Singer India Limited shareholders have overwhelmingly approved the remuneration package for Executive Vice Chairman and Managing Director Rakesh Khanna. The company announced on July 27, 2026, that the special resolution passed with 99.98% support, reflecting strong stakeholder confidence in the leadership’s compensation structure. This approval allows the company to proceed with implementing the agreed terms without further regulatory or shareholder hurdles.

The postal ballot process, conducted through remote e-voting, concluded on July 25, 2026, at 5:00 p.m. (IST). Varuna Mittal & Associates, appointed as the scrutinizer by the Board of Directors, submitted its report confirming the validity of the votes. The voting was conducted in compliance with Section 108 and 110 of the Companies Act, 2013, read with Rule 20 and 22 of the Companies (Management and Administration) Rules, 2014. Additionally, the process adhered to Regulation 44 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Voting Breakdown

The resolution required a special majority. Out of a total shareholding of 6,22,19,117 shares as on the cut-off date of June 19, 2026, 25,11,80,74 shares were polled. The promoter group, holding 1,89,67,940 shares, voted unanimously in favour. Public institutional investors also showed near-unanimous support, while non-institutional public shareholders voted 99.92% in favour.

The e-voting period ran from June 26, 2026, to July 25, 2026. The company dispatched the ballot notice via email to members registered with electronic addresses, in line with Ministry of Corporate Affairs circulars. Members without registered emails were informed via newspaper advertisements in 'Financial Express' and 'Jansatta' on June 26, 2026, to register their details. No physical ballots were dispatched or received.

Process Integrity

Varuna Mittal monitored the e-voting process through a secured link provided by National Securities Depository Limited (NSDL). After the voting window closed, the votes were unblocked in the presence of two independent witnesses not employed by the company. The electronic records were reconciled with the Registrar and Transfer Agent, MCS Share Transfer Agents Limited, to ensure accuracy. The scrutinizer’s report confirms that the resolution was deemed passed on July 25, 2026, with the requisite majority.

Singer India Limited has scheduled its 48th Annual General Meeting (AGM) for August 07, 2026, at 01:30 P.M. IST, to be conducted through Video Conferencing and Other Audio-Visual Means. The meeting will consider the adoption of audited financial statements for the financial year ended March 31, 2026, and the declaration of a final dividend.

The Board of Directors has recommended a final dividend of ₹0.40 per equity share of face value ₹2 each for the financial year 2025-26. This dividend is subject to the approval of the members at the ensuing AGM. If approved, the dividend will be paid within 30 days from the date of approval, subject to the deduction of tax at source as applicable.

The remote e-voting period begins on Tuesday, August 04, 2026, at 09:00 A.M. and ends on Thursday, August 06, 2026, at 05:00 P.M. Members whose names appear in the Register of Members or Beneficial Owners as on the record date, July 31, 2026, are eligible to cast their votes electronically.

Business to be Transacted

The AGM will transact the following ordinary business:

1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2026, along with the reports of the Board of Directors and Auditors.
2. To declare a final dividend on equity shares for the financial year ended March 31, 2026.
3. To appoint Mr. Gavin John Walker, Director, who retires by rotation at the AGM and being eligible has offered himself for re-appointment.

Key Dates and Timelines

The Register of Members and Share Transfer Books of the Company will remain closed from Saturday, August 01, 2026, to Friday, August 07, 2026 (both days inclusive).