Meeting Details

  • Meeting Type: 15th Annual General Meeting (AGM)
  • Date: Wednesday, 24th June, 2026
  • Time: 12:30 pm to 01:15 PM
  • Location: Registered Office at A-1, UPSIDC, Indl. Area, Nandgaon Road, Kosi Kalan, Distt. Mathura (U.P.) - 281403
  • Record Date: 17-06-2026
  • Total Shareholders on Record Date: 14,561

Proposed Resolutions and Implications

Six ordinary resolutions were proposed and approved:

1. Receipt and Adoption of Financial Statements: To receive, consider and adopt the Audited (Standalone & Consolidated) Financial Statements for the financial year ended 31st March 2026 and the reports of the Directors and Auditors thereon.

2. Director Re-appointment: To appoint Mr. Naresh Kumar Agarwal (DIN: 03552469) who retires by rotation and offers himself for re-appointment.

3. Auditor Re-appointment: To re-appoint M/s Lodha & Co LLP, Chartered Accountants (FRN: 301051E/E300284) as Statutory Auditors for their 2nd term of 5 consecutive years and authorize the Board to fix their remuneration.

4. Independent Director Re-appointment: To re-appoint Dr. Vinita Jha (DIN: 08395714) as Independent Director for her 2nd term of 5 consecutive years effective from 25th June, 2026.

5. Related Party Transaction - Siddeshwari Tradex: To approve material related party transaction with Siddeshwari Tradex Private Limited of amount not exceeding ₹30 Crores (exclusive of taxes) during financial year 2027-28. Promoters were interested in this resolution.

6. Related Party Transaction - Jindal Saw: To approve material related party transaction with Jindal Saw Limited of amount not exceeding ₹30 Crores (exclusive of taxes) during financial year 2027-28. Promoters were interested in this resolution.

Voting Process and Methods

The voting was conducted through:

  • Remote E-voting: Facilitated by NSDL through https://www.evoting.nsdl.com/
  • Voting period: Sunday, 21st June, 2026 at 09:00 AM to Tuesday, 23rd June, 2026 at 05:00 PM
  • Physical Poll: Conducted during the AGM
  • Publication: Voting information was published in Financial Express (English) and Jansatta (Hindi) newspapers on 30th May, 2026

Key Voting Outcomes

Shareholder Participation

  • Promoters and Promoter Group present: 17 shareholders
  • Public shareholders present: 32 shareholders
  • Video conferencing attendance: 0 shareholders

Resolution-wise Results

Resolution 2 (Director Re-appointment):

  • Total votes cast: 50,902,323
  • Votes in favor: 50,902,118 (99.9996%)
  • Votes against: 205 (0.0004%)
  • Promoter group: 100% in favor (50,895,475 votes)
  • Public institutions: 0 votes cast
  • Public non-institutions: 6,848 votes cast (97.0064% in favor)

Resolution 3 (Auditor Re-appointment):

  • Total votes cast: 50,902,323
  • Votes in favor: 50,902,118 (99.9996%)
  • Votes against: 205 (0.0004%)
  • Promoter group: 100% in favor (50,895,475 votes)
  • Public institutions: 0 votes cast
  • Public non-institutions: 6,848 votes cast (97.0064% in favor)

Resolution 5 (Siddeshwari Tradex Transaction):

  • Total votes cast: 6,848 (only public non-institutions voted)
  • Votes in favor: 6,643 (97.0064%)
  • Votes against: 205 (2.9936%)
  • Promoter group: 0 votes cast (abstained due to interest)

Resolution 6 (Jindal Saw Transaction):

  • Total votes cast: 6,848 (only public non-institutions voted)
  • Votes in favor: 6,643 (97.0064%)
  • Votes against: 205 (2.9936%)
  • Promoter group: 0 votes cast (abstained due to interest)

Scrutinizer's Role and Findings

  • Name: CS Awanish K. Dwivedi
  • Firm: Awanish Dwivedi & Associates
  • Qualification: Company Secretary (Membership No.: 8055)
  • Appointment Date: 11-05-2026 by Board meeting
  • Report Issuance Date: 25-06-2026

The scrutinizer monitored the entire voting process, including:

  • Secured access to NSDL e-voting system
  • Physical polling during AGM with ballot box locked in his presence
  • Vote counting witnessed by two independent witnesses (Ms. Esha Rana and Ms. Kanchan Manral)
  • Reconciliation with RTA records (M/s RCMC Share Registry Private Limited)
  • Confirmed that no member voted both electronically and physically

Compliance Confirmation

The document confirms compliance with:

  • Section 108 of the Companies Act, 2013
  • Rule 20 of the Companies (Management and Administration) Rules, 2014
  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Additional Information

  • Corporate office: Jindal Centre, 12, Bhikaiji Cama Place, New Delhi - 110066
  • No invalid votes were recorded across any shareholder category
  • All resolutions were passed with requisite majority