All 6 resolutions at 40th AGM passed with 99.99% majority

Board & Shareholder Meetings View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-5.3%Reaction day

₹57.00

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-1.3%-4.0% vs market

Iron & Steel Products peers, median of 106sector-1.9%-3.4% vs sector

On the reaction day the stock moved 4.0 pts less than Nifty Microcap 250 and 3.4 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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-5.3-1.3-4.0-1.9-3.4

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-5.9-1.3-4.6-2.7-3.3

-7.0+0.0-7.0-1.2-5.8

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-3.5-1.7-1.8-2.8-0.7

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-1.8-8.9+7.1-11.1+9.4

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UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 106Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

40th AGM held on 30 September 2026 via video conferencing. All 6 resolutions approved with 99.99% votes in favor (4,52,614 of 4,52,675 votes). Resolutions include adoption of FY26 audited financials, re-appointment of Mr. Manhar Modi as director, approval for Mr. Manhar Modi and Mrs. Nandini Modi to hold office or place of profit, and adoption of new Memorandum and Articles of Association. Only 61 dissenting votes across all resolutions.

Likely market impact

Routine AGM business cleared with overwhelming shareholder support. No material governance concerns raised. Modi family retains board and advisory roles.