Meeting Details

  • Date: Monday, 28th September, 2026
  • Time: 11:30 A.M.
  • Location: Conducted through Video Conferencing/Other Audio Visual Means
  • Type: 41st Annual General Meeting

Proposed Resolutions and Implications

The AGM considered 16 resolutions as per the Notice dated 13th August, 2026:

Ordinary Business:

1. Adoption of revised Audited Standalone and Consolidated Financial Statements for FY ended 31 March 2026

2. Confirmation of Interim Dividend of ₹11 per share and declaration of Final Dividend of ₹6 per share for FY 2025-2026

3. Re-appointment of Mr. Subodh Agarwalla (DIN: 00339855) as Director retiring by rotation

4. Increase in remuneration of Statutory Auditors

5. Ratification of remuneration of Cost Auditor

Special Business:

6. Change to Object Clause of Memorandum of Association

7. Change to Articles of Association (deletion of provisions relating to Common Seal)

8. Re-appointment of Mr. Naresh Kumar Jain (DIN: 00221519) as Independent Director

9. Re-appointment of Mr. Aayush Khetawat (DIN: 06968448) as Independent Director

10. Re-appointment of Mrs. Sonal Choubey (DIN: 10475331) as Independent Director

11. Appointment of Mr. Chandra Prakash Kakarania (DIN: 00203663) as Director and Independent Director

12. Appointment of Dr. Ridhi Agarwala (DIN: 11622124) as Director and Independent Director

13. Change in designation of Mr. Subhas Chandra Agarwalla to 'Executive Chairman'

14. Change in designation of Mr. Subodh Agarwalla to 'Managing Director & Chief Executive Officer'

15. Approval of material related party transaction with Maithan Ferrous Private Limited for FY 2026-2027

16. Approval of material related party transaction with Maithan Ferrous Private Limited for April-September 2027

Voting Process and Methods

The voting was conducted through:

  • Remote e-voting: Available from 9:00 A.M. on Friday, 25th September, 2026 to 5:00 P.M. on Sunday, 27th September, 2026
  • E-voting at AGM: Facility provided for members attending the AGM who had not voted remotely
  • Service Provider: Central Depository Services (India) Limited (CDSL)
  • Cut-off date: 21st September, 2026 for determining voting eligibility

Key Voting Outcomes

Overall Results:

  • Total shareholders on record date: 42,480
  • Total votes cast across all resolutions: Ranged from 22,140,709 to 22,145,618 votes for most resolutions
  • All resolutions passed with requisite majority

Resolution-wise Results:

| Resolution | Total Votes | Votes For | Votes Against | % For | % Against |

| Item 1 | 22,140,709 | 22,139,291 | 1,418 | 99.9936 | 0.0064 |

| Item 2 | 22,145,618 | 22,144,202 | 1,416 | 99.9936 | 0.0064 |

| Item 3 | 22,145,618 | 22,105,369 | 40,249 | 99.8183 | 0.1817 |

| Item 4 | 22,145,618 | 22,143,083 | 2,535 | 99.9886 | 0.0114 |

| Item 5 | 22,145,618 | 22,143,543 | 2,075 | 99.9906 | 0.0094 |

| Item 6 | 22,145,618 | 22,144,000 | 1,618 | 99.9927 | 0.0073 |

| Item 7 | 22,145,618 | 22,143,900 | 1,718 | 99.9922 | 0.0078 |

| Item 8 | 22,145,618 | 22,144,079 | 1,539 | 99.9931 | 0.0069 |

| Item 9 | 22,145,618 | 22,118,149 | 27,469 | 99.8760 | 0.1240 |

| Item 10 | 22,145,618 | 22,118,149 | 27,469 | 99.8760 | 0.1240 |

| Item 11 | 22,145,618 | 22,143,998 | 1,620 | 99.9927 | 0.0073 |

| Item 12 | 22,145,618 | 22,143,918 | 1,700 | 99.9923 | 0.0077 |

| Item 13 | 5,584,192 | 5,582,774 | 1,418 | 99.9746 | 0.0254 |

| Item 14 | 5,584,192 | 5,582,774 | 1,418 | 99.9746 | 0.0254 |

| Item 15 | 323,292 | 321,874 | 1,418 | 99.5614 | 0.4386 |

| Item 16 | 323,292 | 321,338 | 1,954 | 99.3956 | 0.6044 |

Participation Breakdown by Shareholder Category:

Detailed category-wise voting results are provided in Annexures A1 to A16, showing breakdown by:

  • Promoter and Promoter Group
  • Public Institutions
  • Public Non-Institutions

Scrutinizer's Role and Findings

  • Scrutinizer: Mr. S. K. Patnaik, Partner of Patnaik & Patnaik, Company Secretaries
  • Appointment: By Board of Directors to conduct voting process in fair and transparent manner
  • Findings: All resolutions passed with 'Requisite Majority' as per scrutinizer's report dated 28th September, 2026
  • Voting records: To remain in scrutinizer's custody until Chairman approves and signs the AGM minutes

Compliance with Laws and Regulations

The voting process complied with:

  • Section 108 of Companies Act, 2013
  • Rule 20 of Companies (Management and Administration) Rules, 2014
  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Secretarial Standard on General Meetings
  • MCA General Circulars No. 03/2025, 20/2020, 17/2020, and 14/2020
  • SEBI Master Circular no. HO/49/14/14(7) 2025-CFD-POD2/1/3762/2026 dated 30 January 2026

Additional Information

  • Manufacturing Units: Located in West Bengal and Andhra Pradesh
  • Total outstanding shares: 29,111,550
  • Invalid votes: 6,211,370 invalid votes recorded for resolutions 13-16 due to promoter group not participating in these related party transaction votes