Steelman Telecom Limited's Board of Directors held a meeting on Thursday, 20th August 2026 from 12:00 NOON to 05:30 P.M. and approved the following items:
Corporate Governance and Capital Structure Changes
1. Alteration of Memorandum of Association: Approved alteration of the Object Clause by insertion of a new ancillary object clause, subject to shareholder approval and statutory/regulatory approvals.
Management Appointments and Reappointments
2. Managing Director Reappointment: Reappointed Mr. Mahendra Bindal as Managing Director for a five-year term commencing May 17, 2027 and ending May 17, 2032, subject to shareholder approval upon completion of his existing term on May 16, 2027.
3. Executive Director-cum-Chairman Reappointment: Reappointed Mr. Girish Bindal as Executive Director-cum-Chairman for a five-year term effective from May 17, 2027 to May 17, 2032, subject to shareholder approval upon completion of his existing term on May 16, 2027.
4. Independent Director Reappointment: Reappointed Mr. Atul Kumar Bajpai as Independent Director for a five-year term commencing May 17, 2027 and ending May 17, 2032, subject to shareholder approval following completion of his existing term on May 16, 2027.
5. Director Reappointment: Reappointed Mr. Pravin Poddar for a five-year term commencing July 1, 2027 and ending July 1, 2032, subject to shareholder approval upon completion of his existing term on June 30, 2027.
Fundraising
6. Fundraising Approval: Approved raising funds up to ₹50 Crore (Rupees Fifty Crore only) through issuance of Convertible Equity Share Warrants and/or any other eligible securities convertible into or exchangeable for Equity Shares on a preferential basis to Promoters and/or a select group of Non-Promoters. This is subject to applicable provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and other applicable laws, and requires shareholder and stock exchange approvals.
Financial Reporting and Compliance
7. Secretarial Audit Report: Adopted the Secretarial Audit Report for the Financial Year 2025-2026.
8. Management Discussion and Analysis: Approved the draft Management Discussion and Analysis Report for FY 2025-2026.
Annual General Meeting Arrangements
9. AGM Documentation: Approved the Notice convening the 23rd Annual General Meeting along with Directors' Report and all annexures for FY 2025-2026.
10. AGM Convening: Approved convening the 23rd Annual General Meeting on Saturday, 19th August, 2026 at 12:00 NOON at MANI CASADONA, FLAT NO 15E1, FLOOR NO-15, PLOT NO-IIF/04, STREETNO-372, ACTION AREA-IIF, NEW TOWN, KOLKATA-700156.
11. Register of Members Closure: Pursuant to Regulation 42 of SEBI LODR, the Register of Members and Share Transfer Books will be closed from Sunday, 13th September, 2026 to Saturday, 19th September, 2026 (both days inclusive).
12. Voting Rights Cut-off: The cut-off date for reckoning voting rights for remote e-Voting and e-Voting at the 23rd AGM is Saturday, 12th September, 2026.
13. Scrutinizer Appointment: Appointed Mr. Saurabh Basu, Practicing Company Secretary (CP No: 14347, Membership No: 18686) proprietor of M/S S BASU & ASSOCIATES as Scrutinizer for the 23rd AGM to scrutinize the voting and remote e-voting process.