SRU Steels Limited has cancelled its board meeting scheduled for June 05, 2026, due to the non-availability of its statutory auditor. The meeting was originally convened to consider and approve the audited standalone financial results for the quarter and year ended March 31, 2026. The company stated that a revised date for the board meeting would be communicated to the stock exchanges in due course, in accordance with Regulation 29 of the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015.

The cancellation follows two previous intimations regarding the scheduling and subsequent postponement of the same meeting. The initial notice was dated May 25, 2026, followed by a postponement notice on May 30, 2026. The inability to proceed with the meeting stems from logistical issues involving the statutory auditor, whose sign-off is required for the audited financial results.

Key Details of the Cancellation

The company has assured the exchanges that the revised date will be shared within the prescribed timelines. Shareholders and investors await the financial results for the period ended March 31, 2026, which will provide insights into the company's performance for the full fiscal year.

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.