AGM/EGM18 Aug 2026, 05:50 pm
Sidh Automobiles Announces 41st AGM on Sep 11, 2026
AI Summary
Sidh Automobiles Ltd has announced its 41st Annual General Meeting (AGM) scheduled for Friday, September 11, 2026, at 12:00 PM IST. The AGM will address ordinary business, including the adoption of audited standalone financial statements for FY 2025-26 and the reports of the Board of Directors and Auditor. A key item of special business is the regularization of Mr. Shahabaz Nisar Ahmed Shaikh's appointment as Managing Director for a five-year term starting May 25, 2026. Due to inadequate profits, no remuneration will be payable to the Managing Director initially, subject to future review and member approval.
Key Highlights
- AGM scheduled for September 11, 2026, to adopt FY26 financial statements.
- Regularization of Mr. Shahabaz Nisar Ahmed Shaikh's MD appointment.
- MD appointment for 5 years from May 25, 2026.
- Nil remuneration for MD initially due to inadequate profits.
- Remuneration subject to future review and member approval.
Price Impact
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