StockWatch
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Auto Components & Equipments
Board Meeting13 Aug 2026, 06:43 pm

Sal Automotive Re-appoints Directors, Approves Financials and MOA Alteration

AI Summary

Sal Automotive Ltd announced board approval for the re-appointment of Mr. Uttam Sahay as Independent Director and Mr. Rama Kant Sharma as Managing Director. These appointments are subject to member approval at the upcoming 51st AGM. The board also approved the Unaudited Financial Results for the quarter ended June 30, 2026, and took on record the Limited Review Report from Mangla Associates. Additionally, the company approved alterations to its Memorandum of Association (MOA) to align with the Companies Act, 2013, also pending member approval at the AGM. The financial results show total income of ₹11586 Lakhs for the quarter ended June 30, 2026.

Key Highlights

  • Re-appointment of Independent Director and Managing Director approved.
  • Unaudited financial results for Q1 FY27 declared.
  • Alteration of Memorandum of Association approved.
  • All appointments and alterations require member approval at the AGM.
  • Board meeting held on August 13, 2026.