Mahamaya Steel Industries Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 25, 2025
MAHASTEEL · price
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Mahamaya Steel Industries held its 37th Annual General Meeting on September 25, 2025, at 12:00 noon via video conferencing. 47 members attended the meeting, which was chaired by Managing Director Mr. Rajesh Agrawal and concluded in just 38 minutes. The company had already provided remote e-voting from September 22 to September 24, 2025. Eleven resolutions were transacted, including adoption of audited standalone and consolidated financial statements for FY ending March 31, 2025, re-appointment of Mr. Rajesh Agrawal as Managing Director, appointment of Mrs. Rekha Agarwal as Non-Executive Director, and ratification of cost auditors' remuneration. Other key items included approval to raise borrowing limits under Section 180(1)(c), permission to create mortgages or charges on company assets, increased thresholds for loans and investments under Section 186, approval to advance loans under Section 185, and approval of related party transactions. The voting results are expected to be declared and submitted to the stock exchanges within 48 hours of the meeting's conclusion.
This is a procedural disclosure with no immediate price impact, but shareholders should watch for the voting results due within 48 hours. The approval of higher borrowing limits and related party transactions suggests the company may be planning expansion or increased financial activity going forward.