Prabhu steel industries Limited held a separate meeting of Independent Directors on March 06, 2026, fulfilling its corporate governance obligations under regulatory requirements. The company has notified both BSE Limited and The Calcutta Stock Exchange Association Limited about the meeting outcomes as per Regulation 30 compliance.

Meeting Details and Duration

The Independent Directors meeting was conducted on Friday, March 06, 2026, with specific timing parameters established for the proceedings.

Key Agenda Items Reviewed

The Independent Directors addressed three primary areas of evaluation during their separate meeting, focusing on comprehensive board performance assessment.

The meeting agenda encompassed:

• Review of performance of Non-Independent Directors and the Board as a whole
• Evaluation of the Chairperson's performance, incorporating views from both executive and non-executive directors
• Assessment of quality, quantity and timeliness of information flow between company management and the Board

Regulatory Compliance and Communication

Prabhu Steel Industries Limited has maintained transparency in its corporate governance practices by promptly informing relevant stock exchanges about the meeting outcomes. The company communicated with BSE Limited (Scrip Code: 506042) and The Calcutta Stock Exchange Association Limited (Scrip Code: 026117) regarding the Independent Directors meeting results.

Mr. Pramod Dnyaneshwar Kale, Independent Director with DIN: 08336145, signed the communication on behalf of the company, ensuring proper authorization and documentation of the meeting outcomes for regulatory records.

Prabhu Steel Industries Limited's board of directors held a significant meeting on February 28, 2026, approving multiple corporate resolutions and scheduling an Extra Ordinary General Meeting to seek shareholder approval for key business decisions.

Board Resolutions and Corporate Actions

The board meeting, which commenced at 10:00 A.M. and concluded at 11:00 A.M., addressed several important matters pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The directors considered and approved a special resolution to increase the limits for loans and investments by the company under Section 186 and other applicable provisions of the Companies Act, 2013.

Director Remuneration Revision

Following the recommendation of the Nomination and Remuneration Committee, the board approved a significant revision in the remuneration structure for Mr. Harish Agrawal, Non-Executive Non-Independent Director. The key details of this revision are:

Extra Ordinary General Meeting Schedule

The board has scheduled an Extra Ordinary General Meeting to seek shareholder approval for the proposed resolutions. The meeting logistics have been finalized as follows:

E-Voting Arrangements

To facilitate shareholder participation, the board has established a comprehensive e-voting framework. The cut-off date has been determined to establish voting rights entitlement for members participating in both e-voting and the physical meeting. The e-voting period has been scheduled from Friday, March 20, 2026, to Monday, March 23, 2026, providing shareholders with adequate time to cast their votes electronically.

Meeting Administration

The board has appointed M/S Jaymin Modi & Co as the scrutinizer for the Extra Ordinary General Meeting scheduled for March 24, 2026. The company has also approved the calendar of events for the EOGM, ensuring proper compliance with regulatory requirements and shareholder communication protocols. These decisions reflect the company's commitment to maintaining transparent corporate governance practices while pursuing strategic business expansion through enhanced investment capabilities.