Shringar House of Mangalsutra Limited held its 17th Annual General Meeting on September 28, 2026, via video conferencing. The meeting focused on financial adoption and governance updates for FY26.

Members adopted the audited standalone financial statements for the year ended March 31, 2026. A special resolution was passed to increase the company's borrowing limits under Section 180(1)(c) of the Companies Act, 2013. This move signals potential capital expenditure or working capital needs in the coming fiscal period.

Director reappointments and remuneration

The board addressed leadership continuity and compensation adjustments. Mr. Viraj Thadeshwar was reappointed as Executive Director and CEO following his retirement by rotation. Additionally, shareholders approved increases in remuneration for three key executive directors for the period from April 1, 2026, to November 21, 2027.

Governance and voting details

The meeting commenced at 3:00 pm and concluded at 3:45 pm. All eight directors attended virtually, including Chairman and Managing Director Mr. Chetan Natvarlal Thadeshwar. Statutory auditors T R Chadha & Co LLP and secretarial auditors TVA & Co. LLP were present.

Voting results were scrutinized by Mr. Tanuj Vohra of TVA & Co. LLP. The company provided e-voting facilities through NSDL for members unable to attend remotely. The summary of proceedings and voting outcomes will be submitted to stock exchanges as per SEBI Listing Regulations.

Shringar House of Mangalsutra has scheduled its 17th Annual General Meeting for September 28, 2026. The meeting will feature a special resolution to increase the company’s borrowing limit to ₹1,000 crore.

The jewelry manufacturer will also seek shareholder approval for remuneration increases for its Chairman and Managing Director, Executive Director, and Whole-Time Director. The AGM will be conducted via video conferencing or other audio-visual means in accordance with Ministry of Corporate Affairs circulars.

Borrowing Limit Expansion

The Board proposes increasing the aggregate borrowing limit from the existing ₹300 crore to ₹1,000 crore. This expansion aims to support growing business operations, including raw material procurement, inventory management, and retail network expansion. The new limit applies apart from temporary loans obtained from bankers in the ordinary course of business.

Executive Remuneration Hikes

Shareholders will vote on salary increments for three key promoters effective April 1, 2026, through November 21, 2027:

Governance Updates

Mr. Viraj Chetan Thadeshwar retires by rotation and offers himself for re-appointment as a director. The Nomination and Remuneration Committee has recommended his re-appointment. Remote e-voting will be available from September 25, 2026, to September 27, 2026.

Shareholder Communication and KYC Compliance

In compliance with Regulation 36(1)(b) of the SEBI Listing Regulations, the company issued letters to shareholders without registered email addresses providing weblinks to the Integrated Annual Report for FY26. The report and AGM notice are hosted on the company website.

The company reminded shareholders to update KYC details pursuant to SEBI Master Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2024/37 dated May 7, 2024, read with Master Circular No. HO/38/13/(4)2026-MIRSD-POD/I/4298/2026 dated February 6, 2026. Shareholders holding physical securities must update PAN, address, mobile number, bank account details, specimen signature, and nomination choices. Payments for folios lacking these details will be made only electronically from April 1, 2026.