Sambhv Steel Tubes Ltd has secured shareholder approval for key board appointments and remuneration revisions through a remote e-voting process that concluded on July 10, 2026. The resolutions, which included the appointment of a new Executive Director and the elevation of the Chairman and Managing Director, were passed with the requisite majority. The voting process was scrutinized by Rohtash Kumar Agrawal, Proprietor of M/s Rohtash Agrawal & Co., who confirmed the results in a report dated July 14, 2026.

Voting Results Summary

The postal ballot sought approval for four special resolutions. The first resolution appointed Mr. Bikash Agrawal (DIN: 09231728) as an Executive Director. The second resolution approved the change in designation and appointment of Mr. Suresh Kumar Goyal (DIN: 00318141) as Chairman and Managing Director. The third and fourth resolutions concerned the revision of remuneration for Executive Directors Mr. Saurabh Patil (DIN: 11265825) and Mr. Bhavesh Khetan (DIN: 10249740), respectively.

Detailed Voting Breakdown

The remote e-voting process commenced on June 11, 2026, and ended on July 10, 2026. A total of 193,086,363 votes were polled across all resolutions, representing approximately 65.53% of the total outstanding shares. The table below summarizes the voting results for the four resolutions:

Shareholder Participation

The voting rights were reckoned as on June 05, 2026, which served as the cut-off date. There were 71,798 shareholders on record as of this date. The Promoter and Promoter Group cast 157,665,630 votes in favour of all resolutions. Public Institutional shareholders cast 8,489,874 votes, while Public Non-Institutional shareholders cast 26,930,859 votes. The votes were unblocked on July 10, 2026, at 6:47 p.m. in the presence of witnesses Rohit Sharma and Satish Gupta.

Regulatory Compliance

The results were disclosed in compliance with Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Section 108 of the Companies Act, 2013. KFin Technologies Limited acted as the Registrar and Transfer Agent for the e-voting process. The Scrutinizer's Report confirmed that all resolutions were passed in a fair and transparent manner.

Sambhv Steel Tubes Limited will convene a board meeting on July 15, 2026, to consider and approve a proposal for raising funds. The board intends to evaluate the issuance of equity shares, fully convertible equity warrants, convertible instruments, or any combination thereof. This move aims to secure capital in accordance with the Companies Act, 2013, and Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

The agenda includes determining the issue price, the number of warrants to be issued, and the identification of proposed allottees. Any final decision will be subject to shareholder approval and necessary statutory or regulatory clearances. The company stated that the meeting is being held in terms of Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

In compliance with its Code of Fair Disclosure and Code of Conduct for Prevention of Insider Trading, the trading window for dealing in the company's shares has been closed. This restriction applies to all officers, designated employees, directors, and their immediate relatives. The window will remain shut until 48 hours after the company declares the outcome of the board meeting to the stock exchanges.

The trading window was initially closed following an earlier intimation dated June 25, 2026. The company has made this intimation available on its official website.

Key Agenda Items