In continuation of our earlier intimation dated 17/09/2025, pursuant to Regulation 44(3) of SEBI (LODR) Regulations, 2015, the Voting Result of 33rd AGM of the Company held on 17/09/2025 are enclosed.
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Nova Iron & Steel Ltd held its 33rd AGM on 17 September 2025 via video conferencing, and all 7 resolutions in the notice were passed with the requisite majority. Out of 1,55,859 shareholders on record, 68 attended through VC (10 promoter group and 58 public). A total of 1,73,36,534 shares (47.97% of the 3,61,39,488 outstanding shares) were polled, with promoters voting 1,59,54,675 shares (99.97% of promoter holding) almost entirely in favor. Key resolutions included adoption of FY25 audited financial statements, re-appointment of rotational director Mr. Hardev Chand Verma, appointment of Mr. Suraj Prakash Choudhary as Independent Director, ratification of Cost Auditors' remuneration for FY26, appointment of the Secretarial Auditor, revision of remuneration for Whole Time Director Mr. Dinesh Kumar Yadav, and approval under Section 180(1)(a) of the Companies Act (relating to disposal of the company's undertaking/assets). All resolutions secured over 99.99% support, with negligible votes against.
Routine approval with near-unanimous shareholder support, reflecting smooth governance and no meaningful dissent. The Section 180(1)(a) clearance is the most material item, as it grants the board authority to sell, lease or otherwise dispose of the company's undertaking — a decision worth tracking closely. The WTD remuneration revision (Resolution 6) was also passed with 99.98% support, though it drew the relatively highest public dissent (246 shares against).