Swaraj Engines Shareholders Approve Appointment of Gaganjot Singh as Non-Executive Director

Swaraj Engines Limited has successfully completed its postal ballot process, with shareholders approving the appointment of Mr. Gaganjot Singh as a Non-Executive Director. The company announced that the resolution passed with 99.53% of votes in favor, demonstrating strong shareholder support for the proposed appointment.

Postal Ballot Results and Voting Details

The postal ballot process was conducted with a cut-off date of November 7 for determining eligible shareholders. The remote e-voting commenced on November 12 at 9:00 AM IST and concluded on December 11 at 5:00 PM IST, providing shareholders with nearly a month to cast their votes.

Parameter:	Details
Total Shareholders on Record Date:	38,969
Voting Period:	November 12 - December 11
Total Shares Held by Eligible Voters:	1,21,47,466
Shares Voted:	55,50,227
Voter Participation Rate:	45.69%

Resolution Approval and Vote Distribution

The ordinary resolution for appointing Mr. Gaganjot Singh (DIN: 09301803) as a Non-Executive Director received overwhelming support from shareholders across all categories. The voting results demonstrated strong confidence in the proposed appointment.

Category:	Votes in Favor	Votes Against	Approval Rate
Promoter and Promoter Group:	42,67,627	0	100.00%
Public - Institutional Holders:	12,66,096	25,856	98.00%
Public - Others:	9,90,508	4,140	99.58%
Total:	55,24,231	29,996	99.53%

A total of 2,877 shareholders participated in the voting process, with 55,24,231 votes cast in favor and only 29,996 votes against the resolution. This represents an approval rate of 99.53% of the total votes polled.

Scrutinizer Confirmation and Compliance

Mr. Ajay K. Arora, Practicing Company Secretary, served as the scrutinizer for the postal ballot process. He was appointed by the Board of Directors in their meeting held on October 16. The scrutinizer confirmed that the voting process was conducted in accordance with the provisions of Sections 108 and 110 of the Companies Act, 2013, and other applicable regulations.

The scrutinizer's report, dated December 12, validated the entire e-voting process conducted through the National Securities Depository Limited (NSDL) platform. The report confirmed that the resolution was passed with the requisite majority and all procedural requirements were fulfilled.

Corporate Governance and Regulatory Compliance

The postal ballot was conducted in compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company followed all prescribed guidelines for remote e-voting, ensuring transparency and fairness in the process. The appointment of Mr. Gaganjot Singh as a Non-Executive Director will strengthen the company's board composition and governance structure. Swaraj Engines has confirmed that all relevant information regarding the postal ballot results has been disclosed on its website and the NSDL e-voting platform for stakeholder reference.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.45%	-2.50%	-4.29%	-10.84%	+17.20%	+167.05%

Swaraj Engines Limited (SEL) has announced its financial results for the second quarter and half-year ended September 30, 2025, showcasing robust growth and record-breaking performance.

Q2 Highlights

SEL reported impressive growth in its Q2 FY26 results:

Metric	Q2 FY26	Q2 FY25	YoY Change
Engine Sales (units)	51,164	46,962	9.0%
Net Operating Revenue (₹ crore)	504.04	464.24	8.6%
Operating Profit (₹ crore)	68.03	62.84	8.3%
Profit Before Tax (₹ crore)	66.75	60.98	9.5%
Profit After Tax (₹ crore)	49.68	45.42	9.4%

The company's performance was driven by sustained strong demand, leading to a sales volume that surpassed 50,000 units in a single quarter for the first time.

H1 FY26 Performance

The strong momentum continued in the first half of FY26:

Metric	H1 FY26	H1 FY25	YoY Change
Engine Sales (units)	100,204	88,811	12.8%
Net Operating Revenue (₹ crore)	988.14	882.23	12.0%
Profit Before Tax (₹ crore)	133.92	119.01	12.5%
Profit After Tax (₹ crore)	99.65	88.61	12.5%

SEL achieved its highest-ever half-yearly engine sales, exceeding 100,000 units for the first time. This performance resulted in record-breaking Profit Before Tax and Profit After Tax figures for the company.

Management Changes

The Board of Directors has approved several key management changes:

Mr. Rajesh Jejurikar has resigned as Director and Chairman, effective from the close of October 16, 2025.
Mr. Rajya Vardhan Kanoria, currently a Non-Executive Independent Director, will assume the role of Chairman of the Board of Directors from October 17, 2025.
Mr. Gaganjot Singh has been appointed as an Additional Director (Non-Executive Non-Independent) effective from October 17, 2025.

Financial Position

As of September 30, 2025, SEL maintains a strong financial position:

Total Assets: ₹671.32 crore
Total Equity: ₹392.02 crore
Current Assets: ₹507.87 crore
Current Liabilities: ₹270.05 crore

The company's robust balance sheet provides a solid foundation for future growth and expansion opportunities.

Conclusion

Swaraj Engines Limited's record-breaking performance in Q2 and H1 FY26 demonstrates strong growth in the engine manufacturing sector. The company's ability to meet increasing demand while maintaining profitability positions it well in the market. SEL primarily supplies engines to Mahindra & Mahindra's Swaraj Division, contributing to its success in the agricultural machinery sector.