Sambandam Spinning Mills Limited has submitted the proceedings of its 52nd Annual General Meeting (AGM) held on September 18, 2026. The meeting, conducted via audio and video, covered shareholder attendance, board reports, chairman’s address on company performance and outlook, and discussions on financial statements. The proceedings also detailed the e-voting process and resolutions put forth to members.
Summary of 52nd AGM Proceedings
Sambandam Spinning Mills Limited convened its 52nd Annual General Meeting (AGM) on Friday, September 18, 2026, from 10:45 AM to 11:30 AM. The meeting was held virtually through audio and video visual means, adhering to the provisions of the Companies Act, 2013.
Key Highlights and Discussions
A total of 34 members, including promoter directors, attended the meeting. The Chairman delivered an address focusing on the company’s performance and its outlook for the upcoming year, emphasizing full compliance with corporate governance. Shareholders were invited to present their speeches, offer suggestions, and raise queries regarding the company’s financial statements and future business strategies. The Chairman addressed these queries to the satisfaction of the shareholders.
The meeting also acknowledged the support of employees, bankers, customers, and government bodies. Company Secretary S. Natarajan provided a briefing on the e-voting process, which commenced on September 13, 2026, and concluded on September 17, 2026. The list of resolutions for voting was read out, and members who had not voted remotely were given the opportunity to do so electronically during the meeting. The Board had appointed Mr. K. Karthikeyan as the Scrutinizer for the e-voting and poll process.
Conclusion of the Meeting
The company informed members that the e-voting results would be declared within two working days and would be uploaded on the company’s website and intimated to stock exchanges. The meeting officially concluded at 11:30 AM on the same day.
Source: BSE
