Newspaper Publication of Notice of Postal Ballot
Awaiting price reaction for this filing.
Mideast Integrated Steels Limited (MESCO Steel) has published a newspaper advertisement confirming the dispatch of its Postal Ballot Notice to shareholders. The postal ballot seeks shareholder approval through a Special Resolution for the appointment of Mr. Harsh Kumar (DIN 00145653) as a Non-Executive, Independent Director of the Company for a five-year term, from May 30, 2025 to May 29, 2030. Mr. Kumar was initially appointed as an Additional Director by the Board on May 30, 2025, and his appointment now requires shareholder ratification. Remote e-voting will commence on Wednesday, July 23, 2025 at 9:00 a.m. IST and conclude on Thursday, August 21, 2025 at 5:00 p.m. IST. Ms. Tripti Shakya, Practicing Company Secretary, has been appointed as the Scrutinizer to oversee the e-voting process in a fair and transparent manner.
This is a routine corporate governance action requiring shareholder approval for a board-level appointment. Existing shareholders should participate in the e-voting between July 23 and August 21, 2025. The outcome is unlikely to materially affect the stock price as it concerns a standard independent director appointment.