Solitaire Machine Tools Announces 34th Annual General Meeting to Approve FY2025-26 Financials and Director Reappointment
Solitaire Machine Tools Limited has scheduled its 34th Annual General Meeting (AGM) for members, which is set to be held on Saturday, June 27, 2026. The meeting is scheduled for 11:00 a.m. and will be conducted via Video Conferencing (VC) or Other Audio Visual means (OAVM).The AGM agenda includes several key ordinary business items designed to cover the company’s operational performance and governance matters. Shareholders are requested to receive, consider, and adopt the Standalone Audited Financial Statements of the Company for the Financial Year ended March 31, 2026, along with the corresponding Board's Report and Auditors' Report.
A primary business item is the approval and declaration of a dividend recommended by the Board for the Financial Year 2025-26. Additionally, the meeting will address the re-appointment of Mr. Ashok J. Sheth to the Board of Directors, as he retires by rotation.
Director Appointment Details
The Notice provided details regarding the appointment and reappointment of directors for the upcoming AGM. Mr. Ashok J. Sheth, who is slated for re-appointment, was noted as being a Chairman and holds significant expertise in the manufacturing of machine tools.Details pertaining to Mr. Ashok J. Sheth are provided below:
| Detail | Information |
|---|---|
| Name | Mr. Ashok J. Sheth |
| DIN | 00174006 |
| Date of Birth | August 15, 1947 |
| Appointment/Re-appointment Date | September 10, 1987 |
| Area of Specialisation | Manufacturing of Machine Tools |
| Qualification & Expertise | B.S. (Mechanical Engineering) |
| Remuneration Last Drawn | 18,43,000/- |
| Shares Held in the Company | 4,10,659 |
The Board of Directors includes Mr. Hemandra J. Badani as Vice-Chairman and Managing Director, alongside Harsh Badani, Joint Managing Director. The company's independent directors include Ms. Shilpa Taneja, Mr. Bharat V Shah, Ms. Kesha N Tanna, and Ms. Nishita G Rajput.
Stock Price Movement
As the market closed today, Solitaire Machine Tools Ltd stock settled at ₹98.95, shedding 2.32%. The shares traded within an intraday range set between a low of ₹98.95 and a high of ₹102.00.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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