Meeting Details

The 55th Annual General Meeting of the equity shareholders of Steelcast Limited was held on Wednesday, July 29, 2026, at 4:30 PM. The meeting took place at Efcee Sarovar Portico - Sarovar Hotels, Iscon Mega City, Opposite Victoria Park, Bhavnagar 364002.

Summary of Proposed Resolutions and Implications

Seven resolutions were put to vote:

  • Resolution 1 (Ordinary): To receive, consider, approve and adopt the Audited Financial Statement for FY ended March 31, 2026, and Reports of Board of Directors and Auditors.
  • Resolution 2 (Ordinary): To confirm payment of three Interim Dividends and declare a Final Dividend on Equity Shares for FY ended March 31, 2026.
  • Resolution 3 (Ordinary): To reappoint Mr. Ashutosh H Shukla (DIN: 02544350) as director retiring by rotation.
  • Resolution 4 (Ordinary): To reappoint Mr. Subhash R Sharma (DIN: 07871467) as director retiring by rotation.
  • Resolution 5 (Special): Reappointment of Mr. Chetan M Tamboli as Managing Director.
  • Resolution 6 (Special): Revision in the date of expiry of present term of appointment of Mr. Hemant D Dholakia.
  • Resolution 7 (Ordinary): Ratification of Remuneration of Cost Auditor.

Voting Process and Methods

The voting process utilized two methods:

1. Remote e-voting: Conducted through Bigshare Services Private Limited from July 26, 2026 (9:00 AM) to July 28, 2026 (5:00 PM).

2. Physical ballot voting: Conducted at the AGM venue on July 29, 2026.

Shareholders holding shares as of the cut-off date of July 22, 2026, were entitled to vote. The votes were blocked in Bhavnagar on July 29, 2026, at 6:05 PM in the presence of two independent witnesses: Mr. Rajnikant R. Shah and Mr. Jagdish H. Maniar.

Key Voting Outcomes

Overall Participation

  • Total members voted: 48
  • Total votes cast: 51,479,979

Resolution-wise Results

Resolution 1: Audited Financial Statements

  • Votes in favor: 51,479,977 (100%)
  • Votes against: 2 (0%)
  • Invalid votes: 0

Resolution 2: Dividend Declaration

  • Votes in favor: 51,479,981 (100%)
  • Votes against: 0 (0%)
  • Invalid votes: 0

Resolution 3: Reappointment of Mr. Ashutosh H Shukla

  • Votes in favor: 51,479,975 (100%)
  • Votes against: 6 (0%)
  • Invalid votes: 0

Resolution 4: Reappointment of Mr. Subhash R Sharma

  • Votes in favor: 51,453,526 (99.95%)
  • Votes against: 26,455 (0.05%)
  • Invalid votes: 0

Resolution 5: Reappointment of Mr. Chetan M Tamboli as MD

  • Votes in favor: 50,111,761 (97.34%)
  • Votes against: 1,368,220 (2.66%)
  • Invalid votes: 0

Resolution 6: Revision of term for Mr. Hemant D Dholakia

  • Votes in favor: 51,479,974 (100%)
  • Votes against: 7 (0%)
  • Invalid votes: 0

Resolution 7: Ratification of Cost Auditor Remuneration

  • Votes in favor: 51,479,949 (100%)
  • Votes against: 0 (0%)
  • Invalid votes: 0

Abstention: One member holding 32 shares abstained from voting.

Scrutinizer's Role and Findings

Mr. Dineshkumar G. Bhimani, Proprietor of D.G. Bhimani & Associates, Company Secretaries, was appointed as Scrutinizer. His responsibilities included:

  • Supervising the remote e-voting process (EVSN 1151)
  • Downloading results from Bigshare Services Private Limited's website
  • Combining results from electronic and physical voting
  • Preparing the comprehensive voting report
  • Safeguarding all voting records until minutes are approved by the Chairman

The scrutinizer confirmed that all voting procedures complied with Section 108 of the Companies Act, 2013, and Rules 20 and 21 of the Companies (Management and Administration) Rules, 2014.

Compliance Confirmation

The disclosure explicitly states compliance with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The entire voting process followed established legal frameworks under the Companies Act, 2013.

Additional Information

The company's registered office is located at Ruvapari Road, Bhavnagar, Gujarat, India 364 005. The company's CIN is L27310GJ1972PLC00203. The scrip code on BSE is 513517 with symbol STEELCAS.