Sihora Industries Limited passed both ordinary resolutions proposed at its third Annual General Meeting (AGM) held on September 26, 2026. The meeting, conducted via video conferencing, saw unanimous support for the adoption of financial statements and the reappointment of a director.

The company reported that out of 217 shareholders on record as of September 19, 2026, only 14 participated in the meeting through video conferencing. Voting was conducted exclusively through remote e-voting prior to the meeting and remote electronic voting during the session, with no physical attendance recorded for promoters or public shareholders in person.

Resolution outcomes

Two ordinary resolutions were placed before shareholders. The first sought approval for the adoption of audited financial statements and reports of the Board of Directors and Auditors for the financial year ended March 31, 2026. The second resolution concerned the reappointment of Mr. Chirag Rameshhai Dhameliya (DIN: 10622026), who retired by rotation and was eligible for reappointment.

Both resolutions were passed with 100% votes in favor and zero votes against. No invalid votes were recorded across any shareholder category.

Voting pattern analysis

The voting data reveals a distinct concentration of power among promoter entities. Promoters and the promoter group, holding 37,27,400 shares, cast all their votes in favor of both resolutions. This group represents approximately 70% of the total outstanding equity shares.

Public non-institutional shareholders held 16,00,000 shares but exercised voting rights on only 3,52,000 shares, representing a 22% participation rate within this category. Institutional public shareholders held no shares and consequently cast no votes. The overall turnout was 40,79,400 votes polled against 53,27,400 outstanding shares, resulting in a 76.57% participation rate on outstanding shares.

What the numbers show

The voting results highlight a significant divergence between shareholding concentration and public engagement. While promoters voted 100% of their holdings, public non-institutional investors utilized less than a quarter of their eligible votes. This pattern suggests that decision-making authority remains heavily centralized with the promoter group, who alone could have carried the resolutions regardless of public turnout, given their majority stake.

Meeting details

The scrutinizer’s report, submitted by Hardikkumar Jetani of M/s. Hardik Jetani & Associates, confirmed the fairness and transparency of the voting process conducted through the National Securities Depository Limited (NSDL) platform. The results were declared by Chairman and Managing Director Gautam Vallabhbhai Sihora.

Sihora Industries has scheduled its third annual general meeting for September 26, 2026, to approve the audited financial statements for FY26. The board also placed the reappointment of Non-Executive Director Mr. Chirag Rameshbhai Dhameliya before shareholders.

The Board of Directors convened on September 2, 2026, at the company's registered office in Surat. The meeting commenced at 4:00 pm and concluded at 4:40 pm. During the session, directors approved the draft annual report and the notice for the upcoming AGM.

Key Agenda Items

The primary business for the AGM includes:

• Adoption of the audited financial statements for the financial year ended March 31, 2026, along with the reports of the Board of Directors and Auditors.
• Reappointment of Mr. Chirag Rameshbhai Dhameliya (DIN: 10622026), who retires by rotation and is eligible for reappointment.

Mr. Dhameliya, a Civil Engineering graduate from Gujarat Technological University, has over six years of experience in textiles and narrow woven fabrics. He was appointed as a Non-Executive Director in May 2024 and attended all 13 board meetings in FY25-26. He holds no shares in the company as of March 31, 2026, and draws no remuneration.

AGM and E-Voting Details

The company will hold its 3rd Annual General Meeting on Saturday, September 26, 2026, at 3:00 pm IST. The meeting will be conducted through Video Conferencing or Other Audio-Visual Means in compliance with Ministry of Corporate Affairs and SEBI circulars.

Since the entire shareholding is in dematerialised form, the Register of Members and Share Transfer Books will not be closed. Shareholders recorded in the Register of Members or Register of Beneficial Owners as on the cut-off date of September 19, 2026, are entitled to vote.

National Securities Depository Limited (NSDL) has been appointed as the Remote E-Voting Agency. The e-voting facility will be available from 9:00 am on Wednesday, September 23, 2026, until 5:00 pm on Friday, September 25, 2026. CS Hardikkumar Jetani (Membership No. FCS: 13678; CP No: 22171) serves as the Scrutinizer for the process.

Members who have cast their votes via remote e-voting can attend the AGM but cannot vote again during the meeting. Those who have not voted remotely can exercise their voting rights during the AGM.