a recent board appointment, confirming that Sanjay Kumar Kaushik has been appointed as an Additional Director in the Non-Executive Category. The company clarified that a previous regulatory filing inadvertently misidentified the role as falling under the Independent Category. The correction ensures accurate disclosure regarding the governance structure and the specific nature of the director's role within the organization.

The Board of Directors had initially approved the appointment of Mr. Kaushik during a meeting held on July 4, 2026, in Kolkata. The resolution at that time had subjectively categorized the position as Independent, pending shareholder approval. The latest communication to the exchange serves as a formal rectification of this detail, specifying that the appointment is strictly Non-Executive. The company attributed the discrepancy to an inadvertent error in the earlier report submitted on July 4, 2026.

Mr. Kaushik holds Director Identification Number (DIN) 00329013. The disclosure was formally communicated to BSE Limited by S. K. Kejriwal, the Company Secretary. The registered office of Shalimar Wires Industries Limited is located at 25, Ganesh Chandra Avenue, Kolkata.

Appointment Details