27th AGM proceedings: all resolutions passed, including new Statutory and Secretarial Auditors

The 27th AGM was held on September 30, 2026 via video conferencing, 11:00 a.m. to 11:56 a.m.

Wed 30 Sep 2026

AGM Date

September 30, 2026

AGM Duration

11:00 a.m. to 11:56 a.m.

Meeting Format

Video conferencing

New Statutory Auditors

M/s. Shivam Soni & Co., Chartered Accountants

New Secretarial Auditor

M/s Murtuza Mandorwala & Associates

What happened

The company informed the exchanges about the proceedings of its 27th Annual General Meeting, held on Wednesday, September 30, 2026 through video conferencing / other audio visual means, with the registered office at GIDC Ubkhal, Kukarwada, Gujarat treated as the deemed venue. The meeting began at 11:00 a.m. and concluded at 11:56 a.m.

Mrs. Mona Viral Shah, Chairperson and Director, chaired the meeting. Directors, key managerial personnel and representatives of the Statutory Auditor, Cost Auditor, Secretarial Auditor and Scrutinizer joined through video conferencing.

Resolutions passed

Based on the Scrutinizer's Report, members passed the following with requisite majority

• Adoption of the audited standalone and consolidated financial statements for the financial year ended 31st March, 2026, with the reports of the Board and Auditors
• Re-appointment of Ms. Mona Viral Shah, who retired by rotation as a director
• Appointment of M/s. Shivam Soni & Co., Chartered Accountants, as Statutory Auditors
• Ratification of the remuneration of the Cost Auditors for the financial year ending 31st March, 2027
• Appointment of M/s Murtuza Mandorwala & Associates, Practicing Company Secretary, as Secretarial Auditor

Process points

The same firm, M/s Murtuza Mandorwala & Associates, acted as Scrutinizer for the AGM e-voting process. Since resolutions had already been put to vote through remote e-voting, there was no proposing or seconding at the meeting. E-voting during the meeting was kept open for 30 minutes after its conclusion.

The Notice convening the AGM was dated August 31, 2026, and the Notice along with the FY 2025-26 Annual Report was circulated to members whose email IDs were registered. Letters with a web link were dispatched to shareholders whose email addresses were not registered.

During the meeting, Mr. Viral Shah spoke about the global market situation, the Indian steel industry and the company's performance, and referred to Capital Restructuring and Strategic Growth Initiatives taken during the year.

How to read it

This is routine annual compliance communication. It confirms shareholder approval of accounts, a director re-appointment and auditor appointments. Voting results and the Scrutinizer's Report are to be made available on the company's website and on the NSDL e-voting website.

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