AGM Details
The 36th Annual General Meeting is scheduled to be held on Friday, September 18, 2026 at 12:30 P.M. (IST) through Video Conference/Other Audio Visual Means (VC/OAVM) in compliance with MCA and SEBI circulars.
Key AGM Timelines:
- Cut-off Date for Voting Rights: September 11, 2026
- Remote e-Voting Period: September 15, 2026 (09:00 A.M.) to September 17, 2026 (05:00 P.M.)
- Mode: VC/OAVM only (no physical attendance)
- Scrutinizer: Kamlesh M. Shah, Practicing Company Secretary
Ordinary Business Items
1. Adoption of Financial Statements
To receive, consider and adopt the Audited Financial Statements of the Company on Standalone and Consolidated basis for the financial year ended March 31, 2026, together with Reports of Board of Directors and Auditors.
2. Director Reappointment
To reappoint Shri Ashok Sharma (DIN: 00038360) who retires by rotation. He is a Whole-Time Director with qualifications of CA, CS, LLB and IBBI IRP, originally appointed on July 11, 2001, holding no equity shares in the company.
Special Business Items
3. Adoption of New Memorandum of Association
Special Resolution to adopt new MOA with additional main objects:
- Object 3: Commodity trading business including buying, selling, importing, exporting agricultural commodities, metals, precious metals, bullion, energy products through physical delivery or commodity exchanges
- Object 4: Real estate business including land acquisition, development, construction, infrastructure development, acting as builders, developers, colonizers for residential, commercial, industrial projects
- Additional clause for investment in securities, shares, bonds, debentures, mutual funds, and derivative trading
- Rationale: To provide flexibility for diversification into new business areas while retaining existing steel business
4. Adoption of New Articles of Association
Special Resolution to adopt new AOA conforming to Companies Act, 2013 provisions, based substantially on Table F of Schedule I.
5. Strategic Restructuring of Steel Plant Operations
Special Resolution authorizing Board to evaluate and implement strategic alternatives for steel plant undertaking:
- Induction of strategic investors/technology partners for capital infusion and modernization
- Lease, license, or commercial utilization at existing location
- Relocation of plant and machinery to another location
- Sale, transfer, or disposal of plant, machinery and operational assets
- Joint ventures, strategic partnerships, or technology arrangements
- Valuation: Plant and machinery valued at ₹44,19,50,000 (Rupees Forty-Four Crore Nineteen Lakh Fifty Thousand) by Vatsalraj J. Dabhi, IBBI Registered Valuer (Registration No. IBBI/RV/02/2022/15167) using Depreciated Replacement Cost Method as of March 31, 2026
- Valuation report dated April 30, 2026 covers only movable assets (plant, machinery, equipment)
- No commitment to any specific purchaser or counterparty as of notice date
- Proceeds utilization: Technology upgradation, restructuring, real estate development, acquisitions, investments, capex, working capital, debt repayment
6. Monetization of Land and Buildings
Special Resolution authorizing Board to deal with company's land, buildings and immovable properties through:
- Outright sale or transfer
- Lease or license arrangements
- Development or redevelopment agreements
- Joint development arrangements or joint ventures
- Revenue-sharing arrangements
- Proceeds utilization: Real estate development, property acquisition, construction, technology upgradation, strategic investments, working capital, debt reduction
E-Voting Arrangements
- Remote e-voting through NSDL
- Cut-off date: September 11, 2026
- Voting rights proportional to shareholding as of cut-off date
- Members can join AGM through VC/OAVM via NSDL e-Voting system
- Questions from shareholders to be sent to cs@shahalloys.com between September 11-12, 2026
Document Availability
- Notice and Annual Report available on company website: www.shahalloys.com
- Documents available for inspection at corporate office during business hours
- Electronic copies sent to members with registered email IDs