Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Mahamaya Steel Industries Limited

Meeting Details

The 38th Annual General Meeting was held on 25th September 2026 at 12:00 noon through Video Conferencing (VC) / Other Audio Video Means (OAVM). The meeting commenced at 12:00 noon (IST) and concluded at 12:23 pm (IST), including time allowed for e-voting at the AGM.

Attendance and Quorum

39 members attended the meeting through VC/OAVM. The requisite quorum was present. Mr. Rajesh Agrawal, Managing Director, chaired the meeting. All Directors, Auditors, and the Scrutinizer of the Company were present through VC/OAVM.

Voting Process

The Company provided remote e-Voting facility to cast votes on all resolutions set forth in the Notice of the 38th AGM. The remote e-Voting commenced at 9:00 a.m. on 22nd September 2026 and ended at 5:00 p.m. on 24th September 2026. Additionally, facility for voting through electronic voting system during the meeting and 15 minutes after the meeting was made available to members.

Resolutions Transacted

The following 12 resolutions were transacted at the meeting:

Ordinary Business:

  • Item 1: Adoption of the Audited Standalone Financial Statements of the Company for the financial year ended 31st March 2026 and the Reports of the Board of Directors and Auditors thereon (Ordinary Resolution)
  • Item 2: Adoption of the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March 2026 and the Report of Auditors (Ordinary Resolution)
  • Item 3: Re-appointment of Mr. Suresh Raman (DIN: 07562480) as a Non-Executive Non-Independent Director liable to retire by rotation (Ordinary Resolution)
  • Item 4: Appointment of M/S. Chopra & Associates, Chartered Accountants as the Statutory Auditors of the Company (Ordinary Resolution)
  • Item 6: Ratification of Remuneration payable to M/S. Sanat Joshi & Associates, Cost Auditors of the Company (Ordinary Resolution)
  • Item 11: Approval of Material Related Party Transactions for sale, purchase and services (Ordinary Resolution)
  • Item 12: Approval of Material Related Party Transactions for availing of financial assistance by way of unsecured loans for solar power project (Ordinary Resolution)

Special Business:

  • Item 5: Re-appointment of Ms. Vanitha Rangaiah (DIN: 09211334) as an Independent Director of the Company (Special Resolution)
  • Item 7: To approve the overall borrowing limits u/s 180(1)(c) of the Companies Act, 2013 (Special Resolution)
  • Item 8: To seek approval under Section 180(1)(a) of the Companies Act, 2013 interalia for creation of mortgage or charge on the assets properties or undertakings of the Company (Special Resolution)
  • Item 9: To increase in threshold of loans/guarantee, providing of and making of investments in securities under Section 186 of the Companies Act, 2013 (Special Resolution)
  • Item 10: To seek approval to advance any loan/give guarantee/provide security under Section 185 of the Companies Act, 2013 (Special Resolution)

Voting Results Declaration

The Chairman informed members that the voting results of all resolutions from Item Nos. 1 to 12 will be declared and forwarded to Stock Exchanges in the format prescribed under Regulation 44 of SEBI LODR Regulations. The results will also be published on the company's website and NSDL within 48 hours of the conclusion of the meeting.

Compliance and Signatories

The document confirms compliance with applicable laws and regulations. The communication is signed by Jaswinder Kaur Mission, Company Secretary & Compliance Officer (M.No. FCS 7489), with digital signature verification included.