Sulabh Engineers & Services has scheduled its 43rd Annual General Meeting for September 28, 2026, to be conducted via video conference. The meeting will address ordinary business items, including the adoption of financial statements for FY26, and special business resolutions.

Shareholders holding shares as of the cut-off date of September 22, 2026, are eligible to vote. The company has enabled remote e-voting through National Securities Depository Limited (NSDL), with the voting window open from September 25 to September 27, 2026.

Board and Related Party Approvals

The special business agenda features two primary resolutions requiring shareholder consent.

First, shareholders will vote on the reappointment of Mr. Vimal Kumar Sharma as Managing Director. His current five-year term expires on the date of the AGM. The Nomination and Remuneration Committee recommended his reappointment for a further five-year period, citing his extensive experience in financial investments and leadership contributions.

Second, the board seeks omnibus approval for related-party transactions with its subsidiary, Venkatswamy Mining And Estates Private Limited. The proposed aggregate limit for these transactions is ₹2 crore for FY27. These dealings, which may include service supply or loan extensions, are expected to occur in the ordinary course of business on an arm’s-length basis.

Governance and Oversight

The explanatory statement notes that Mr. Sharma holds a 6% shareholding and a directorship in the subsidiary, creating a conflict of interest that requires shareholder consent under Section 188 of the Companies Act, 2013.

The Audit Committee will review all approved transactions quarterly to ensure compliance with SEBI Listing Obligations and Disclosure Requirements Regulations. Additionally, Mrs. Seema Mittal retires by rotation and offers herself for reappointment as an Executive Director.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE673M01029/ce8e3f39-35a9-47f2-90a4-dc88229d2c08.pdf

Sulabh Engineers & Services Limited has adopted an amended policy governing the procedure for inquiry into actual or suspected leaks of Unpublished Price Sensitive Information (UPSI). The company notified the Bombay Stock Exchange on August 12, 2026, regarding the updated framework, which aims to strengthen internal controls and prevent the unauthorized dissemination of price-sensitive data that could impact market prices and investor confidence. The move addresses regulatory concerns over UPSI leaks via instant messaging apps and other channels.

The revised policy is framed pursuant to Regulation 9A(5) of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, as amended. It mandates that listed companies formulate written procedures to investigate leaks and initiate appropriate action upon becoming aware of such incidents. The Board of Directors approved the policy to ensure compliance with SEBI norms and to plug loopholes in internal control systems.

Scope and Applicability

The policy applies to all Directors, Promoters, Promoter Group members, Designated Persons, Insiders, Connected Persons, their relatives, Fiduciaries, and any other person having possession of or access to UPSI. It defines "Leak of UPSI" as the communication of sensitive information by an Insider, Employee, or Designated Person to any unauthorized party, except where shared for a "Legitimate Purpose" under Regulation 3(2A). Legitimate purposes include sharing information in the ordinary course of business with partners, lenders, customers, suppliers, merchant bankers, legal advisors, auditors, or insolvency professionals, provided such sharing does not evade regulatory prohibitions.

Inquiry Procedure and Disciplinary Actions

Upon becoming aware of an actual or suspected leak, the Compliance Officer must promptly intimate the Audit Committee and coordinate the disclosure of relevant facts. The Committee is empowered to conduct a preliminary enquiry to ascertain the truth of allegations, collect supporting material, and decide on further action. If the allegation is found frivolous, it may be dismissed; otherwise, a detailed investigation ensues.

The final report from the Committee is placed before the Board of Directors, which includes independent directors holding a 50% majority. The Board decides on disciplinary actions, which may include wage freezes, suspension, recovery, clawback, termination, or other measures deemed necessary. The company must also report actual or suspected leaks to the Stock Exchanges and SEBI using specified formats (Annexure A and Annexure B).

Key Regulatory Requirements

What This Means for Investors

The adoption of this amended policy underscores Sulabh Engineers’ commitment to maintaining market integrity and protecting shareholder interests. By establishing a clear protocol for investigating UPSI leaks, the company aims to deter unethical practices among insiders and fiduciaries. The policy ensures that any breach is swiftly identified, investigated, and penalized, thereby reducing the risk of reputational damage and financial loss associated with insider trading violations. Investors can expect enhanced transparency and stricter adherence to fair disclosure practices as the company implements these strengthened internal controls.