Sinnar Bidi Udyog approves FY26 financials, appoints Sachin Laddha as independent director
- All three resolutions passed with 99.99% votes in favour
- Total votes polled represented 83.85% of outstanding shares
- Sachin Jagdish Laddha appointed as independent director for 5 years
- Promoter group cast 286,000 votes with zero opposition
*this image is generated using AI for illustrative purposes only.
Sinnar Bidi Udyog Limited concluded its 52nd Annual General Meeting (AGM) on September 23, 2026, with shareholders approving the audited financial statements for the fiscal year ended March 31, 2026. The meeting, conducted through video conferencing, also ratified the appointment of Sachin Jagdish Laddha as an independent director.
The company reported that 17 shareholders attended the virtual meeting, including four directors who are also members. The proceedings were chaired by Bharati Sancheti, who welcomed attendees and outlined the voting procedures. The meeting complied with Ministry of Corporate Affairs and SEBI circulars regarding virtual AGMs.
Key resolutions passed
Shareholders voted on three primary agenda items during the session. The first involved the adoption of standalone and consolidated financial statements along with the Board and Auditor reports. The second resolution addressed the re-appointment of a retiring director, while the third focused on regularizing the status of an additional director.
| Resolution | Details |
|---|---|
| Financial Statements | Adoption of audited standalone and consolidated financials for FY26 |
| Director Re-appointment | Laxminarayan Karwa re-appointed as director retiring by rotation |
| Independent Director | Sachin Jagdish Laddha appointed for a 5-year term effective August 14, 2026 |
Voting results and attendance details
The e-voting process, facilitated by National Securities Depository Limited (NSDL), saw a high level of participation relative to the outstanding share capital. Out of 400,000 outstanding shares, votes were polled on 335,410 shares, representing 83.85% of the total shareholding. All three resolutions were passed with a requisite majority, securing 99.99% of the votes in favour.
The voting breakdown indicates strong promoter support alongside public shareholder consensus:
| Category | Shares Held | Votes Polled | Votes In Favour | Votes Against |
|---|---|---|---|---|
| Promoter and Promoter Group | 293,600 | 286,000 | 286,000 | 0 |
| Public Non Institutions | 106,400 | 49,410 | 49,408 | 2 |
| Public Institutions | 0 | 0 | 0 | 0 |
| Total | 400,000 | 335,410 | 335,408 | 2 |
Mrs. Sujata Rajebahadur, a practicing company secretary, served as the scrutinizer for the e-voting process. The remote e-voting period commenced on September 19, 2026, and concluded on September 22, 2026. Members who did not vote electronically were given the opportunity to cast their votes during the live meeting, though no additional votes were recorded during the live session.
Sachin Jagdish Laddha profile and appointment details
Sachin Jagdish Laddha was regularized from his role as Additional Director to Independent, Non-Executive Director. His appointment is effective from August 14, 2026, for a term of five consecutive years. He holds DIN 11879047 and is not related to any other directors of the company.
Laddha is a Diploma Mechanical Engineer with over 23 years of corporate experience. He is also an AMFI-registered Mutual Fund Distributor. The company confirmed that he is not debarred from holding the office of director by any SEBI order or authority.
Meeting logistics
Out of eight enrolled speakers, six participated in the discussion. The meeting commenced at 11:30 am and concluded at 12:06 pm. Ashwini Atish Raut, Company Secretary and Compliance Officer, proposed the vote of thanks. The meeting was deemed held at the registered office in Mumbai, Maharashtra, in compliance with SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.
Historical Stock Returns for Sinnar Bidi Udyog
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.98% | -8.70% | 0.0% | 0.0% | 0.0% | 0.0% |
How will Sachin Jagdish Laddha's background in mutual fund distribution influence Sinnar Bidi Udyog's future capital allocation or investor relations strategy?
What specific growth initiatives or market expansion plans were outlined in the audited FY26 financial statements adopted during the AGM?
Given the 83.85% voting participation, how does this level of shareholder engagement compare to industry peers and what does it suggest about future liquidity or takeover risks?
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