SSPDL Limited has disclosed the voting results of its 32nd Annual General Meeting (AGM) held on September 29, 2026. All three agenda items, including the adoption of FY26 financial statements and the re-appointment of director E. Bhaskar Rao, were approved by shareholders with the requisite majority.

The meeting, conducted via Video Conferencing, saw participation from 26 members representing a total of 65,45,688 votes polled out of 1,29,29,250 outstanding shares. The scrutinizer's report, submitted by CS Savita Jyoti of Savita Jyoti Associates, confirmed that no resolution was defeated.

Voting breakdown on key resolutions

The voting data reveals a distinct pattern in shareholder sentiment across the three agenda items. While the adoption of financial statements and director re-appointment received overwhelming support from promoters, the approval for a related-party loan facility faced significant dissent from public shareholders.

For the first two items, promoter and promoter group shareholders cast 56,68,642 votes in favour, constituting 81.34% of their holding. Public non-institutional shareholders contributed an additional 5,65,021 votes in favour for the financials and 5,64,941 votes for the director re-appointment.

However, the third item, which involved approving a revolving loan facility from Chairman and Managing Director Prakash Challa, was classified as a material related party transaction. Consequently, promoter group shareholders abstained from voting on this item as per regulatory norms. The resolution was carried solely by public shareholders, with 3,79,609 votes in favour against 3,12,105 votes against.

Meeting proceedings and attendance

The AGM commenced at 3:00 pm with 26 members present through video conferencing. The requisite quorum was met, allowing the Chairman and Managing Director, Prakash Challa, to introduce the directors in attendance.

Three independent directors were present at the virtual meeting:

Directors E. Bhaskar Rao and Sabbella Devaki Reddy expressed their inability to attend the meeting. Statutory auditor representative K. Ajay Kumar from M/s. Karvy & Co. and Secretarial Auditor representative Savita Jyoti from M/s. Savita Jyoti & Associates were present to oversee the voting process.

Director profile highlights

Sri E. Bhaskar Rao was re-appointed on September 29, 2026. He holds a Commerce degree and possesses 32 years of experience across poultry breeding, real estate, and construction sectors. His first appointment to the board dates back to October 24, 1994.

Key details regarding his re-appointment include:

• Shareholding: 1,50,000 shares, representing 1.16% of the company's equity.
• Age: 64 years (Date of birth: June 5, 1962).
• Relationships: None of the other directors are relatives of Sri E. Bhaskar Rao.

The e-voting window remained open for 15 minutes during the meeting. Voting results and the scrutinizer's report were scheduled for submission to stock exchanges and placement on the company website and NSDL platform.

SSPDL Limited has dispatched its annual report for FY26 and the notice for its 32nd Annual General Meeting to shareholders. The company issued these documents via email and web links in compliance with SEBI regulations.

The 32nd AGM is scheduled for Tuesday, September 29, 2026, at 3:00 pm. The meeting will be conducted through video conferencing or other audio-visual means.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Under Regulation 36(1)(b), the company provided web links to shareholders whose email addresses are not registered with the Registrar & Transfer Agent or Depository Participants.

Physical copies of the annual report will not be dispatched unless specifically requested by members.

Shareholder Action Required

Shareholders are advised to update their PAN, KYC details, and nomination information with their respective Depository Participants or RTA. Payments, including dividends, will only be made electronically if these details are registered.