The Board approved the continuation of Mr. Suresh Shastry (DIN: 01099554) as Chairman and Managing Director upon attaining the age of 70 years.
This continuation is subject to approval by shareholders at the ensuing Annual General Meeting (AGM).
Mr. Shastry's current term became effective on 01 April 2022.
His shareholding in the company as of 31st March 2026 is 2,92,06,953 shares.
Director Profile Details (Annexure-1)
Name: Mr. Suresh Shastry
DIN: 01099554
Date of Birth: 12-11-1956
Designation: Chairman and Managing Director
Qualification: Advanced Diploma in Forge Technology (ADFgT) from National Institute of Foundry & Forge Technology, Ranchi
Experience: Over 46 years of experience in the forging industry
Relationship Disclosure: Husband of Mrs. Shailaja Suresh
Other Directorships: Not applicable in listed entities
Compliance: Not debarred from holding director office by any SEBI Order or other authority
2. Alteration of Memorandum of Association
The Board approved alteration of the Object Clause of the Memorandum of Association.
A new sub-clause 3(B)(43) is inserted after existing Clause 3(B)(42).
New Clause: "To enter into, undertake, implement, give effect to and participate in any arrangement, compromise, reconstruction, merger, demerger, amalgamation, absorption, acquisition, takeover, consolidation or any other form of corporate restructuring with any company, body corporate or other entity, whether in India or abroad, in accordance with the applicable laws and regulations."
Subsequent clauses will be renumbered accordingly.
3. Annual General Meeting
The 35th Annual General Meeting of the company will be held on 24 July 2026 at 10:00 A.M.
The meeting will be conducted through Video Conferencing.
Meeting Details
Date: Monday, 29th June 2026
Location: Registered Office at #505, 5th Floor, Brigade Rubix, No.20, HMT Main Road, Bangalore 560013, Karnataka
Duration: Commenced at 11:00 A.M. and concluded at 11:25 A.M.
