Meenakshi Steel Industries Limited passed all resolutions proposed at its 41st Annual General Meeting (AGM) held on September 28, 2026. The company disclosed the voting results to the BSE, confirming that shareholders approved every item on the agenda with a 100% majority in favor.

The meeting, conducted at the registered office in New Delhi, saw participation from 11 members voting by poll. No votes were cast through remote e-voting or postal ballot for any of the three agenda items. The total number of shares voted upon was 19,66,600, representing 98.72% of the outstanding shares.

Key Resolutions and Outcomes

The shareholders approved the following key corporate actions:

• Adoption of Financial Statements: The audited standalone and consolidated annual accounts for the year ended March 31, 2026, along with the Directors' and Auditors' reports, were adopted.
• Director Reappointment: Mrs. Sudha Jajodia (DIN-00376571) was reappointed as a director in place of herself, who retired by rotation.
• Managing Director Reappointment: A special resolution was passed to reappoint Mrs. Shivangi A. Jogani (DIN-08370325) as Managing Director for a period of five years, from the conclusion of the 41st AGM until the conclusion of the 46th AGM.

Voting Details

The voting pattern indicated strong promoter support, with no dissenting votes recorded across any resolution. The breakdown of votes is as follows:

Business Overview and Risk Profile

During the proceedings, Chairperson Shivangi A. Jogani outlined the company's primary business activities. She informed shareholders that the main business involves granting or taking loans from body corporates and making long-term investments in listed equities. The company disposes of these investments or calls back loans given, which are then redeployed into lending to other body corporates at better rates.

The Chairperson noted that the nature of this business subjects the company to market risk, credit risk, and operational risk. Additionally, the capital market industry in which the company operates is subject to extensive regulation. The management evaluates technology obsolescence and associated risks before making investment decisions.

Meeting Proceedings and Scrutinizer's Report

The AGM was chaired by Mrs. Shivangi A. Jogani, with Directors Mrs. Sudha Jajodia and Mr. Tejas Madhukant Vyas, along with Company Secretary Ms. Ranjana S. Gajewar, in attendance. The statutory auditors' report on the financial statements for FY26 contained no qualifications, observations, adverse comments, reservations, or remarks.

Girish Murarka & Co., acting as the scrutinizer, submitted a combined report on the votes cast. The report noted that National Securities Depository Limited (NSDL) provided the remote e-voting facility, though no members utilized this channel during the specified period. All voting was conducted via poll at the meeting venue. The record date for identifying eligible members was September 18, 2026.

Meenakshi Steel Industries has scheduled its 41st Annual General Meeting (AGM) for September 28, 2026, to approve the standalone and consolidated financial statements for FY26 and reappoint key directors.

The board of directors approved the notice convening the AGM during a meeting held on September 2, 2026, at its Mumbai office.

Meeting Details

The board meeting took place at Daulat Bhavan, Kalbadevi Road, Mumbai. The session commenced at 4:30 pm and concluded at 5:30 pm.

AGM Schedule and Agenda

The 41st AGM is scheduled for September 28, 2026, at 2:30 pm at the company's registered office in New Delhi. Shareholders will transact both ordinary and special business.

Ordinary Business

• Consider and adopt the audited financial statements, including consolidated statements, for the fiscal year ended March 31, 2026, along with the reports of the Board of Directors and Auditors.
• Reappoint Mrs. Sudha Jajodia (DIN: 00376571) as a director, who retires by rotation and offers herself for reappointment.

Special Business

The primary special resolution seeks shareholder approval for the appointment of Mrs. Shivangi Girish Murarka (DIN: 08370325) as Managing Director for a period of five years, from the conclusion of the 41st AGM until the 46th AGM. This appointment was recommended by the Remuneration Committee.

Ms. Murarka, who holds a B.Com and an MBA in Finance, had previously served as Managing Director until her term ceased at the previous AGM cycle. The explanatory statement notes her continued involvement will be beneficial to stakeholders.

Key Dates for Shareholders

M/s Girish Murarka & Co., practicing Company Secretaries, has been appointed as the scrutinizer for the voting results. The e-voting facility is provided through National Securities Depository Limited (NSDL).

Director Profile: Sudha Jajodia

Mrs. Sudha P. Jajodia, seeking reappointment, is an expert in Resources Management with a Diploma in Social Science. She was appointed as a director on March 30, 2015. She holds no equity shares in Meenakshi Steel Industries but serves as a director in unlisted companies Jatayu Textiles & Industries Limited and Five Star Trading and Investments Company Ltd.