Voting Results of the Annual General Meeting of the Company held on 16 08 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
India Steel Works Limited held its 38th AGM on August 16, 2025 via video conferencing, with 43 shareholders attending (14 promoter group, 29 public). A total of 66,704 shareholders were on the record date. Out of 12 resolutions put to vote, 11 were passed with requisite majority. Ordinary resolutions included adoption of FY25 audited financial statements (99.99% in favour), declaration of 0.01% dividend on preference share capital (100% in favour), re-appointment of Mrs. Priyanka V. Gupta (99.07% in favour, promoter votes excluded as interested), appointment of secretarial auditor (99.99%), and ratification of cost auditor remuneration (99.99%). Special resolutions included change of company name, alteration of Articles of Association to enable convertible loans/debentures, recalling of resolutions passed at the December 2024 EGM on fund-raising and authorised capital, increase in borrowing limits beyond paid-up capital and free reserves, enabling loan conversion to equity under Section 62(3), and approval of a strategic partnership for real estate development of company land. All special resolutions passed with over 99.99% approval.
Shareholders have approved several significant corporate actions including a potential name change, expanded borrowing powers, convertible loan options, and a real estate development partnership, which could materially reshape the company's business direction and capital structure. The clean passing of all resolutions with near-unanimous support signals strong shareholder confidence in management's strategic plans.