Singer India AGM concludes with clean audit reports
Singer India Limited completed its 48th AGM on August 7, 2026, with no adverse remarks from statutory or secretarial auditors for FY26. Key agenda items included adopting financial statements, declaring a final dividend, and re-appointing director Gavin John Walker. The meeting was held virtually with full quorum compliance.
*this image is generated using AI for illustrative purposes only.
Singer India Limited held its 48th Annual General Meeting (AGM) on August 7, 2026, marking a clean regulatory slate for the fiscal year ended March 31, 2026. The meeting, conducted through Video Conferencing (VC) and Other Audio-Visual Means (OAVM), confirmed that both the statutory and secretarial auditors found no qualifications, observations, or adverse remarks in their respective reports. This outcome provides assurance to shareholders regarding the company’s compliance posture and financial reporting integrity for FY26.
The proceedings were led by Sunil Duggal, Chairperson, and Rakesh Khanna, Vice Chairman and Managing Director. The quorum was present throughout the session, which commenced at 1:30 P.M. IST and concluded at 3:10 P.M. IST. Non-Executive Directors Kalliopi Tsiagka and Gavin John Walker were absent from the virtual gathering. Representatives from B S R & Co. LLP, the statutory auditors, and H.O. Gulati & Co., the secretarial auditors, attended the meeting to address any queries regarding their reports.
Shareholders considered three ordinary resolutions during the AGM. The agenda included the adoption of the audited financial statements for FY26, the declaration of a final dividend on equity shares, and the re-appointment of Gavin John Walker (DIN: 01216863), who retires by rotation. The Board had appointed Varuna Mittal & Associates as the scrutinizer to oversee the e-voting process, which ran from August 4 to August 6, 2026.
| Item No. | Resolution Details | Type |
|---|---|---|
| 1 | Adoption of Audited Financial Statements for FY26 | Ordinary |
| 2 | Declaration of Final Dividend on Equity Shares | Ordinary |
| 3 | Re-appointment of Director Gavin John Walker | Ordinary |
Rakesh Khanna addressed members on the company’s performance during FY25-26, outlining vision and future expansion plans. He also responded to queries raised by registered speakers during the virtual session. The Company Secretary, Rupinder Kaur, confirmed that all requisite registers and documents were available for electronic inspection during the meeting.
Compliance and Governance
The AGM was conducted in accordance with the Companies Act, 2013, Secretarial Standards, and SEBI Listing Regulations. In compliance with Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Registrar and Share Transfer Agent informed members without registered email addresses about the availability of the Annual Report on the company’s website. The proxy appointment facility was not applicable due to the electronic nature of the meeting.
The scrutinizer will consolidate remote e-voting and in-meeting e-voting results, with the final outcome to be declared within two working days. The results will be published on the company’s website and uploaded to the BSE and NSE portals. The deemed venue of the meeting was the company’s registered office in New Delhi.
Historical Stock Returns for Singer
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.15% | +5.53% | -2.69% | -3.54% | -3.54% | -3.54% |
What specific expansion strategies did Rakesh Khanna outline for FY27, and how are they expected to impact Singer India's market share in the sewing machine sector?
How does the declared final dividend per equity share compare to previous years, and what does this signal about the company's cash flow management and shareholder return policy?
Given the clean audit reports, are there any pending regulatory observations from prior years that were resolved, or does this reflect a consistent compliance track record?
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