SAB

3.200

(%)

GENERAL MEETINGS: Outcome of Meeting

SOUTHERN ACIDS (M) BERHAD

Type of Meeting General
Indicator Outcome of Meeting
Date of Meeting 29 Aug 2025
Time 11:30 AM

Venue(s) 
Ballroom 3, Level 1, Wyndham Acmar Klang Hotel,

No. 1-G-1, Jalan Persiaran Bukit Raja 2/KU1,

Bandar Baru Klang,

41150 Klang, Selangor Darul Ehsan,

Malaysia

Outcome of Meeting

The Board of Directors of Southern Acids (M) Berhad ("SAB" or "the Company") wishes to announce that all the resolutions as set out in the Notice of Forty-Fourth Annual General Meeting ("44th AGM") dated 29 July 2025 were duly passed by the shareholders of SAB at the 43rd AGM held today, 29 August 2025.


All the resolutions tabled were approved by way of voting on poll. The results of the poll were validated by Messrs Scrutineer Solutions Sdn Bhd, the Independent Scrutineer appointed by the Company.

Voting Results

1. 1

Description 
To approve the payment of Single Tier Final Dividend of 5 sen per ordinary share in respect of the financial year ended 31 March 2025.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 49 1
No. of Shares 84,321,184 499
% of Voted Shares 99.9994 0.0006
Result Accepted

2. 2

Description 
To approve the payment of Directors' fees amounting to RM665,000 for the financial year ended 31 March 2025.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 48 2
No. of Shares 84,319,684 1,999
% of Voted Shares 99.9976 0.0024
Result Accepted

3. 3

Description 
To approve the payment of Directors' Benefits up to an amount of RM250,000 for the period from 30 August 2025 until the next AGM of the Company to be held in 2026.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 48 2
No. of Shares 84,319,684 1,999
% of Voted Shares 99.9976 0.0024
Result Accepted

4. 4

Description 
To re-elect Datuk Wira Lim Kim Long who is retiring under Clause 113 of the Company's Constitution, and being eligible, has offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 49 1
No. of Shares 84,321,184 499
% of Voted Shares 99.9994 0.0006
Result Accepted

5. 5

Description 
To re-elect Mr Stephen Wan Yeng Leong who is retiring under Clause 113 of the Company's Constitution, and being eligible, has offered himself for re-election.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 49 1
No. of Shares 84,321,184 499
% of Voted Shares 99.9994 0.0006
Result Accepted

6. 6

Description 
To re-appoint Deloitte PLT as Auditors to hold office until the conclusion of the next AGM at a remuneration to be fixed by the Directors.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 48 2
No. of Shares 84,321,084 599
% of Voted Shares 99.9993 0.0007
Result Accepted

7. 7

Description 
To retain Tan Sri Datuk Seri Panglima Sulong bin Matjeraie as an Independent Non-Executive Director of the Company.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 48 2
No. of Shares 68,838,684 15,482,999
% of Voted Shares 81.6382 18.3618
Result Accepted

8. 8

Description 
To approve the Authority to Issue Shares Pursuant to Sections 75 and 76 of the Companies Act, 2016
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 47 3
No. of Shares 68,838,584 15,483,099
% of Voted Shares 81.6381 18.3619
Result Accepted

9. 9

Description 
To approve the Proposed Authority for the Company to Purchase Its Own Shares of Up to 10% of the Total Number of Issued Shares of the Company ("Proposed Share Buy-Back")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 49 1
No. of Shares 84,321,184 499
% of Voted Shares 99.9994 0.0006
Result Accepted

10. 10

Description 
To approve the Proposed Renewal of Shareholders' Mandate for Existing Recurrent Related Party Transactions of a Revenue or Trading Nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 35 2
No. of Shares 16,093,368 599
% of Voted Shares 99.9963 0.0037
Result Accepted

11. 11

Description 
To approve the Proposed New Shareholders' Mandate for Additional Recurrent Related Party Transactions of a Revenue or Trading Nature.
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 46 4
No. of Shares 84,320,884 799
% of Voted Shares 99.9991 0.0009
Result Accepted



Please refer attachment below.

Attachments

Poll Result.pdf
133.0 kB



Announcement Info

Company Name SOUTHERN ACIDS (M) BERHAD
Stock Name SAB
Date Announced 29 Aug 2025
Category General Meeting
Reference Number GMA-29082025-00008
Corporate Action ID MY250829MEET0007


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