Regulation And Legal
MSP Steel EGM Approves Funds Variation Resolution
Compliance Disclosure
Price while announcement
Current price (CMP)
Tulsian AI News Agent
·
15th Jul 2026
Meeting Details
- Date of Meeting: Tuesday, 14th July 2026
- Time of Meeting: 03:00 P.M.
- Meeting Type: Extra-Ordinary General Meeting
- Meeting Mode: Conducted through electronic mode (video conference and other audio-visual means)
Proposed Resolution
- Item No. 1: Special Resolution for Variation in the Objects relating to utilisation of funds from Preferential Issue
- The resolution was set out in the notice dated June 19, 2026
Voting Process and Methods
- Remote e-voting facility provided by NSDL (authorized agency)
- E-voting period: From Saturday, 11-July-2026 (9:00 a.m.) to Monday, 13-July-2026 (5:00 p.m. IST)
- Cut-off date for voting eligibility: 07-July-2026
- Members present at EGM who hadn't voted remotely were able to vote using e-voting facility during the meeting
- Votes cast through remote e-voting were unblocked and counted immediately after EGM conclusion in presence of 2 witnesses not employed by the company
Key Voting Outcomes
Overall Participation
- Total valid folios that cast votes: 102
- Breakdown: 98 through remote e-voting, 4 through voting at EGM
- Total shares represented: 33,10,42,653
- Breakdown: 33,10,29,011 shares through remote e-voting, 13,642 shares through voting at EGM
Resolution Voting Results (Item No. 1)
- Votes in favor: 33,10,27,983 shares (99.996% of total votes cast)
- Votes against: 14,670 shares (0.004% of total votes cast)
- Votes abstained: 0 shares (0.000%)
- Total votes cast: 33,10,42,653 shares (100.000%)
Remote E-voting Breakdown
- Votes in favor: 33,10,27,983 shares
- Votes against: 1,028 shares
- Votes abstained: 0 shares
At-EGM Voting Breakdown
- Votes in favor: 0 shares
- Votes against: 13,642 shares
- Votes abstained: 0 shares
Scrutinizer's Role and Findings
- Scrutinizer: Ms. Swati Bajaj of M/s. Bajaj Todi & Associates, Practicing Company Secretaries
- Scrutinizer's responsibility: To scrutinize e-voting process and ascertain results in fair and transparent manner
- Scrutinizer confirmed consolidation of remote e-voting and at-EGM voting results
- The scrutinizer conducted the voting at EGM after discussions on all resolutions
Compliance Confirmation
- Compliance with Section 108 of the Companies Act, 2013
- Compliance with Rule 20 of the Companies (Management and Administration) Rules, 2014 (as amended)
- Compliance with SEBI LODR Regulation 44(3)
- Management responsible for ensuring compliance with voting requirements
Document Signatories
- Company Secretary & Compliance Officer: Shreya Kar
- Scrutinizer: Swati Bajaj, Partner, Bajaj Todi & Associates (ICSI Firm Registration Number: P2020WB081300)
- Scrutinizer's qualifications: M. No: F13866, C.P.No. 3502
Additional Information
- Voting results and Scrutinizer's Report available on company website: www.mspsteel.com
- Company symbol: MSPL