MSP Steel & Power Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 25, 2025.
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MSP Steel & Power held its 56th Annual General Meeting on September 25, 2025, at 3:00 PM via video conferencing, with 49 members in attendance. All nine resolutions on the agenda were passed with the requisite majority through remote e-voting. These included adoption of the FY25 audited financial statements, re-appointment of director Pradip Kumar Dey, ratification of the cost auditor's remuneration, and appointment of M/s. Bajaj Todi & Associates as secretarial auditor. Shareholders also approved (via special resolutions) remuneration for Chairman Suresh Kumar Agrawal, Managing Director Saket Agrawal, and Joint Managing Director Manish Agrawal, along with an overall managerial remuneration ceiling. The CFO noted that the statutory and secretarial auditor reports carried no qualifications or adverse remarks. Management discussed the financial restructuring undertaken, reversal of earlier MAT credit, payment under the CDR (Corporate Debt Restructuring) package, a change in tax regime, and digitalization initiatives. Consolidated voting results are to be filed separately.
Routine procedural filing confirming shareholder approval of all AGM items, including executive remuneration and related party transactions. The clean audit reports and completion of CDR payments are positive signals on financial health, but no new price-sensitive information is disclosed in this proceedings summary.