Silver Oak (India) Limited shareholders approved the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026, during its 42nd Annual General Meeting held on September 29, 2026.

The meeting, conducted at the company's registered office in Dhar, Madhya Pradesh, also sanctioned key governance changes. Members voted to reappoint Vivek Chibba, who retired by rotation, and to appoint Ajay Jalota as a Non-Executive Independent Director.

Governance and leadership updates

The agenda included specific resolutions regarding the board composition. Vivek Chibba, holding DIN 06466844, was eligible for reappointment following his retirement by rotation. Additionally, Ajay Jalota, holding DIN 11923080, was appointed to serve as a Non-Executive Independent Director, enhancing the board's independent oversight capabilities.

The meeting was chaired by Shirish Jaltare, Whole-Time Director. Other attendees included Directors Prakash Gadia, Leela Kalyani, and Additional Director Ajay Jalota, alongside CFO Deepak Tare.

Audit and procedural compliance

Statutory Auditors M.K. Badjatya & Co were represented by N.K. Badjatya. The Chairman noted that there were no adverse qualifications, observations, or comments in the Auditors' Report, allowing it to be taken as read.

Neelesh Gupta served as the Scrutinizer and Secretarial Auditor. The consolidated results of remote e-voting and voting conducted at the meeting are scheduled for announcement with the Scrutinizer's Report within two working days from the conclusion of the event.

Key resolutions passed

The meeting concluded at 3:00 pm with a vote of thanks to the chair.

Silver Oak (India) Limited has scheduled its 42nd Annual General Meeting for September 29, 2026. The meeting will address ordinary business items including the adoption of financial statements and special business regarding board appointments.

The AGM is set to commence at 1:00 pm at the company’s registered office in Pithampur, Madhya Pradesh. The notice was submitted to BSE Limited on September 4, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also published a newspaper advertisement on September 5, 2026, in Free Press (English) and Choutha Sansar (Hindi), pursuant to Regulation 47 of the SEBI LODR Regulations.

Board Composition Changes

Shareholders will vote on two key director-related resolutions during the special business segment. The Board seeks approval for the re-appointment of Mr. Vivek Chibba, who retires by rotation. Additionally, shareholders will decide on the appointment of Mr. Ajay Jalota as a Non-Executive Independent Director.

Mr. Chibba, who possesses experience in administration and marketing, has served as a director since August 14, 2020. He attended all seven board meetings held during the year ended March 31, 2026. The Board recommended his re-appointment based on performance evaluation.

Mr. Jalota was appointed as an Additional Director with effect from September 3, 2026. His appointment as an Independent Director is subject to shareholder approval via a Special Resolution. If approved, he will hold office for five consecutive years, from September 29, 2026, to September 28, 2031.

Cessation of Independent Director

Mr. Suresh Kejriwal will cease to be an Independent Director of the company with effect from the end of business hours on September 27, 2026. This follows the completion of his second consecutive five-year term. The company clarified this date in a revised disclosure submitted on September 4, 2026, correcting an earlier typographical error that had cited September 28, 2026, as the cessation date.

Financial Statements Adoption

The ordinary business agenda includes the adoption of the Audited Standalone and Consolidated Financial Statements for the year ended March 31, 2026. Members will also consider the reports of the Directors and Auditors thereon. The Annual Report for the financial year 2025-26 has been sent electronically to members who have registered their email addresses.

Voting and Record Date

The record date for determining eligibility to vote is Tuesday, September 22, 2026. The register of members and share transfer books will remain closed from September 22, 2026, to September 29, 2026. Remote e-voting will be available through the CDSL e-voting system. The voting period begins on Saturday, September 26, 2026, at 9:00 am and ends on Monday, September 28, 2026, at 5:00 pm. M/s. NPG & Co., Practicing Company Secretaries, have been appointed as Scrutinizers for the voting process.