Meeting Details

  • Meeting Type: 39th Annual General Meeting
  • Date: Thursday, October 1, 2026
  • Time: 10:00 A.M. (IST)
  • Location: Supreme Special Steels, Village Vihari, Opp. Khopoli Railway station, Khopoli - 410203, Maharashtra, India
  • Cut-Off Date: Friday, August 28, 2026 - Members holding shares as of this date are eligible to attend and vote

Proposed Resolutions and Implications

Ordinary Business

1. Item No. 1: Adoption of Audited Standalone Financial Statements for FY ended March 31, 2026, along with Board of Directors and Auditors reports

2. Item No. 2: Re-appointment of Mr. Sanjay Chowdhri (DIN: 00095990) as Director who retires by rotation

Special Business

3. Item No. 3: Rescission and withdrawal of ordinary resolution passed at September 28, 2024 AGM regarding increase in Authorized Share Capital from ₹25.10Cr to ₹51.50Cr

4. Item No. 4: Ordinary Resolution to increase Authorized Share Capital from ₹25.10Cr (25.10Cr shares of ₹1 each) to ₹67.70Cr (67.70Cr shares of ₹1 each) by creating additional 42.60Cr equity shares

5. Item No. 5: Special Resolution to approve preferential issue of up to 28,09,70,000 equity shares at ₹2.60 per share (₹1 face value + ₹1.60 premium) aggregating ₹73.05Cr to 72 allottees

  • Promoter Allottees (4 entities): Sanjay Chowdhri (5.5Cr shares, ₹14.30Cr), Abhinav Chowdhri (50L shares, ₹1.30Cr), Pranav Chowdhri (50L shares, ₹1.30Cr), Lalita Chowdhri (50L shares, ₹1.30Cr)
  • Non-Promoter Allottees (68 entities): Including Kunjana Dedhia (2.25Cr shares, ₹5.85Cr), Mahendra Kumar Kawad & Alka Kawad (2Cr shares, ₹5.20Cr), Anil V. Dedhia (1.25Cr shares, ₹3.25Cr), and others
  • Total Investment: ₹73,05,22,000
  • Price Justification: Higher of 90-day VWAP (₹1.77) or 10-day VWAP (₹2.60) per SEBI ICDR Regulations
  • Objects: Settlement of bank dues under OTS (up to ₹34Cr), repayment of unsecured loans (up to ₹6Cr), working capital requirements, general corporate purposes

6. Item No. 6: Special Resolution to approve preferential issue of up to 14,50,00,000 convertible warrants at ₹2.60 per warrant aggregating ₹37.70Cr to 7 allottees

  • Promoter Allottees (3 entities): Sanjay Chowdhri (7Cr warrants, ₹18.20Cr), Abhinav Chowdhri (1.5Cr warrants, ₹3.90Cr), Pranav Chowdhri (1.5Cr warrants, ₹3.90Cr)
  • Non-Promoter Allottees (4 entities): Hardik D. Parekh (2Cr warrants, ₹5.20Cr), Trina Vyas (75L warrants, ₹1.95Cr), Tanisha Vyas (75L warrants, ₹1.95Cr), Nikita Hardik Parekh (1Cr warrants, ₹2.60Cr)
  • Warrant Terms: 25% upfront payment (₹0.65 per warrant), balance 75% payable at conversion within 18 months
  • Total Potential Investment: ₹37,70,00,000

7. Item No. 7: Ordinary Resolution to ratify remuneration of Cost Auditors M/s. Dinesh Jain & Company at ₹50,000 plus taxes for FY 2026-27

Voting Process and Methods

  • Remote e-voting Period: Monday, September 28, 2026 (09:00 A.M.) to Wednesday, September 30, 2026 (05:00 P.M.)
  • E-voting Service Provider: Bigshare Services Private Limited through i-Vote platform
  • Voting Methods:
  • Demat account holders can vote through NSDL/CDSL platforms using single login credentials
  • Physical shareholders can vote through Bigshare's i-Vote platform using Event No + Folio Number
  • Custodians can upload bulk voting files
  • Scrutinizer: Mr. Rinkesh Gala (ACS 42486, COP No.20128) of RA Gala & Associates, Practicing Company Secretaries (FRN: P2019MH075400)
  • Scrutinizer's Report: To be issued within 2 working days of AGM conclusion and posted on company website

Compliance Statements

The notice confirms compliance with:

  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Companies Act, 2013 provisions including Sections 13, 61, 62, 108, 148
  • SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
  • Companies (Prospectus and Allotment of Securities) Rules, 2014
  • All requisite explanatory statements pursuant to Section 102 of Companies Act, 2013 are provided

Additional Information

  • Annual Report Availability: On company website https://supremesteels.com/ and NSE website www.nseindia.com
  • Communication Method: Primarily electronic to registered email addresses, physical letters with web-link to those without registered emails
  • Valuation Report: Prepared by Bhavesh M Rathod (IBBI Reg No. IBBI/RV/06/2019/10708)
  • Company Secretary Certificate: Provided by Hemanshu Upadhyay of HRU & Associates (ACS No.46800 | C.P. No.20259)
  • Monitoring Agency: Required to appoint Infomerics Valuation And Rating Limited (SEBI Reg No. IN/CRA/007/2015) or similar agency to monitor fund utilization
  • Preferential Issue Timeline: Allotment to be completed within 15 days of resolution passing or regulatory approvals
  • Lock-in Requirements: As per Chapter V of SEBI ICDR Regulations for both preferential shares and pre-existing holdings of allottees