Vibhor Steel Tubes AGM voting results show strong support for pay hikes
- Vibhor Steel Tubes shareholders approved all 8 resolutions at its 23rd AGM
- Voting turnout was 74.03% with 14.04 million votes polled
- Promoters voted unanimously in favor of all governance and pay hike resolutions
- Public non-institutional shareholders showed >99% support for director pay revisions
*this image is generated using AI for illustrative purposes only.
Vibhor Steel Tubes Limited released the consolidated voting results from its 23rd annual general meeting held on September 16, 2026. Shareholders overwhelmingly approved all eight resolutions, including the reappointment of key directors and revisions to their remuneration packages.
The meeting, held in Hisar, saw participation from 26,991 shareholders on record as of September 9, 2026. Of these, 14,037,821 votes were polled across remote e-voting and physical ballot processes, representing a 74.03% turnout of outstanding shares.
Governance and Reappointments
Shareholders approved the reappointment of two directors retiring by rotation: Vibhor Kaushik, Managing Director, and Vijay Laxmi Kaushik, Whole-Time Director. The Board also sought ratification for the remuneration of the Cost Auditor for FY27.
Additionally, shareholders approved revisions in the remuneration structure for four directors for the remaining period of their tenures via special resolutions:
- Vibhor Kaushik (Managing Director)
- Vijay Kaushik (Chairman & Executive Director)
- Vijay Laxmi Kaushik (Whole-Time Director)
- Pratima Sandhir (Whole-Time Director)
Voting Results Breakdown
The promoters and promoter group held 14,213,485 shares and voted in favor of all resolutions. Public non-institutional shareholders cast 21,556 votes, with support rates exceeding 99% for all agenda items.
| Resolution Type | Votes In Favor | Votes Against | Support Rate |
|---|---|---|---|
| Adoption of Financials | 14,037,815 | 6 | 99.99% |
| Reappointment of Directors | 14,037,509 | 12 | 99.99% |
| Cost Auditor Remuneration | 14,037,814 | 7 | 99.99% |
| Director Pay Revisions | 14,037,508 | 13 | 99.99% |
Ketan Ravindra Shirwadkar of KRS And Co served as the scrutinizer. The consolidated report confirms that all resolutions were passed with the requisite majority under Section 108 of the Companies Act, 2013.
Historical Stock Returns for Vibhor Steel Tubes
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.38% | -6.99% | -18.64% | -11.09% | -32.65% | -77.31% |
How might the revised remuneration packages for key directors impact Vibhor Steel Tubes' operational costs and profit margins in the upcoming fiscal year?
Will the reappointment of the current leadership team signal a continuation of existing strategic initiatives or a potential shift in corporate governance priorities?
What are the specific performance metrics or KPIs tied to the new director compensation structures that shareholders should monitor for accountability?
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