Shalimar Wires Industries Limited will convene a board meeting on July 4, 2026, to consider and approve the appointment of an Independent Director. The meeting is scheduled to be held through audio-visual means. This appointment is intended to strengthen the governance structure of the company.

Board Meeting Details

The Board of Directors will meet to deliberate on the appointment of the Independent Director. The meeting follows Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Information

The company secretary, S.K. Kejriwal, confirmed the meeting schedule in a communication to the Bombay Stock Exchange Limited. The appointment is subject to the necessary approvals.

Shalimar Wires Industries Limited shareholders approved the re-appointment of its top leadership for a three-year term during the 30th Annual General Meeting held on June 30, 2026. The meeting, conducted via video conferencing, saw 108 members participate, including authorized representatives of corporate bodies. The resolutions passed secure the continuity of the company's executive management and establish its cost audit framework for the upcoming financial year.

Board and Leadership Approvals

The Board's proposal to re-appoint Mr. Sunil Khaitan as Managing Director was approved. His tenure is set for three years effective from April 1, 2026. Additionally, shareholders sanctioned the re-appointment of Mr. Vedant Khaitan as Joint Managing Director for a three-year period starting June 1, 2026. Both appointments are subject to the terms and conditions regarding remuneration outlined in the explanatory statement, and their offices remain liable to determination by the retirement of directors by rotation.

Statutory Appointments

In matters concerning statutory compliance, the meeting approved the appointment of M/s. Mitra Bose & Associates, Cost Accountants, as the Cost Auditor for the financial year ending March 31, 2027. The firm, holding Registration No. 000037, was appointed by the Board of Directors. The total remuneration fixed for the audit of the company's cost records is ₹50,000 plus GST.

Financial and Operational Oversight

The adoption of the Audited Financial Statements for the financial year ended March 31, 2026, along with the Reports of the Board of Directors and Auditors, was approved as an ordinary resolution. The Chairman confirmed that the Auditors' and Secretarial Auditors' reports contained no qualifications, allowing them to be taken as read. Mr. Vedant Khaitan, who retires by rotation, was also re-appointed as a Director.

Shareholder Participation

The meeting facilitated remote e-voting from June 26 to June 29, 2026, and allowed e-voting during the AGM for eligible members. Mr. Mohan Ram Goenka, Practising Company Secretary, served as the Scrutinizer. A total of 25 shareholders registered to speak, with 16 raising questions regarding the company's operations, which were addressed by Mr. S.J. Sengupta, President & CFO.