Announced Mon, 31 Aug · 12:12 IST
38th AGM notice on Sep 25, 2026; key items include borrowings up to Rs 900 cr
MAHASTEEL · price
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Price reaction · full curve 14 horizons · vs prior close
+5.3%1-day move
₹1329.10
prior close
₹1370.00
base price
In-mkt
timing
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AI summary
Mahamaya Steel has called its 38th AGM on Sep 25, 2026 via video conferencing. E-voting runs Sep 22-24, cut-off Sep 18. Key resolutions: adopt FY26 results, appoint Chopra A J as statutory auditor for 5 years, re-appoint Independent Director Vanitha Rangaiah, raise borrowing limit to Rs 900 cr under Section 180(1)(c), and approve related party transactions up to Rs 335 cr including loans for a solar power project.
Likely market impact
Major capital and borrowing proposals; shareholders should review the Rs 900 cr borrowing limit and related party transactions carefully before voting.