Meeting Details

The 57th Annual General Meeting was held on Wednesday, 30th September 2026 at 03:00 P.M. through electronic mode (video conference and other audio-visual means).

Proposed Resolutions and Implications

The meeting considered eight resolutions:

Ordinary Business:

  • Item 1(a): Adoption of Audited Financial Statements for FY ended 31-March-2026 and Reports of Board of Directors and Auditors
  • Item 1(b): Adoption of Audited Consolidated Financial Statements for FY ended 31-March-2026 and Report of Auditors
  • Item 2: Re-appointment of Mr. Suresh Kumar Agrawal (DIN: 00587623) as Director retiring by rotation

Special Business:

  • Item 3: Ratification of remuneration payable to Mr. Sambhu Banerjee (Membership No. 9780), Cost Auditor for FY ending 31-March-2027
  • Item 4: Payment of overall managerial remuneration in excess of prescribed limits (Special Resolution)
  • Item 5: Payment of remuneration to Mr. Suresh Kumar Agrawal (DIN: 00587623), Non-executive Chairman (Special Resolution)
  • Item 6: Payment of remuneration to Mr. Saket Agrawal (DIN: 00129209), Managing Director (Special Resolution)
  • Item 7: Payment of remuneration to Mr. Manish Agrawal (DIN: 00129240), Joint Managing Director (Special Resolution)
  • Item 8: Approval of Material Related Party Transaction(s) during Financial Year 2026-27

Voting Process and Methods

The voting was conducted through:

  • Remote e-voting facility provided by NSDL
  • E-voting during the AGM for members present who had not voted remotely

The e-voting period remained open from Sunday, 27-September-2026 (9:00 AM) to Tuesday, 29-September-2026 (5:00 PM). Members as on the cut-off date of 23-September-2026 were entitled to vote.

Key Voting Outcomes

Total Participation:

  • Total valid folios that voted: 179
  • Total shares voted: 355,598,041
  • Through remote e-voting: 355,575,478 shares
  • Voting at AGM: 22,563 shares

Resolution-wise Results:

Item 1: Adoption of Financial Statements

  • Votes in favor: 355,596,711 shares (99.9996%)
  • Votes against: 1,330 shares (0.0004%)
  • Abstained: 0 shares (0.0000%)

Item 2: Re-appointment of Mr. Suresh Kumar Agrawal

  • Votes in favor: 355,595,527 shares (99.999%)
  • Votes against: 2,514 shares (0.001%)
  • Abstained: 0 shares (0.000%)

Item 3: Ratification of Cost Auditor Remuneration

  • Votes in favor: 355,592,474 shares (99.998%)
  • Votes against: 5,567 shares (0.002%)
  • Abstained: 0 shares (0.000%)

Item 4: Overall Managerial Remuneration (Special Resolution)

  • Votes in favor: 349,616,853 shares (98.318%)
  • Votes against: 5,981,188 shares (1.682%)
  • Abstained: 0 shares (0.000%)

Item 5: Remuneration to Mr. Suresh Kumar Agrawal (Special Resolution)

  • Votes in favor: 349,204,595 shares (98.241%)
  • Votes against: 6,252,296 shares (1.759%)
  • Abstained: 0 shares (0.000%)
  • Total shares voted: 355,456,891

Item 6: Remuneration to Mr. Saket Agrawal (Special Resolution)

  • Votes in favor: 349,412,953 shares (98.3171%)
  • Votes against: 5,981,088 shares (1.6829%)
  • Abstained: 0 shares (0.0000%)

Item 7: Remuneration to Mr. Manish Agrawal (Special Resolution)

  • Votes in favor: 349,308,756 shares (98.3168%)
  • Votes against: 5,980,285 shares (1.6832%)
  • Abstained: 0 shares (0.0000%)
  • Total shares voted: 355,289,041

Item 8: Material Related Party Transactions

  • Votes in favor: 355,593,161 shares (99.9986%)
  • Votes against: 4,880 shares (0.0014%)
  • Abstained: 0 shares (0.0000%)

Scrutinizer's Role and Findings

Ms. Swati Bajaj of M/s. Bajaj Todi & Associates, Practicing Company Secretaries, was appointed as Scrutinizer to scrutinize the e-voting process in a fair and transparent manner. Her responsibilities included conducting voting at the AGM and making a Consolidated Scrutinizer's Report based on reports generated from the NSDL e-voting system and voting conducted at the AGM.

The Scrutinizer confirmed that immediately after conclusion of voting at the AGM, the votes cast through remote e-voting were unblocked and counted, and the voting pattern was generated by consolidating e-voting prior to and during the AGM.

Compliance Confirmation

The document confirms compliance with:

  • Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Section 108 of the Companies Act, 2013
  • Rule 20 of the Companies (Management and Administration) Rules, 2014 (as amended)

All resolutions set out in the notice dispatched to members on 2nd September, 2026 were passed as special or ordinary resolutions as stated in the Notice.

Additional Information

The voting results along with the Scrutinizer's Report are available on the company's website at www.mspsteel.com. The document was submitted to the exchanges on 3rd October 2026.