Annual Report for the FY 2024-25 of the Company.
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Bihar Sponge Iron Limited has notified BSE about its 43rd Annual General Meeting scheduled for 25th September 2025 at 3:30 PM through video conferencing. The AGM will consider adopting the audited financial statements for FY 2024-25 and re-appoint Mr. Abhishek Modi as director. A special resolution seeks shareholder approval to continue Mrs. Kumkum Modi as Non-Executive Director after she turns 75 in January 2026. The company is also seeking approval for material related party transactions with G S Pharmbutor Pvt. Ltd., including an inter-corporate loan of up to Rs. 85 crore (23.19% of FY 2024-25 turnover) and sale/purchase of goods worth up to Rs. 5 crore. Other items include appointing Soniya Gupta & Associates as secretarial auditor for five years and ratifying cost auditor remuneration of Rs. 1 lakh.
Shareholders should review the RPT approval request, as it authorizes significant transactions (Rs. 85 crore loan) with a related party that holds shares in a promoter group company. Routine AGM items like director re-appointments and auditor ratifications are standard procedural matters with no material impact expected.