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

Smiths & Founders (India) Ltd has executed a merger agreement with SKF Elixer India Private Limited to drive growth and diversification within the engineering and capital goods sector. The agreement, signed on June 17, 2026, outlines the proposed amalgamation of SKF Elixer India, acting as the Transferor Company, with Smiths & Founders (India) Ltd, designated as the Transferee Company. The strategic move aims to consolidate operations and expand the business footprint of the combined entity.

The transaction does not constitute a related party transaction and was conducted at arm’s length. According to the regulatory filing, there is no cash consideration involved in the merger, and the share exchange ratio was not applicable. Furthermore, the merger will not result in any change to the shareholding pattern of the listed entity, Smiths & Founders (India) Ltd.

Financial disclosures provided in the filing highlight the scale of the entities involved. SKF Elixer India Private Limited reported a turnover of ₹235.45 Crores and a paid-up capital of ₹15,45,41,666. In comparison, Smiths & Founders (India) Ltd recorded a turnover of ₹13.98 Crores with a paid-up capital of ₹10,19,96,525.

The rationale behind the amalgamation is centered on growth and diversification. By combining resources, the companies intend to strengthen their market position in the engineering and capital goods sector. The merger is subject to necessary regulatory approvals and other statutory compliances.

The intimation was submitted to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Roopashree Shettigar, Company Secretary of Smiths & Founders (India) Ltd, authenticated the disclosure.

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