Southern Gas passes all resolutions at 62nd AGM in Margao
- Southern Gas Limited held its 62nd AGM on September 28, 2026, in Margao
- All ordinary and special resolutions passed with requisite majority
- Final dividend for FY26 and director reappointments approved by shareholders
- Seven members attended, including four from the promoter group
*this image is generated using AI for illustrative purposes only.
Southern Gas Limited concluded its 62nd Annual General Meeting on September 28, 2026, in Margao, Goa. The company reported that all agenda items, including the adoption of financial statements and director reappointments, were transacted and passed with the requisite majority.
The meeting was chaired by Gautam Vithaldas Pai Kakode, Managing Director, and commenced at 10:30 am at the registered office. A total of seven members attended the proceedings, comprising four from the promoter group and three public shareholders. The quorum requirements were met, allowing the Chairman to declare the meeting in order.
Key resolutions passed
The shareholders deliberated on four primary items of business, covering both ordinary and special matters. The audited financial statements for the fiscal year ended March 31, 2026, along with the Board of Directors' report and auditor's report, were adopted. Additionally, the final dividend on equity shares for FY26 was declared.
| Resolution | Type | Status |
|---|---|---|
| Adoption of audited financial statements for FY26 | Ordinary | Passed |
| Declaration of final dividend for FY26 | Ordinary | Passed |
| Re-appointment of Yogita Gautam Pai Kakode as Director | Ordinary | Passed |
| Appointment of Upendra Saulo Quenim Robolo as Director | Ordinary | Passed |
Governance and attendance details
The board composition present at the meeting included Gautam Vithaldas Pai Kakode (Chairman and Managing Director), Yogita Gautam Pai Kakode (Non-Executive Director), and Upendra Saulo Quenim Robolo (Non-Executive Director). Three independent non-executive directors also attended: Purushottam Sitaram Mantri, Ninad Gurudas Kamat, and Govind Vithal Kamat. Roshan Varshney served as the Company Secretary and Compliance Officer.
Voting was conducted through remote e-voting via CDSL, which opened on September 25, 2026, and closed on September 27, 2026. Shareholders eligible to vote were those on the register as of the cut-off date, September 21, 2026. M/s. Ankur Gandhi & Associates served as the scrutinizer for the voting process.
What the numbers show
The attendance data reveals a highly concentrated shareholder base. With only 99 shareholders recorded as of the cut-off date, the physical presence of just seven members represents approximately 7% of the total shareholder count. The dominance of promoter group members (4 out of 7 attendees) alongside three public shareholders suggests limited retail participation in the physical proceedings, a common characteristic for companies with low shareholding counts.
Historical Stock Returns for Southern Gas
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | -100.00% |
How will the newly appointed director, Upendra Saulo Quenim Robolo, influence Southern Gas Limited's strategic direction in the coming fiscal year?
What specific growth initiatives or capital expenditures are planned to leverage the declared final dividend and retained earnings for FY26?
Given the highly concentrated shareholder base, what measures is the company taking to enhance liquidity and attract broader institutional or retail investor participation?
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