Step Two Corporation Ltd shareholders approved the adoption of financial statements for the fiscal year ended March 31, 2026, during the company's 32nd Annual General Meeting held on September 28, 2026. The meeting also authorized an increase in authorised share capital and a preferential issue of equity shares to non-promoter categories.

Key resolutions passed

The Annual General Meeting, conducted at the registered office in Kolkata, transacted several critical items of business with requisite majority approval. The proceedings included the re-appointment of Anuj Agarwal as a director retiring by rotation and the fixing of remuneration for the statutory auditors.

The specific resolutions adopted were:

• Adoption of the Balance Sheet, Statement of Profit & Loss, Auditors' Report, and Board of Directors' Report for the year ended March 31, 2026.
• Re-appointment of Anuj Agarwal (DIN: 02984121) as a director retiring by rotation.
• Fixing remuneration for M/s. M.K.Kothari & Associates, Chartered Accountants, as Statutory Auditors.
• Increase in authorised share capital and amendment of the Capital clause in the Memorandum of Association.
• Issue of Equity Shares on a preferential basis to persons belonging to the Non-Promoter Category.

Meeting details and compliance

The meeting commenced at 10:00 am and concluded at 11:30 am. In compliance with Section 108 of the Companies Act, 2013, read with Rule 20 of the Companies (Management and Administration) Rules, 2014, the company provided e-voting facilities to members. Additionally, a poll was conducted for members present personally or by proxy who had not cast their votes electronically prior to the meeting.

Step Two Corporation Limited has scheduled a meeting of its Board of Directors for Wednesday, September 2, 2026, to consider proposals for raising capital. The company will evaluate various instruments for the fund raise, subject to regulatory approvals and shareholder consent.

The agenda includes assessing options for issuing bonds, debentures, non-convertible debt instruments, convertible warrants, and equity shares. These issuances may occur via private placement, qualified institutions placement, rights issue, or other permitted methods under the Companies Act, 2013, and SEBI (Issue Capital and Disclosure Requirements) Regulations, 2018.

Regulatory Compliance

The intimation was issued pursuant to Regulation 29(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board meeting will take place at the company's registered office in Kolkata. Any additional matters may be discussed with the chair's permission.

Trading Window Closure

In compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for designated persons and their immediate relatives is closed. This restriction remains in effect from Saturday, August 29, 2026, through Wednesday, September 2, 2026, inclusive. The closure coincides with the period leading up to the approval of the fund-raising mechanism by the board.

The prior intimation has been hosted on the company's website for public access.