AGM/EGM24 Jul 2026, 05:00 pm
Smiths & Founders: AGM Approves CMD Continuation & MOA Alteration
AI Summary
Smiths & Founders (India) Ltd announced key resolutions passed at its 35th Annual General Meeting held on July 24, 2026. Members approved the continuation of Mr. Suresh Shastry as Chairman and Managing Director upon attaining the age of seventy years. Additionally, the company's Memorandum of Association was altered to include a new sub-clause enabling various forms of corporate restructuring, such as mergers, demergers, acquisitions, and amalgamations. Mr. Shastry, aged 69, holds a significant stake of 28.64% in the company and drew a remuneration of ₹21.62 Lakhs in FY 2025-26.
Key Highlights
- AGM approved continuation of Mr. Suresh Shastry as CMD post-seventy years.
- Memorandum of Association amended for corporate restructuring flexibility.
- Mr. Shastry holds 28.64% stake and earned ₹21.62 Lakhs in FY26.
- Company Secretary confirmed compliance with SEBI LODR regulations.
Price Impact
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