Sharda Motor Industries has closed its trading window for dealing in securities effective October 1, 2026. The closure will remain in force until forty-eight hours after the declaration of the company's financial results for the second quarter of the financial year 2026-27.

This action is taken pursuant to the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. The restriction applies to all designated persons, connected persons, and their relatives as per the company's internal code of practices for fair disclosures.

The company stated that the date of the Board meeting to consider and approve the Q2FY27 financial results will be communicated separately in due course. This intimation was filed with BSE Limited and National Stock Exchange of India Limited on September 29, 2026.

Compliance details

The trading window closure is mandated under Clause 4 of Schedule B read with Regulation 9 of the PIT Regulations. The company's policy, titled "SMIL Code of Practices and Procedures for Fair Disclosures of Unpublished Price Sensitive Information and Code of Conduct for Regulating, Monitoring and Reporting of Trading by Insiders," governs these restrictions.

The filing was signed by Iti Goyal, Assistant Company Secretary and Compliance Officer, confirming the compliance with regulatory norms regarding unpublished price sensitive information.

Sharda Motor Industries Limited held its 41st Annual General Meeting on September 24, 2026. The meeting, conducted via video conferencing, saw shareholders adopt the audited standalone and consolidated financial statements for the financial year ended March 31, 2026.

The Board of Directors reported strong growth for FY26, driven by resilient domestic automotive demand and expansion in the lightweighting business. The company also highlighted growth in exports and the strengthening of its emissions systems segment. Strategic initiatives, including a technology partnership with Donghee Industrial Company Limited of South Korea, were cited as key contributors to performance.

Resolutions passed

Shareholders approved several ordinary and special business items during the meeting. The final dividend for FY26 was declared, and Kishan N Parikh was re-appointed as Director, retiring by rotation. Additionally, Ajay Relan was re-appointed as Whole Time Director, designated as Executive Chairperson.

The meeting also approved remuneration payments to Ajay Relan exceeding threshold limits under SEBI regulations and commission payments to Navin Paul, Non-Executive Independent Director. The remuneration for Gurdeep Singh & Associates, Cost Auditors, was ratified.

Voting results and scrutiny

The company has submitted the consolidated scrutinizer's report and voting results to stock exchanges on September 25, 2026. The remote e-voting period ran from September 21 to September 23, 2026, via CDSL. Vineet K Chaudhary of VKC & Associates served as the Scrutinizer.

All eight resolutions were passed with requisite majorities. Key voting outcomes include:

The re-appointment of Ajay Relan and the approval of his remuneration saw the highest dissent among public shareholders, with approximately 4% of votes cast against these items. Institutional holders accounted for the majority of votes against these specific resolutions.

Meeting proceedings

The AGM commenced at 12:00 noon and concluded at 12:56 pm. Nitin Vishnoi, Executive Director and Company Secretary, managed the proceedings. Key directors present included Ajay Relan, Kishan N Parikh, Udayan Banerjee, and Navin Paul. Dr. Sarita Duper, Independent Director, could not attend.

Voting was conducted through remote e-voting via CDSL from September 21 to September 23, 2026, and live e-voting during the meeting. The combined voting results have been declared and submitted to stock exchanges.