Sal Automotive Ltd

Sal Automotive Ltd — Trading Window Closure

MD Re-appointment

• Rama Kant Sharma re-appointed as MD for five years, effective February 4, 2027.
• Profile: Law graduate with HR background; heads diversified b4S Group.
• Disclosure: Rama Kant Sharma not related to other directors.

Independent Director Re-appointment

• Uttam Sahay re-appointed as Independent Director for three years, from January 31, 2027 to January 30, 2030.
• Profile: Ph.D. in Business Management; 30+ years HR leadership across major groups.
• Disclosure: Uttam Sahay not related to other directors.

AGM details

• Date and time: 21 September 2026, 3:00 PM, via video conferencing/AV.
• Voting cut-off: 14 September 2026; record shareholders: 2,554.

Key resolutions

• Ordinary: Adopt audited financial statements for year ended 31 March 2026.
• Ordinary: Declare final dividend of Rs 2.00 per equity share.
• Ordinary: Re-appoint Rajiv Sharma as Non-Executive Director on rotation.
• Special: Ratify remuneration of Cost Auditor for FY2027.
• Special: Adopt new Memorandum of Association.
• Special: Re-appoint Uttam Sahay as Independent Director.
• Special: Re-appoint Rama Kant Sharma as Managing Director.

Voting results

• All seven resolutions passed with requisite majority; very high in-favour percentages.
• Turnout was approximately 75% of outstanding shares; in-favour typically above 99.99%.

Dividend

• Dividend per share: Rs 2.00 (20% of face value).

Directors / executives

• Re-appointment: Rajiv Sharma as Non-Executive Director.
• Re-appointment: Uttam Sahay as Independent Director.
• Re-appointment: Rama Kant Sharma as Managing Director.

Auditors

• Cost Auditor remuneration ratified for FY ending 31 March 2027.

Other material approvals

• Adoption of new Memorandum of Association approved.

AGM Details

• Held Sep 21, 2026 at 3:00 PM via Video Conferencing.

Key Resolutions

• Receive, consider and adopt the Audited Financial Statements for the year ended 31 March 2026 (results not disclosed).
• Declare final dividend of Rs 2 per equity share (20%) (results not disclosed).
• Re-appoint Rajiv Sharma as Non-Executive Non-Independent Director by rotation (results not disclosed).
• Ratify remuneration of the Cost Auditor for FY ending 31 March 2027 (results not disclosed).
• Approve adoption of new Memorandum of Association as per the Companies Act 2013 (results not disclosed).
• Re-appoint Uttam Sahay as Independent Director (results not disclosed).
• Re-appoint Rama Kant Sharma as Managing Director (results not disclosed).

Dividend

• Final dividend of Rs 2 per equity share declared.

Directors & Management Changes

• Rajiv Sharma re-appointed as Non-Executive Non-Independent Director.
• Uttam Sahay re-appointed as Independent Director.
• Rama Kant Sharma re-appointed as Managing Director.

Auditors & Remuneration

• Cost Auditor remuneration ratified for FY 2027.

AGM and annual report access

• 51st AGM scheduled for 21 September 2026 at 3:00 PM via VC/OAVM.
• Shareholders with unregistered emails will access the Annual Report and AGM Notice via the company's website.
• Web links: annual report https://salautomotive.in/annual-reports/; AGM notice https://salautomotive.in/agm-egm-notice/.

Record date details

• Record date fixed Sept 14, 2026 for final dividend of Rs 2.00 per equity share, subject to approval.
• AGM scheduled for Sept 21, 2026.

Financial snapshot

• Total revenue: 386.76 Cr; net revenue from operations: 384.44 Cr.
• Net profit after tax: 4.26 Cr; EPS: Rs 8.95.
• Bonus issue increased paid-up equity to 4.795 million shares; paid-up capital Rs 479.54 Lakh.
• Final dividend proposed: Rs 2 per share; record date 14 Sep 2026; payable if approved.
• Net worth Rs 46.12 Cr; book value per share Rs 96.17.
• Total debt Rs 33.22 Cr; current borrowings Rs 26.71 Cr; non-current Rs 6.51 Cr.
• Debt-to-equity ratio: 0.72x.

Segment performance

• Automotive Components revenue: 18,764.83 Lakh; Agriculture Implements: 19,679.13 Lakh.
• Total segment revenue: 38,443.96 Lakh.
• Segment operating profit before finance: Auto 1,091.04 Lakh; Agri 389.18 Lakh; total 1,480.22 Lakh.
• Highest ever sales volume; PBT margin declined 25% YoY.

Dividend & capital allocation

• Dividend proposed: Rs 2 per share; record date 14 Sep 2026; payable if approved.
• Bonus equity: 23,97,713 shares issued; total equity 4,795,426 shares.
• Dividend cash outflow estimated: Rs 95.91 Lakhs.
• New satellite plant at Haridwar and Nabha expansion planned.

Capital structure & liquidity

• Total debt: Rs 33.22 Cr; cash & bank balances: Rs 0.92 Cr (9.16 Lakhs cash).
• Working capital: Rs 15.62 Cr; restricted deposits: Rs 4.92 Lakhs.
• Net debt to equity: 0.72x; liquidity appears adequate to meet obligations.

Governance & audit

• Board strength: 6; independent directors: 2; MD Rama Kant Sharma continues post-2027.
• Statutory auditors Mangla Associates reappointed for 2022-27; no qualifications.
• Secretarial auditors Arora & Co; no qualifications.
• Board met 5 times in FY2025-26.

CSR & ESG

• CSR spent: Rs 14.64 Lakh; required: Rs 14.29 Lakh; shortfall: Nil.
• CSR policy available on company website; ISO 14001:2015 & ISO 45001:2018 certified.
• CSR initiatives include tree plantation and community welfare.

Outlook & risks

• FY26-27 outlook positive; growth driven by automotive and tractor sectors.
• Risks: commodity price volatility, monsoons, regulatory changes, and supply chain shifts.

Related party & compliance

• All related party transactions on arm's length basis; not material.
• Board compliance and governance disclosures appear in separate sections.