Earthstahl & Alloys holds 17th AGM, adopts FY26 financials

1 min read | Published on 29 Sept 2026, 06:11 PM |Updated on 29 Sept 2026, 06:11 PM

Reviewed by

Anirudha BScanX News Team

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Key Highlights

Earthstahl & Alloys held its 17th AGM on September 29, 2026, via video conference
Audited financial statements for FY26 were adopted during the meeting
Directors Mr. Prawin Somani, Mr. Rajesh Somani, and Mrs. Padma Somani were reappointed
Special resolutions approved five-year reappointments for two whole-time directors

*this image is generated using AI for illustrative purposes only.

Earthstahl & Alloys held its 17th Annual General Meeting on September 29, 2026, via video conference. The meeting focused on the adoption of audited financial statements for FY26 and key director reappointments.

Proceedings and attendance

The meeting commenced at 12:30 pm and concluded at 12:58 pm. Mr. Surendra Kumar Jain, Chairman and Independent Director, chaired the session. Five directors were present, including Whole-time Directors Mr. Rajesh Somani and Mrs. Padma Somani. Mr. Prawin Somani was absent due to prior commitments.

Remote e-voting facilities were provided through Bigshare Services Private Limited from September 26 to September 28, 2026. M/s S.G. Kankani & Associates served as the scrutinizer to supervise the voting process.

Resolutions passed

Shareholders transacted both ordinary and special business items as per the AGM notice. The following resolutions were considered:

Item	Resolution	Type
1	Adoption of audited financial statements for FY26	Ordinary
2	Reappointment of Mr. Prawin Somani (retiring by rotation)	Ordinary
3	Reappointment of Mr. Rajesh Somani (retiring by rotation)	Ordinary
4	Reappointment of Mrs. Padma Somani (retiring by rotation)	Ordinary
5	Reappointment of Mr. Prawin Somani as WTD for 5 years from April 1, 2027	Special
6	Reappointment of Mr. Rajesh Somani as WTD for 5 years from September 1, 2027	Special

The voting results will be submitted upon receipt of details from the scrutinizer and Bigshare Services Private Limited.

Historical Stock Returns for Earthstahl & Alloys

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	0.0%	0.0%	-18.67%	0.0%	-78.35%

How do the FY26 financial results reflect on Earthstahl & Alloys' operational efficiency in the current steel market cycle?

What strategic initiatives are expected from the renewed 5-year leadership terms for Mr. Prawin and Mr. Rajesh Somani?

Will the continuity of the current management team influence the company's capital expenditure plans for FY27?

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Earthstahl & Alloys pays ₹1,180 fine to BSE for compliance delay

1 min read | Published on 22 Sept 2026, 07:24 PM |Updated on 22 Sept 2026, 07:24 PM

Reviewed by

Jubin VScanX News Team

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Key Highlights

Paid ₹1,180 fine to BSE for delayed compliance officer appointment
Fine levied under Regulation 6(1) of SEBI LODR Regulations 2015
Violation related to quarter ended June 2026 requirements
Net payment of ₹1,080 made after deducting ₹100 TDS

*this image is generated using AI for illustrative purposes only.

Earthstahl & Alloys Limited has paid a fine of ₹1,180 to the Bombay Stock Exchange (BSE) to resolve a listing compliance violation. The penalty was levied for the delayed appointment of a qualified company secretary as the compliance officer for the quarter ended June 2026.

The exchange imposed the fine under Regulation 6(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed the payment in an intimation filed with the BSE on September 22, 2026, stating that the amount was remitted within the due date.

Fine breakdown and payment details

The total fine comprised a basic penalty and Goods and Services Tax (GST). The company deducted Tax Deducted at Source (TDS) before the final net transfer. The following table details the financial components of the settlement:

Component	Amount
Basic fine	₹1,000
GST @ 18%	₹180
Total amount payable	₹1,180
TDS deducted	₹100
Net amount paid	₹1,080

The payment was executed via RTGS on September 22, 2026. The transaction reference number is YESIG62650130060. The company’s GST number used for the upload on the BSE Listing Centre is 22AACCE3567F1ZY.

Regulatory context

This intimation serves as a closure to the earlier notice received by the company on August 20, 2026. The regulatory requirement mandates listed entities to appoint a qualified company secretary as their compliance officer. Failure to do so within the stipulated timeframe triggers monetary penalties under SEBI guidelines.

Ankit Dewangan, Company Secretary of Earthstahl & Alloys, signed the digital submission confirming the remittance. The company has requested the exchange to record the payment against the outstanding liability.

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