Sharat Industries Limited concluded its 36th Annual General Meeting (AGM) on September 30, 2026, with all five proposed resolutions passing with the requisite majority. The meeting was conducted via video conferencing, reflecting continued adherence to digital governance norms.

The agenda included the adoption of audited standalone and consolidated financial statements for FY26, alongside key directorial changes. Mr. Shanmugam P was re-appointed as a director retiring by rotation, while Mr. Swayze Mani was approved for a second term as an independent director for five consecutive years.

Key Resolutions and Voting Outcomes

Shareholders voted on matters ranging from financial approvals to related party transactions. Notably, two material related party transactions (RPTs) were approved, with promoter group abstaining from voting as per regulatory requirements.

What the Numbers Show

A distinct divergence in voting patterns is evident between general corporate matters and related party transactions. For standard resolutions like financial adoption and director appointments, promoters cast 17,623,141 votes, constituting nearly 99.8% of their holding. However, for the two material RPTs involving Katayini Aquatech and S P Enterprises, promoter votes dropped to zero, as they were barred from voting due to their interest in these transactions. Consequently, the total votes polled for RPTs fell sharply to 1,051,275, representing only 2.68% of outstanding shares, compared to 47.62% for other resolutions. This highlights that public shareholders alone determined the outcome of related party dealings.

Meeting Logistics and Scrutiny

The AGM commenced at 11:00 am and concluded by 11:45 am. A total of 43 participants attended virtually, comprising two from the promoter group and 41 from the public. The e-voting facility remained open from September 26 to September 29, 2026. Gopinath Manohar of BP & Associates served as the scrutinizer, certifying the results under Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

Sharat Industries will hold its 36th Annual General Meeting (AGM) on Wednesday, September 30, 2026, at 11:00 am via video conference or other audio-visual means. The company’s register of members and share transfer books will remain closed from September 23, 2026, to September 30, 2026, both days inclusive.

The meeting notice and the annual report for FY25-26 were dispatched electronically to members with registered email addresses on August 28, 2026. The documents are also available on the company’s website and the BSE Limited portal.

E-Voting Details

Shareholders holding equity shares as of the cut-off date of September 23, 2026, are eligible to vote. The company has engaged CDSL for the e-voting facility. Remote e-voting will commence on Saturday, September 26, 2026, at 9:00 am and conclude on Tuesday, September 29, 2026, at 5:00 pm.

Members who cast their votes via remote e-voting prior to the AGM may attend the meeting but cannot vote again. Those who have not voted remotely can participate in e-voting during the AGM. M/s. BP & Associates, Company Secretaries, Chennai, has been appointed as the scrutinizer for the e-voting process.

Compliance and Contact Information

The intimation was issued in compliance with Section 91 of the Companies Act, 2013, Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and MCA General Circular No. 03/2025. N. Ganesan, Chief Financial Officer, Company Secretary, and Compliance Officer, confirmed the details in a communication to BSE Limited dated September 7, 2026.

The company’s corporate office is located in Chennai, while its registered office and processing plants operate in Nellore, Andhra Pradesh.