Shree Salasar Investments Limited has regularized Sumesh Ashok Mishra as a Non-Executive Independent Director following shareholder approval at the Annual General Meeting held on September 29, 2026. The company also re-appointed Chetana Ramakant Dasare as a Director and appointed a new statutory auditor for the next five years.

Board composition updates

Mishra, who was initially appointed as an Additional Non-Executive Independent Director effective September 5, 2026, is now formally regularized for a five-year term. He is not liable to retire by rotation. The company confirmed that neither Mishra nor Dasare has been debarred from holding office by SEBI or any other authority.

Dasare, who retired by rotation at the meeting, was re-appointed as a Non-Executive Non-Independent Director based on the recommendation of the Nomination and Remuneration Committee. Her new term commenced on September 29, 2026, and she remains liable to retire by rotation.

Auditor appointment

The shareholders approved the appointment of M/s B. L. Dasharda & Associates as the Statutory Auditor. The firm will hold office from the conclusion of this AGM until the conclusion of the sixth AGM, covering financial years FY27 through FY31.

New committee structures

The company disclosed the revised composition of key board committees effective September 5, 2026. Ananda Bhattacharya serves as Chairman for all three committees listed below, with Rishabh Verdia and Sumesh Mishra serving as members.

Director profiles

Sumesh Ashok Mishra is a Chartered Accountant and MBA professional with expertise in financial services and real estate. He currently holds directorships in several entities including Lighthouse Realty Solutions Private Limited and Arkade Developers Limited.

Chetana Ramakant Dasare is an MBA professional specializing in marketing and sales. Her expertise includes business development, market analysis, and customer relationship management.

Shree Salasar Investments Limited passed a special resolution to issue 18,50,000 warrants on a preferential basis through remote e-voting. The vote concluded on September 22, 2026, following a corrigendum to the notice for the Extra Ordinary General Meeting (EGM) held in March 2026.

The company re-opened voting exclusively for Item No. 1, which pertained to the Objects of the Issue for the private placement of warrants to the promoter and certain identified non-promoters. This procedural step was necessary to rectify the explanatory statement details from the original notice dated February 26, 2026.

Voting Results Breakdown

The scrutinizer’s report confirmed that the resolution secured the requisite majority. A total of 14 shareholders participated in the remote e-voting process out of 339 eligible shareholders as of the cut-off date of March 16, 2026.

What the Numbers Show

The voting pattern reveals an extreme concentration of shareholding influence. While 12 members voted in favour, they represented 5,282,960 shares, whereas the two dissenting votes accounted for only 2 shares. This indicates that the promoters and major institutional or individual holders likely controlled the outcome, with retail participation having negligible impact on the result. The near-zero dissent suggests strong alignment among significant stakeholders regarding the preferential allotment terms.

Procedural Details

The e-voting window remained open from September 16, 2026, to September 22, 2026. Mayank Arora & Co., Company Secretaries, served as the scrutinizer and verified the data generated by Purva Sharegistry (India) Pvt Ltd. The Managing Director, Shailesh Hingarh, signed off on the submission to BSE Limited confirming the passage of the resolution.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE315N01017/49539dbf-1d00-4feb-af29-72923b40d65c.pdf