AGM Details

The 36th Annual General Meeting is scheduled to be held on Thursday, 10th September 2026 at 04:00 PM IST through Video Conferencing (VC) or Other Audio-Visual Means (OAVM).

Voting Arrangements

  • Remote e-voting period: Monday, 7th September 2026 (09:00 AM) to Wednesday, 9th September 2026 (05:00 PM)
  • Cut-off date for voting eligibility: Thursday, 3rd September 2026
  • Book closure period: Friday, 4th September 2026 to Thursday, 10th September 2026 (both days inclusive)
  • E-voting service provider: MUFG/Link Intime India Private Limited (InstaVote platform)
  • Scrutinizer appointed: Anand Sahu & Associates, Practicing Company Secretary

Ordinary Business Items

1. Adoption of Financial Statements

To receive, consider, and adopt the Standalone and Consolidated Financial Statements as of 31st March 2026, including Audited Balance Sheet, Audited Statement of Profit and Loss, Statement of Cash Flow, and reports of Board of Directors and Auditors.

2. Re-appointment of Director

To appoint Mr. John Cherian (DIN: 10530786), Non-Executive Non-Independent Director, who retires by rotation and offers himself for re-appointment.

Special Business Items

3. Ratification of Cost Auditor Remuneration

Ordinary Resolution to ratify remuneration of ₹50,000 plus out-of-pocket expenses and taxes to M/s. Sanat Joshi & Associates, Cost Accountants (FRN No.: 000506) for conducting cost audit for financial year 2026-27. Approved by Audit Committee and Board of Directors on 30th May 2026.

4. Material Related Party Transaction - Shri Bajrang Power and Ispat Limited

Ordinary Resolution to approve material related party contracts/arrangements/transactions with Shri Bajrang Power and Ispat Limited (Promoter Group Company) for aggregate value not exceeding ₹500 Crores for one year commencing from April 01, 2026.

Transaction Details:

  • Purchase of Steel, billets, and furnace oil from Shri Bajrang Power and Ispat Limited
  • Sale of Billet, Ready to Eat Frozen Foods, and other Structural Steel to Shri Bajrang Power and Ispat Limited
  • Pricing mechanism: Market-based
  • Nature of relationship: Sister Concern with common directors (Mr. Anand Goel)
  • Transactions to be on arm's length basis and in ordinary course of business

5. Material Related Party Transaction - Shri Bajrang Chemical Distillery LLP

Ordinary Resolution to approve material related party contracts/arrangements/transactions with M/s Shri Bajrang Chemical Distillery LLP for aggregate value not exceeding ₹50 Crores during one year commencing from April 01, 2026.

Transaction Details:

  • Related party within meaning of Companies Act, 2013 and SEBI Listing Regulations
  • Nature of relationship: Mr. Archit Goel (Whole-time Director & CFO) and Mr. Anand Goel (Managing Director) are Designated Partners
  • Transactions relate to supply of materials
  • Governed by Company's Related Party Transaction Policy
  • Approved by Audit Committee
  • Arm's length basis and ordinary course of business

6. Re-appointment of Independent Director

Special Resolution to re-appoint Mr. Anshul Dave (DIN: 05123750) as Independent Director for second term of five consecutive years from 13 August 2026 to 12 August 2031.

Director Profile:

  • Chartered Accountant with expertise in investment banking, corporate finance, strategic advisory
  • Currently serves as Chairman of Audit Committee, Nomination & Remuneration Committee, and Stakeholders Relationship Committee
  • First term expired on 12 August 2026
  • Board approved re-appointment on 24 June 2026 based on Nomination and Remuneration Committee recommendation
  • Submitted all required declarations and confirmations of independence

Additional Information

  • Notice and Annual Report 2025-26 available on company website: www.sbal.co.in
  • Physical attendance dispensed with due to virtual meeting
  • Corporate members must send authorization documents to cs.sbal@goelgroup.co.in
  • Members holding physical shares encouraged to convert to dematerialized form
  • Results to be placed on company website and forwarded to BSE Limited within 48 hours of AGM conclusion

Financial Impact

  • Related party transactions approval sought for aggregate ₹550 Crores (₹500 Cr + ₹50 Cr)
  • Cost auditor remuneration: ₹50,000 plus expenses and taxes
  • No other financial impact quantified in the disclosure