Meeting Details
- Date: Tuesday, 30th June, 2026
- Time: 01:00 PM to 01:30 PM (IST)
- Type: Annual General Meeting (AGM)
- Mode: Conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM)
- NSE Symbol: GFSTEELS
Proposed Resolutions and Implications
Three ordinary resolutions were considered:
1. Resolution 1: To consider and adopt the Annual Audited financial statements of the Company for the financial year ended March 31, 2026, consisting of the Balance Sheet, Statement of Profit and Loss and Cash Flow Statement together with the reports of the Board of Directors and Auditors thereon.
2. Resolution 2: To re-appoint Mr. Gaurav Goyal (DIN: 00370681) as Director of the Company, who retires by rotation and being eligible, has offered himself for re-appointment.
3. Resolution 3: To appoint M/s Agarwal & Saxena, Chartered Accountants as Statutory Auditor of the Company and to fix their remuneration.
Voting Process and Methods
- Remote E-Voting Period: Saturday, 27th June, 2026 (09:00 AM IST) to Monday, 29th June, 2026 (05:00 PM IST)
- E-Voting at AGM: Available for members attending who had not voted remotely, open for 15 minutes after AGM conclusion
- Cut-off Date: 23rd June, 2026 for shareholder eligibility
- Scrutinizer: Loveleen Gupta of L. Gupta & Associates, Practising Company Secretary (FCS 5287, CP 4531)
- E-Voting Provider: Purva Sharegistry (India) Private Limited
- Vote Unblocking: 30th June, 2026 at approximately 2:04 PM IST in presence of two independent witnesses
Key Voting Outcomes
Overall Participation
- Total Outstanding Shares: 30,430,000
- Total Votes Cast: 21,350,585 (70.1629% of outstanding shares)
- Number of Voting Members: 7
- Invalid/Rejected Votes: 0 across all categories
- Abstentions: 0 across all categories
Resolution-wise Results
Resolution 1: Adoption of Financial Statements
- Total Votes in Favor: 21,350,585 (100% of votes polled)
- Total Votes Against: 0 (0% of votes polled)
- Promoter & Promoter Group: 21,350,360 votes (99.9735% of their holding)
- Public Non-Institutions: 225 votes (0.0025% of their holding)
- Public Institutions: 0 votes
- Result: Passed
Resolution 2: Re-appointment of Mr. Gaurav Goyal
- Total Votes in Favor: 21,350,585 (100% of votes polled)
- Total Votes Against: 0 (0% of votes polled)
- Promoter & Promoter Group: 21,350,360 votes (99.9735% of their holding)
- Public Non-Institutions: 225 votes (0.0025% of their holding)
- Public Institutions: 0 votes
- Result: Passed
Resolution 3: Appointment of Auditors
- Total Votes in Favor: 21,350,585 (100% of votes polled)
- Total Votes Against: 0 (0% of votes polled)
- Promoter & Promoter Group: 21,350,360 votes (99.9735% of their holding)
- Public Non-Institutions: 225 votes (0.0025% of their holding)
- Public Institutions: 0 votes
- Result: Passed
Shareholder Category Breakdown
- Promoter & Promoter Group: 21,356,020 shares (70.19% of total)
- Public Institutions: 7,080 shares (0.02% of total)
- Public Non-Institutions: 9,066,900 shares (29.79% of total)
Scrutinizer's Findings and Conclusions
Loveleen Gupta certified that:
- The e-voting process was conducted in a fair and transparent manner
- Members who voted remotely were blocked from voting again during the AGM
- All votes were properly counted and validated
- All resolutions passed with requisite majority
- Electronic data and records are under scrutinizer's safe custody until handed to Company Secretary
Compliance Confirmation
The disclosure confirms compliance with:
- Section 108 of the Companies Act, 2013
- Rule 20 of the Companies (Management and Administration) Rules, 2014
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Applicable MCA Circulars
Additional Information
- Notice Date: 4th June, 2026
- Board Meeting Appointment Date: 4th June, 2026
- Scrutinizer Report Date: 30th June, 2026
- Total Shareholders on Record Date: 23,033
- Shareholders Attending Meeting: 0
- Restriction on Report Use: For submission to stock exchanges and website placement only, not for other purposes