Modern Steels Limited has issued notice for its 52nd Annual General Meeting to be held on Saturday, 26th September, 2026 at 02:00 PM through Video Conferencing/Other Audio Visual Means.

Meeting Schedule

The company has established the following schedule for the AGM process:

  • Record date/cut-off date for voting: 19th September, 2026
  • E-voting commencement: 23rd September, 2026 at 9:00 AM
  • E-voting end: 25th September, 2026 at 5:00 PM
  • AGM date: 26th September, 2026 at 02:00 PM

Ordinary Business Agenda

1. Adoption of Audited Financial Statements for the financial year ended 31st March, 2026 together with reports of Directors and Auditors

2. Appointment of Director in place of Mr. Krishan Kumar Goyal (DIN: 00482035) who retires by rotation and has offered himself for re-appointment

3. Appointment of Statutory Auditors and fixation of their remuneration through an Ordinary Resolution:

  • Proposed appointment of M/s Sanjeev Sharma & Associates, Chartered Accountants (Registration No. 12326N)
  • Term: From conclusion of this AGM till conclusion of AGM in 2027
  • Remuneration: ₹2,00,000 as Statutory Audit Fee + ₹50,000 for Tax Audit Fee and GST Returns = Total ₹2,50,000 per annum

Special Business Agenda

4. Re-appointment of Mr. Krishan Kumar Goyal (DIN: 00482035) as Chairman & Managing Director through Special Resolution:

  • Term: From conclusion of this AGM till conclusion of AGM in 2031
  • Remuneration terms:
  • Salary: ₹2,00,000 per month with annual increments
  • Perquisites: Furnished accommodation, gratuity, leave, medical reimbursement, personal accident insurance, LTA, company car with driver, telephone facilities, insurance cover, expense reimbursement
  • Minimum remuneration payable even in event of loss or inadequacy of profits

5. Appointment of Dr. Surinder Kumar (DIN: 11032078) as Non-Executive Independent Director through Special Resolution:

  • Term: Five consecutive years from 11th August, 2026 till conclusion of AGM in 2031
  • Previously appointed as Additional Director on 11th August, 2026

6. Re-appointment of Prof. Anupama Sharma (DIN: 10306038) as Non-Executive Independent Director for second term through Special Resolution:

  • Term: Five consecutive years from conclusion of this AGM till conclusion of AGM in 2031
  • Currently serving first term ending at this AGM

Voting Arrangements

The company is providing remote e-voting facility through NSDL. Members whose names appear in the Register of Members/Beneficial Owners as on the record date (19th September, 2026) may cast their vote electronically. Voting rights shall be in proportion to their share in the paid-up equity share capital as on the cut-off date.

Scrutinizer Appointment

Mr. Rajeev Kumar Sanger, Practising Company Secretary (Membership No. F13092) has been appointed as Scrutinizer to scrutinize the voting and remote e-voting process.

Share Transfer Book Closure

The Register of Members and Share Transfer Books will remain closed from 20th September, 2026 to 26th September, 2026 (both days inclusive).

Document Availability

Physical copies of the Annual Report and AGM notice are not being sent to members pursuant to MCA and SEBI circulars. Soft copies are being sent to all members whose email IDs are registered with the Company/Depository Participants. The documents are available on the company's website www.modernsteels.com and stock exchange websites.

Director Information

  • Mr. Krishan Kumar Goyal (DIN: 00482035): Chairman & Managing Director, born 6th September 1956, holds 36,85,429 equity shares
  • Dr. Surinder Kumar (DIN: 11032078): New Independent Director, born 23rd November 1963, M.Sc (Dairy Tech), Ph.D (Dairy Technology)
  • Prof. Anupama Sharma (DIN: 10306038): Independent Director for re-appointment, born 10th April 1972, Vice Chancellor and academic

Auditor Change

The company proposes to change auditors from M/s A P T & Co LLP (appointed at 50th AGM for two years) to M/s Sanjeev Sharma & Associates for one year.