Meeting Details

The 49th AGM will be held on Saturday, 26th September 2026 at 11:30 a.m. (IST) through Video Conferencing (VC)/Other Audio Visual Means (OAVM). The meeting is convened in compliance with the Companies Act, 2013, SEBI regulations, and MCA circulars.

Ordinary Business

1. Adoption of Financial Statements: To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and the Auditors.

2. Re-appointment of Director: To appoint Mr. Vimal Prakash [DIN: 00174915] who retires by rotation and offers himself for re-appointment. Resolution: "RESOLVED THAT Mr. Vimal Prakash [DIN: 00174915] be and is hereby reappointed as a Director of the Company."

Special Business

3(a) Appointment of Mr. Bijay Kumar as Independent Director
  • Mr. Bijay Kumar (DIN: 10552952) to be appointed as Non-Executive Independent Director
  • Term: Five consecutive years from August 25, 2026 to August 24, 2031
  • Was appointed as Additional Director effective August 25, 2026 pursuant to Section 161(1) of Companies Act, 2013
  • Submitted declaration of independence under Section 149(6) of the Act and Regulation 16(1)(b) of SEBI Listing Regulations
  • Entitled to receive sitting fees and remuneration as approved by the Board within prescribed limits
3(b) Appointment of Ms. Priyanka Poddar as Independent Director
  • Ms. Priyanka Poddar (DIN: 10481007) to be appointed as Non-Executive Independent Director
  • Term: Five consecutive years from August 25, 2026 to August 24, 2031
  • Was appointed as Additional Director effective August 25, 2026 pursuant to Section 161(1) of Companies Act, 2013
  • Submitted declaration of independence under Section 149(6) of the Act and Regulation 16(1)(b) of SEBI Listing Regulations
  • Entitled to receive sitting fees and remuneration as approved by the Board within prescribed limits
3(c) Continuation of Mr. Pradip Kumar Mohapatra as Independent Director
  • Mr. Pradip Kumar Mohapatra (DIN: 08067067) to continue as Non-Executive Independent Director upon attaining age of 75 years
  • Continuation until end of current tenure on September 24, 2028 on existing terms & conditions
  • Required under Regulation 17(1A) of SEBI Listing Regulations for directors above 75 years
4. Alteration of Objects Clause of Memorandum of Association
  • Proposal to alter Objects Clause to enable business diversification
  • New business areas include:
  • Manufacturing, processing, and trading of ferro alloys, steel products, pig iron, sponge iron/DRI
  • Establishment and operation of ferro alloy furnaces, steel melting shops, rolling mills, coke ovens
  • Captive thermal power plants and renewable power generation (solar, wind, biomass, waste-to-energy)
  • Manufacturing of fly ash-based construction materials
  • Railway sidings, logistics infrastructure, and material handling systems
  • Utilization and recycling of industrial waste and by-products
  • The alteration requires special resolution approval

Voting Arrangements

  • Remote e-voting period: September 23, 2026 (9:00 AM) to September 25, 2026 (5:00 PM)
  • E-voting facilitated through NSDL
  • Register of Members and Share Transfer Books will remain closed from September 19, 2026 to September 25, 2026
  • Members can join AGM through VC/OAVM 15 minutes before scheduled time

Director Details

| Particulars | Mr. Vimal Prakash | Mr. Bijay Kumar | Ms. Priyanka Poddar | Mr. Pradip Kumar Mohapatra |

| DIN | 00174915 | 10552952 | 10481007 | 08067067 |

| Date of Birth/Age | 20 October 1951/74 years | 21 May 1982/44 Years | 25 November 1985/40 years | 30 October 1952/73 years |

| Date of first appointment | 06 May 2006 | 25 August 2026 | 25 August 2026 | 14 February 2018 |

| Qualification | Graduate in Biotechnology from Boston University, USA | LL.B., MBA in Finance, Mathematics (Hons) | Company Secretary, Commerce Graduate | B.Sc (Mechanical Engg), MBA |

| Experience | More than decade in refractory industry | Two decades across iron & steel, healthcare, education | Corporate secretarial, finance, governance | Procurement specialist with 4+ decades experience |

| Shares held | NIL | Nil | Nil | NIL |

Financial Impact

Financial impact not quantified in the disclosure for the director appointments and MoA alteration. The diversification proposal may create additional revenue streams but requires subsequent approvals and investments.