Board Meeting13 Aug 2026, 07:14 pm
Sal Automotive Re-appoints Independent Director & MD; Approves FY26 Q1 Results
AI Summary
Sal Automotive Ltd announced its Board of Directors meeting held on August 13, 2026, where they approved the Unaudited Financial Results for the quarter ended June 30, 2026. The company also approved the re-appointment of Mr. Uttam Sahay as Independent Director for a second term of three years and Mr. Rama Kant Sharma as Managing Director for five years, both subject to member approval at the upcoming 51st AGM. Additionally, the Board approved alterations to the Memorandum of Association (MOA) to align with the Companies Act, 2013, also pending member approval.
Key Highlights
- Re-appointment of Independent Director and Managing Director approved.
- Unaudited financial results for Q1 FY26 declared.
- Alterations to Memorandum of Association approved.
- All re-appointments and MOA changes require member approval at the AGM.
Price Impact
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