Syrma SGS Technology Limited ( Syrma SGS Technology Limited ) shareholders approved all nine resolutions at its 22nd Annual General Meeting held on August 25, 2026. The meeting, conducted via Video Conferencing, saw a total of 15,53,00,889 valid votes polled out of 19,28,30,485 outstanding equity shares, representing an 80.54% turnout.

While promoter group members voted unanimously in favor of all agenda items, significant dissent emerged from public institutional investors on specific governance and remuneration proposals. The consolidated results were filed with the stock exchanges on August 26, 2026, by Company Secretary Bhabagrahi Pradhan.

Key Resolutions Passed

The ordinary business items included the adoption of audited standalone and consolidated financial statements for the year ended March 31, 2026, declaration of dividends, and the reappointment of director Jayesh Nagindas Doshi by rotation. All three ordinary business resolutions received near-unanimous support, with over 99.99% of votes in favor.

Special business resolutions focused on strategic capital structure and governance changes:

• Ratification of remuneration for cost auditors Umesh Sagta & Associates for FY27.
• Reappointment of Sandeep Tandon as Executive Chairman.
• Appointment of Jayesh Nagindas Doshi as Whole Time Director.
• Approval under Section 180(1)(a) of the Companies Act, 2013, to create mortgages or charges on company assets.
• Authorization to raise funds by issuing shares or securities on a preferential basis to Qualified Institutional Investors via private placement.
• Approval for payment of remuneration to a related party.

Voting Breakdown and Dissent

The voting results highlight a divergence between promoter and public institutional shareholder sentiment on key leadership and remuneration matters.

Public institutional investors voted against 13.86% of shares polled for Doshi's rotational reappointment and 24.05% for his appointment as Whole Time Director. Similarly, 39.09% of institutional votes opposed the related-party remuneration resolution. Despite this dissent, the promoter group's full support ensured all resolutions passed with the requisite majority.

Director Appointments Details

Shareholders approved specific terms for the leadership roles based on Board recommendations:

Mr. Tandon brings over 25 years of experience in the electronics manufacturing sector. He holds a Bachelor of Science in Electrical Engineering from the University of Southern California and completed the YPO Presidents' Program at Harvard Business School. He also serves as a Director for Infinx Technology Solutions Private Limited and as an Independent Director for Aavas Financier Limited and 360 One WAM Limited.

Mr. Doshi has approximately 37 years of work experience, starting his career in 1986. He brings deep knowledge of Corporate and Structured Finance, M&A, and Investments across diverse industries including cement, shipping, offshore oil services, real estate, hospitality, pharma, and Electronic Manufacturing & Services. Associated with the Tandon Group since January 2021, he serves as Investment Director responsible for Organisation Development, Strategy, and Capital Allocation. He previously led the Initial Public Offering of Syrma SGS in August 2022 and served as Whole Time Director & Group CFO of Dalmia Bharat Ltd.

Governance and Audit

Statutory auditors Walker Chandiok & Co LLP reported no qualifications, observations, or adverse remarks in their report on the standalone and consolidated financial statements. Secretarial auditor DPV & Associates LLP and cost auditor Umesh Sagta & Associates were also present.

Mukesh Sharma of Mukesh Sharma & Associates acted as the scrutinizer for e-voting. The combined results of remote e-voting and voting during the AGM were published on the company website and stock exchanges following the submission of the Scrutinizer's Report.

Syrma SGS Technology has formed a joint venture with Kaga Electronics India to manufacture bare printed circuit boards and electronic components. The collaboration brings together the two companies to establish a dedicated production capability in this segment.

Joint venture details

The key parameters of the joint venture are outlined below:

The joint venture focuses on the production of bare printed circuit boards alongside electronic components, addressing a critical segment of the electronics manufacturing supply chain. Bare printed circuit boards form the foundational layer for virtually all electronic assemblies, making this collaboration relevant to a broad range of downstream applications.