SRU Steels Limited has successfully concluded its postal ballot process, with shareholders approving four key director appointments that will reshape the company's board composition. The voting concluded on January 29, 2026, with all proposed resolutions receiving the required majority support from participating shareholders.

Postal Ballot Overview

The postal ballot process was conducted exclusively through remote e-voting, with the record date set as December 26, 2025. The company's 20725 shareholders were eligible to participate, with voting notices distributed electronically on December 29, 2025.

Approved Director Appointments

Shareholders approved four director appointments through a combination of ordinary and special resolutions. The appointments demonstrate strong shareholder confidence in the proposed board composition.

Voting Results Analysis

The voting results revealed varying levels of shareholder support across the four resolutions. The appointment of Akhil Arora as Managing Director and Meenu Jain as Independent Director received the strongest support, while the appointments of Anand Singh and Naveen Sharma faced relatively higher opposition.

Resolution 1 & 3 Results (Managing Director and Independent Director - Meenu Jain)

Resolution 2 & 4 Results (Non-Executive Directors)

Scrutinizer Certification

Vishakha Agrawal & Associates, the appointed scrutinizer, certified the validity of all voting results. The scrutinizer's report confirmed that all resolutions were passed with the requisite majority as mandated under the Companies Act, 2013. The voting process was conducted through Central Depository Services Limited (CDSL) as the authorized e-voting agency.

Board Strengthening Initiative

The successful approval of these appointments represents a significant step in SRU Steels' board strengthening initiative. Akhil Arora's appointment as Executive Managing Director for a five-year term from November 13, 2025, to November 12, 2030, provides leadership continuity. The addition of independent directors Meenu Jain and Naveen Sharma enhances board independence and governance standards.

The company's shareholders demonstrated confidence in the proposed board composition, with all resolutions receiving the necessary approval despite varying levels of support across different appointments.

SRU Steels Limited has completed the dispatch of its postal ballot notice for e-voting on key director appointments. The company announced on December 29, 2025, that it has sent the notice to all eligible shareholders for seeking approval through electronic voting.

E-Voting Schedule and Process

The company has engaged Central Depository Services (India) Limited (CDSL) to provide the e-voting facility. The e-voting process follows a structured timeline:

Director Appointments for Approval

Shareholders will vote on four key appointments that were previously approved by the Board of Directors:

Executive Leadership

• Mr. Akhil Arora (DIN: 11329665) - Appointment as Executive Managing Director for a five-year term from November 13, 2025, to November 12, 2030, with annual remuneration of ₹6.00 lakh

Non-Executive Directors

• Mr. Anand Singh (DIN: 11329642) - Appointment as Non-Executive Non-Independent Director (appointed as Additional Director on October 29, 2025)
• Mrs. Meenu Jain (DIN: 07072779) - Appointment as Non-Executive Independent Director (appointed as Additional Director on October 13, 2025)
• Mr. Naveen Sharma (DIN: 10659785) - Appointment as Non-Executive Independent Director (appointed as Additional Director on October 13, 2025)

Board Committee Structure

Following the leadership changes announced in November 2025, the company has reconstituted its key board committees with Mr. Naveen Sharma as chairperson and Mr. Anand Singh and Mrs. Meenu Jain as members across all committees:

Financial Performance Context

The postal ballot comes after the company reported significant improvement in its financial performance for the half-year ended September 30, 2025, with net profit before tax of ₹91.18 crore compared to a loss of ₹169.45 crore in the previous year.

Shareholder Participation

The postal ballot notice has been dispatched electronically to shareholders whose email addresses are registered with the company or depository participants. Shareholders holding shares as of the cut-off date of December 26, 2025, are eligible to participate in the e-voting process. The scrutinizer will announce results within two working days after the e-voting period concludes.