Sundaram Brake Linings Limited shareholders overwhelmingly approved a final dividend of ₹0.65 per equity share and the reappointment of Mrs. Shripriya Mahesh Ramanan during its 52nd Annual General Meeting (AGM) held on July 24, 2026. The meeting, conducted via Video Conferencing (VC) / Other Audio Visual Means (OAVM), also saw the appointment of Ms. Shrikirti Mahesh as a director. All four resolutions placed before members were passed with nearly unanimous support, reflecting strong shareholder confidence in the company’s governance and financial stewardship for the fiscal year ended March 31, 2026.

The AGM commenced at 10.00 AM IST with Mr. Krishna Mahesh, Managing Director, presiding as Chairman. A total of 62 members attended the virtual proceedings, comprising seven from the Promoter Group and 55 public shareholders. The Company Secretary confirmed the presence of the requisite quorum in compliance with the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Remote e-voting concluded on July 23, 2026, while e-voting at the AGM remained open for fifteen minutes after the formal proceedings ended.

Voting Results Overview

Shareholders voted on four key items: adoption of audited financial statements, declaration of dividend, reappointment of a retiring director, and appointment of a new director. The scrutinizer’s report, submitted by V Suresh Associates in compliance with Rule 20 of the Companies (Management and Administration) Rules, 2014, confirmed that all resolutions received the requisite majority.

Key Resolutions Passed

The adoption of audited financial statements for FY26 received 23,96,667 votes in favour out of 23,96,687 total valid votes polled. The dividend declaration followed an identical voting pattern. For the director appointments, Mrs. Shripriya Mahesh Ramanan (DIN: 08632277), who retires by rotation, was reappointed with 23,96,642 votes in favour. Similarly, Ms. Shrikirti Mahesh (DIN: 11704129) was appointed as Director with the same level of support. The promoter group, holding 25,15,602 shares, voted entirely in favour of all resolutions.

Mr. Krishna Mahesh addressed attendees, noting that 19 shareholders had registered as speaker shareholders, with 14 attending to raise queries. He responded to questions raised during the meeting and those received via email. The Chairman emphasized that the results regarding the passing of resolutions would be announced within two working days upon receipt of the Scrutinizer's report, subsequently posting them on the company website and communicating them to stock exchanges.

Board and Management Attendance

The meeting featured full representation from the Board of Directors and senior management. Independent Directors S Venkataraman, M.C.T.P. Chidambaram, and Rahul Rakesh Agrawal were present. Senior management present included S. Balaji, President; Hari S, Chief Financial Officer; and S Ganesh, AGM Accounts. Pradeep Kumar Nath served as Company Secretary. External auditors were represented by Jitendra Kumar from M/s. Brahmayya & Co, Statutory Auditors, and V Suresh from M/s. V Suresh Associates, Secretarial Auditors. The meeting concluded at 12.01 PM.

Sundaram Brake Linings Limited has scheduled its 52nd Annual General Meeting (AGM) for July 24, 2026, to be conducted via video conferencing and other audio-visual means. The board has recommended a final dividend of ₹0.65 per share for the financial year 2025-26, subject to shareholder approval at the meeting.

The company reported a 50.4% decline in net profit to ₹2.57 crore for the financial year ended March 31, 2026, while revenue from operations fell marginally to ₹3,446.52 crore. The decline in profitability was attributed to decreased profits and a drop in export turnover, which fell 17% during the year, while domestic turnover increased 9%.

Financial Performance

The financial results for the year ended March 31, 2026, showed a contraction in key profitability metrics. Profit before exceptional items, interest, depreciation, and tax stood at ₹12.88 crore, down from ₹16.14 crore in the previous year. The company’s earnings per share (EPS) for the year was ₹6.52, compared to ₹13.15 in the previous year.

Dividend and AGM

The board of directors has recommended a final dividend of ₹0.65 per share (6.5%) for the financial year 2025-26. The dividend is subject to shareholder approval at the 52nd Annual General Meeting (AGM), scheduled for July 24, 2026. The record date for determining shareholder eligibility for the dividend is July 17, 2026.

The register of members and share transfer register will remain closed from July 18, 2026, to July 24, 2026. The AGM will be conducted via video conferencing and other audio-visual means.

Operational Highlights

During the year, the company’s net sales were ₹3,422.8 crore compared to ₹3,491.62 crore in the previous year. While domestic turnover increased, the export segment faced a significant decline of 17%, primarily due to tariffs in North American markets. The company’s net foreign exchange earnings for the year were ₹121.52 crore, down from ₹144.64 crore in the previous year.

The company’s research and development expenditure for the year was ₹6.57 crore, slightly lower than the previous year’s ₹6.62 crore. The board noted that the Indian automotive industry recorded a production of 34.70 million vehicles, registering a growth of 11.84% during the year.