Steel Exchange India shareholders passed all six resolutions at its 27th Annual General Meeting held on August 22, 2026. The company disclosed the final voting results on August 24, 2026, confirming approval of its FY26 financial statements and key governance matters.

The meeting commenced at 11:45 am and concluded at 1:05 pm via video conferencing. Voting was conducted through remote e-voting and during the session. The record date for determining eligibility was August 14, 2026, with a total of 283,047 shareholders on record.

Voting Participation and Results

A total of 619,844,758 votes were polled out of 1,275,518,412 outstanding shares, representing a participation rate of 48.59%. Promoters and the promoter group held 633,595,550 shares, while public institutions held 34,868,337 shares and non-institutional public shareholders held 607,054,525 shares.

Promoter participation was high, with 96.43% of their shares voted. In contrast, public institutional participation was low at 0.24%, while non-institutional public shareholders participated at 1.44%.

All resolutions received near-unanimous support from the promoter group, which voted 100% in favour across all items. Public shareholders also supported the resolutions, with approval rates exceeding 99.5% for all items.

Governance and Financial Approvals

The primary financial resolution involved the adoption of the audited financial statements for FY26, along with the reports of the Board of Directors and statutory auditors. This ordinary resolution was passed with 99.99% of votes in favour.

Shareholders also ratified the remuneration payable to Cost Auditors for the financial year ending March 31, 2027. The cost auditor appointed is M/s. Dendukuri & Co., with remuneration set at ₹9.00 lakh plus applicable taxes.

Director Appointments and Regularizations

Members approved the re-appointment of Mr. Mohit Sai Kumar Bandi as a director retiring by rotation. A special resolution also approved his remuneration as Whole-Time Director, amounting to ₹5,00,000 per month for the remaining two years of his tenure, effective November 18, 2026.

Another ordinary resolution regularized Mr. Anirudh Misra as a Non-Executive Non-Independent Director. Additionally, shareholders approved the continuation of Ms. Bhagyam Ramani as a Non-Executive Independent Director beyond the age of 75 until the completion of her first term on July 11, 2028.

Regulatory Compliance

The company notified BSE Limited and National Stock Exchange of India Limited of these proceedings pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The detailed voting results were furnished under Regulation 44(3), based on the report by scrutinizer Srikanth Somepalli of B S S & Associates.

Steel Exchange India Limited has paid the monthly interest on its Secured Non-Convertible Debentures (NCDs) without delay, reinforcing its commitment to timely debt servicing. The company confirmed the payment of ₹15,351,042 to debenture holders on August 7, 2026, matching the scheduled due date exactly. This regularity in interest payments is critical for maintaining investor confidence and creditworthiness, particularly for secured debt instruments where punctuality reflects underlying cash flow health.

The disclosure was made under Regulation 57(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, to both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The filing certifies that there were no delays or defaults in the payment process, with the reason for non-payment listed as 'NA'. This regulatory submission ensures transparency for investors holding the ISIN INE503B07044.

Interest Payment Details

The following table outlines the key parameters of the interest payment:

Compliance and Governance

Raveendra Babu M, Company Secretary & Compliance Officer of Steel Exchange India Limited, signed the certification on August 7, 2026. The document confirms that the frequency of payment remains monthly with no changes implemented. The absence of any delay highlights the company's adherence to its debt covenants and financial planning discipline. For investors, this consistent track record reduces the risk associated with fixed-income instruments issued by the company.