Sita Enterprises shareholders approved all four ordinary resolutions at its 43rd Annual General Meeting held on September 11, 2026. The meeting was conducted through Video Conferencing or Other Audio-Visual Means.

Total votes cast represented 77.67% of the company's paid-up equity share capital. A total of 39 members participated in the voting process, comprising both remote e-voting and e-voting during the meeting.

Resolutions Passed

The board proposed four items for shareholder approval, all of which were passed with requisite majorities:

• Adoption of audited financial statements for FY26
• Re-appointment of Kirit Gordhandas Thakker as director
• Re-appointment of Harsh Jitendra Gandhi as director
• Increase in authorised share capital from ₹3 crore to ₹20 crore

Voting Breakdown

Promoters cast votes on 99.99% of their holdings, while public non-institutional shareholders voted on approximately 20.92% of their shares.

What the Numbers Show

The voting data reveals a stark divergence in engagement levels between promoter and public shareholders. While promoters demonstrated near-total participation by voting on virtually all their holdings, public institutional investors recorded zero participation. This concentration of voting power among promoters underscores their decisive influence over corporate governance outcomes at the company.

Sita Enterprises concluded its 43rd annual general meeting on September 11, 2026, with shareholders approving a key special resolution to increase the company’s authorized share capital.

The meeting, held via video conferencing, also saw the reappointment of Executive Directors Kirit Gordhandas Thakker and Harsh Jitendra Gandhi, who retire by rotation. All ordinary and special business items were transacted with the requisite majority.

Meeting Proceedings

The AGM commenced at 11:30 am and concluded at 12:06 pm. Twenty-one members participated through the virtual platform. Harsh Jitendra Gandhi, Executive Director and CFO, chaired the session.

The Board presented the audited financial statements for FY26 for adoption. The statutory auditors issued an unqualified report, noting no adverse remarks or qualifications. The secretarial audit report was similarly clean.

Key Resolutions

Shareholders voted on the following agenda items:

• Adoption of audited financial statements for the year ended March 31, 2026.
• Reappointment of Kirit Gordhandas Thakker as a director.
• Reappointment of Harsh Jitendra Gandhi as a director.
• Approval of increased authorized share capital and consequent alteration of the Memorandum of Association.

Remote e-voting facilities were available prior to and during the meeting. The scrutinizer’s report will be filed with stock exchanges as per regulatory timelines.