Tamilnadu Steel Tubes accepted the resignation of Mrs Divya Abishek as Independent Director, effective September 20, 2026. The departure follows the completion of her second and final three-year tenure on the board.

The Board of Directors noted the resignation during its meeting held on August 14, 2026, at the company’s registered office in Chennai. Mrs Abishek (DIN: 08709050) tendered her resignation upon the conclusion of her term, as mandated by regulatory guidelines for independent directors.

Board Resolution and Governance

The board passed a unanimous resolution acknowledging the end of Mrs Abishek’s tenure. The resolution cited compliance with the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key actions authorized by the board include:

• Filing Form DIR-12 with the Registrar of Companies (ROC).
• Making necessary disclosures to stock exchanges.
• Updating statutory registers to reflect the change in board composition.

Appreciation for Contributions

The board recorded its appreciation for Mrs Abishek’s guidance and support during her tenure. Her expertise contributed to the company’s strategic decision-making and governance frameworks.

Mrs Abishek thanked the chairperson, management, and fellow board members for their cooperation during her association with the company.

What the Numbers Show

The source document contains no financial data, revenue figures, or balance sheet metrics. Consequently, no analytical observation regarding financial performance or trends can be derived from this filing.

Tamilnadu Steel Tubes has declared the voting results for its 47th annual general meeting held on September 16, 2026. The scrutinizer report confirms that all 14 resolutions were passed with the requisite majority.

The Chennai-based steel pipe manufacturer conducted the meeting through video conferencing. Remote e-voting was open from September 13 to September 15, 2026. No votes were cast during the live virtual session. M/s V.S. Sowrirajan & Associates served as the scrutinizer for the process.

Voting Results Overview

The voting data reveals near-unanimous support for the company's governance and operational resolutions. All votes were cast through the remote e-voting facility provided by National Securities Depository Limited (NSDL).

A single shareholder holding 1,500 shares voted against the special resolutions related to board appointments, remuneration, borrowing limits, and related-party transactions. This represents just 0.06% of the total valid votes cast for those items.

Key Resolutions Approved

Shareholders approved several ordinary and special resolutions covering governance, financing, and operational matters.

• Reappointment of Mr Ram Ashish Singh as Whole Time Director for three years.
• Appointment of Mr Ashok Kumar Shukla as Whole Time Director for three years, replacing Mr N Sudarshan who resigned citing age-related reasons.
• Approval of remuneration for Mr Ashok Kumar Shukla for the period from February 14, 2026 to February 13, 2029.
• Appointment of Ms Avantika Shankar as Independent Director representing small shareholders for three years.

Financing and Operational Updates

The company secured shareholder approval to enhance its borrowing capacity. The new ₹3 crore overdraft facility from City Union Bank Ltd increases the total borrowing limit from ₹13 crore to ₹16 crore.

Operational approvals included:

• Formation of a Gratuity Trust.
• Opening of a Suspense Escrow Account in the Stock Holding Corporation of India.
• Procurement of solar panel power from private operators as an alternative energy source for factory premises.

Related Party Transactions and Audits

Shareholders approved a related-party transaction involving royalty payments to Mr Saatvik Goyal for trademarks TNT, STAR, and JUPITER for FY27. Mr Goyal holds more than 10% of equity shares.

The company also transferred leasehold rights of 6.5 acres of land at plots B-10 and C-13 Industrial Complex, M.M Nagar, from Mrs Durga Devi Goyal to her legal heir Mr Rakesh Goyal.

Audit appointments included M/s V.S. Sowrirajan & Associates as Secretarial Auditor and M/s Latha Venkatesh & Associates as Cost Auditor. Data Privacy Auditor M/s Sharan Ramachandran & Co and Internal Control Auditor M/s Neeraja & Associates were also appointed.

Meeting Proceedings

Miss M Indumathi, Independent Director, chaired the meeting. The quorum was declared valid with 76 members present via video conferencing. The audited financial statements for the year ended March 31, 2026, along with the Directors Report and Auditors Report, were adopted without qualifications or comments.