Swaraj Engines Ltd

Dematerialisation actions

• Within 15 days of receipt, dematerialised securities were listed on the stock exchanges.
• Certificates were mutilated and cancelled after verification, and the depository's name substituted as registered owner.

Resolutions

• Item 1: Ordinary: appoint Sanjay Kshirsagar as Director, liable to retire by rotation.
• Item 2: Special: appoint WTD & CEO for 3 years (Sep 2026–Aug 2029) at Rs 1.69 lakh monthly.

Remuneration framework

• Perquisites up to 300% of annual basic salary.
• ESOPs to be granted under NRC-approved schemes.
• Performance pay up to 175% of annual basic.
• Minimum remuneration payable if profits are inadequate, subject to approvals.

Director profile

• Candidate: Mr. Sanjay Kshirsagar, 57, Mechanical Engineer; 34 years in manufacturing ops; ex-Mahindra.

Voting details

• Remote e-voting period: 23 Sep 2026 to 22 Oct 2026.
• Cut-off date for eligibility: 18 Sep 2026.

Devjit Sarkar: cessation as Director and WTD

• Cessation: completion of tenure as Director and Whole Time Director (CEO) approved by shareholders; effective 01 Sep 2026.
• Term served: 01 Sep 2024 to 31 Aug 2026.

Appointment of WTD and CEO

• Appointment of Mr. Sanjay Kshirsagar as Additional Director with effect from 1 September 2026.
• Appointed WTD and CEO for 3 years from 1 Sept 2026 to Aug 2029.
• Subject to approval by shareholders.
• NRC recommended the appointment.
• Not debarred from holding the office of Director.

AGM Details

• AGM conducted via video conferencing, afternoon session in 2026.
• Attendance: seventy members present via VC.
• Meeting commenced in afternoon and concluded shortly after.

Key Resolutions

• Receive, consider, and adopt Audited Financial Statements and reports.
• Dividend declaration on equity shares.
• Re-appointment of Puneet Renjhen as Director, retiring by rotation.
• Re-appointment of Devjit Sarkar as Director, retiring by rotation.
• Remuneration ratified for Cost Auditors for FY ending 31 March 2027.

Voting Results

• Voting outcomes not disclosed in the summary.

Director Changes

• Puneet Renjhen re-appointed as Director, retiring by rotation.
• Devjit Sarkar re-appointed as Director, retiring by rotation.

Auditor Remuneration

• Remuneration ratified for M/s SDM & Associates, Cost Auditors, for FY ending 31 March 2027.

Financial performance

• Quarter ended 30 Jun 2026: revenue from operations ₹588.39 crores; total income ₹592.10 crores.
• Engine sales 56,803 units, up 15.8% YoY.
• EBITDA ₹76.76 cr; PBT ₹74.64 cr (all-time high); PAT ₹55.53 cr.
• Net operating revenue up 21.5% YoY to ₹588.39 crores; other income ₹3.71 crores.
• Earnings per share basic/diluted ₹45.70 (not annualised).
• Single engine-manufacturing segment; operates only in India.