With reference to Regulation 30 of SEBI Listing Regulation, 2015, please find enclosed the summary of the proceedings of 64th Annual General Meeting of Bajaj Steel Industries Limited, which ....
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Bajaj Steel Industries held its 64th AGM on September 3, 2025, in physical mode at Nagpur from 4:05 PM to 4:45 PM, with 8 directors in attendance (5 physical, 2 via video conferencing). Shareholders approved the audited standalone and consolidated financial statements for FY ending March 31, 2025, and declared a final dividend of Rs. 1 per equity share. Shri Sunil Bajaj was re-appointed as a director retiring by rotation. Members approved the ratification of the Cost Auditor's remuneration and appointed M/s Siddharth Sipani & Associates as new Secretarial Auditors for a 5-year term (FY 2025-26 to 2029-30). Remuneration for CMD Rohit Bajaj, Executive Director Sunil Bajaj, and Whole Time Director Dr. M.K. Sharma was approved under Schedule V, covering situations of loss or inadequate profits. Shri Mayank Bhandari was appointed as an Independent Director for 2 years from July 23, 2025.
The AGM was routine with standard approvals — dividend declaration of Rs. 1 per share is modest. The Schedule V remuneration approvals suggest the company is preparing for possible periods of inadequate profits or losses. Director re-appointments and new appointments indicate continuity in leadership with some board refresh.