Signet Industries has appointed M/s Shilpesh Dalal & Co. as its Secretarial Auditor for a five-year term commencing from FY27. The appointment follows a board meeting held on September 5, 2026, and is subject to shareholder approval at the ensuing Annual General Meeting.

The firm replaces M/s M. Maheshwari & Associates, whose resignation was confirmed during the same meeting. The new mandate covers financial years 2026-27 through 2030-31.

Appointment Details

The Board of Directors approved the appointment based on the recommendation of the Audit Committee. The decision aligns with recent amendments to Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Auditor Profile

M/s Shilpesh Dalal & Co., based in Indore, Madhya Pradesh, holds Firm U.C.N. S2001MP041200. Established in September 2001, the firm has over 25 years of professional standing in company secretarial functions and corporate governance.

The firm’s expertise includes:

• Companies Act compliance
• Secretarial audits
• SEBI and stock exchange compliances
• IPO-related compliances
• Representation before the National Company Law Tribunal (NCLT)

The company disclosed these details under Regulation 30 of the SEBI (LODR) Regulations, 2015, read with SEBI Master Circular No. SEBI/HO/CFD/CFD/PoD2/P/0155 dated November 11, 2024.

Signet Industries approved its annual report for FY26 and scheduled its 41st Annual General Meeting (AGM) for September 30, 2026. The board also fixed the record date for the final dividend.

The company’s board of directors held a meeting on September 5, 2026, where it adopted the Board’s Report, Management Discussion & Analysis (MD&A), and Corporate Governance Report for the financial year ended March 31, 2026. The secretarial audit report for FY26 was also considered and adopted.

Key Dates and Shareholder Actions

Shareholders on record as of September 23, 2026, will be eligible to receive the final dividend for FY26, subject to shareholder approval at the AGM. The register of members will remain closed from September 24, 2026, to September 30, 2026, inclusive.

The AGM will be conducted via Video Conferencing (VC) or Other Audio Visual Means at 11:00 am on September 30, 2026. Remote e-voting eligibility is determined by the same cut-off date of September 23, 2026. Mr. Shilpesh Dalal has been appointed as the scrutinizer for the voting process.

Strategic Expansion into Energy

A significant agenda item for the upcoming AGM involves an amendment to the company’s Memorandum of Association (MOA). The board approved adding a new clause to the Main Object Clause, allowing the company to generate, transmit, and distribute electric power from conventional and non-conventional sources.

This expansion includes:

• Generating power via hydro, thermal, gas, wind, or solar sources.
• Constructing and operating power generation stations, including solar units.
• Managing captive power plants for internal use.

This move signals a strategic diversification beyond its core irrigation business, aiming to capitalize on renewable energy opportunities.

Governance Appointments

The board recommended the appointment of M/s Shilpesh Dalal & Co. as the Secretarial Auditor for the company, pending shareholder approval. Additionally, Mr. Saurabh Sangla, who retires by rotation, has offered himself for reappointment as a director.