Sidh Automobiles has scheduled its 41st Annual General Meeting (AGM) for Friday, September 11, 2026, at 12:00 pm at its registered office in New Delhi. The meeting aims to transact ordinary business, including the adoption of the audited standalone financial statements for the fiscal year ended March 31, 2026, alongside special business concerning management appointments.

Management Appointment

The primary special business item involves the regularization of the appointment of Mr. Shahabaz Nisar Ahmed Shaikh (DIN No: 11735596) as Managing Director. The Board of Directors, based on recommendations from the Nomination and Remuneration Committee, initially appointed him on May 25, 2026. Shareholders are asked to approve a five-year term commencing from that date.

The notice explicitly states that the company has inadequate profits within the meaning of Section 198 of the Companies Act, 2013. Consequently, no remuneration—whether by way of salary, commission, or perquisites—will be payable to Mr. Shaikh during his tenure unless approved by members in accordance with Schedule V of the Act. The resolution notes that his remuneration may be reviewed by the Board and placed before members for approval if deemed appropriate.

Mr. Shaikh, aged 27, brings extensive experience in corporate management. He holds no shareholding in the company and has no other directorships or relationships with other key managerial personnel.

Voting and Logistics

Shareholders holding shares as on the record date of Friday, September 4, 2026, are eligible to vote. The company has enabled remote e-voting through Central Depository Services (India) Limited (CDSL). The voting window opens on Tuesday, September 8, 2026, at 9:00 am and closes on Thursday, September 10, 2026, at 5:00 pm.

Members can vote via their demat accounts with CDSL or NSDL, or through the CDSL e-voting system for physical shareholders. Those who vote remotely will not be eligible to vote again at the physical meeting but may attend. Mr. Anuj Gupta of Anuj Gupta & Associates has been appointed as the scrutinizer to ensure a fair voting process.

Document Inspection

Statutory registers, including those for director interests and shareholding, will be open for inspection at the registered office from Monday to Friday, 10:00 am to 12:30 pm, excluding holidays. Relevant documents referenced in the notice are also available for inspection up to the date of the AGM.

Mallinath Madineni and persons acting in concert (PAC) have acquired a 4.90% stake in Sidh Automobiles through an off-market transaction. The acquisition, executed on August 17, 2026, involved the purchase of 1,45,114 equity shares, raising the group’s total holding in the company to 23.86%.

The disclosure was submitted under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing confirms that the acquirers are not part of the promoter or promoter group of Sidh Automobiles.

Acquisition Details

The following table outlines the shareholding structure before and after the transaction:

The group’s holding prior to this transaction stood at 561,800 shares, representing 18.96% of the total voting capital. Following the purchase of 1,45,114 additional shares, the total holding increased to 706,914 shares.

Acquirer Composition

The persons acting in concert with Mallinath Madineni include:

• Santan Investment Advisory LLP
• Prathima Madineni
• Tanush Madineni

Sidh Automobiles has an equity share capital of 2,962,300 equity shares of ₹10 each. The total diluted share/voting capital remains unchanged at 2,962,300 equity shares following this acquisition.