Sambhv Steel Tubes shareholders approved all four ordinary resolutions at its ninth annual general meeting held on September 10, 2026. The consolidated voting results, released on September 11, 2026, show overwhelming support across promoter and public categories.

The meeting adopted the audited standalone and consolidated financial statements for FY26, reappointed Suresh Kumar Goyal as Chairman and Managing Director, and ratified the remuneration of the Cost Auditor.

Voting Results Overview

A total of 172,121,460 votes were polled out of 294,671,429 outstanding shares, representing a 58.41% participation rate. The promoter group held 165,329,292 shares, while public institutional and non-institutional shareholders held 15,828,452 and 113,513,685 shares respectively.

Promoter vs Public Voting

The promoter group voted unanimously in favour of all four resolutions, casting 139,133,042 votes via remote e-voting and instapoll. Public institutional investors also supported all resolutions without dissent.

Dissenting votes came exclusively from public non-institutional shareholders. The highest opposition was recorded on the reappointment of Suresh Kumar Goyal, with 1,200 votes cast against the resolution. This represented less than 0.01% of the total votes polled.

Meeting Proceedings

Suresh Kumar Goyal chaired the proceedings, which commenced at 11:30 am and concluded at 12:34 pm. The requisite quorum was present, comprising 60 members in total, including five from the promoter group and 55 from the public category.

Key management personnel and independent directors attended through various modes. Vikas Kumar Goyal, Managing Director and CEO, and Bhavesh Khetan, Executive Director and COO, participated via video conference. Independent directors Manoj Khetan, Nidhi Thakkar, Sarbesh Kumar Das, and Sharad Chandak also joined remotely.

Governance and Compliance

Remote e-voting was conducted from September 7 to September 9, 2026, via the KFin Technologies Limited e-voting system. Members attending the meeting who had not voted remotely used the Instapoll facility.

Rohtash Kumar Agrawal of M/s. Rohtash Agrawal & Co served as the scrutinizer. The reports of the statutory auditor, S S Kothari Mehta & Co LLP, and the secretarial auditor, Agrawal & Agrawal, contained no qualifications or adverse remarks.

Sambhv Steel Tubes Limited has received environmental clearance for its proposed Unit-3 expansion project located in Village Sarora, Tehsil Tilda, District Raipur, Chhattisgarh. The Ministry of Environment, Forest and Climate Change (MoEF&CC) granted the clearance on August 11, 2026, under the provisions of the EIA Notification, 2006, as amended.

The approval is critical for the implementation of a greenfield project that includes the production of ferro alloys through four submerged arc furnaces (SAF), each rated at 18 MVA, alongside a 60 MW fluidised bed combustion (FBC)-based captive power plant (CPP). The project falls under Category “A” of the EIA Notification, specifically Schedule 3(a) for metallurgical industries and Schedule 1(d) for thermal power plants.

Project Details and Investment

The environmental clearance constitutes a prior regulatory requirement for the project, which was initially approved by the company’s Board of Directors in a meeting held on May 9, 2026. The Board had sanctioned the setting up of a 30 MW captive power plant with a proposed investment of ₹1,500 million. The current clearance expands the scope to include ferro alloy production and increases the captive power capacity to 60 MW.

The clearance is subject to specific and general conditions stipulated by the MoEF&CC and other applicable statutory approvals. The EC letter does not state a separate fixed validity period but remains valid subject to the provisions of the EIA Notification, 2006, as amended.

Regulatory Compliance

This disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also provided additional disclosures as required under SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, regarding the granting of key licenses or regulatory approvals. The full disclosure is available on the company’s website.