The Annual General Meeting of the Company was held today i.e. Tuesday, September 30, 2025 at 10:00 a.m. IST through Video Conferencing/ Other Audio Visual Means. We enclose herewith the ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Inducto Steel Limited held its 37th AGM on September 30, 2025, via Video Conferencing. A total of 24,17,847 votes were polled, representing 60.19% of the total outstanding shares of 40,17,254. Of the votes cast, 23,68,776 (97.97%) were in favour and 49,071 (2.03%) were against all resolutions. The promoter group (holding 27,84,774 shares) voted entirely in favour, while public institutions showed near-unanimous opposition with 96.99% voting against. All resolutions, including adoption of financial statements and director re-appointment, were passed with the requisite majority. The scrutinizer, Dilip Bharadiya & Associates, confirmed the e-voting process was conducted fairly and transparently.
All resolutions were passed comfortably due to strong promoter support, but the near-total opposition from public institutions (96.99% against) signals significant institutional dissatisfaction with the company or its management. This dissent, though overshadowed by promoter voting power, is a noteworthy negative signal for retail investors.