Sarthak metals Limited has filed a compliance disclosure with BSE Limited, confirming that the company does not meet the criteria for "Large Corporate" classification under SEBI regulations. The undertaking was submitted on April 13, 2026, in accordance with SEBI Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021.

SEBI Large Corporate Framework Compliance

The company submitted an undertaking stating that it does not fall under the Large Corporate criteria as prescribed in the SEBI circular. Consequently, Sarthak Metals Limited is not required to furnish the Initial Disclosure in the prescribed format under the regulatory framework.

The disclosure was made pursuant to the provisions of the SEBI circular regarding submission of Initial Disclosure for companies meeting specific criteria related to borrowing thresholds and other parameters.

Financial Position Details

The company provided key financial information as part of the disclosure requirements:

Corporate Information

Sarthak Metals Limited, incorporated in 1995, operates from its head office located at BBC Colony, G.E. Road, Khursipar, Bhilai, Chhattisgarh. The company's manufacturing facility is situated at Heavy Industrial Area, Hathkhoz, Bhilai.

Authorized Signatories

The disclosure document was duly signed by two key officials:

• Pratik Jain - Company Secretary & Compliance Officer
• Narendra Dewangan - Chief Financial Officer

Both officials digitally signed the document on April 13, 2026, ensuring proper authorization and compliance with regulatory requirements.

Regulatory Context

The SEBI circular dated August 10, 2021, established a framework for Large Corporate entities to make specific disclosures. Companies meeting certain borrowing thresholds and other criteria are required to submit detailed information in prescribed formats. Sarthak Metals Limited's undertaking clarifies its position outside this regulatory framework, thereby exempting it from additional disclosure obligations under this specific circular.

Sarthak Metals Limited , a player in the steel sector, has officially announced the results of its postal ballot process, with shareholders overwhelmingly approving the company's strategic diversification into biotechnology business and director re-appointment proposals with 99.99% voting support.

Official Postal Ballot Results

The company announced the postal ballot results on December 15, 2025, following the e-voting period that concluded on December 12, 2025. The scrutinizer's report was issued by CA Atul Jain of M/s. Atul Jain & Co., Chartered Accountants, confirming that both special resolutions were passed with requisite majority.

Detailed Voting Outcomes

The e-voting facility was provided by Bigshare Services Private Limited, with the voting period remaining open from November 13, 2025 at 9:00 AM to December 12, 2025 at 5:00 PM.

Strategic Business Diversification Approved

Shareholders have approved the addition to the company's main object clause to include comprehensive biotechnology business activities. The approved diversification encompasses:

New Business Scope

This expansion allows the company to carry on business in India and elsewhere, including marketing, import, export, and dealing in all kinds of biotechnological products and allied products.

Director Re-appointment Confirmed

Shareholders approved the re-appointment of Mr. Sunil Dutt Bhatt (DIN: 09263587) as an Independent Director for a second five-year term, from August 03, 2026 to August 02, 2031.

Director Profile

Mr. Bhatt brings vast experience in the metal and weighment domain, having retired from Bhilai Steel Plant in 2020. The Board of Directors, based on the Nomination Remuneration Committee's recommendation, proposed his re-appointment at their meeting held on November 12, 2025.

Regulatory Compliance and Process

The postal ballot was conducted in compliance with Regulation 30 and 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and pursuant to Sections 108 and 110 of the Companies Act, 2013. The cut-off date for determining eligible shareholders was November 07, 2025, with notices sent via email to members whose email addresses were available with the company.

Market Implications

With overwhelming shareholder approval secured at 99.99% for both resolutions, Sarthak Metals can now proceed with its strategic diversification beyond the traditional steel sector. This diversification into biotechnology could open new revenue streams and position the company in the growing biotechnology sector while maintaining its established metal business operations. The strong shareholder confidence demonstrates support for the company's strategic direction toward sustainable and biology-driven industrial systems.