AGM Details
The 15th Annual General Meeting of Karbonsteel Engineering Limited is scheduled to be held on Wednesday, September 23, 2026 at 3:00 P.M. (IST) through Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The deemed venue for the AGM is the Registered Office of the Company at B-8, Ratnadeep Cosmopolitan CHS Ltd., 140-141 S.V. Road, Near Shoppers Stop, Andheri West, Mumbai – 400058.
Key Dates
- Cut-off Date for Remote E-voting and E-voting at AGM: Wednesday, September 16, 2026
- Commencement of Remote E-voting: Sunday, September 20, 2026 at 9:00 A.M. (IST)
- End of Remote E-voting: Tuesday, September 22, 2026 at 5:00 P.M. (IST)
- AGM Date: Wednesday, September 23, 2026 at 3:00 P.M. (IST)
Business to be Transacted
Ordinary Business:
1. To receive, consider and adopt the Audited Standalone Financial Statements of the company for the financial year ended March 31, 2026, together with the Independent Auditor's Report thereon and Report of the Board of Directors thereon.
2. To re-appoint Mr. Shrenik Kirit Shah (DIN: 02070901) as Managing Director of the Company, who retires by rotation and, being eligible, offers himself for re-appointment.
Special Business:
3. Ratify the remuneration payable to Cost Auditors of the Company for the financial year 2026-27: To consider and pass an Ordinary Resolution ratifying remuneration of Rs. 17,000/- p.a. (Rupees Seventeen Thousand only) payable to M/s Mayur Chhaganbhai Undhad & Co (Registration No.103961) appointed by the Board of Directors to conduct the audit of the cost records for FY 2026-27.
4. To consider and approve creation of security(ies) on the properties of the Company: To consider and pass a Special Resolution pursuant to Section 180(1)(a) of Companies Act, 2013 for creation of charge/mortgage/pledge/hypothecation/security on all or any movable and/or immovable properties, tangible or intangible assets of the Company, both present and future, in favour of Lender(s) for securing borrowings up to Rs. 400,00,00,000/- (Rupees Four Hundred Crores Only).
5. To consider and approve increase in the borrowing limits of the Company upto Rs. 400 crores under Section 180(1)(c): To consider and pass a Special Resolution to empower Board of Directors to borrow money up to Rs. 400,00,00,000/- (Rupees Four Hundred Crores Only) exceeding the aggregate of paid-up capital and free reserves.
Voting Arrangements
The Company has appointed Central Depository Services (India) Limited (CDSL) as the authorized e-Voting agency. Remote e-voting facility will be available from September 20, 2026 (9:00 A.M.) to September 22, 2026 (5:00 P.M.). The facility of e-voting during the AGM will be provided to members who have not cast their votes through remote e-voting.
Ms. Amita Karia, Practising Company Secretaries (FCS 11066, CP 16962) has been appointed as Scrutinizer for scrutinizing the voting process. The voting results along with the consolidated Scrutinizer's Report will be submitted to BSE within two working days of conclusion of the AGM and placed on the company website and CDSL website.
Director Details for Re-appointment
Mr. Shrenik Kirit Shah (DIN: 02070901), Managing Director:
- Date of Birth: October 16, 1980
- Nationality: Indian
- Age: 45 years
- Date of Appointment: April 25, 2011
- Qualifications: International Master of Business Administration
- Experience: Over 19 years in steel trading and structural steel fabrication industry
- Board Meetings attended in FY 2025-26: 13 (Thirteen)
- Shareholding as on March 31, 2026: 4,994,640 shares
- Remuneration: Rs. 72,00,000/- p.a.
- Relationship: Husband of Mrs. Mittal Shrenik Shah, Whole-time Director of the Company
Explanatory Statements
- Item No. 3: The Board approved the appointment and remuneration of Cost Auditors at its meeting held on May 30, 2026, on recommendation of the Audit Committee.
- Item No. 4 & 5: The resolutions are proposed to support existing and future financial requirements to support business operations, requiring shareholder approval under Section 180(1)(a) and 180(1)(c) of Companies Act, 2013.