Meeting Details

The 15th Annual General Meeting of Karbonsteel Engineering Limited was held on Wednesday, September 23, 2026, at 03:00 P.M. (IST) through Video Conferencing/Other Audio-Visual Means. The deemed venue was the Registered Office of the Company. The meeting concluded at 03:30 P.M. after being open for 15 minutes for voting.

Attendance

  • Mr. Shrenik Kirit Shah, Chairman of the Company, chaired the meeting
  • All Directors were present through VC except Mr. Shrenik Kirit Shah and Mrs. Mittal Shrenik Shah who attended from the registered office
  • Ms. Siddhi Parmar, Company Secretary & Compliance Officer, conducted the proceedings
  • Mr. Ganesh Bhandary, CFO, attended from the registered office
  • Representative of Statutory Auditor, Secretarial Auditor, Cost Auditor, and Scrutinizer were present through VC

Voting Arrangements

Remote e-voting facility was provided through Central Depository Services (India) Limited (CDSL) from Sunday, September 20, 2026, at 9:00 A.M. to Tuesday, September 22, 2026, at 5:00 P.M. Electronic voting was also available during the AGM for members who had not voted remotely.

Business Transacted

The following five resolutions were considered at the AGM:

Ordinary Business:

1. Adoption of 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 (Ordinary Resolution)

2. Re-appointment of Mr. Shrenik Kirit Shah (DIN: 02070901) as Managing Director of the Company (Ordinary Resolution)

Special Business:

3. Ratification of remuneration payable to Cost Auditor for the Financial Year 2026-27 (Ordinary Resolution)

4. Creation of security(ies) on the properties of the company, both present and future, in favour of lenders under Section 180(1)(a) of Companies Act, 2013 (Special Resolution)

5. Increase in the borrowing limits of the company up to ₹400 Crores under Section 180(1)(c) of the Companies Act, 2013 (Special Resolution)

Other Proceedings

The Chairman welcomed members and briefed them on the Company's performance during financial year 2025-26. It was confirmed that there were no qualifications or adverse remarks in the Auditors' Report requiring clarification. The Board noted observations made by the secretarial auditor and informed that necessary measures have been undertaken to strengthen the internal compliance framework.

No questions or queries were received from members within the stipulated timeline. The requisite quorum was present throughout the meeting.

Result Declaration

The Company Secretary was authorized to declare voting results, intimate stock exchanges, and place results on the company website. Results of remote e-voting and voting during AGM were to be disclosed to BSE Limited and uploaded on the company website and CDSL website within 2 working days of conclusion of the AGM.