Sarthak Metals announced the death of its Chief Financial Officer, Narendra Dewangan, on September 9, 2026. The company issued the disclosure to stock exchanges under SEBI regulations.

Dewangan had recently been appointed as CFO after serving as Head of Accounts. He was associated with Sarthak Metals and the Desraj Bansal Group for several years.

Key Details

The Board of Directors expressed condolences to the bereaved family. Dewangan was noted for his contributions to the company's financial functions and accounting discipline.

He was known for his sincerity and dedication during his tenure. The management highlighted his role in strengthening the organization's financial affairs.

Sarthak Metals Limited shareholders approved all five resolutions placed before its 31st Annual General Meeting (AGM) held on August 18, 2026. The meeting, presided over by Chairman Sunil Kumar Agrawal at Hotel Ashish International in Bhilai, Chhattisgarh, concluded at 1:14 pm. The approvals were confirmed pursuant to Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and applicable provisions of the Companies Act, 2013.

The agenda covered routine corporate governance matters, including the adoption of financial statements for the fiscal year ended March 31, 2026, key board appointments, and the ratification of cost auditor remuneration. Scrutinizer Atul Jain & Company reported that all resolutions passed with the requisite majority through a combination of remote e-voting and poll voting conducted at the venue. Independent Director Dwadasi Venkata Giri was absent from the meeting.

Voting Results Overview

The company facilitated remote e-voting from August 15 to August 17, 2026, via Bigshare Services Private Limited. Shareholders holding shares as on the cut-off date of August 11, 2026, were eligible to vote. The Chairman also called for a poll during the AGM to allow members present in person to cast their votes.

Three of the resolutions—the adoption of financial statements, the appointment of Mr. Mayur Bhatt (DIN: 11480507), and the ratification of the cost auditor’s remuneration—received nearly identical voting patterns. Each garnered 10,210,641 votes in favour out of a total of 10,210,652 valid votes, reflecting a near-unanimous approval rate of 99.9999%.

Related Party Transaction Approval

A separate ordinary resolution sought approval for material related party transactions with M/s Bansal Brothers. This resolution received distinct voting participation compared to the others.

The resolution passed with 99.9899% approval, with only 11 votes cast against it. The lower total vote count for this specific item suggests that not all shareholders participated in voting for this particular resolution, or it was voted on by a subset of eligible members.

What the Numbers Show

The voting data reveals a clear bifurcation in shareholder engagement across different agenda items. While four resolutions saw participation from over 10 million votes, the related party transaction resolution involving M/s Bansal Brothers attracted significantly fewer votes (approximately 108,700). This divergence indicates that while there is broad consensus on standard governance and financial matters, shareholder scrutiny or participation varies for specific transactional approvals.

Clarification on Filing Delay

Sarthak Metals Limited issued a clarification regarding the delayed submission of the AGM proceedings to stock exchanges. The company acknowledged that the disclosure was required within twelve hours of the meeting's conclusion but was submitted on August 19, 2026, at 9:29 am. The company attributed the delay to an inadvertent oversight in internal processes and stated that it has strengthened its compliance monitoring mechanisms to prevent future lapses.