Sidh Automobiles Ltd

Financial snapshot

• Revenue from operations: 20.81 Lakhs for FY2025-26 (down from 29.16).
• Net profit after tax: (21.49) Lakhs for FY2025-26.
• Basic EPS: (0.073) Rs per share for FY2025-26.
• Dividend: Nil in FY2025-26.
• Share capital: 296.23 Lakhs; Authorized capital: Rs 30 Crore.
• Cash balance: 0.22 Lakhs; Reserves: 260.62 Lakhs.

Capital structure & liquidity

• Authorized capital Rs 30 Crore; issued capital Rs 296.23 Lakhs; no change.
• Short-term borrowings: 2.00 Lakhs.
• Current liabilities: 42.73 Lakhs; Short-term provisions: 58.08 Lakhs.
• 20% of net profits transferred to RBI Special Reserve.

Governance & leadership

• Shahabaz Nisar Ahmed Shaikh appointed MD May 25, 2026; remuneration nil due to inadequate profits.
• Remuneration to be reviewed by Board on NRC recommendation.
• Board met eight times; Audit Committee met four times during the year.

Audit, risk & internal controls

• Secretarial audit MR-3 by Anuj Gupta; Board responded to observations.
• Auditors' report: Standalone financials have no adverse remarks.
• Internal controls are adequate; governance framework maintained.

Operations & outlook

• Macro outlook: India growth around 7% in FY25-26; NBFCs supported by reforms.
• Company focuses on vehicle financing; expanding reach in rural and semi-urban markets.
• Cybersecurity and risk management emphasized; strengthening governance and risk controls.

Dividends & reserves

• Dividend for 2025-26 declared: None.
• 20% of net profits transferred to RBI Special Reserve.
• CSR not applicable; no CSR committee.

Related parties & subsidiaries

• Subsidiary/JV: None.
• Related party transactions: all at arm's length; policy in place.

AGM Details

• AGM scheduled for 11 September 2026 at 12:00 PM IST; physical at registered office.

Key Resolutions

• Ordinary: adopt audited standalone financial statements for year ended 31 March 2026 with Board and Auditor reports.
• Special: Regularise appointment of Shahabaz Nisar Ahmed Shaikh as Managing Director for five years from 25 May 2026.
• Special: Nil remuneration during tenure due to inadequate profits; remuneration to be reviewed.
• Special: Board may review remuneration and place before Members for approval.
• Special: Authority to file necessary e-forms and disclosures to give effect.

Dividend

• Dividend: no dividend proposed or declared at this AGM notice.

Director Changes

• Regularisation of Shahabaz Nisar Ahmed Shaikh as Managing Director for five years.

Voting Results

• Voting results not provided in this filing.

Material Related Party Transactions

• No material related-party transactions disclosed.

Other Material Approvals

• No other material approvals disclosed.

Key Decisions

• AGM for FY2025-26 scheduled for 11 September 2026 at 12:00 PM at Registered Office.
• Notice convening the 41st AGM approved for the same date and time.
• Annual Report for FY2025-26 including Directors' Report and annexures approved.
• Scrutinizer appointment: M/s Anuj Gupta & Associates for remote and AGM voting.

SIDH Automobiles: 29(2) disclosure

• Acquirer and PACs: Santan Investment Advisory LLP, Mallinath Madineni, Prathima Madineni (non-promoter).
• Transaction: Acquisition of 145,114 shares (4.90%).
• Pre-holding: 561,800 shares, 18.96%.
• Post-holding: 706,914 shares, 23.86%.
• Date and mode: 17-Aug-2026, off-market.
• Equity capital before/after: 2,962,300 shares; diluted capital: 2,962,300.

Disposal details

• Target Company: Sidh Automobiles Limited.
• Disclosing Party: Urvashi Mittal (Promoter group) in concert with PAC Concert.
• Transaction Type: Sale/disposal of 3,64,250 voting shares.
• Pre-Transaction Holding: 3,64,250 shares (12.30%).
• Details: 3,64,250 shares sold (12.30%).
• Post-Transaction Holding: 0 shares (0.00%).
• Share Capital Context: Pre/post sale capital Rs 2,96,23,000; 29,62,300 equity shares; diluted capital unchanged.

Transaction overview

• Target Company: Sidh Automobiles Limited.
• Disclosing Party: Urvashi Mittal (Promoter group) in concert with acquirer.
• Transaction Type: Disposal of 3,64,250 voting shares.
• Pre-Transaction Holding: 3,64,250 shares (12.30%).
• Transaction Details: 3,64,250 voting shares (12.30%) sold.
• Post-Transaction Holding: 0 voting rights, 0%.
• Share Capital Context: Before/after sale Rs. 2,96,23,000; 29,62,300 equity shares.

Transaction details

• Target Company: Sidh Automobiles Limited; Disclosing Party: Puja Mittal (Promoter group) as PAC.
• Pre-disposal holding: 3,69,100 shares (12.46%).
• Disposal: 3,69,100 shares (12.46%), post-disposal holding 0.
• Post-disposal equity capital unchanged: Rs. 2,96,23,000 (29,62,300 shares).
• Encumbrances: 0 before and after.

Transaction summary

• Target Company: Sidh Automobiles Limited.
• Disclosing Party: Urvashi Mittal and Concert (PAC) with acquirer; promoter group.
• Acquirer belongs to promoter/promoter group.
• Pre-disposal holding: 3,64,250 voting rights (12.30%).
• Sale details: 3,64,250 voting rights sold (12.30%).
• Post-transaction holding: 0 voting rights (0%).
• Equity share capital before and after sale: Rs 2,96,23,000 (29,62,300 shares).
• Total diluted share capital: Rs 2,96,23,000 (29,62,300 shares).

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