Rishabh Digha Steel & Allied Products will convene its first Extra-Ordinary General Meeting (EOGM) for FY27 on Thursday, November 5, 2026, to approve the appointment of M/s. S.D. Jain & Company, Chartered Accountants, as the company's statutory auditors.

The meeting, scheduled for 9:30 am at the company's registered office in Mumbai, addresses a casual vacancy in the auditor position. The agenda includes two resolutions: one to fill the vacancy from October 12, 2026, until the conclusion of the EGM, and another to appoint the firm for a term of five consecutive years thereafter.

Auditor Resignation and Replacement

The appointment follows the resignation of the previous auditors, M/s. Bilimoria Mehta & Co., Chartered Accountants. The firm tendered its resignation via a letter dated August 14, 2026, citing an inability to continue as statutory auditors. This resignation created a casual vacancy under Section 139(8) of the Companies Act, 2013.

M/s. Bilimoria Mehta & Co. had originally been appointed at the 33rd Annual General Meeting held on September 30, 2024, for a five-year term ending with the 38th AGM in 2029. The Board of Directors, based on the recommendation of the Audit Committee, proposed M/s. S.D. Jain & Company (Firm Registration No. 121521W) to fill this role.

Meeting Logistics and Voting Details

Shareholders can participate in the decision through remote e-voting or by attending the meeting in person. The remote e-voting window opens on Monday, November 2, 2026, at 9:00 am and closes on Wednesday, November 4, 2026, at 5:00 pm. The cut-off date for determining voting rights is Thursday, October 29, 2026.

The Register of Members and Share Transfer Register will remain closed from October 30, 2026, to November 5, 2026, inclusive. Members holding shares in electronic form must ensure their email addresses are registered with their depository participants to receive notices electronically. The notice is also available on the company's website and the BSE website.

Resolution Specifics

The first resolution seeks consent to appoint M/s. S.D. Jain & Company to fill the casual vacancy effective October 12, 2026, until the conclusion of the EGM. The second resolution proposes their appointment for a full five-year term starting from the conclusion of the EGM until the conclusion of the 40th Annual General Meeting, expected to be held in 2031.

Remuneration for the new auditors will be determined by the Audit Committee in consultation with the auditors and approved by the Board. The company stated that none of the directors or key managerial personnel are interested in these resolutions, except to the extent of their shareholding.

Rishabh Digha Steel & Allied Products held its 35th Annual General Meeting (AGM) on Monday, September 28, 2026. Shareholders adopted the audited standalone financial statements for FY26 and approved key director appointments.

The meeting took place at the registered office in Mumbai at 9:30 am. Ashok Maganlal Mehta, Managing Director, served as the Chairman. The quorum was confirmed before proceedings commenced. Remote e-voting facilities were available from September 24 to September 27, 2026.

Ordinary business resolutions

Shareholders considered and adopted the audited standalone financial statements for the financial year ended March 31, 2026. This included reports from the Board of Directors and the Auditors. Additionally, Krishna Kumar Omprakash Dubey was reappointed as a director. He retired by rotation and offered himself for reappointment, being eligible for the same.

Special business and governance updates

The AGM addressed two special business items concerning board composition. Ashok Maganlal Mehta was reappointed as Managing Director of the company. Furthermore, Viral Snehal Chinai was regularized as a Non-Executive Independent Director.

The Chairman informed members that voting results would be declared within two working days from the conclusion of the meeting. The session ended at 10:15 am with a vote of thanks. These actions align with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Voting results and shareholder sentiment

The company disclosed the voting results pursuant to Regulation 44(3) of the SEBI (LODR) Regulations, 2015. All four resolutions were passed with requisite majorities, though public shareholders registered notable dissent on director reappointments.

What the numbers show

While all resolutions passed, the voting pattern reveals a divergence between promoter support and public shareholder sentiment regarding board continuity. Promoters and promoter group members cast zero votes against the reappointments of Mr. Dubey and Mr. Mehta. However, public non-institutional shareholders voted against these two resolutions with 14.89% of the total votes polled in each case. In contrast, the regularization of Mr. Viral Snehal Chinai saw near-unanimous support, with only 0.15% opposition, indicating higher acceptance of this specific governance change among the public.