Sarda Energy & Minerals shareholders approve dividend, key appointments

Sarda Energy & Minerals Ltd. conducted its 52nd Annual General Meeting (AGM) on Thursday, September 25, 2025, via video conferencing, concluding at 12:20 p.m. Shareholders adopted the audited standalone and consolidated financial statements for the year ended March 31, 2025, with 99.8151% of votes in favor for both. A total of 288 members voted in favor of the standalone statements, casting 266,523,087 votes.

A dividend of ₹1.50 (150%) per equity share of face value ₹1/- for the financial year 2024-25 was declared, with 99.9996% of votes in favor from 289 members. Padam Kumar Jain was re-appointed as a director, securing 99.9491% of votes, and also as wholetime director for five years from June 1, 2026, with 99.9866% approval. Tripti Sinha was re-appointed as an independent director for a second term of five years from October 20, 2025, receiving 99.9832% of votes.

Other resolutions passed include the appointment of M/s. S.G. Kankani & Associates as secretarial auditors for five years until the 57th AGM in 2030, and the ratification of remuneration for cost auditors, M/s. S N and Co., for the financial year ending March 31, 2026. Amendments to the Articles of Association and approval to offer or invite subscriptions for redeemable non-convertible debentures totaling up to ₹1,000 crore on a private placement basis were also approved with high shareholder support.