Shivalik Bimetal Controls Limited has accepted the resignation of Mrs. Aarti Sahni as Company Secretary. Her departure is effective from the close of business hours on December 7, 2026.

Sahni cited personal reasons for her exit. She will simultaneously cease to hold the positions of Key Managerial Personnel, Compliance Officer under SEBI Listing Regulations, and Nodal Officer under the Investor Education and Protection Fund Rules, 2016.

Regulatory Disclosure

The company issued an intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was submitted to both the Bombay Stock Exchange and the National Stock Exchange on September 7, 2026.

Role Cessation Details

Sahni also confirmed that she would relinquish her roles in all statutory committees and as a member of the POSH committee consequent to her resignation. The company stated there are no other material reasons for her departure.

Shivalik Bimetal Controls shareholders unanimously approved all seven resolutions at its 42nd Annual General Meeting held on September 2, 2026. The meeting, conducted via Video Conferencing and Other Audio Visual Means (OAVM), saw a total turnout of 90 members representing 67,490 shareholders on record as of August 26, 2026.

The company disclosed the final e-voting results and the scrutinizer's report issued by M/s Amit Saxena & Associates on September 3, 2026. All resolutions were passed with the requisite majority, confirming key governance changes and financial approvals for FY26.

Governance and Appointments

The shareholders reappointed Mr. Kabir Ghumman as Managing Director upon retirement by rotation. He holds a Bachelor’s degree in Mechanical Engineering and has been associated with the company for 16 years. He is the son of Chairman Mr. N.S. Ghumman and brother of Whole Time Director Mr. Sumer Ghumman.

M/s Walker Chandiok & Co. LLP was appointed to fill a casual vacancy effective August 7, 2026, and subsequently for a full term of 5 years, covering FY27 to FY31. The firm, established in 1935, is one of the largest audit firms in India with over 2,215 personnel. Additionally, the remuneration of Mr. Ramawatar Sunar, Cost Auditor, was ratified for FY27.

Board and Management Presence

The following directors and key personnel attended the meeting:

Ms. Aarti Sahni served as Company Secretary & Compliance Officer. The Chairman noted the demise of former Independent Director Mr. Swarnjit Singh during the opening remarks.

Financial Statements and Dividends

The auditors’ report on the standalone and consolidated financial statements for the fiscal year ended March 31, 2026, contained no qualifications, reservations, adverse remarks, or disclaimers. Consequently, the financial statements were taken as read by the shareholders.

The meeting also confirmed the payment of the interim dividend and declared the final dividend on equity shares for FY26. Specific dividend amounts were not disclosed in the immediate proceedings summary but were part of the ordinary business agenda.

Voting Process and Results

Shareholders exercised their voting rights through remote e-voting facilitated by NSDL from August 30, 2026, to September 1, 2026. M/s Amit Saxena & Associates acted as the scrutinizer for the e-voting process. As per regulatory guidelines, voting through a show of hands was not permitted, and proxies were not allowed for VC/OAVM meetings.

A total of 23,966,939 votes were polled across all resolutions, representing approximately 41.61% of the outstanding shares held by 57,604,200 equity shares. The promoter group, holding 19,362,441 shares, voted in favor of all resolutions with 100% participation. Public institutional investors polled 4,456,800 votes, while public non-institutional investors polled 147,698 votes.