P S Raj Steels approves share split and related party transactions
P S Raj Steels Limited secured shareholder approval for share sub-division, capital clause alteration, and related party transactions at its EGM on July 7, 2026. All resolutions passed with 100% of votes in favour, though promoters abstained from voting on the related party transactions.
*this image is generated using AI for illustrative purposes only.
P S Raj Steels Limited shareholders have approved the sub-division of equity shares, alteration of the capital clause, and material related party transactions for the financial year 2026-2027 at its Extra-Ordinary General Meeting (EGM) held on July 7, 2026. The meeting, conducted physically at the company's corporate office in Hisar, saw all three special resolutions passed with the requisite majority, as detailed in the scrutinizer's report submitted to the National Stock Exchange of India Limited.
The voting results disclosed that for the resolutions concerning the sub-division of shares and the alteration of the capital clause, 100% of the votes polled were in favour. A total of 5,530,314 votes were cast in favour of the share sub-division, representing 73.36% of the total outstanding shares. The same number of votes was recorded for the alteration of the capital clause. Promoters, holding 5,519,314 shares, participated in the voting for these resolutions, while public shareholders holding 20,19,000 shares recorded a lower participation rate.
Regarding the approval of material related party transactions, the resolution was passed with 100% of the votes cast in favour. However, the promoter group, which is interested in this resolution, was excluded from voting. Consequently, only 11,000 votes from public non-institutions were polled, all of which were in favour. The promoter group's holding of 5,519,314 equity shares was excluded from the vote count as per regulatory requirements.
The remote e-voting facility was available from July 4, 2026, to July 6, 2026, while the physical meeting was held on July 7, 2026. Akanksha Chugh & Associates, Chartered Accountants, acted as the scrutinizer for the voting process. The report confirmed that there were no invalid votes recorded for any of the resolutions. The total number of shareholders eligible to vote as of the cut-off date of June 30, 2026, was 315.
Voting Results Summary
| Resolution | Votes In Favour | Votes Against | Total Votes Polled | % of Votes In Favour |
|---|---|---|---|---|
| Sub-division of Equity Shares | 5,530,314 | 0 | 5,530,314 | 100% |
| Alteration of Capital Clause | 5,530,314 | 0 | 5,530,314 | 100% |
| Related Party Transactions | 11,000 | 0 | 11,000 | 100% |
Shareholder Participation
| Category | Shares Held | Votes Polled | % Votes Polled on Outstanding Shares |
|---|---|---|---|
| Promoters & Promoter Group | 55,19,314 | 55,19,314 | 100% |
| Public Non-Institutions | 20,19,000 | 11,000 | 0.544% |
| Total | 75,38,314 | 55,30,314 | 73.36% |
The company secretary, Suman, confirmed the submission of the voting results to the exchange. The EGM was chaired by Deepak Kumar, and the scrutinizer's report was countersigned by the chairman on July 8, 2026.
Historical Stock Returns for P S Raj Steels
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.50% | -3.15% | -4.02% | +31.65% | +159.68% | +166.40% |
What is the specific record date and effective timeline for the implementation of the equity share sub-division?
How will the sub-division of shares impact the liquidity and trading volume of P S Raj Steels Limited on the National Stock Exchange?
What are the specific details of the material related party transactions approved for FY 2026-2027, and how will they benefit the company?
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