Shah Metacorp 27th AGM Approves All Resolutions

Meeting Details

Date: Wednesday, September 30, 2026
Time: Commenced at 11:00 AM IST and concluded at 11:56 AM IST
Location/Venue: Conducted through Video Conferencing (VC)/Other Audio Visual Means (OAVM). The deemed venue was the registered office of the company at Plot No. 2/3 GIDC Ubkhal, Kukarwada, Tal. Vijapur, Dist. Mehsana, Kukarwada, Gujarat – 382 830, India.
Type of Meeting: 27th Annual General Meeting

Proposed Resolutions and Implications

Five resolutions were proposed and voted upon:

1. Ordinary Business/Ordinary Resolution: Adoption of the Audited Standalone Financial Statements for FY ended March 31, 2026, reports of the Board of Directors and Auditors thereon; and adoption of the Audited Consolidated Financial Statements for FY ended March 31, 2026, the Report of the Auditors thereon.

2. Ordinary Business/Ordinary Resolution: Reappointment of Ms. Mona Viral Shah (DIN: 02343194), who retires by rotation.

3. Ordinary Business/Ordinary Resolution: Appointment of M/s. Shivam Soni & Co., Chartered Accountants (FRN:152477W/178351), as Statutory Auditors.

4. Special Business/Ordinary Resolution: Ratification of remuneration of Cost Auditors for the financial year ending March 31, 2027.

5. Special Business/Ordinary Resolution: Appointment of M/s Murtuza Mandorwala & Associates, Practicing Company Secretary, as Secretarial Auditors for a first term of five consecutive years.

Voting Process

The voting was conducted via remote e-voting prior to the AGM and e-voting during the AGM.
The remote e-voting period was from Saturday, September 26, 2026, at 09:00 AM IST to Tuesday, September 29, 2026, at 05:00 PM IST.
The e-voting facility during the meeting was kept open for 30 minutes after the conclusion of the AGM.
The scrutinizer was M/s. Murtuza Mandorwala & Associates, Practicing Company Secretary, appointed by the Board of Directors in its meeting dated August 31, 2026.
The cut-off date for determining members entitled to vote was Wednesday, September 23, 2026.
The total number of shareholders on the record date was 112,909.

Key Voting Outcomes

Overall Participation

Total Number of Shares Outstanding: 98,237,4228
Total Votes Polled: 68,905,2606 shares
Percentage of Votes Polled on Outstanding Shares: 70.1416%

Resolution-wise Results

Resolution 1 (Adoption of Financial Statements)

Result: Passed with requisite majority
Total Votes in Favour: 68,886,7492 shares (99.9731% of votes polled)
Total Votes Against: 1,85,114 shares (0.0269% of votes polled)

Resolution 2 (Reappointment of Director - Ms. Mona Viral Shah)

Result: Passed with requisite majority
Total Votes in Favour: 68,885,5777 shares (99.9714% of votes polled)
Total Votes Against: 1,96,829 shares (0.0286% of votes polled)

Resolution 3 (Appointment of Statutory Auditor - M/s. Shivam Soni & Co.)

Result: Passed with requisite majority
Total Votes in Favour: 68,886,7157 shares (99.9731% of votes polled)
Total Votes Against: 1,85,449 shares (0.0269% of votes polled)

Resolution 4 (Ratification of Cost Auditor Remuneration)

Result: Passed with requisite majority
Total Votes in Favour: 68,886,7492 shares (99.9731% of votes polled)
Total Votes Against: 1,85,114 shares (0.0269% of votes polled)

Resolution 5 (Appointment of Secretarial Auditor - M/s. Murtuza Mandorwala & Associates)

Result: Passed with requisite majority
Total Votes in Favour: 68,885,1777 shares (99.9709% of votes polled)
Total Votes Against: 2,00,829 shares (0.0291% of votes polled)

Category-wise Participation (Aggregate for all resolutions)

Promoter and Promoter Group: Held 28,96,65,826 shares. Voted 28,77,50,006 shares (99.3386% of their holding). All votes (100%) were in favour of all resolutions.
Public Institutions: Held 48,49,733 shares. Voted 0 shares.
Public Non-Institutions: Held 68,78,58,669 shares. Voted 40,13,02,600 shares (58.3409% of their holding). Average approval rate ~99.95% across resolutions.

Attendance

Promoters and Promoter Group attending via VC: 5 members
Public attending via VC: 70 members
No shareholders were present in person or through proxy at the physical deemed venue.

Scrutinizer's Role and Findings

Scrutinizer: Murtuza Kaizar Mandorwala (Membership No. F10745) of M/s. Murtuza Mandorwala & Associates.
Appointment Date: August 31, 2026 (Board Meeting).
Report Date: September 30, 2026.
The scrutinizer's report confirmed the voting process was conducted in compliance with Section 108 of the Companies Act, 2013, and Rule 20 of the Companies (Management and Administration) Rules, 2014.
The votes were unblocked on September 30, 2026, around 12:00 PM in the presence of two independent witnesses, Mr. Samoil Lokhandwala and Mr. Mayur Nagar.
The scrutinizer verified the results and confirmed all resolutions were passed.

Compliance Confirmation

The document confirms compliance with:

The Companies Act, 2013, and its relevant rules.
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Relevant circulars issued by the Ministry of Corporate Affairs (MCA) and SEBI.
Secretarial Standard-2 (SS-2) on General Meetings.

The Notice convening the AGM along with the Annual Report for FY 2025-26 was circulated to all members whose email IDs were registered. For shareholders without registered emails, letters with a web link were dispatched as per Regulation 36 of SEBI LODR.

Additional Information

The voting results and scrutinizer's report are available on the company's website (www.shahmetacorp.com) and the NSDL e-voting website (www.evoting.nsdl.com).
The company's scrip code is 533275 (BSE), and the symbol is SHAH (NSE). The ISIN is INE482J01021.
During the meeting, Mr. Viral Shah provided an update on the global market situation, the Indian steel industry, the company's performance, and Capital Restructuring & Strategic Growth Initiatives taken during the year.
The Registers and documents mentioned in the AGM notice were available for inspection in electronic mode.