Sarthak Metals Limited , a player in the steel sector, has officially announced the results of its postal ballot process, with shareholders overwhelmingly approving the company's strategic diversification into biotechnology business and director re-appointment proposals with 99.99% voting support.

Official Postal Ballot Results

The company announced the postal ballot results on December 15, 2025, following the e-voting period that concluded on December 12, 2025. The scrutinizer's report was issued by CA Atul Jain of M/s. Atul Jain & Co., Chartered Accountants, confirming that both special resolutions were passed with requisite majority.

Detailed Voting Outcomes

The e-voting facility was provided by Bigshare Services Private Limited, with the voting period remaining open from November 13, 2025 at 9:00 AM to December 12, 2025 at 5:00 PM.

Strategic Business Diversification Approved

Shareholders have approved the addition to the company's main object clause to include comprehensive biotechnology business activities. The approved diversification encompasses:

New Business Scope

This expansion allows the company to carry on business in India and elsewhere, including marketing, import, export, and dealing in all kinds of biotechnological products and allied products.

Director Re-appointment Confirmed

Shareholders approved the re-appointment of Mr. Sunil Dutt Bhatt (DIN: 09263587) as an Independent Director for a second five-year term, from August 03, 2026 to August 02, 2031.

Director Profile

Mr. Bhatt brings vast experience in the metal and weighment domain, having retired from Bhilai Steel Plant in 2020. The Board of Directors, based on the Nomination Remuneration Committee's recommendation, proposed his re-appointment at their meeting held on November 12, 2025.

Regulatory Compliance and Process

The postal ballot was conducted in compliance with Regulation 30 and 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and pursuant to Sections 108 and 110 of the Companies Act, 2013. The cut-off date for determining eligible shareholders was November 07, 2025, with notices sent via email to members whose email addresses were available with the company.

Market Implications

With overwhelming shareholder approval secured at 99.99% for both resolutions, Sarthak Metals can now proceed with its strategic diversification beyond the traditional steel sector. This diversification into biotechnology could open new revenue streams and position the company in the growing biotechnology sector while maintaining its established metal business operations. The strong shareholder confidence demonstrates support for the company's strategic direction toward sustainable and biology-driven industrial systems.

Sarthak Metals Limited (SML) has announced the resignation of its Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), Anirudh Singhal. The company disclosed this information in a regulatory filing to the BSE and NSE on August 16, 2025.

Resignation Details

Anirudh Singhal will be relieved from his duties at the close of business hours on July 31, 2025. The company stated that there were no material reasons provided for his resignation.

Disclosure Process

Sarthak Metals explained that the initial disclosure delay was due to receiving only an email notification without an attached formal resignation letter. The company has since provided a PDF copy of the email as part of their regulatory filing.

Company's Statement

In its filing, Sarthak Metals expressed appreciation for Singhal's services, stating, "The Company places on record its deep sense of appreciation for the services rendered by Mr. Anirudh Singhal and for his contribution during his tenure as the CFO."

CFO's Parting Words

In his resignation email, Singhal wrote, "I am grateful for the exposure provided by SML and happy to be part of SML's incredible journey. Best of luck to the team in all future endeavors."

Regulatory Compliance

The company's disclosure adheres to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the recent SEBI circular dated November 11, 2024.

Sarthak Metals Limited will now be in the process of finding a suitable replacement for the CFO position. The company has not yet announced any plans for Singhal's successor.