Shareholders of Shivalik Bimetal Controls approved an amendment to the Articles of Association at the Annual General Meeting held on September 2, 2026. The resolution enables future capital raising initiatives and corporate actions.

The amendment is enabling in nature. It does not authorize or result in the immediate issuance of any securities. Future issuances will remain subject to the Companies Act, 2013, SEBI regulations, and necessary shareholder approvals.

Resolution Details

The Board of Directors proposed the amendment to provide greater flexibility for undertaking corporate actions. Shareholders passed the special resolution after utilizing remote e-voting facilities available from August 30, 2026, at 9:00 am to September 1, 2026, at 5:00 pm.

Scope of Amendment

The updated Articles of Association incorporate provisions permitting the issuance of various instruments as permissible under applicable laws. These include:

• Equity shares
• Convertible securities
• Warrants
• Other approved securities or instruments

Any future issuance will require compliance with statutory requirements and regulatory approvals. The company disclosed this development pursuant to Regulation 30 of SEBI (Listing Obligations & Disclosure Requirement) Regulations, 2015.

Shivalik Bimetal Controls held its 42nd Annual General Meeting on September 2, 2026. The company reappointed Managing Director Mr. Kabir Ghumman and approved the appointment of M/s Walker Chandiok & Co. LLP as its statutory auditor for a five-year term.

The meeting was conducted via Video Conferencing and Other Audio Visual Means (OAVM) in compliance with the Companies Act, 2013. A total of 67,490 members were on record as of August 26, 2026. Of these, 7 promoter group members and 83 public members attended the virtual session.

Governance and Appointments

The shareholders approved several key governance resolutions during the proceedings:

• Director Reappointment: Mr. Kabir Ghumman was reappointed 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.
• Statutory Auditor: 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.
• Cost Auditor: The remuneration of Mr. Ramawatar Sunar, Cost Auditor, was ratified for FY27. He has over 43 years of experience in cost accounting and indirect taxes.

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

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.