Vibhor Steel Tubes 23rd AGM Passes All 8 Resolutions

Meeting Details

Type of Meeting: 23rd Annual General Meeting (AGM)
Date: Wednesday, 16th September 2026
Time: Commenced at 12:30 PM IST and concluded at 1:30 PM IST
Location: Banquet Hall, Suncity Mall, D Road, Industrial Area, Hisar, Haryana 125001
Record Date: 9th September 2026
Total Shareholders on Record Date: 26,991

Shareholder Participation

Promoters and Promoter Group Present: 5 shareholders
Public Shareholders Present: 30 shareholders
Shareholders Attended via Video Conferencing: 0 (both promoters and public)

Proposed Resolutions and Implications

Eight resolutions were considered and passed at the meeting:

1. Ordinary Resolution: To receive, consider and adopt the Audited Financial Statements for the year ended 31st March 2026, together with Reports of the Board of Directors and Auditors.

2. Ordinary Resolution: To re-appoint Mr. Vibhor Kaushik (DIN: 01834866) as Managing Director.

3. Ordinary Resolution: To re-appoint Mrs. Vijay Laxmi Kaushik (DIN: 02249677) as Whole-Time Director.

4. Ordinary Resolution: Ratification of remuneration to Cost Auditor for financial year 2026-27.

5. Special Resolution: Approval of revision in remuneration of Mr. Vibhor Kaushik, Managing Director.

6. Special Resolution: Approval of revision in remuneration of Mr. Vijay Kaushik (DIN: 02249672), Chairman and Executive Director.

7. Special Resolution: Approval of revision in remuneration of Mrs. Vijay Laxmi Kaushik, Whole-Time Director.

8. Special Resolution: Approval of revision in remuneration of Mrs. Pratima Sandhir (DIN: 07756142), Whole-Time Director.

Voting Process and Methods

Remote e-voting: Conducted through CDSL from 13th September 2026 (9:00 AM) to 15th September 2026 (5:00 PM)
Physical voting: Conducted through ballot forms at the meeting venue
Scrutinizer: Mr. Ketan Ravindra Shirwadkar (Firm: KRS AND CO, Membership No. F13938) appointed by Board on 6th August 2026

Key Voting Outcomes

Overall Participation

Total shares outstanding: 18,962,443
Total votes polled: 14,037,821 (74.03% of outstanding shares)
All resolutions passed with requisite majority

Resolution-wise Results (Promoter & Public Combined)

1. Financial Statements Adoption: 14,037,815 votes in favor (100%), 6 against (0.0000%)

2. Re-appointment of Vibhor Kaushik: 14,037,509 votes in favor (99.9999%), 12 against (0.0001%)

3. Re-appointment of Vijay Laxmi Kaushik: 14,037,509 votes in favor (99.9999%), 12 against (0.0001%)

4. Cost Auditor Remuneration: 14,037,814 votes in favor (100%), 7 against (0.0000%)

5. Remuneration Revision (Vibhor Kaushik): 14,037,508 votes in favor (99.9999%), 13 against (0.0001%)

6. Remuneration Revision (Vijay Kaushik): 14,037,508 votes in favor (99.9999%), 13 against (0.0001%)

7. Remuneration Revision (Vijay Laxmi Kaushik): 14,037,508 votes in favor (99.9999%), 13 against (0.0001%)

8. Remuneration Revision (Pratima Sandhir): 14,037,508 votes in favor (99.9999%), 13 against (0.0001%)

Category-wise Voting Breakdown

Promoter & Promoter Group:

Shares held: 14,213,485
Votes polled: 14,016,265 (98.61% of shares held)
Voted 100% in favor of all resolutions

Public Institutions:

Shares held: 5,013
Votes polled: 0 (0% of shares held)

Public Non-Institutions:

Shares held: 4,743,945
Votes polled: 21,556 (0.45% of shares held)
Predominantly voted in favor with minor opposition (12-13 votes against across resolutions)

Scrutinizer's Role and Findings

Mr. Ketan Ravindra Shirwadkar conducted the scrutiny of both remote e-voting and physical voting processes. The scrutinizer's report confirms:

The voting process was conducted fairly and transparently
Remote e-voting data was verified from CDSL's system
Physical ballot forms were scrutinized and reconciled with company records
No invalid votes were recorded in the physical voting process
All resolutions passed with requisite majority

Compliance Confirmation

The disclosure confirms compliance with:

Regulation 44(3) of SEBI (LODR) Regulations, 2015
Section 108 of Companies Act, 2013
Rule 20 of Companies (Management and Administration) Rules, 2014