Meeting Details
The 36th Annual General Meeting of Shah Alloys Limited was held on Friday, 18th September, 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 5/1 Shreeji House, B/h M.J. Library, Ashram Road, Ahmedabad-380006.
The meeting concluded at 1:25 P.M. IST, lasting 55 minutes including time allowed for e-voting during the AGM.
Attendance
A total of 38 members attended the meeting.
Directors & KMPs Present:
- Shri Rajendrakumar Shah - Chairman & Non-Executive Director
- Shri Ashok Sharma - Whole-time Director & Chief Financial
- Shri Rajnikant A. Vyas - Whole-time Director
- Shri Mitesh V. Jariwala - Independent Director
- Shri Bipinbhai A. Gosalia - Independent Director
- Smt. Nipa Jairaj Shah - Independent Director
- Shri Narayanlal F. Shah - Company Secretary
Other Attendees:
- Shri Satwik Durkal - Authorized Representative/Partner of M/s. Parikh & Majmudar, Chartered Accountants (Statutory Auditors)
- Shri Kamlesh. M. Shah - Practicing Company Secretary (Secretarial Auditor & Scrutinizer)
Proceedings
Shri Narayanlal F. Shah, Company Secretary, welcomed members and briefed them about the meeting process. He informed that statutory registers and other required documents were made available for inspection, though the proxy register was not available as the AGM was held through VC/OAVM.
Shri Rajendrakumar Shah chaired the meeting. The Company Secretary briefed about the e-voting process and confirmed that Shri Kamlesh. M. Shah (Membership No. A8356 and COP No. 2072) was appointed as Scrutinizer to scrutinize votes cast through e-voting and remote e-voting.
The Chairman addressed members and highlighted key parameters for the financial year. The notice of AGM and Annual Report including Director's Report, Annexures & Financial Statements along with Auditor's Report were taken as read.
Resolutions Considered
Six resolutions were taken up for consideration:
1. Ordinary Resolution: To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended 31st March, 2026, together with the Reports of the Board of Directors and Auditors thereon.
2. Ordinary Resolution: To appoint a Director in place of Shri Ashok Sharma (DIN 00038360), who retires by rotation and being eligible, offers himself for re-appointment.
3. Special Resolution: To approve adoption of new set of memorandum of association and alteration of the object clause by insertion of additional main objects.
4. Special Resolution: To approve adoption of new set of articles of association of the company in conformity with the Companies Act, 2013.
5. Special Resolution: Approval for strategic restructuring and various strategic alternatives in relation to the steel plant undertaking including induction of strategic investor/technology partner, lease, relocation, sale or disposal of plant, machinery and other moveable & non-moveable assets.
6. Special Resolution: Approval for sale, lease, development, redevelopment, joint development or other monetisation of land, buildings and other moveable & immovable assets of the company.
Shareholder Engagement
Shareholders who had not voted already were requested to vote during the AGM. Speaker shareholders were invited to ask questions and give opinions and suggestions, which were addressed during the meeting.
The Chairman thanked members, Directors, and Auditors for their participation. The Company Secretary proposed a vote of thanks to the Chair before the meeting ended.