Shradha AI Technologies Limited announced the cessation of Kalpesh Bafna as an Independent Director, effective September 30, 2026. His departure marks the conclusion of his second term, in compliance with regulatory tenure limits.

Regulatory compliance and tenure completion

The company filed a disclosure with the Metropolitan Stock Exchange of India and BSE under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing confirms that Bafna’s appointment as an Independent Director concluded upon the expiry of the maximum permissible tenure allowed under the Companies Act, 2013. Consequently, he ceased to be a member or chairman of any Board committees from the close of business hours on the effective date.

Key details of the cessation

The disclosure provides specific details regarding the change in management structure as required by SEBI circulars. The following table outlines the particulars of the director's exit:

The company affirmed that no other relationships between directors were applicable for this disclosure, as the event pertains to cessation rather than appointment. The filing was signed by Harsha Santosh Kalangiwale, Company Secretary and Compliance Officer.

Shradha AI Technologies declared the consolidated voting results for its 37th Annual General Meeting (AGM) held on September 8, 2026. The company confirmed that all four resolutions placed before shareholders were passed with the requisite majority.

The meeting was conducted through video conferencing and other audio-visual means. A quorum of 41 members was present during the session, which commenced at 11:30 am and concluded at 11:55 am. Managing Director Sunil Raisoni presided as Chairman of the meeting.

Voting Participation

As on the cut-off date of September 1, 2026, the company had 16,161 shareholders. A total of 68 shareholders exercised their vote through the remote e-voting process, comprising five from the promoter group and 63 from the public category. Additionally, 41 shareholders attended the meeting via video conferencing to cast their votes electronically during the session.

The total number of votes polled across all resolutions was 42,676,528, representing approximately 70.02% of the outstanding shares held by eligible voters.

Key Resolutions Passed

Shareholders approved several ordinary and special resolutions during the session. The key outcomes included:

Dividend Declaration

The company confirmed a final dividend of ₹0.60 per equity share for the financial year 2025-2026. This represents a dividend yield of 30% on the face value of the shares. The resolution received unanimous support, with all 42,676,528 polled votes cast in favour.

Governance Updates

Mrs. Archana Pankaj Bhole retired by rotation and offered herself for re-appointment, which was approved by shareholders. The resolution saw 42,676,431 votes in favour and 97 votes against. Additionally, Mr. Raunak Gandhi was appointed as an Additional Independent Director through a special resolution, which received 42,676,446 votes in favour and 82 votes against.

Meeting Details

CS Riddhita Agrawal served as the scrutinizer for the e-voting process. Voting results were declared in accordance with the Companies Act, 2013, and SEBI Listing Regulations.