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.

Voting Schedule

  • 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)
  • Facility for e-voting during AGM available for members who haven't voted remotely

Business Items

Ordinary Business:

1. To receive, consider and adopt the Audited Standalone Financial Statements for the financial year ended March 31, 2026, together with the Independent Auditor's Report and Report of the Board of Directors

2. To re-appoint Mr. Shrenik Kirit Shah (DIN: 02070901) as Managing Director of the Company

Special Business:

3. Ratify Remuneration Payable to Cost Auditors: Ordinary Resolution to ratify remuneration of ₹17,000 p.a. (Rupees Seventeen Thousand only) plus GST and out-of-pocket expenses to M/s Mayur Chhaganbhai Undhad & Co (Registration No. 103961) for conducting cost audit for financial year 2026-27

4. Creation of Securities on Properties: Special Resolution to authorize creation of charge/mortgage/pledge/hypothecation/security on all movable and/or immovable properties, tangible or intangible assets of the Company, both present and future, in favor of lenders for securing borrowings up to ₹400,00,00,000/- (Rupees Four Hundred Crores Only) together with interest and other charges

5. Increase in Borrowing Limits: Special Resolution to empower Board of Directors to borrow money up to ₹400,00,00,000/- (Rupees Four Hundred Crores Only) exceeding the aggregate of paid-up capital and free reserves

Key Appointments

  • Ms. Amita Karia, Practising Company Secretaries (FCS 11066, CP 16962) appointed as Scrutinizer for voting process
  • Central Depository Services (India) Limited (CDSL) appointed as authorized e-Voting agency

Director Information

Mr. Shrenik Kirit Shah (DIN: 02070901), proposed for re-appointment as Managing Director:

  • Overall experience of more than 19 years in steel trading and structural business
  • Husband of Mrs. Mittal Shrenik Shah, Whole-time Director of the Company
  • Shareholding: 4,994,640 shares as on March 31, 2026
  • Remuneration: ₹72,00,000/- p.a. as per resolution passed at EGM on July 5, 2024

Communication Details

  • Annual Report and Notice dispatched to members via email on September 1, 2026
  • Notice available on company website: www.karbonsteel.com
  • Member queries to be sent to cs@karbonsteel.com by September 17, 2026
  • Technical support for e-voting: CDSL helpdesk (helpdesk.evoting@cdslindia.com, toll free 1800 21 09911)

Financial Implications

  • Cost auditor remuneration: ₹17,000 p.a. plus GST and expenses
  • Maximum borrowing authorization sought: ₹400 crores
  • Security creation authorization for borrowings up to ₹400 crores

Governance Aspects

  • Physical attendance dispensed with pursuant to MCA circulars
  • Facility for appointment of proxies not available
  • Register of Directors and contracts available for electronic inspection
  • Results to be submitted to BSE within two working days of AGM conclusion