Meeting Details

The 53rd Annual General Meeting was held on Saturday, 12 September 2026 at 12:30 P.M. through Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The meeting was deemed to be conducted at the Corporate Office at Plot No. D-3/1 Central MIDC Road, Hingna MIDC Industrial Area, Nagpur - 440016, Maharashtra.

Attendees

Directors and KMPs in Attendance:

  • Shri Arvind Jayaswal, Chairman
  • Shri Ramesh Jayaswal, Managing Director
  • Shri Anand Jayaswal, Non-Executive Director
  • Shri Avneesh Jayaswal, Executive Director
  • Shri Manoj Shah, Independent Director and Chairman of Audit Committee
  • Shri Rajendraprasad Mohanka, Independent Director and Chairman of Share Transfer cum Stakeholders Relationship Committee
  • Smt. Kumkum Rathi, Independent Director
  • Shri Ashwini Kumar, Independent Director
  • Shri Sangram Keshari Swain, Executive Director
  • Shri Kapil Shroff, Chief Financial Officer
  • Shri Ashish Srivastava, Company Secretary

Other Attendees:

  • Shri Rupesh Shah, Partner, Chaturvedi & Shah LLP (Statutory Auditors)
  • Smt. Rachana Daga, Proprietor, R.A. Daga & Co. (Secretarial Auditor & Scrutinizer)

Shri Vinod Kumar Kathuria, Independent Director, could not attend due to pre-occupation.

Business Transacted

Ordinary Business:

1. Adoption of Audited Financial Statements for Financial Year ended 31 March 2026 and reports of Board of Directors and Auditors

2. Re-appointment of Shri Arvind Jayaswal (DIN: 00249864) as Director retiring by rotation

3. Re-appointment of Shri Ramesh Jayaswal (DIN: 00249947) as Director retiring by rotation

4. Re-appointment of M/s Chaturvedi & Shah LLP, Chartered Accountants (Registration No. 101720W/W100355), as Statutory Auditors and fixation of their remuneration

Special Business:

5. Ratification of remuneration of Cost Auditors for financial year ending 31 March 2027

Auditor Re-appointment Details

  • M/s Chaturvedi & Shah LLP were re-appointed as Statutory Auditors
  • Term: From conclusion of this AGM for a period of 5 years till conclusion of AGM for financial year 2030-2031
  • The firm is one of the leading Chartered Accountancy firms founded in 1967
  • Services include Assurance, Taxation, and Transaction advisory
  • On panel of Comptroller and Auditor General of India (C&G), Reserve Bank of India (RBI), Insurance Regulatory and Development Authority (IRDA)

Voting Process

  • Remote e-voting was available from Wednesday, 9 September 2026 (9:00 A.M.) to Friday, 11 September 2026 (5:00 P.M.)
  • Members could also vote through e-voting during the AGM and up to 15 minutes after conclusion
  • Smt. Rachana Daga served as Scrutinizer for the voting process
  • Voting results to be declared within prescribed time limit and made available on company website and NSDL

Management Addresses

  • Chairman highlighted macroeconomic environment, Indian Steel Industry trends, Company's FY2025-26 performance, operational and financial performance, sustainability initiatives, employee development, CSR and safety measures
  • Managing Director addressed record breaking financial and operational performance, capacity expansion, TPM measures, industry engagements, sustainability initiatives, mine safety recognitions
  • CFO shared financial standing highlighting revenue growth, EBITDA growth, profit growth, net worth growth, debt reduction, finance cost reduction, improved credit ratings, digital transformation initiatives

Meeting Conclusion

The meeting concluded with a vote of thanks to the Chair at 1:05 P.M.