SRU Steels Limited has appointed M/S BMGS & Associates as its statutory auditor to fill a casual vacancy for the financial year 2025-26. The resolution was approved by shareholders through a postal ballot process that concluded on May 30, 2026. The appointment follows the resignation of the previous auditor, M/s TCS & Co., Chartered Accountants.

The postal ballot process was conducted via remote e-voting, managed by Central Depository Services Limited (CDSL). Voting took place from May 01, 2026, to May 30, 2026. The scrutinizer's report, issued by Vishakha Agrawal & Associates, confirmed that the resolution received the requisite majority under the Companies Act, 2013.

A total of 81 members participated in the voting process, representing 283,213 equity shares. The resolution secured 256,246 votes in favour and 26,967 votes against. Public non-institutional shareholders accounted for the entire participation, with 90.48% voting in favour of the appointment.

Voting Results Summary

M/S BMGS & Associates (FRN: 026886N) will hold office until the conclusion of the Annual General Meeting to be held in 2026. The remuneration and out-of-pocket expenses for the auditor will be determined by the Board of Directors. The Board has authorized a director to file the necessary forms with the Registrar of Companies to give effect to this resolution.

Sru Steels Limited has announced that its board of directors will meet on Saturday, May 30, 2026, at the company's registered office. The primary agenda of the meeting is to consider and approve the audited financial results for the quarter and year ended March 31, 2026.

In addition to the financial results, the board will take on record the audit report of the statutory auditors. The directors are also scheduled to consider and approve the audited financial statements, which include the balance sheet as of March 31, 2026, along with the statement of profit and loss and cash flow statement for the financial year.

The meeting will be conducted in accordance with Regulation 29(1)(a) and (e) of the SEBI (LODR) Regulations, 2015, and the SEBI (PIT) Regulations, 2015. The company stated that the corporate announcement will be filed in XBRL format within the stipulated time and hosted on its official website.

Agenda Details

The board will deliberate on the following key points during the meeting:

• Consideration and approval of the audited financial results for the quarter and year ended March 31, 2026.
• Taking on record the audit report of the statutory auditors.
• Approval of the audited financial statements, including the balance sheet, profit and loss account, and cash flow statement.
• Any other business with the permission of the chairman.

Company Information