Meeting Details

The 41st Annual General Meeting was held on Monday, 28th September, 2026 at 11:30 A.M. through Video Conferencing/Other Audio Visual Means. The meeting concluded at 12:35 P.M. on the same day. The meeting was held in accordance with various Circulars issued by the Ministry of Corporate Affairs for conducting meetings through video conferencing.

Proposed Resolutions and Implications

The meeting considered 16 agenda items comprising both Ordinary and Special Business:

Ordinary Business

1. To receive, consider and adopt the revised Audited Standalone Financial Statement for the financial year ended 31st March, 2026 together with Reports of the Board of Directors and Auditors, and the revised Audited Consolidated Financial Statement for the same period.

2. To confirm payment of an Interim Dividend of ₹11 per equity share for FY 2025-2026 and to declare a Final Dividend of ₹6 per equity share for FY 2025-2026.

3. To appoint a Director in place of Mr. Subodh Agarwalla (DIN: 00339855) who retires by rotation and offers himself for re-appointment.

Special Business

4. To increase the remuneration of the Statutory Auditor

5. To ratify the remuneration of the Cost Auditor

6. To alter the Objects Clause of the Memorandum of Association

7. To alter the Articles of Association by deleting provisions relating to the Seal (Common Seal)

8. To re-appoint Mr. Naresh Kumar Jain (DIN: 00221519) as an Independent Director

9. To re-appoint Mr. Aayush Khetawat (DIN: 06968448) as an Independent Director

10. To re-appoint Mrs. Sonal Choubey (DIN: 10475331) as an Independent Director

11. To appoint Mr. Chandra Prakash Kakarania (DIN: 00203663) as Director and Independent Director

12. To appoint Dr. Ridhi Agarwala (DIN: 11622124) as Director and Independent Director

13. To approve change in designation of Mr. Subhas Chandra Agarwalla from 'Chairman and Managing Director' to 'Executive Chairman'

14. To approve change in designation of Mr. Subodh Agarwalla from 'Whole-time Director and Chief Executive Officer' to 'Managing Director & Chief Executive Officer'

15. To approve material related party transactions with Maithan Ferrous Private Limited for FY 2026-2027

Voting Process and Methods

The Company provided facility for voting through electronic means via the Central Depository Services (India) Limited (CDSL) platform. Remote e-voting commenced on Friday, 25th September, 2026 at 9:00 A.M. and ended on Sunday, 27th September, 2026 at 5:00 P.M. E-voting facility during the meeting was provided to members who had not cast their vote during the remote e-voting period.

Meeting Participation

57 (Fifty-Seven) Members attended the meeting through Video Conferencing. Mr. Subhas Chandra Agarwalla, Chairman and Managing Director, presided over the meeting. Other directors present included Mr. Subodh Agarwalla, Mr. Palghat Krishnan Venkatramani, Mr. Aayush Khetawat, Mr. Chandra Prakash Kakarania, Dr. Ridhi Agarwala and Mrs. Sonal Choubey. Mr. Naresh Kumar Jain and Mr. Srinivas Peddi were absent due to pre-occupation.

Scrutinizer Appointment

Mr. S.K. Patnaik was appointed as the Scrutinizer to scrutinize the votes cast through remote e-voting and during the meeting. The voting results were scheduled to be announced on or before 30th September, 2026 and would be intimated through Stock Exchanges, and also made available on the company website and CDSL website.

Shareholder Interaction

5 (Five) Speaker Members participated and raised questions relating to Growth Plan, Plant Capacity, use of AI technology, Renewable Energy, Business opportunities in Subsidiary Companies, and other company matters. Mr. Subodh Agarwalla, Chief Executive Officer, responded to all queries.

Compliance Statement

The meeting was conducted in compliance with the Companies Act, 2013 and SEBI LODR Regulations, 2015. The company confirmed that no representation under Section 113 of the Companies Act, 2013 was received. The statutory auditors' reports and secretarial audit report contained no qualifications, observations or comments with material adverse effect on the company's functioning.