Beekay Steel passes all resolutions at 45th AGM with majority votes
- Beekay Steel Industries held its 45th AGM on September 29, 2026, via video conferencing, with 48 shareholders attending
- All 8 resolutions were passed; ordinary resolutions by simple majority and special resolutions by 3/4th majority
- Total votes polled stood at 1,13,62,273, representing 59.58% of total outstanding shares of 1,90,72,052
- 1,13,62,186 votes were cast in favour of each resolution, accounting for 100% of valid votes polled
- Key approvals included adoption of FY26 financial statements, dividend declaration, and new board appointments
*this image is generated using AI for illustrative purposes only.
Beekay Steel Industries Ltd held its 45th Annual General Meeting on September 29, 2026, via Video Conferencing and Other Audio Visual Means, with 48 shareholders attending. All 8 resolutions on the agenda were passed by the requisite majority.
The meeting commenced at 12:00 pm and concluded at 12:57 pm. Mr. Suresh Chand Bansal, Chairman, presided over the meeting, while Mr. Manav Bansal, Whole-time Director, conducted the session on his behalf. Mr. Ashok Agarwal, Chief Financial Officer, addressed specific shareholder queries alongside the Whole-time Director. The total number of shareholders on the record date stood at 6,995, of whom 5 attended as panellists from the Promoter and Promoter Group and 43 from the public.
Resolutions passed
The meeting addressed both ordinary and special business items. Remote e-voting was facilitated by Central Depository Services Limited (CDSL), with the voting period open from September 26, 2026 (10:00 am) to September 28, 2026 (5:00 pm). Members as on the cut-off date of September 22, 2026 were entitled to vote on all 8 resolutions.
The following table summarises the resolutions and their outcomes:
| Agenda | Resolution | Type | Result |
|---|---|---|---|
| 1 | Adoption of audited standalone and consolidated financial statements for FY26 | Ordinary | Passed by majority |
| 2 | Declaration of dividend on equity shares | Ordinary | Passed by majority |
| 3 | Re-appointment of Gautam Bansal as Director, retiring by rotation | Ordinary | Passed by majority |
| 4 | Re-appointment of Mukesh Chand Bansal as Executive Director and Key Managerial Personnel | Special | Passed by 3/4th majority |
| 5 | Appointment of Lokanath Sahu as Whole-time Director (Operation) | Special | Passed by 3/4th majority |
| 6 | Appointment of Binod Kumar Tulsyan as Independent Director | Special | Passed by 3/4th majority |
| 7 | Approval for payment of remuneration to Cost Auditors for FY27 | Ordinary | Passed by majority |
| 8 | Appointment of Branch Auditors for FY27 | Ordinary | Passed by majority |
Consolidated voting results
Across all 8 resolutions, the voting outcome was identical. The table below presents the consolidated voting data:
| Category | Shares held | Votes polled | % polled | Votes in favour | Votes against |
|---|---|---|---|---|---|
| Promoter and Promoter Group | 1,37,41,264 | 1,13,03,810 | 82.26% | 1,13,03,810 | 0 |
| Public Institution | 73 | - | - | - | - |
| Public Non-Institution | 53,30,715 | 58,463 | 1.10% | 58,376 | 87 |
| Total | 1,90,72,052 | 1,13,62,273 | 59.58% | 1,13,62,186 | 87 |
Of the total 1,13,62,273 votes polled, 1,13,62,186 were cast in favour across all resolutions, representing 100% of valid votes polled. A total of 87 votes were cast against each resolution, all from the Public Non-Institution category.
Scrutinizer's report
Santosh Kumar Tibrewalla, Practising Company Secretary (Membership No. 3811, CP No. 3982), was appointed as scrutinizer by the Board of Directors to oversee the remote e-voting and electronic voting process. Votes were unblocked on September 29, 2026 in the presence of two witnesses, Praveen Shaw and Satarupa Kar, who are not in the employment of the company. The consolidated voting results were generated from the e-voting website of CDSL and subsequently forwarded to the stock exchanges and CDSL for public display.
Historical Stock Returns for Beekay Steel Indus
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.25% | +0.84% | +2.15% | +2.12% | +2.12% | +2.12% |
How will the appointment of Lokanath Sahu as Whole-time Director (Operation) impact Beekay Steel's production efficiency and cost management strategies in FY27?
What specific operational synergies or governance improvements are expected from the re-appointment of Mukesh Chand Bansal as Executive Director and Key Managerial Personnel?
How might the new dividend policy approved for FY26 influence Beekay Steel's capital expenditure plans for capacity expansion in the coming fiscal year?
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