Meeting Details

The 47th Annual General Meeting was held on Wednesday, August 19, 2026, commencing at 3:30 PM IST through Video Conferencing / Other Audio-Visual Means. The meeting concluded at 4:02 PM IST.

Attendance and Leadership

Mr. Sumesh Bharat Bhushan Agarwal, Chairman, Chief Executive Officer (CEO) and Director, chaired the meeting. Directors, Statutory Auditors, Secretarial Auditors, Internal Auditors, and Key Managerial Personnel were present.

Voting Process

Remote e-voting commenced on Sunday, August 16, 2026, from 9:00 AM IST and concluded on Tuesday, August 18, 2026, at 5:00 PM IST. The company engaged Purva Sharegistry (India) Private Limited for remote e-voting services and appointed M/s Ashita Kaul & Associates as the Scrutinizer. E-voting remained open for an additional 15 minutes after the meeting until 4:17 PM IST for members present who hadn't voted earlier.

Auditor Matters

The Chairman informed members that:

  • Statutory Auditors did not issue any disclaimer of opinion on Standalone or Consolidated Financial Statements
  • Secretarial Auditors raised two qualifications, and management provided responses to these qualifications

Resolutions Approved

All seven resolutions set out in the AGM notice were passed with requisite majority and deemed passed on August 19, 2026:

Ordinary Business:

1. Adoption of Audited Standalone and Consolidated Financial Statements for financial year ended March 31, 2026, together with reports of Board of Directors and Auditors

2. Re-appointment of Mr. Ashwin Kumar Suresh Kumar Sharma (DIN: 05143846) as Director who retires by rotation

Special Business:

3. Increase in Borrowing Powers of the Company under Section 180(1)(c) of the Companies Act, 2013

4. Increase in limits for giving loans/guarantees/providing securities/making investments under Section 186 of the Companies Act, 2013

5. Granting of Unsecured Loan to Ladam Steels Limited (Related Party) under Section 188 of Companies Act, 2013 and Regulation 23 of SEBI LODR Regulations, 2015

6. Granting of Unsecured Loan to Ladam Flora Private Limited (Related Party) under Section 188 of Companies Act, 2013 and Regulation 23 of SEBI LODR Regulations, 2015

7. Granting of Unsecured Loan to Spearhead Metals and Alloys Limited (Related Party) under Section 188 of Companies Act, 2013 and Regulation 23 of SEBI LODR Regulations, 2015

Results Dissemination

Voting results are being disseminated to stock exchanges and uploaded on the company's website and Purva Sharegistry's website.

Note

The document specifically notes that this gist of proceedings does not constitute the formal minutes of the AGM.