Sat Kartar Life Limited Approves Re-appointment of Auditor and Final Dividend Recommendation
Sat Kartar Life Limited, formerly known as Sat Kartar Shopping Limited, conducted a meeting of its Board of Directors on Friday, July 31, 2026. During the meeting, the Board reviewed key operational matters, approved the notice for the upcoming Annual General Meeting (AGM), and considered the re-appointment of the statutory auditor for five years.The company approved the Notice of its 14th Annual General Meeting, which is scheduled to be held on Friday, August 28, 2026, at 10:00 a.m. IST, utilizing Video Conferencing or other Audio-Visual Means. The Board also formally approved the Director's Report for the financial year ending March 31, 2026.
A significant outcome of the meeting was the recommendation of a final dividend amounting to ₹0.70 per equity share of face value ₹10 for the financial year ended March 31, 2026. This decision is subject to approval by shareholders at the ensuing AGM.
Key Appointments and Administrative Decisions
The Board approved M/s Nidhi Bansal & Co., Chartered Accountants, as the statutory auditor of the Company for a term of five years, pending shareholder ratification at the AGM. The company also appointed M/s Rawal & Co., Company Secretaries, to serve as the Scrutinizer for overseeing the e-voting process. Additionally, the Board approved CDSL to provide the necessary facility for conducting the AGM through OAVM (Other Audio Visual Means) and for enabling E-Voting.Details regarding the appointed statutory auditor are summarized below:
| Particulars | Details |
|---|---|
| Statutory Auditor | M/s Nidhi Bansal & Co. |
| Term of Appointment | 05 years, commencing from the conclusion of the ensuing Annual General Meeting. |
| Brief Profile | M/s Nidhi Bansal & Co. is a reputed Chartered Accountants firm with over 18 years of experience in accounting, auditing, taxation, financial advisory, and corporate compliance. The firm has extensive practice across statutory audits, tax audits, GST advisory, and risk assessment. |
Dividend Distribution and Voting Details
The Board also finalized the administrative details related to the dividend payment and shareholder voting. Both the record date and the cut-off date for E-Voting were set as Friday, August 21, 2026. The company approved all necessary documentation and procedures regarding the conduct of its forthcoming AGM and the execution of the e-voting process.The Board meeting commenced at 11:30 A.M. and concluded at 01:15 P.M.
SATKARTAR Stock Price Movement
As of 1:44 PM, shares of Sat Kartar Life Limited are slipping by 0.38% in live trading, currently trading at ₹130. Traded volume stood at 4,000 shares throughout the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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