Meeting Overview

Tamilnadu Steel Tubes Ltd held its 47th Annual General Meeting on Wednesday, September 16, 2026, at 10:00 AM IST through Video Conferencing (VC) / Other Audio Visual Means (OAVM). The meeting was conducted pursuant to REG.30 of SEBI (LODR) Regulations 2015 and relevant sections of the Companies Act 2013.

Attendance Details

Directors Present:

  • Miss. M Indumathi (DIN: 10747508) - Independent Director & Chairperson
  • Mrs. Diwa Abhishek (DIN: 08709050) - Independent Director
  • Mrs. Priva Krishna (DIN: 1064080B) - Independent Director
  • Mr. Raiesh Sai Iver (DIN: 05353374) - Independent Director
  • Mr. Bivashwa Das (DIN: 07352655) - Managing Director WTD
  • Mr. Ashok Kumar Shukla (DIN: 11547178) - Whole Time Director
  • Mr. Ramasish Sineh (DIN: 09236352) - Whole Time Director
  • Mr. Krishnan Kamal Shukla (DIN: 09700482) - Whole Time Director
  • M/s. Avanthika Shankar (DIN: 11923063) - Independent Director

Total Members Present: 76 members attended through video conferencing.

Miss M Indumathi was elected as Chairman of the meeting. The Chairman declared valid quorum as per Section 103 of the Companies Act, 2013 and Articles of Association.

Resolutions Approved

Ordinary Business

1. Adoption of Audited Financial Statements for FYE 31st March 2026 together with reports of Board of Directors and Auditors

Special Business

1. Re-appointment of Mr. Ram Ashish Singh (DIN: 09236352) as Whole Time Director for 3 years (Special Resolution)

2. Appointment of Mr. Ashok Kumar Shukla (DIN: 11547178) as Whole Time Director for 3 years replacing Mr. N. Sudarshan (DIN: 08562284) who resigned due to age-related reasons (Ordinary Resolution)

3. Approval of remuneration to Mr. Ashok Kumar Shukla for period February 14, 2026 to February 13, 2029 (Special Resolution)

4. Appointment of Ms. Avantika Shankar (DIN: Applied) as Independent Director representing Small Shareholders replacing CMA Mrs. Divya Abhishek (DIN: 08829015) for 3 years (Ordinary Resolution)

5. Appointment of Mr. V.S. Sowrirajan, M/s. V.S. Sowrirajan & Associates (Membership No. FCS 2368 & C.P. No. 6482) as Secretarial Auditor and fixation of remuneration (Ordinary Resolution)

6. Appointment of M/s LATHA VENKATESH & ASSOCIATES as Cost Auditors and fixation of remuneration (Ordinary Resolution)

7. Approval for formation of Gratuity Trust (Special Resolution)

8. Approval for opening and operation of Suspense Escrow Account with Stock Holding Corporation of India (Ordinary Resolution)

9. Approval for availing Overdraft (OD) Facility of ₹3 Crores from City Union Bank Ltd, enhancing total borrowing from ₹13 Crores to ₹16 Crores (Special Resolution)

10. Transfer of leasehold right of 6.5 acres of company land situated at plots B-10 and C-13 Industrial Complex, M.M Nagar - 603209, Chengalpattu District, Tamil Nadu from Mrs. Durga Devi Goyal to her legal heir Mr. Rakesh Goyal (Special Resolution)

11. Related Party Transaction - Royalty Payment made to Mr. Saatvik Goyal for Trade Marks: TNT, STAR & JUPITER for Financial Year 2026-27 (Special Resolution)

12. Purchase of Solar Panel power from Private Operators as alternative energy source for factory premises (Special Resolution)

13. Appointment of Data Privacy Auditor - M/S Sharan Ramachandran & Co Chartered Accountants (Firm No. 029408S) (Special Resolution)

14. Appointment of Internal Control Auditor - M/s Neeraja & Associates, Chartered Accountants (Firm registration no 028044S) (Special Resolution)

Meeting Proceedings

The Chairman welcomed members and introduced directors, auditors, and panelists. The notice of AGM along with Audited Financial Statements and Directors Report for year ended 31st March 2026 was taken as read. There were no qualifications, comments, or remarks in the Statutory Auditors Report and Secretarial Auditor's Report.

The e-voting facility provided by NSDL remained open for an additional 15 minutes during the meeting for shareholders who had not cast their votes through remote e-voting. The results were to be declared within prescribed time, with consolidated scrutinizer report and voting results to be submitted to BSE and placed on company website (www.tntpipes.com).

The 47th AGM concluded at 10:42 AM on September 16, 2026.