Prabhu Steel Industries Limited shareholders approved the amendment to the object clause of its Memorandum of Association (MOA) at an Extra-Ordinary General Meeting (EGM) held on June 3, 2026. The special resolution, which sought to align the MOA with the Companies Act, 2013, was passed with 100% of the votes polled in favour. The approval enables the company to update its objectives to ensure compliance with current statutory requirements.

The EGM was convened at the company's registered office in Nagpur, with Mr. Dinesh Agarwal, Managing Director, presiding as Chairman. The meeting commenced at 09:00 A.M. and concluded at 09:50 A.M. Jaymin Modi of M/S Jaymin Modi & Co was appointed as the scrutinizer to oversee the voting process, which included remote e-voting and a poll conducted at the venue.

Remote e-voting commenced on May 30, 2026, and concluded on June 2, 2026. However, the final outcome was determined solely by the votes cast through the poll at the EGM. A total of 76,700 votes were polled, all of which were in favour of the resolution. No votes were cast against the resolution, and there were no invalid votes recorded.

Voting Results Summary

Meeting Details

Prabhu Steel Industries Limited has convened its 1st Extra Ordinary General Meeting (EOGM) of 2026 on Wednesday, June 3, 2026, to seek shareholder approval for the alteration of the Objects Clause of its Memorandum of Association (MOA). The meeting will be held at 09:00 A.M. at the company's Registered Office located at Plot No. 158, Small Factory Area, Bagadganj, Nagpur – 440008. In compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has published the EOGM notice in "Active Times" (English newspaper) and "Mumbai Lakshadeep" (regional language newspaper).

Special Business: MOA Alteration

The sole agenda item for the meeting is the alteration of the Objects Clause by inserting a new sub-clause 49 after the existing sub-clauses 4 to 48 of Clause III (B) of the MOA. This resolution requires shareholder approval via a special resolution. The proposed addition aims to enable the company to carry on the business of prospecting, exploring, mining, quarrying, extracting, producing, processing, refining, smelting, importing, and exporting minerals, ores, metals, alloys, coal, lignite, precious and semi-precious stones, and hydrocarbons. It also covers the acquisition of mining leases, prospecting licenses, and the establishment of related infrastructure such as mineral processing plants and refineries.

E-Voting and Meeting Details

The company has established a remote e-voting period through NSDL's electronic voting system to facilitate shareholder participation. Members holding shares in physical or dematerialised form as on the cut-off date are entitled to cast their votes electronically. The following table summarises the key dates and parameters for the EOGM:

Members who have cast their vote through e-voting may participate in the EOGM but will not be permitted to vote again at the meeting. The board has appointed M/S Jaymin Modi & Co. as the Scrutinizer for the EOGM. The communication was signed by Mr. Dinesh Gangaram Agrawal, Managing Director (DIN: 00291086), on behalf of the Board.