Sundram Fasteners Ltd

Meeting Details

• Date: August 6, 2026
• Time: Not disclosed in filing
• Type/Mode: Group earnings conference call, virtual
• Organizer: Avendus Spark Institutional Equities
• Key company participants: CFO; Executive Vice President, Marketing; Vice President, Finance & Projects
• Purpose: Discuss Q1 FY27 results and conduct investor Q&A
• Recording: Conference recording was made

Acquirer and target

• Target Company: Sundram Fasteners Limited.
• Acquirer and PAC: Nippon India Mutual Fund via Nippon Life India Trustee Limited A/c.
• Promoter/Promoter group: No.
• Stock exchanges: NSE and BSE.
• Pre-acquisition voting rights: 1,03,33,365 shares (4.9176%).

Holding and transaction details

• Acquired 288,665 voting shares (0.1374%).
• Post-acquisition holding: 1,06,22,030 shares (5.055%).
• Mode: Open Market.
• Date of acquisition: Apr 21, 2004 to Aug 05, 2026.
• Equity capital before/after: Rs 21,01,28,370; 21,01,28,370 shares.
• Total diluted share/voting capital after: Rs 21,01,28,370; 21,01,28,370 shares.
• Salient features: NA.

Meeting Details

• Board meeting scheduled for August 4, 2026; time and venue not disclosed.

Key Agenda Items

• To consider unaudited financial results for the first quarter ended June 30, 2026.

Other Notes

• Trading window for designated persons remains closed from June 30 to August 6, 2026.

Rating Action & Instruments

• Commercial Paper (short-term debt) rating reaffirmed at CRISIL A1+.
• Rating Agency: CRISIL Ratings Limited.
• Outlook not disclosed in the communication.
• Rationale not disclosed in the filing.

Dematerialisation status

• Securities received for dematerialisation were confirmed to depositories and all exchanges.
• The dematerialised securities have been listed on the stock exchanges.
• Physical certificates were mutilated and cancelled after verification; depository name substituted within the prescribed timeline.

AGM details

• 63rd AGM on June 24, 2026 at 9:30 a.m. IST.
• Meeting to be held through VC/OAVM.
• Remote e-voting runs June 21-23, 2026.
• Cut-off date for voting: June 17, 2026.

Resolutions

• Ordinary: adopt audited standalone and consolidated financial statements.
• Ordinary: re-appoint Ms Arundathi Krishna as director by rotation.
• Ordinary: ratify cost auditor remuneration for FY2026-27.
• Special business was limited to cost auditor remuneration ratification.

Dividend

• Board proposed second interim dividend of ₹4.25 per share.
• Total dividend for FY2025-26 is ₹8.00 per share.
• First interim dividend of ₹3.75 per share was already paid.

Director changes

• Ms Arundathi Krishna retires by rotation and seeks re-appointment.
• Ms Arathi Krishna re-appointed Managing Director for five years from May 3, 2026.
• Sri Suresh Krishna re-appointed Non-Executive Director for five years from July 1, 2026.

Auditors

• Statutory auditors remain B S R & Co. LLP.
• Secretarial auditors remain Sriram Krishnamurthy & Co.
• Cost auditor Sri P Raju Iyer was re-appointed for FY2026-27.
• Cost auditor remuneration ratified at ₹5 lakh plus expenses.

Related party transactions

• No material related party transaction was reported.
• All related party transactions were stated to be at arm’s length.
• Promoter-group sales to TVS Sundram Fasteners Private Limited were ₹114.59 crore.

Other approvals

• No ESOP, merger, borrowings, or charter amendments were proposed at this AGM.
• Board approved reclassification request for certain promoter-group entities to public category, subject to approvals.

Voting results

• Postal ballot resolutions on MD and Non-Executive Director reappointments were passed.
• MD reappointment received 91.54% votes in favour.
• Suresh Krishna reappointment received 99.83% votes in favour.