Sibar Auto Parts Limited disclosed detailed voting results for its forty-third Annual General Meeting held on September 28, 2026. The company reported that promoters and promoter group cast 7,011,781 votes in favor of adopting the audited financial statements for FY26, representing 100% of the votes polled by this category.

The meeting, conducted via video conference, was attended by 85 members in total. According to the filing under Regulation 44 of SEBI (LODR) Regulations, 2015, 78 public shareholders participated through video conferencing, alongside 7 members from the promoter group. The total number of shareholders on record was 11,826.

Voting breakdown on financial statements

The first ordinary resolution involved the adoption of audited financial statements for FY26 along with Board and Auditor reports. The voting data highlights a unanimous stance from the promoter group, who held 7,934,631 shares. Of these, 7,011,781 votes were polled via e-voting, accounting for 88.37% of their outstanding shares. There were zero votes against this resolution from the promoter category.

No specific vote counts were disclosed for the Public-Institutions category in the provided extract, though public attendance was noted. The promoters were not listed as having any interest in the agenda or resolution.

Key resolutions and governance

The proceedings were chaired by Narayana Yadla, Chairman and Independent Director, with Pemmasani Madhu Pratap, Whole-Time Director, managing the agenda. Statutory Auditor Premkumar Chunduru and Secretarial Auditor M B Suneel were present. The notice convening the meeting and the Board of Directors' report were taken as read, having been previously circulated.

The following businesses were transacted during the meeting:

Pemmasani Madhu Pratap, who retired by rotation, offered himself for reappointment as a Director and was approved by shareholders. Separately, the special business involved the approval of the reappointment of Pemmasani Ravichandra as Managing Director. The Chairman addressed shareholder queries raised via live chat on the CDSL platform, with management responding to questions regarding operations and future prospects.

The results of the e-voting, along with the Scrutinizer's report, are to be submitted to stock exchanges and placed on the company website. The resolutions passed are effective from September 28, 2026. The meeting concluded with a vote of thanks, and additional e-voting was opened for 15 minutes for members present who had not previously cast their votes.

Sibar Auto Parts has scheduled its 43rd Annual General Meeting (AGM) for Monday, September 28, 2026, at 12:00 pm via video conference. The meeting will address the adoption of audited financial statements for FY26 and the reappointment of key board members.

The auto components manufacturer reported a significant widening in its net loss for the financial year ended March 31, 2026. The company posted a net loss of ₹159.09 lakh, compared to a net loss of ₹67.92 lakh in the previous year. This deterioration occurred despite a robust top-line performance, with revenue from operations rising by 21.8% year-on-year to ₹2,694.20 lakh from ₹2,211.68 lakh.

Financial Performance

The divergence between revenue growth and profitability highlights increased operational costs during the period. While revenue expanded significantly, the company recorded a profit before tax (PBT) loss of ₹158.24 lakh, up from ₹68.43 lakh in FY25.

Finance charges stood at ₹9.05 lakh in FY26, down sharply from ₹28.98 lakh in the prior year. Depreciation remained stable at ₹54.22 lakh for both years. Other income decreased slightly to ₹20.25 lakh from ₹23.43 lakh.

What the Numbers Show

The widening net loss despite lower finance costs points to higher operating expenses or cost of materials consumed as the primary drag on profitability. Revenue grew by nearly 22%, yet the pre-tax loss more than doubled. This suggests that gross margins may have contracted or operating leverage was not achieved during the period, as the savings in interest costs were insufficient to offset the operational deficit.

Corporate Governance and AGM Agenda

Shareholders will vote on the reappointment of Pemmasani Madhu Pratap as Whole-Time Director, who retires by rotation. Additionally, a special resolution will seek approval for the reappointment of Managing Director Pemmasani Ravichandra for a three-year term starting August 14, 2026. His proposed remuneration is ₹31.20 lakh per annum, along with specific perquisites and a commission of 3% on net profits.

The Board did not recommend any dividend for the year ended March 31, 2026. The company’s equity share capital remains unchanged at ₹165.25 crore.