Proceedings of 37th AGM Held Through Video Conferencing
The 37th AGM was held on September 29, 2026 via video conferencing.
- AGM Date
- September 29, 2026
- Meeting Format
- Video conferencing
- Resolutions Transacted
- 6 ordinary resolutions
- Statutory Auditors Re-appointment Term
- second term of five (5) years
- Voting Results Timeline
- within 2 working days
What was shared
The company submitted a summary of the proceedings of its 37th Annual General Meeting, held on Tuesday, September 29, 2026, through Video Conferencing / Other Audio Visual Means, as required under the listing rules.
Who chaired
The Chairman of the Board was unable to attend, so the Directors present elected Mr. Bhimsen Galgali, Independent Director, to chair the Meeting. The Managing Director, CFO, other Independent Directors, and representatives of the Statutory Auditor and Secretarial Auditor attended.
Resolutions transacted (all Ordinary)
- Adoption of the audited Balance Sheet, Profit and Loss, Cash Flow Statement and Notes for the year ended 31st March 2026, with the Board's and Auditor's Reports
- Declaration of dividend for the financial year ended 31st March, 2026
- Re-appointment of Mr. Narendrakumar Gupta, who retires by rotation
- Re-appointment of M/s. Singh Mundada & Associates, Chartered Accountants, as Statutory Auditors for a second term of five (5) years, and fixing their remuneration
- Ratification of remuneration to the Cost Auditor for financial year 2026-27
- Approval for Material Related Party Transactions with R L Steels & Energy Limited
Management commentary at the meeting
The Chairman told Members that improving the company's top line and restoring a stronger growth trajectory would remain among the key priorities. He pointed to strengthening the existing customer base, exploring new business opportunities, expanding market presence, improving capacity utilisation, and developing products aligned with evolving customer requirements.
What happens next
Mr. Nitin Sharma of M/s. Nitin Sharma & Associates, Practicing Company Secretaries, acted as Scrutinizer for the remote e-voting and the e-voting at the meeting. The voting results are to be declared within 2 working days from the conclusion of the meeting and uploaded on the company's website.
For investors, this is a routine record of the AGM. The actual outcome of each resolution will be known from the separate voting results disclosure.
More numbers
- Statutory auditors re-appointed for second termFive (5) years
- Time to declare voting results2 working days
- Resolutions transacted6
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