Welcast Steels Limited held its 54th Annual General Meeting (AGM) on September 10, 2026 at 11:00 AM through Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The meeting was conducted in compliance with circulars issued by the Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI).

Directors Present

The following directors attended the meeting:

  • Mr. Rajan Harivallabhdas (Chairman & Independent Director)
  • Mr. Bhadresh K. Shah (Director)
  • Mr. Pradip R. Shah (Director)
  • Mr. Sanjay S. Majmudar (Director)
  • Mrs. Khushali S. Solanki (Director)
  • Mr. Piyush B. Shah (Independent Director)

Other Attendees

  • Mr. Paresh M. Shukla (Company Secretary)
  • Mr. Viren Thakkar (Chief Financial Officer)
  • Mr. Gangadurai M. (Chief Executive Officer)
  • Mr. Manohar Gupta (Dagliya & Co., Statutory Auditors)
  • Mr. Tushar Vora (Secretarial Auditor and Scrutinizer for remote e-voting and e-voting during the AGM)
  • 20 members attended in person

Meeting Proceedings

Mr. Rajan Harivallabhdas, Chairman of the Company, chaired the meeting and welcomed members and invitees. The requisite quorum was present. The Chairman introduced all directors and acknowledged the presence of committee chairs, statutory auditors, secretarial auditor, and senior key executives.

Mr. Paresh M. Shukla, Company Secretary, was authorized to conduct the meeting proceedings. The Company had taken requisite steps to enable members to participate and vote on agenda items. The Register of Directors and Key Managerial Personnel (KMP), Register of Shareholding of Directors & KMP, Register of Contracts, and Minutes of the previous AGM were made available electronically for inspection.

The Notice dated May 20, 2026 convening the 54th Annual General Meeting was taken as read with consent of members present.

Auditor Reports

There were no qualifications, observations, or comments on financial transactions or matters affecting the Company's functioning in either the Auditors' Report or the Secretarial Auditors' Report for Financial Year 2025-26. In view of this, the reports were not read aloud as would otherwise be required under Section 145 of the Companies Act, 2013.

Business Transacted

The following agenda items were considered:

1. Adoption of Audited Financial Statements for F.Y. 2025-26 along with report of the Board of Directors and Auditors thereon

2. Reappointment of Mr. Bhadresh K. Shah, Director retiring by rotation

Shareholder Queries

Two members asked questions pertaining to future plans of action and other matters. Mr. Viren K. Thakkar, Chief Financial Officer, replied to the queries raised by shareholders. No other members raised additional queries or sought clarifications.

Voting Process

The Company provided remote e-voting facility to members in terms of Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014. Members voted through remote e-voting during September 7, 2026 (9:00 AM) to September 9, 2026 (5:00 PM).

The facility to vote on resolutions remained open up to 30 minutes from the conclusion of the meeting for those who did not participate in remote e-voting but attended the meeting.

Mr. Tushar M. Vora, Practicing Company Secretary, was appointed as scrutinizer to scrutinize the remote e-voting and e-voting during the AGM in a fair and transparent manner.

Meeting Conclusion

The Chairman informed that e-voting results would be announced on or before the statutory prescribed time and would be intimated to the Stock Exchange and posted on the Company's website and CDSL. Mr. Paresh M. Shukla, Company Secretary, was authorized for this purpose.

The meeting concluded at 11:16 AM.