Solitaire Machine Tools passes FY26 financials at 34th AGM
Solitaire Machine Tools Limited held its 34th AGM on June 27, 2026, approving the adoption of standalone financial statements for FY26, the re-appointment of a director, and a dividend declaration. All three resolutions were passed with a requisite majority, with 19,95,718 votes in favour out of 19,95,719 total valid votes polled.
*this image is generated using AI for illustrative purposes only.
Solitaire Machine Tools Limited successfully concluded its 34th Annual General Meeting (AGM) on June 27, 2026, through video conferencing. The meeting approved the adoption of the standalone audited financial statements for the financial year ended March 31, 2026, along with the Board's Report and Auditors' Report. Shareholders also sanctioned the re-appointment of a director and the declaration of a dividend for the financial year 2025-26.
The AGM commenced at 11:00 a.m. under the chairmanship of Shri Ashok J. Sheth, Chairman & Chief Financial Officer of the Company. The meeting was conducted in compliance with the applicable provisions of the Companies Act, 2013, and regulations issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. Key attendees included Mr. Hemandra Badani, Vice-Chairman & Managing Director, and Mr. Harsh Badani, Joint Managing Director.
Business Transacted
Members approved three key items of business through remote e-voting and e-voting facilities provided during the AGM. The resolutions passed included the adoption of financial statements, the appointment of a director, and the approval of a dividend.
| Item No. | Brief Description | Type of Business & Resolution Required | Manner of Voting |
|---|---|---|---|
| 1 | Adoption of Financial Statements for the Financial Year ended 31st March, 2026 | Ordinary Business requiring Ordinary Resolution | Remote e-voting prior & during AGM |
| 2 | To appoint a Director in place of Mr. Ashok J Sheth (DIN - 00174006) | Ordinary Business requiring Ordinary Resolution | Remote e-voting prior & during AGM |
| 3 | To approve and declare dividend recommended by the Board for the Financial Year ended 31st March, 2026 | Ordinary Business requiring Ordinary Resolution | Remote e-voting prior & during AGM |
Voting Results
The scrutinizer, Mr. Hemang Mehta, reviewed the votes cast by members through remote e-voting and e-voting during the AGM. A total of 19,95,719 valid votes were polled across all resolutions. All three resolutions were passed with a requisite majority, receiving 19,95,718 votes in favour and 1 vote against.
| Particulars of mode of voting | Total number of valid votes cast | Votes in favour of the resolution | Votes against the resolution |
|---|---|---|---|
| Remote E-voting | 19,94,969 | 19,94,968 | 01 |
| E-voting during AGM | 750 | 750 | NIL |
| Total voting | 19,95,719 | 19,95,718 | 01 |
Remote e-voting commenced on June 24, 2026, at 9:00 a.m. and concluded on June 26, 2026, at 5:00 p.m. The facility for e-voting during the AGM remained open for 15 minutes after the meeting concluded. The Chairman informed members that there were no qualifications in the Statutory Auditors' Report or the Secretarial Audit Report.
Historical Stock Returns for Solitaire Machine Tools
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.87% | -1.76% | -6.49% | -14.62% | -43.48% | +109.16% |
Who will be appointed to replace Mr. Ashok J. Sheth as Director, and what strategic expertise will they bring?
What is the dividend payout ratio for FY 2025-26, and how does it compare to previous years?
What are the company's capital allocation plans for the upcoming fiscal year following the approval of financial statements?
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