Smiths & Founders (India) Limited concluded its 35th Annual General Meeting (AGM) on July 24, 2026, approving the adoption of its audited financial statements for the financial year ended March 31, 2026. The meeting, held via video conferencing in compliance with Ministry of Corporate Affairs and SEBI circulars, also saw shareholders approve special resolutions regarding the alteration of the Memorandum of Association and the continuation of Mr. Suresh Shastry as Chairman and Managing Director upon attaining the age of seventy years.

The proceedings were chaired by Mr. Suresh Shastry, who confirmed that the requisite quorum was present and that feasible efforts were made to enable member participation. The meeting commenced at 10.00 A.M. and concluded by 10.30 A.M. Mr. Ramesh Rao, Independent Director and Chairman of the Audit Committee, Stakeholders Relationship Committee, and Nomination & Remuneration Committee, was present alongside other independent directors Mr. N. Sreeramaiah and Mr. Arkalgud Suryanarayana Sundar. Mrs. Shailaja Suresh, Non-Executive Director, also attended the session.

Business Transacted

The Board presented several items for shareholder approval, categorized into ordinary and special business. Under ordinary business, the company sought approval for the adoption of the financial statements and the reports of the Board of Directors and Auditors. Additionally, shareholders voted on the reappointment of Mrs. Shailaja Suresh (DIN: 01326440), who retires by rotation and offered herself for re-appointment.

As special business, the company proposed an alteration to its Memorandum of Association (MOA). Another critical resolution involved the continuation of Mr. Suresh Shastry in his role as Chairman and Managing Director despite attaining the age limit of seventy years, requiring specific shareholder consent under regulatory guidelines.

Attendees and Compliance

The meeting featured attendance from key statutory roles. Mr. Ritesh Sharma, Partner at M/s. SNR & Company, Chartered Accountants, attended as the statutory auditor. Mr. Nagesha Rao, a Practicing Company Secretary, served as the Secretarial Auditor and Scrutinizer appointed to oversee the e-voting process. The Chief Financial Officer and Company Secretary were also present to address queries.

Roopashree B Shettigar, Company Secretary & Compliance Officer, signed off on the proceedings. The company has filed the voting results and the Scrutinizer's Report with the Bombay Stock Exchange (BSE) as required under Regulation 30(6) read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. These documents are available on the company’s website for member reference.

Smiths & Founders (India) Limited will hold its 35th Annual General Meeting on July 24, 2026, via Video Conferencing to seek shareholder approval for the re-appointment of Mr. Suresh Shastry as Chairman and Managing Director and the alteration of its Memorandum of Association. The Board, meeting on June 29, 2026, recommended Mr. Shastry's continuation for an additional five years after he attains the age of 70 on November 12, 2026, and approved the insertion of a new clause to facilitate corporate restructuring, including a proposed merger with SKF Elixer India Private Limited.

The company has dispensed physical copies of the Notice of AGM and Annual Report for FY 2025-26 to members with registered email addresses, providing them electronically instead. For members without registered email addresses, the company dispatched letters on July 02, 2026, containing the web link to the Notice and Annual Report. The Annual Report, containing financial statements for the year ended March 31, 2026, is available on the company's website. The Board has not recommended any dividend for the financial year ended March 31, 2026, citing carried forward losses.

Mr. Suresh Shastry, who holds an Advanced Diploma in Forge Technology, has over 46 years of experience in the forging industry. His current term commenced on April 1, 2022. As of March 31, 2026, he holds 2,92,06,953 shares in the company. He is the husband of Mrs. Shailaja Suresh, who retires by rotation at the upcoming AGM and is eligible for re-appointment.

The Register of Members and Share Transfer Books will remain closed from July 18, 2026, to July 24, 2026. Shareholders holding shares as of the record date of July 17, 2026, are entitled to participate and vote. The company will provide a remote e-voting facility as well as e-voting during the AGM.

Key AGM Dates