Super Sales India Ltd Passes Dividend Declaration, Appoints New Auditors at 44th Annual General Meeting

<h1>Super Sales India Ltd Passes Dividend Declaration, Appoints New Auditors at 44th Annual General Meeting</h1>

The members of Super Sales India Ltd held its 44th Annual General Meeting on July 20, 2026. The meeting included discussions and voting on various ordinary and special business items, including the adoption of annual financial statements, dividend declaration, director re-appointment, appointment of statutory auditors, approval of related party transactions, and ratification of cost auditor remuneration.

The Chairman declared that all resolutions set out in the notice were duly passed with requisite majority during the meeting held at the company's registered office located at 34-A, Kamaraj Road, Coimbatore.

AGM Business Outcomes​

Key decisions made by the members include:

Financial Statements and Dividend Declaration
The Audit Committee’s report on the Audited Annual Financial Statements for the financial year ended March 31, 2026, was adopted by the shareholders. The company also declared a dividend of Rs. 2.50/- per equity share against a face value of Rs. 10/-, which constitutes 25% of the earnings. This dividend is payable from the current profits for the financial year ended March 31, 2026, and covers 30,71,500 equity shares, absorbing Rs. 76.79 lakhs.

Director Re-appointment and Auditor Appointment
Sri Sanjay Jayavarthanavelu was reappointed as a Director of the Company after retirement by rotation. Furthermore, M/s. S. Krishnamoorthy & Co., Chartered Accountants (Firm Registration No. 001496S), were appointed as the Statutory Auditors of the company for a term spanning five consecutive years, from the financial year 2026-27 to 2030-31. M/s. S. Krishnamoorthy & Co. replace M/s. Subbachar & Srinivasan, who were the retiring statutory auditors.

Related Party Transactions and Cost Audit
The members approved a resolution regarding material related party transactions with LMW Limited (formerly Lakshmi Machine Works Limited). This approval permits the company to enter into agreements or contracts for up to Rs. 200 Crores for the period extending from the conclusion of the AGM until the next Annual General Meeting.

Additionally, remuneration payable to Cost Accountant Sri G. Sivagurunathan was ratified and confirmed for conducting the cost audit across the Textile division and Engineering Division -Gears unit for the financial year ending March 31, 2027. The agreed remuneration is Rs. 1,50,000/- plus reimbursement of out-of-pocket expenses.

Voting Summary​

The voting results recorded during the AGM for the key resolutions are detailed below:

Stock Price Movement​

At 11:22, Super Sales India Ltd. is edging higher, trading at ₹1070.00 after gaining 1.99%. The shares have seen significant intraday movement, having traded between a low of ₹1054.35 and hitting an intraday high of ₹1090.00.