Meeting Details

  • Meeting Date: 22nd September, 2026
  • Meeting Type: 16th Annual General Meeting
  • Location: Registered Office at 8/1, Lal Bazar Street, Bikaner Building, 3rd Floor, Kolkata-700 001
  • Timing: Commenced at 01:30 PM IST and concluded at 02:33 PM IST
  • Mode: Conducted through Video Conferencing and Other Audio/Visual Means without physical presence

Attendance

Directors Present through VC/OAVM:

  • Mr. Chandan Ambaly (Independent Director/Chairman)
  • Mr. Sunil Kumar Agrawal (Managing Director)
  • Mr. Anirudha Agrawal (Whole-time Director/CEO)
  • Mr. Debasis Banerjee (Whole-time Director)
  • Ms. Suprity Biswas (Independent Director)
  • Mr. Shuvendu Sekhar Mohanty (Independent Director)

In Attendance:

  • Mr. Abhishek Chakraborty (Company Secretary)
  • Mr. Vijay Kumar Patodia (Chief Financial Officer)

By Invitation:

  • Mr. Honey Agarwal (Partner of M/s. Dangi Jain & Co., Chartered Accountants, Statutory Auditors)
  • Mr. Asit Kumar Labh (Secretarial Auditor and Scrutinizer for the meeting)

Shareholder Participation: 62 Members joined the AGM through VC/OAVM

Proposed Resolutions and Implications

The following seven resolutions were proposed and transacted:

Ordinary Businesses:

1. Adoption of Annual Audited Financial Statements for FY ended 31st March, 2026 and Reports of Board of Directors and Auditors

2. Declaration of Final Dividend of Re. 0.05 (5%) per equity share of Re. 1/- each for FY ended 31st March, 2026

3. Re-appointment of Mr. Sunil Kumar Agrawal (DIN: 00091784) as director retiring by rotation

Special Businesses:

4. Re-appointment of Mr. Sunil Kumar Agrawal as Managing Director for a further period of 3 years with effect from 23rd November, 2026

5. Ratification of remuneration payable to M/s. S. Chhaparia & Associates, Cost Accountants for FY 2026-27

6. Approval for Material Related Party Transactions with wholly owned subsidiary Metal Star Ceiling Panel Trading FZE (aggregate value not exceeding ₹250 Crores)

7. Approval for Material Related Party Transactions with Athena Deox and Alloys Private Limited (aggregate value not exceeding ₹100 Crores)

Voting Process and Methods

The voting was conducted through:

  • Remote e-voting before the meeting
  • E-voting during the AGM through VC/OAVM facility
  • Mr. Asit Kumar Labh, Practicing Company Secretary (ACS 32891) was appointed as Scrutinizer to scrutinize votes in a fair and transparent manner

Key Voting Outcomes

Total outstanding shares: 65,534,050

Resolution 1 (Adoption of Financial Statements):

  • Total votes polled: 53,922,032 (82.2809% turnout)
  • Votes in favor: 53,921,893 (99.9997%)
  • Votes against: 139 (0.0003%)
  • Promoter voting: 49,066,365 shares voted (100% in favor)
  • Public non-institutions: 4,855,667 shares voted (99.9971% in favor, 0.0029% against)

Resolution 2 (Final Dividend Declaration):

  • Total votes polled: 53,922,032 (82.2809% turnout)
  • Votes in favor: 53,921,893 (99.9997%)
  • Votes against: 139 (0.0003%)
  • Promoter voting: 49,066,365 shares voted (100% in favor)
  • Public non-institutions: 4,855,667 shares voted (99.9971% in favor, 0.0029% against)

Resolution 3 (Re-appointment of Director):

  • Total votes polled: 53,922,032 (82.2809% turnout)
  • Votes in favor: 53,921,893 (99.9997%)
  • Votes against: 139 (0.0003%)
  • Promoter voting: 49,066,365 shares voted (100% in favor)
  • Public non-institutions: 4,855,667 shares voted (99.9971% in favor, 0.0029% against)

Resolution 4 (Re-appointment as Managing Director - Special Resolution):

  • Total votes polled: 53,922,032 (82.2809% turnout)
  • Votes in favor: 53,921,893 (99.9997%)
  • Votes against: 139 (0.0003%)
  • Promoter voting: 49,066,365 shares voted (100% in favor)
  • Public non-institutions: 4,855,667 shares voted (99.9971% in favor, 0.0029% against)

Resolution 5 (Ratification of Cost Auditors):

  • Total votes polled: 53,922,032 (82.2809% turnout)
  • Votes in favor: 53,921,890 (99.9997%)
  • Votes against: 142 (0.0003%)
  • Promoter voting: 49,066,365 shares voted (100% in favor)
  • Public non-institutions: 4,855,667 shares voted (99.9971% in favor, 0.0029% against)

Resolution 6 (RPT with Metal Star - ₹250 Cr):

  • Total votes polled: 53,922,032 (82.2809% turnout)
  • Votes in favor: 53,920,893 (99.9979%)
  • Votes against: 1,139 (0.0021%)
  • Promoter voting: 49,066,365 shares voted (100% in favor)
  • Public non-institutions: 4,855,667 shares voted (99.9765% in favor, 0.0235% against)

Resolution 7 (RPT with Athena Deox - ₹100 Cr):

  • Total votes polled: 53,922,032 (82.2809% turnout)
  • Votes in favor: 53,920,893 (99.9979%)
  • Votes against: 1,139 (0.0021%)
  • Promoter voting: 49,066,365 shares voted (100% in favor)
  • Public non-institutions: 4,855,667 shares voted (99.9765% in favor, 0.0235% against)

Invalid Votes: Zero invalid votes across all categories and all resolutions

Scrutinizer's Role and Findings

Mr. Asit Kumar Labh was appointed as Scrutinizer to scrutinize both remote e-voting and e-voting at the AGM. The Consolidated Scrutinizer's Report dated 22nd September 2026 confirmed that all seven resolutions were passed with requisite majority. The results were declared within 2 working days from conclusion of AGM.

Compliance Confirmation

The meeting was conducted in compliance with:

  • Companies Act, 2013 and rules thereunder
  • SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015
  • Secretarial Standard (SS-2) issued by ICSI
  • Various circulars/notifications issued by MCA and SEBI

Additional Information

  • Notice dated 11th August 2026 and Annual Report were emailed to shareholders with registered email IDs
  • Documents including Notice, Annual Report, and Register of Directors' shareholdings were placed on company website for inspection
  • Three shareholders expressed feedback/queries during the meeting, which were addressed by Mr. Anirudha Agrawal, Whole Time Director & CEO