With reference to SEBI Listing Regulations 2015, please find enclosed the voting results along with scrutinizer''s Report thereon w.r.t 64th Annual General Meeting of the Company held on ....
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Bajaj Steel Industries Ltd has disclosed the voting results of its 64th AGM held on September 3, 2025, along with the scrutinizer's report. All 9 resolutions were passed with requisite majority, with 11,708,028 total votes cast across 49 folios. Key approvals included adoption of FY25 audited standalone and consolidated financial statements, declaration of a final dividend of Re. 1 per equity share, re-appointment of Shri Sunil Bajaj as Director, ratification of Cost Auditor remuneration, and appointment of M/s Siddharth Sipani & Associates as Secretarial Auditors for 5 years (FY 2025-26 to 2029-30). Shareholders also approved remuneration for Chairman & MD Rohit Bajaj, Executive Director Sunil Bajaj, and Whole Time Director Dr. Mahendra Kumar Sharma under Schedule V, and appointed Shri Mayank Bhandari as Independent Director for 2 years. Director remuneration resolutions received 99.85% approval, while all other resolutions received nearly 100% support.
Routine AGM outcome with all resolutions passing comfortably — no negative surprises for shareholders. The Re. 1 dividend is modest, and the approval of director remuneration under Schedule V suggests the company is preparing for potential inadequacy of profits, which is worth monitoring. No material governance red flags as all votes passed by wide margins.