Riddhi Steel and Tube Limited concluded its 25th Annual General Meeting on September 30, 2026, with all three ordinary resolutions passing unanimously. The company adopted the audited financial statements for the fiscal year ended March 31, 2026, and ratified key governance matters.

The voting results, submitted to the BSE on October 2, 2026, indicate that 100% of the valid votes cast were in favor of each resolution. No votes were recorded against any of the agenda items, and there were no invalid votes reported by the scrutinizer.

Voting participation and quorum

The meeting was held at the registered office in Ahmedabad from 3:00 pm to 3:30 pm. A total of 14 shareholders attended the meeting either in person or through proxy. This included five promoters and promoter group members, and nine public shareholders. No shareholders participated via video conferencing.

Out of the 98 shareholders on record as of September 25, 2026, a significant portion of the equity capital was represented. The total number of shares polled across all resolutions stood at 1,02,13,248, representing approximately 82.13% of the total outstanding shares.

Resolution details

The following ordinary resolutions were considered and passed:

1. Adoption of audited financial statements for FY26.
2. Re-appointment of Mrs. Preeti Rajeshkumar Mittal as Director.
3. Ratification of remuneration for the Cost Auditor for FY27.

Scrutinizer's report highlights

Gaurang Shah, proprietor of G R Shah & Associates, served as the scrutinizer for the meeting. His report dated October 1, 2026, confirmed that the poll papers were scrutinized in the presence of witnesses Mr. Parth Parmar and Ms. Khushi Soni. The report stated that no invalid poll papers were found during the verification process.

The scrutinizer noted that shareholders holding shares as of the cut-off date of September 25, 2026, were entitled to vote. The management was responsible for ensuring compliance with the Companies Act, 2013 requirements regarding the resolutions contained in the notice.

Riddhi Steel & Tube reported a 51% year-on-year increase in net profit for the fiscal year ended March 31, 2026 (FY26). The Ahmedabad-based steel pipe manufacturer also fixed September 25, 2026 as the record date for its 25th Annual General Meeting (AGM).

The Board of Directors approved these details during a meeting held on September 7, 2026. The session commenced at 4:00 pm and concluded at 5:00 pm. Directors considered and approved the draft Director's Report for the fiscal year ended March 31, 2026.

Financial Performance

The company's financial results for FY26 reflect strong operational gains compared to the previous fiscal year.

Revenue from operations rose to ₹45,788.34 lakh from ₹39,113.34 lakh in FY25. The profit before depreciation, finance costs, exceptional items, and tax expense increased to ₹3,242.16 lakh from ₹2,472.00 lakh.

Capital Structure Changes

During the year under review, the company increased its authorized share capital from ₹8.5 crore to ₹15 crore. This was approved via an Ordinary Resolution passed by shareholders in an Extra Ordinary General Meeting held on January 27, 2026.

Additionally, the paid-up share capital increased to ₹12.43 crore through a bonus issue in the ratio of 1:2. The board approved this allotment of 41,45,126 equity shares on February 18, 2026.

AGM Details

The 25th AGM is scheduled for Wednesday, September 30, 2026, at 3:00 pm IST at the registered office in Ahmedabad.

• Record Date: Friday, September 25, 2026
• Book Closure: Monday, September 21, 2026 to Wednesday, September 30, 2026
• Scrutinizer: M/s G R Shah & Associates

Shareholders on record as of September 25, 2026, will be eligible to exercise voting rights and attend the meeting. The company filed this update under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Rajeshkumar Ramkumar Mittal, Managing Director, signed the disclosure.