Shanti Guru Industries Limited held its 16th Annual General Meeting on September 25, 2026, with all three resolutions receiving 96.93% votes in favour, as confirmed in the scrutinizer report submitted by A.K. Jain & Associates, Company Secretaries.

The meeting was conducted via Video Conferencing and Other Audio Visual Means. Shareholders voted on the adoption of audited financial statements for FY26, the appointment of a director retiring by rotation, and the reappointment of a Whole-time Director. The AGM notice, dated August 28, 2026, was dispatched electronically to shareholders whose email addresses were registered with the company or depositories.

Voting results

All three resolutions were put to vote through remote e-voting and e-voting at the AGM, facilitated by Central Depository Services (India) Limited. The remote e-voting window remained open from September 22, 2026 to September 24, 2026. Shareholders holding shares as on the cut-off date of September 18, 2026 were eligible to vote. The following table presents the consolidated voting outcome:

All resolutions were passed with the requisite majority. No votes were cast during the AGM itself; all 44,99,000 valid votes were received through remote e-voting prior to the meeting.

Key resolutions passed

Shareholders approved the following items during the proceedings:

• Adoption of financial statements, Board of Directors' report, and auditors' report for FY26.
• Appointment of Sarika S. Sanghvi as a Director retiring by rotation.
• Reappointment of Sarthak Sanghvi as Whole-time Director for a three-year term from December 2, 2026, to December 1, 2029.

Governance and compliance updates

The Chairman addressed observations from the Secretarial audit report, noting that the Audit, Nomination & Remuneration, Stakeholders Relationship, and Risk Management Committees were reconstituted on August 25, 2025, to ensure compliance with the Companies Act, 2013. The company also confirmed the appointment of a Woman Director and stated it would strengthen internal systems to ensure timely disclosures under SEBI regulations. The company reported that the retail industry continues to struggle with margins, though it is taking steps to address these challenges.

The scrutinizer report was submitted by A.K. Jain & Associates on September 26, 2026. The e-voting records were unblocked at 1:12 pm on September 25, 2026, after the closure of voting at the AGM. All relevant e-voting records will remain in the scrutinizer's custody until the Chairman approves and signs the minutes of the AGM, after which they will be handed over to the Chairman or Company Secretary.

Promoter Sarthak Sanghvi Shripal Sanghvi has increased his stake in Shanti Guru Industries to 6.63% of the voting capital following the acquisition of 1,71,000 equity shares. The open market purchases, valued at Rs.10 each, were executed between June 29 and July 31, 2026, bringing his total holding to 8,16,000 shares from a previous position of 6,45,000 shares which represented 5.24% of the voting capital.

The disclosure was filed with BSE Limited on July 31, 2026, pursuant to Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Sarthak Sanghvi, identified as part of the promoter group with DIN 10277570 and PAN FHQPS9426C, confirmed that all acquisitions occurred during non-trading window periods. The company’s total equity share capital remains unchanged at 1,23,10,000 equity shares of Rs.10 each.

Acquisition Details

The share purchases were spread across multiple dates over a one-month period. The largest single-day acquisition occurred on July 2, 2026, when 33,000 shares were bought. The subsequent transactions are detailed below:

Shareholding Structure

Prior to this acquisition, Sarthak Sanghvi held 6,45,000 shares, comprising 5.24% of the voting capital. This earlier holding was declared in a SEBI SAST filing on March 31, 2026. Following the recent additions, his total voting rights stand at 6.628% of the total diluted share capital. There are no encumbrances, pledges, or liens on these shares, nor are there any warrants or convertible securities held by the acquirer.

What the Numbers Show

The consistent accumulation of shares over a month suggests a deliberate strategy to consolidate promoter ownership rather than opportunistic trading. By acquiring shares exclusively during non-trading windows, the promoter adhered to insider trading regulations while steadily increasing control. The increase from 5.24% to 6.63% represents a significant relative growth in the promoter's stake, potentially signaling confidence in the company’s long-term prospects amidst stable total equity capital.