Notice of 43rd AGM and Annual Report for the FY 2024-25 of the Company .
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Awaiting price reaction for this filing.
Bihar Sponge Iron Limited has called its 43rd Annual General Meeting on 25th September 2025 at 3:30 PM via video conferencing, along with the Annual Report for FY 2024-25. Shareholders will consider adoption of audited financial statements for the year ended 31st March 2025, re-appointment of Mr. Abhishek Modi (DIN: 00002798) who retires by rotation, and a Special Resolution to continue Mrs. Kumkum Modi as Non-Executive Director beyond her attaining age 75 in January 2026. An Ordinary Resolution seeks approval for material related party transactions with G S Pharmbutor Pvt. Ltd., including inter-corporate loans up to Rs. 85 crore (about 23.19% of FY25 turnover) plus sale/purchase transactions up to Rs. 5 crore, valid from October 2025 to September 2026. The AGM also proposes appointing M/s. Soniya Gupta & Associates as Secretarial Auditor for five years and ratifying Rs. 1 lakh remuneration for Cost Auditors M.K. Singhal & Co. for FY26.
The Rs. 85 crore related-party ICD with G S Pharmbutor is a sizeable transaction (~23% of FY25 turnover) and will draw attention of minority shareholders; voting outcome on continuity of Mrs. Kumkum Modi and approval of the MRPT are the items to watch. Routine items like financial statement adoption and auditor appointments are unlikely to move the stock unless surprise concerns are raised.