Siddhika Coatings Limited, India’s largest single-brand paint contract company, conducted its 15th Annual General Meeting (AGM) on Saturday, 5th July 2025 via Video Conferencing (VC)/Other Audio Visual Means (OAVM), fully compliant with Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI) guidelines.

This format ensured safe, accessible, and transparent participation by shareholders in line with Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Official Details of the AGM

• Date: 5th July 2025

• Time: 02:00 PM IST to 02:45 PM IST

• Mode: Video Conferencing / OAVM

• Exchange: National Stock Exchange of India Limited (NSE)

• Trading Symbol: SIDDHIKA

• Company Secretary: Ms. Pooja Agrawal

• Registered Office: L-9, Lower Ground Floor, Kalkaji, New Delhi – 110019

Meeting Protocol and Participation
Ms. Pooja Agrawal, Company Secretary & Compliance Officer, opened the meeting, welcoming all shareholders and introducing the Board of Directors and Key Managerial Personnel (KMPs) in attendance from their respective remote locations.

Key highlights:

• 14 members attended, ensuring the statutory quorum.

• The meeting was run in full compliance with MCA and SEBI’s circulars for electronic meetings.

• The company used CDSL’s platform for live viewing and e-voting during the AGM.

This virtual format ensured maximum shareholder participation while maintaining health and safety norms.

E-Voting Facility
In line with Companies Act, 2013 and SEBI rules:

• Remote e-voting was open from 02 July 2025 (09:00 AM IST) to 04 July 2025 (05:00 PM IST).

• Members who had not voted remotely could cast votes during the meeting using CDSL’s e-voting system.

• The e-voting system remained open for 15 minutes post-proceedings to allow final votes.

Scrutinizer Appointment:
Mr. Gaurav Gupta, Practicing Company Secretary (FCS No. 10940, CP No. 15523), was appointed as Scrutinizer to ensure a fair and transparent voting process.

Meeting Proceedings
The Company Secretary explained the general instructions for participation via VC/OAVM and confirmed the presence of Directors and Auditors.

Members were informed that:

• The Audited Financial Statements, Directors’ Report, and Auditors’ Report (which contained no qualifications or adverse remarks) were circulated electronically and taken as read with member consent.

• Members were guided to refer to detailed instructions provided in the Notice dated 6 June 2025.

Chairman’s Address and Business Updates

• The Chairman delivered opening remarks, outlining business strategy and reaffirming commitment to growth and governance.

• Mr. Gaurav Agarwal, Director, announced new product launches planned under Siddhika’s own branding during the financial year.

• The CFO presented financial highlights for FY 2024–25.

Shareholder Interaction
Speaker shareholders posed questions covering business outlook, strategy, financials, and governance.
These were addressed in detail by:

• Mr. Charitra Maheshwari (Managing Director)

• Mr. Gaurav Agarwal (Executive Director)

• Mr. Manvendra Pratap Singh (Executive Director)

• Mr. Chandtan Tiwari (CFO)

This demonstrated transparent, engaged governance and responsiveness to investor queries.

Resolutions Considered at the AGM
ORDINARY BUSINESS:

1. Adoption of Audited Financial Statements (including Consolidated Accounts) for FY ended 31 March 2025 with Board and Auditor Reports.

2. Re-appointment of Mr. Charitra Maheshwari (DIN: 03055689), retiring by rotation.

3. Declaration of final dividend of Rs 3.30 per share for FY 2024–25.

SPECIAL BUSINESS:
4. Approval of Related Party Transactions with wholly owned subsidiaries.
5. Increase in managerial remuneration payable to Mr. Charitra Maheshwari above 5% of net profits.
6. Increase in managerial remuneration payable to Mr. Gaurav Agarwal above 5% of net profits.
7. Increase in managerial remuneration payable to Mr. Manvendra Pratap Singh above 5% of net profits.
8. Increase in overall managerial remuneration for Directors.

All resolutions were passed with the requisite majority votes cast by remote e-voting and live e-voting during the meeting.

Dividend Declaration
One of the major highlights of the AGM was approval of the final dividend:

• Dividend Rate: Rs 3.30 per Equity Share.

• Purpose: Rewarding shareholders for their continued support and reflecting strong financial performance.

This aligns with Siddhika’s shareholder-friendly approach and stable payout policy.

Managerial Remuneration Approvals
The company sought and received shareholder approvals for increasing managerial remuneration to ensure market-aligned compensation for its leadership.

This included:

• Approvals for each Executive Director to receive remuneration exceeding 5% of net profits individually.

• Overall managerial remuneration limits for the Board of Directors.

Such steps ensure talent retention and motivated leadership in a competitive industry.

Corporate Governance Focus
Throughout the proceedings, Siddhika Coatings demonstrated adherence to best practices in Corporate Governance by:

• Ensuring quorum.

• Providing clear instructions for electronic participation.

• Appointing an independent Scrutinizer.

• Maintaining full transparency with pre-circulated Annual Reports.

• Addressing all shareholder queries during the AGM.

Post-AGM Compliance and Disclosure
The company confirmed that:

• Voting results (including remote e-voting and live voting) would be intimated to the stock exchanges in due course.

• The document shared was a summary of proceedings, not the full formal minutes, which will be prepared and maintained as per statutory requirements.

Management’s Vote of Thanks
The meeting concluded with Ms. Pooja Agrawal, Company Secretary, extending gratitude to:

• Shareholders for their participation and continued trust.

• Board of Directors and KMPs for leadership.

• Auditors for their guidance.

• Management team for their dedication.

She confirmed the smooth conduct of the AGM via VC/OAVM, in line with SEBI and MCA guidelines.

Conclusion
Siddhika Coatings Limited’s 15th AGM stands as a testament to transparent, accountable, and modern corporate governance in India’s evolving regulatory environment.

By successfully conducting the AGM via VC/OAVM, providing remote e-voting, and fully disclosing proceedings to the National Stock Exchange, the company reinforced its commitment to investor relations and regulatory compliance.

With all ordinary and special resolutions approved by shareholders, the company is well-positioned for its next phase of growth, backed by robust governance structures and a clear strategic vision for the future.

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