TVS Srichakra 43rd AGM: all four resolutions passed with majority
- All four resolutions at TVS Srichakra's 43rd AGM on September 24, 2026 were passed with requisite majority via e-voting
- Total shares held stood at 7,657,050; voter participation ranged from 53.28% to 53.30% across resolutions
- Resolution 1 (adoption of FY26 financial statements) passed with 99.99% votes in favour out of 4,079,446 votes polled
- Resolution 2 (final dividend declaration) passed with 99.99% in favour; Resolution 4 (cost auditor remuneration ratification) also passed with 99.99% in favour
- Resolution 3 (re-appointment of S Ravichandran as director) passed with 98.56% in favour, with 58,968 votes against from public institutional shareholders
*this image is generated using AI for illustrative purposes only.
TVS Srichakra Limited disclosed voting results for its 43rd Annual General Meeting held on September 24, 2026, confirming all four resolutions were passed with requisite majority via remote e-voting and live e-voting at the AGM.
Meeting overview
The AGM was held through video conferencing and other audio-visual means, presided over by R Naresh, Executive Vice Chairman. The meeting commenced at 10:30 am and concluded at 11:11 am. As on the record date of September 17, 2026, the total number of shareholders stood at 25,327. A total of 57 shareholders attended via video conferencing, comprising 7 from the promoter and promoter group and 50 from the public. Four resolutions were put to vote.
Voting results summary
The voting results, filed in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, were submitted to stock exchanges on September 25, 2026. The scrutinizer's report was prepared by N Balachandran, Company Secretary in Practice (CP No. 3200), with National Securities Depository Limited (NSDL) serving as the e-voting service provider. Integrated Registry Management Services Private Limited (IRMSPL) acted as the Registrar and Share Transfer Agent.
The table below presents the consolidated voting outcome across all four resolutions:
| Resolution | Description | Total shares held | Votes polled | % polled | Votes in favour | Votes against | % in favour | % against |
|---|---|---|---|---|---|---|---|---|
| 1 | Adoption of audited financial statements for FY26 | 7,657,050 | 4,079,446 | 53.28 | 4,079,239 | 207 | 99.99 | 0.01 |
| 2 | Declaration of final dividend | 7,657,050 | 4,081,387 | 53.30 | 4,081,120 | 267 | 99.99 | 0.01 |
| 3 | Re-appointment of S Ravichandran as director liable to retire by rotation | 7,657,050 | 4,081,387 | 53.30 | 4,022,419 | 58,968 | 98.56 | 1.44 |
| 4 | Ratification of cost auditor remuneration | 7,657,050 | 4,081,387 | 53.30 | 4,081,155 | 232 | 99.99 | 0.01 |
Category-wise participation
The promoter and promoter group, holding 3,499,493 shares, cast 100% of their votes in favour across all four resolutions via e-voting. Public institutional shareholders, holding 567,497 shares, polled between 91.20% and 91.53% of their shares. Their votes were unanimously in favour for resolutions 1, 2, and 4, while 58,736 votes (11.30%) were cast against resolution 3 on the re-appointment of S Ravichandran. Public non-institutional shareholders, holding 3,590,060 shares, recorded a participation rate of 1.74% across all resolutions.
AGM proceedings and compliance
The Notice convening the 43rd AGM, along with the Annual Report for FY26, was dispatched to members within statutory timelines. Both the Statutory Auditors' Report and the Secretarial Audit Report did not contain any qualifications, reservations, or adverse remarks. The Company Secretary confirmed quorum requirements were met and all statutory requirements for convening the AGM were duly complied with. Following the Chairman's address, a question and answer session was conducted, with queries received in advance via email addressed by the management. The meeting concluded with a vote of thanks proposed by the Chief Financial Officer.
Historical Stock Returns for TVS Srichakra
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.25% | +1.36% | -13.05% | +7.30% | +13.60% | 0.0% |
How will the declared final dividend impact TVS Srichakra's cash flow and capital allocation strategy for FY27?
What factors contributed to the 1.44% dissenting votes against S Ravichandran's re-appointment, and does this signal potential governance concerns?
Given the low public non-institutional participation rate of 1.74%, what initiatives might the company undertake to enhance retail shareholder engagement in future meetings?
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