Sobha Ltd Holds 31st Annual General Meeting with Directors and Key Personnel Present
Sobha Limited held its 31st Annual General Meeting (AGM) on Saturday, July 18, 2026, through Video Conferencing/Other Audio-Visual Means (VC/OAVM). The meeting saw the presence of several key directors, managerial personnel, and statutory auditors.The AGM was chaired by Mr. Ravi PNC Menon, Chairman of the Board. Following introductions and a briefing on general instructions provided by Company Secretary and Compliance Officer, Mr. Bijan Kumar Dash, Mr. Jagadish Nangineni, Managing Director, presented updates on the operational and financial activities of the Company for the Financial Year 2025-26 to the shareholders.
It was noted that reports from both the Statutory and Secretarial Auditors were free from any qualifications or adverse comments. With the consent of the members, the Auditor's Report and Notice of the Meeting were taken as read.
A total of 48 members attended the meeting via video conferencing or other audio-visual means.
Key Personnel Attending the AGM
The following directors, key managerial personnel (KMPs), and auditors were present at the meeting:Directors:
| S. No | Name of the Director | Designation |
|---|---|---|
| 1 | Mr. Ravi PNC Menon | Chairman and member |
| 2 | Mr. Jagadish Nangineni | Managing Director and member |
| 3 | Mr. Nisanth M N | Deputy Managing Director and member |
| 4 | Mrs. Srivathsala KN | Independent Director, Chairperson of Stakeholder Relationship Committee and Corporate Social Responsibility Committee |
| 5 | Mr. Raman Mangalorkar | Independent Director, member and Chairman of Audit Committee, Nomination, Remuneration and Governance Committee |
| 6 | Mr. Subba Rao Amarthaluru | Independent Director, Chairman of Risk Management Committee |
| 7 | Mr. Gopal Bhimrao Hosur | Independent Director |
Key Managerial Personnel (KMPs):
| S. No | Name | Designation |
|---|---|---|
| 1 | Mr. Yogesh Bansal | Chief Financial Officer |
| 2 | Mr. Bijan Kumar Dash | Company Secretary & Compliance Officer and member |
Auditors Present:
| S. No | Name | Designation |
|---|---|---|
| 1 | Mr. Manish Agrawal | Partner of M/s. Walker Chandiok & Co. LLP, Statutory Auditors |
| 2 | Mr. Nagendra D Rao | Secretarial Auditor and Scrutinizer for conducting the e-voting process |
Transaction Details and Resolutions
The meeting addressed several items of business via remote e-voting as per the Notice of AGM dated May 04, 2026.Ordinary Business included:
- Considering and adopting the Standalone Financial Statements of the Company for the Financial Year ended March 31, 2026, along with the reports of the Board of Directors and Statutory Auditors.
- Adopting the Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026, along with the report of the Statutory Auditors.
- Declaring a dividend at the rate of ₹ 6/- per equity share of ₹ 10/- (Rupees Ten only) each fully paid-up equity shares of the Company, and pro-rata dividend on partly paid-up equity shares for the financial year ended March 31, 2026.
- Re-appointing Mr. Ravi PNC Menon as a director liable to retire by rotation.
Special Business included:
- Ratification of remuneration payable to Cost Auditors for the Financial Year 2025-26 (Ordinary Resolution).
- Re-appointment of Mr. Jagadish Nangineni as Managing Director of the Company for a term of five years and payment of remuneration (Ordinary Resolution).
- Re-appointment of Mr. Raman Mangalorkar as a NonExecutive Independent Director (Special Resolution).
- Issue of Non-Convertible Debentures on Private Placement basis (Special Resolution).
E-Voting Process Details
The company utilized the e-voting facility provided by MUFG Intime India Private Limited for members to exercise their votes. The cut-off date for determining eligible shareholders was July 11, 2026. E-voting commenced on July 14, 2026, at 9:00 A.M. and concluded on July 17, 2026, at 5:00 P.M.Members who participated in the AGM via VC/OAVM were also provided an opportunity to e-vote through the MUFG portal during and after a thirty-minute period following the conclusion of the meeting. The company had appointed Mr. Nagendra D Rao as the Scrutinizer for evoting.
The Chairman informed that the consolidated voting results would be made available on the RTA's website and the Company's website within two working days from the meeting’s conclusion.
The AGM concluded at 10:15 A.M. with a vote of thanks to all shareholders for their continued support.
SOBHA Stock Price Movement
Shares of Sobha Limited slipped on Friday, shedding 2.14% to settle at ₹1461 after trading from its previous close. The equity saw a volume of 104,334 shares during the day's 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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