Meeting Details

The 25th Annual General Meeting of Manaksia Steels Limited was held on Wednesday, September 23, 2026, commencing at 03:00 PM IST and concluding at 03:45 PM IST. The meeting was conducted through Video Conferencing/Other Audio Visual Means (VC/OAVM).

Proposed Resolutions and Implications

Three ordinary resolutions were proposed for shareholder approval:

1. Resolution 1: To receive, consider, and adopt the Audited Standalone Financial Statements for the financial year ended March 31, 2026, including the Balance Sheet, Statement of Profit & Loss, and Reports of the Board of Directors and Auditors; and the Audited Consolidated Financial Statements for the same period.

2. Resolution 2: To appoint Mr. Varun Agrawal (DIN: 00441271) as a Director in place of his retirement by rotation, for which he offered himself for re-appointment.

3. Resolution 3: To ratify the remuneration of the Cost Auditors of the Company for the financial year ending March 31, 2027.

Voting Process

The Company provided remote e-voting facilities to its members through National Securities Depository Limited (NSDL), the authorized e-voting agency. The remote e-voting period commenced on Saturday, September 19, 2026, at 09:00 AM IST and ended on Tuesday, September 22, 2026, at 05:00 PM IST. The cut-off date for determining shareholder eligibility was Wednesday, September 16, 2026. Facility for electronic voting was also available during the AGM for shareholders who had not voted remotely. Newspaper advertisements were published in 'Ekdin' (Bengali) and 'Business Standard' (English) on August 28, 2026, to publicize the voting details.

Key Voting Outcomes

Overall Participation

  • Total number of shareholders on record date: Data not explicitly provided in the main body.
  • Total number of shareholders who voted: 220
  • Total valid votes cast: 5,17,20,543
  • Percentage of total outstanding shares voted: 78.9274% (from resolution table)

Resolution-wise Results

Resolution 1: Adoption of Financial Statements

  • Total Votes Cast: 5,17,20,543
  • Votes in Favour: 5,17,20,543 (100% of votes cast)
  • Votes Against: 0
  • Invalid Votes: 0
  • Result: Passed

Resolution 2: Re-appointment of Mr. Varun Agrawal

  • Total Votes Cast: 5,17,19,678
  • Votes in Favour: 5,17,19,678 (99.9927% of votes cast)
  • Votes Against: 3,790 (0.0073% of votes cast)
  • Invalid Votes: 0
  • Category-wise Opposition: All 3,790 votes against came from 19 Public Non-Institutional shareholders via remote e-voting.
  • Result: Passed

Resolution 3: Ratification of Cost Auditors' Remuneration

  • Total Votes Cast: 5,17,19,753
  • Votes in Favour: 5,17,19,753 (99.9926% of votes cast)
  • Votes Against: 3,805 (0.0074% of votes cast)
  • Invalid Votes: 0
  • Category-wise Opposition: All 3,805 votes against came from 19 Public Non-Institutional shareholders via remote e-voting.
  • Result: Passed

Shareholder Category Breakdown (From Resolution Tables)

The company had 65,534,050 outstanding shares as of the record date.

  • Promoter and Promoter Group: Held 48,985,319 shares (74.73% of total). Voted 100% of their holdings in favor of all resolutions.
  • Public Institutions: Held 1,450,502 shares (2.21% of total). Voted 682,210 shares (47.03% of their holdings) entirely in favor of all resolutions.
  • Public Non-Institutions: Held 15,098,229 shares (23.04% of total). Voted 2,056,779 shares (13.62% of their holdings) across all resolutions, with minor opposition (3,765-3,790 votes) on Resolutions 2 and 3.

Scrutinizer's Role and Findings

Ms. Pammy Jaiswal, Partner at Vinod Kothari & Company, Practising Company Secretaries (Membership No. ACS A48046, C.P. No. 18059), was appointed as the Scrutinizer by the Board of Directors in their meeting dated August 10, 2026. Her responsibility was to scrutinize the remote e-voting and e-voting at the AGM in a fair and transparent manner and prepare a consolidated report. The votes cast under remote e-voting were unblocked in the presence of two independent witnesses (not employees of the Company). Ms. Jaiswal certified that all resolutions were passed with the requisite majority on September 23, 2026. The details of the voting and authorizations were sealed and handed over to the Company Secretary/Authorized Representative for safe keeping.

Compliance Confirmation

The disclosure confirms compliance with the Companies Act, 2013, the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant circulars issued by the Ministry of Corporate Affairs and SEBI. The voting results are reported in the prescribed format.

Additional Information

The full details of the voting results are available on the company's website at www.manaksiasteels.com. The scrip code is 539044 and the NSE symbol is MANAKSTEEL. The ISIN is INE824Q01011.