Meeting Details
The 23rd Annual General Meeting (AGM) of SAL Steel Limited was held on Friday, September 25, 2026 at 12:30 P.M. (IST) through Video Conferencing/Other Audio-Visual Means (VC/OAVM) facility. The deemed venue was the Registered Office of the Company at 604, Zion 21, Near Avalon Hotel, Sindhu Bhawan Road, Bodakdev, Ahmedabad-380059.
Attendees
Directors and KMPs Present:
- Shri Mahesh Kumar Agarwal - Chairman and Managing Director
- Shri Kaustubh Agarwal - Managing Director (Chairman of the meeting)
- Shri Anil Kumar Singh - Whole Time Director and CFO
- Shri Rajesh Mangal - Non-Executive Non-Independent Director
- Shri Hiren S Mahadevia - Non-Executive Independent Director
- Shri Bipinbhai A Gosalia - Non-Executive Independent Director
- Smt. Nipa Jairaj Shah - Non-Executive Independent Director
- Smt. Monika Goyal - Non-Executive Independent Director
- Shri Devilal J Shah - Company Secretary
Other Invitees:
- M/s Parikh & Majmudar, Chartered Accountants - Statutory Auditors
- M/s Kamlesh M Shah and Co. - Secretarial Auditor and Scrutinizer
Quorum and Participation
A total of 54 members attended the meeting through video conferencing. The requisite quorum was present as per statutory requirements.
Resolutions Considered
The following resolutions were put to vote:
1. Ordinary Resolution: To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended 31st March 2026, and the Reports of Board of Directors and the Auditors thereon.
2. Ordinary Resolution: To appoint Shri Mahesh Kumar Agarwal (DIN: 00168517), who retires by rotation as a Director and being eligible, offers himself for re-appointment.
3. Ordinary Resolution: To ratify the remuneration payable to Cost Auditors of the Company for the financial year ending 31st March, 2027.
4. Special Resolution: To approve regularization of Mrs. Monika Goyal (DIN: 11881952), as an additional director in the capacity of non-executive independent Woman director.
Voting Process and Scrutinizer Appointment
The meeting utilized e-voting facilities. Shri Kamlesh M Shah, Practicing Company Secretary (Membership No. A8356 and COP No. 2072) was appointed as the Scrutinizer to scrutinize the votes cast through e-voting at the AGM & remote e-voting and to submit a consolidated report thereon.
Meeting Proceedings
The Company Secretary, Shri Devilal J Shah, initiated the meeting with a welcome to members and briefed them about the participation process. Statutory registers and documents were made available for inspection, though the proxy register was not available as the AGM was held through VC/OAVM. The Chairman, Shri Kaustubh Agarwal, highlighted key financial performance parameters, significant milestones, major investments during FY2025-26, and the company's outlook for FY2026-27. The notice of AGM and Annual Report including Director's Report and Financial Statements were taken as read.
Meeting Duration and Conclusion
The AGM remained open for 30 minutes for e-voting and concluded at 13:20 P.M. (IST). The meeting included time for shareholder questions and suggestions, which were addressed by management.
Compliance Statement
The meeting was conducted in compliance with the General Circulars issued by the Ministry of Corporate Affairs and Circulars issued by SEBI, and as per the applicable provisions of the Companies Act, 2013, and the Rules made thereunder.