Sri Chakra Cement passes all resolutions at 44th AGM; financials approved
Sri Chakra Cement Limited completed its 44th AGM on August 19, 2026, approving FY26 financials with 68.15% shareholder support. Other resolutions, including director re-appointments and cost auditor ratification, passed with overwhelming majorities exceeding 98%. The meeting adhered to SEBI and Companies Act guidelines for virtual gatherings.
*this image is generated using AI for illustrative purposes only.
Sri Chakra Cement Limited shareholders approved all four resolutions tabled at the company's 44th Annual General Meeting (AGM) held on August 19, 2026. The meeting, conducted via Video Conferencing (VC) or Other Audio-Visual Means (OAVM) from the registered office in Hyderabad, saw the formal adoption of the audited financial statements for the fiscal year ended March 31, 2026.
The Board of Directors presented the financial results to members, with Sri Sriram Kapilavai, Chairman of the meeting and Whole-time Director, addressing shareholders on the company's performance and outlook. He confirmed that both the Auditor's Report and the Secretarial Audit Report contained no qualifications or adverse remarks. Sri Vijay Kumar Kapilavai, Managing Director, concluded the proceedings with a vote of thanks at 12:30 pm.
Voting Results
Remote e-voting was facilitated through CDSL from August 16, 2026, at 9:00 am until August 18, 2026, at 5:00 pm. Shareholders who did not vote remotely cast their ballots during the live session. Puttaparthi Jagannatham served as the scrutinizer for the process, unblocking votes in the presence of two independent witnesses after the meeting concluded.
The consolidated voting results for the 7,011,987 valid votes cast are detailed below:
| Resolution | Description | Votes For (%) | Votes Against (%) | Result |
|---|---|---|---|---|
| 1 | Adoption of Standalone and Consolidated Audited Financial Statements and Board Report for FY26 | 68.15% | 31.85% | Passed |
| 2 | Re-appointment of Smt. Venkata Naga Lalitha Kapilavai as a director liable to retire by rotation | 98.20% | 1.80% | Passed |
| 3 | Re-appointment of Sri Vijayulu Reddy Kaliki as an Independent Director | 98.20% | 1.80% | Passed |
| 4 | Ratification of remuneration payable to M/s Naval & Associates, Cost Auditors for 2026-27 | 98.20% | 1.80% | Passed |
Governance and Compliance
The statutory auditor, Sri C Ramachandram, and the secretarial auditor, Sri Navajyoth Puttaparthi, were present at the meeting. Sri Rajendra Babu Puthalapattu, Company Secretary and Compliance Officer, managed the procedural aspects.
The Company Secretary informed members that the final voting results, including the scrutinizer's report, would be disseminated within two days of the meeting's conclusion. These results have been displayed on the company's website and intimated to BSE Limited, in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Historical Stock Returns for Sri Chakra Cement Limited
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.37% | +1.05% | -4.60% | -0.79% | -53.86% | 0.0% |
How will the 31.85% opposition vote on the adoption of FY26 financial statements influence future investor relations and board communication strategies?
What specific growth initiatives or capital expenditure plans is Sri Chakra Cement expected to unveil for the upcoming fiscal year following the clean audit reports?
Will the re-appointment of key directors signal any strategic shifts in the company's operational focus or market expansion plans for 2026-27?
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