Event Details

The Extra-Ordinary General Meeting (EGM) of MSP Steel & Power Limited was held on Tuesday, July 14, 2026 at 3:00 p.m. (IST) through electronic mode (video conferencing and other audio-visual means) without physical presence of members. The deemed venue was the Registered Office of the Company at South City Business Park, 10th Floor, 770, Anandapur, EM Bypass, Kolkata - 700107.

Meeting Conduct and Attendance

The meeting was conducted in compliance with MCA circulars, SEBI circulars, and Companies Act, 2013 provisions. A total of 44 members attended the meeting.

Directors Present:

  • Mr. Suresh Kumar Agrawal – Chairman of the Company (Raigarh)
  • Mr. Pradip Kumar Dey - Non-Executive Director of the Company (Kolkata)
  • Ms. Suneeta Mohanty - Independent Director of the Company (Cuttack)
  • Mr. Anubhav Goenka - Independent Director of the Company (Kolkata)
  • Mr. Pramode Kumar Pandey - Independent Director of the Company (Cuttack)
  • Mr. Pranab Kumar Chakrabarty - Independent Director of the Company (Kolkata)

In Attendance:

  • Mr. Kamal Kumar Jain – Chief Financial Officer of the Company (Kolkata)
  • Ms. Shreya Kar – Company Secretary & Compliance Officer of the Company (Kolkata)
  • Authorized Representative of M/s. Singhi & Co., Chartered Accountants, Statutory Auditors of the Company (Kolkata)
  • Authorized Representative of M/s. Bajaj Todi & Associates, the Secretarial Auditor of the Company (Kolkata)

Mr. Manish Agrawal, Joint Managing Director of the Company, was absent from the meeting.

Voting Arrangements

Remote e-voting facility was available to members from Saturday, July 11, 2026 (9:00 A.M. IST) to Monday, July 13, 2026 (5:00 P.M. IST). Additionally, e-voting was facilitated during the EGM and for 15 minutes after the EGM conclusion (until 3:39 p.m.) for shareholders who attended through VC/OAVM and had not cast their votes earlier.

Business Transacted

The single item of business was transacted and passed by members with requisite majority:

Special Business:

1. Variation in the Objects relating to utilization of funds from Preferential Issue - Passed as Special Resolution via remote e-voting

Meeting Proceedings

Mr. Suresh Kumar Agrawal, Chairman of the Company, welcomed members and proposed Mr. Saket Agrawal, Managing Director & Executive Director, to chair the meeting. Mr. Saket Agrawal was elected chairman with consent of the Board by show of hands.

Mr. Saket Agrawal provided an overview that the purpose was to seek shareholder approval for proposed variation in utilization of balance proceeds receivable upon exercise of preferential warrants allotted to Promoter Group entity. The Board believes the variation is in the best interests of the Company and its shareholders.

Mr. Kamal Kumar Jain, CFO, highlighted the reason behind variation in objects relating to utilization of balance proceeds from preferential warrants. He assured members that the variation was carefully evaluated by the Audit Committee and approved by the Board of Directors, follows all applicable laws, and will not affect shareholder rights.

Ms. Shreya Kar, Company Secretary, provided general instructions for member participation, read the agenda and explanatory statement, and conducted a question-and-answer session where Mr. Saket Agrawal responded to shareholder queries.

Meeting Conclusion

The meeting concluded at 3:24 p.m. with a vote of thanks to the Chair. Statutory registers and other documents required under applicable laws were made available for inspection at the Registered Office.