Meeting Logistics

The 53rd Annual General Meeting was held on Tuesday, September 15, 2026 at 12:00 Noon (IST) through Video Conferencing (VC)/Other Audio Visual Means (OAVM) platform provided by NSDL. The meeting concluded at 12:38 PM (IST). The meeting was conducted in compliance with MCA General Circulars 14/2020, 17/2020, 20/2020, 02/2022, 10/2022, 09/2023, 09/2024 and 03/2025 issued between April 8, 2020 and September 22, 2025.

Attendance

Directors Present:

  • Mr. Sunil Sikka - Independent Director, Chairman of Audit Committee, Risk Management Committee, Stakeholder's Relationship Committee, and Committee of Directors
  • Mr. Raju Bista - Managing Director, Member of Stakeholder's Relationship Committee, CSR Committee and Committee of Directors
  • Mr. Vinay Surya - Managing Director, Member of Audit Committee, Risk Management Committee, and Committee of Directors
  • Ms. Suruchi Aggarwal - Independent Woman Director, Chairperson of Corporate & Social Responsibility Committee and Nomination and Remuneration Committee, Member of Stakeholder's Relationship Committee
  • Mrs. Puja Sura - Whole Time Director
  • Mr. T. G. Keswani - Independent Director, Member of Audit Committee and Nomination and Remuneration Committee
  • Mr. Ravinder Kumar Jaggi - Independent Director
  • Mr. Ravi Kant Gupta - Independent Director

Directors absent due to pre-occupations: Mr. Jai Prakash Agarwal, Mrs. Urmil Agarwal, Mr. Naresh Agarwal, and Mr. K. N. Karmarkar.

Other Attendees:

  • Sh. B. B. Singal - CFO & Company Secretary
  • Mr. Amit Bansal - Partner, Statutory Auditors - M/s. Ashok Kumar Goyal & Co
  • Mr. Kumar Gaurav Jain - CEO - Steel Division
  • Mr. Nitesh Latwal - Scrutinizer - Partner of M/s Pl & Associates
  • Mrs. Anjali Yadav - Secretarial Auditor - M/s Anjali Yadav & Associates
  • Mr. Naresh Singhal - Executive Director (Commercials)

Meeting Proceedings

Mr. Sunil Sikka was elected as Chairperson of the meeting as per Article 60 of the Articles of Association. Quorum was confirmed present. All requisite Statutory Registers and necessary documents were available electronically for inspection. Certificate from Secretarial Auditor regarding Employee Stock Option Scheme pursuant to Regulation 13 of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 was accessible on the company website.

Resolutions Passed

Ordinary Business:

1. Adoption of audited standalone financial statements for the financial year ended March 31, 2026 and reports of Board of Directors and Auditors thereon

2. Adoption of audited consolidated financial statements for the financial year ended March 31, 2026 and report of Auditors thereon

3. Declaration of final dividend of ₹2.50 per equity share for the financial year ended March 31, 2026

4. Re-appointment of Mr. Kaustubh Narsinh Karmarkar (DIN: 00288642) who retires by rotation

Special Business:

5. Approval for creation of mortgage(s), charge(s), hypothecation(s) and/or other security interest(s) on assets of the Company in connection with working capital facilities pursuant to Section 180(1)(a) of Companies Act, 2013

6. Ratification of Remuneration of ₹7,50,000 to be paid to Cost Auditors M/s R J Goel & Co for the financial year ending March 31, 2027

7. Re-appointment of Mr. Jai Prakash Agarwal (DIN: 00041119) as Whole-time Director designated as Executive Chairman for 5 consecutive years from January 1, 2027 to December 31, 2031 (both days inclusive)

8. Re-appointment of Mr. Vinay Surya (DIN: 00515803) as Managing Director for 5 consecutive years from October 26, 2026 to October 25, 2031 (both days inclusive)

Voting Process

Voting on all resolutions was conducted through remote e-voting and e-voting during the AGM. Voting results will be communicated to the exchanges along with combined Scrutinizer's Report and placed on the company website (www.surya.co.in) and NSDL website.