Vibhor Steel Tubes Limited concluded its 23rd annual general meeting on September 16, 2026. The gathering in Hisar focused on governance matters, including the reappointment of directors and approval of revised remuneration packages for key executives.

The meeting commenced at 12:30 pm at the Banquet Hall, Suncity Mall, and concluded at 1:30 pm. Chairman Vijay Kaushik presided over the proceedings, which saw the presence of 35 members in person or through representatives. The requisite quorum under Section 103 of the Companies Act, 2013 was present to commence business.

Governance and Reappointments

Shareholders approved the reappointment of two directors retiring by rotation. Vibhor Kaushik, Managing Director, and Vijay Laxmi Kaushik, Whole-Time Director, offered themselves for re-appointment and were approved by the members.

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.

Voting Process and Compliance

The Company provided remote e-voting facilities to members registered as of September 9, 2026. The remote voting window ran from September 13 to September 15, 2026. Members who did not vote remotely were eligible to cast ballot papers during the meeting.

Ketan Ravindra Shirwadkar of KRS And Co served as the scrutinizer for both remote e-voting and physical ballot processes. The consolidated voting results and the scrutinizer’s report are expected to be uploaded to the stock exchanges and the company website within two working days.

Mr. Vibhor Kaushik presented an update on the financial performance for FY26 and the future business outlook to the attendees. Queries from members regarding the financial statements and company performance were addressed by the Managing Director.

Vibhor Steel Tubes promoter Vijay Kumar Kaushik acquired 1,800 equity shares in the company on September 3, 2026, through an open market transaction on the National Stock Exchange.

The purchase was made at a price of ₹115.1073 per share, bringing the total value of the transaction to approximately ₹2.07 lakh. This acquisition represents 0.01% of the company’s total paid-up capital.

Holding Details

Prior to this transaction, Mr. Kaushik held 42,09,000 shares, constituting 22.20% of the total voting capital. Following the acquisition, his holding increased to 42,10,800 shares, raising his stake to 22.21%.

The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company’s total equity share capital remains at ₹18,96,24,430, divided into 1,89,62,443 equity shares of ₹10 each.