Welcast Steels Limited secured unanimous shareholder approval for its FY26 financial statements and the reappointment of director Bhadresh K. Shah at its 54th Annual General Meeting on September 10, 2026.

The scrutinizer’s report, issued by Tushar Vora & Associates, confirmed that all ordinary resolutions passed with 100% of valid votes cast in favour. The company disclosed the voting details to the BSE in compliance with Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Voting Results

The e-voting process, conducted via Central Depository Services (India) Limited (CDSL), saw participation from 26 members who voted remotely. No votes were cast during the video-conferenced meeting itself.

A total of 12 votes were cast against both resolutions, representing less than 0.01% of the total valid votes. There were no invalid votes recorded.

Shareholder Participation Breakdown

The new disclosure provides a detailed breakdown of voting patterns across shareholder categories. Promoter and promoter group shareholders held 477,661 shares and polled all of them, casting 100% in favour with zero votes against.

Public non-institutional shareholders held 160,475 shares but polled only 18,091 votes (11.27% turnout). Of these, 18,079 votes were in favour (99.93%) and 12 were against (0.07%). Public institutional shareholders held 25 shares but did not poll any votes.

Meeting Proceedings

The meeting was conducted through video conferencing and other audio-visual means in compliance with Ministry of Corporate Affairs and SEBI circulars. Requisite quorum was present for the proceedings.

Remote e-voting was available from September 7 to September 9, 2026. Voting during the live meeting remained open for 30 minutes post-conclusion.

Attendance Details

The total number of shareholders on the record date was 1,976. No shareholders attended the meeting in person or through proxy. One promoter group shareholder and 19 public shareholders attended through Video Conferencing.

Governance and Audit Updates

Mr. Paresh M. Shukla, Company Secretary, confirmed that statutory registers were made available for electronic inspection. He noted there were no qualifications or observations in the Auditors' Report or Secretarial Auditors' Report for FY25-26 that affected the company's functioning.

Directors Present

Key management personnel including CEO Gangadurai M. and CFO Viren Thakkar attended. Statutory Auditor Manohar Gupta of Dagliya & Co. and Secretarial Auditor Tushar Vora were also present.

Shareholder Engagement

Two members raised queries regarding future plans of action. Mr. Viren Thakkar addressed these questions during the session.

Welcast Steels has scheduled its 54th Annual General Meeting (AGM) for Thursday, September 10, 2026, at 11:00 am. The meeting will be conducted through Video Conference or Other Audio Visual Means (OAVM) in compliance with Ministry of Corporate Affairs and SEBI circulars.

The company notified shareholders that the Notice of AGM and the Annual Report for FY26 are available for download on its website and the BSE Limited portal. Shareholders whose email IDs are registered received these documents electronically, while others will receive a letter with a weblink and QR code via Registered Speed Post.

E-Voting Schedule

Welcast Steels is providing remote e-voting facilities through Central Depository Services (India) Limited (CDSL). The voting window and eligibility criteria are detailed below:

Only shareholders recorded in the register of members or beneficial owners as of the cut-off date are eligible to vote. Members who cast their votes remotely cannot vote again during the AGM, though they may attend the meeting. Those who have not voted remotely can cast their votes during the live session.

Shareholder Instructions

Shareholders holding shares in physical mode are requested to update their email IDs and mobile numbers using Form ISR-1 and Form ISR-2, available on the company’s investor relations page or the Registrar and Share Transfer Agent’s website. Demat holders must coordinate with their respective Depository Participants to register contact details.

For queries regarding the e-voting process, shareholders may refer to the FAQs on the CDSL website or contact the helpdesk at 180021 09911. Grievances related to electronic voting should be directed to Mr. Rakesh Dalvi, AVP at CDSL.