Outcome of 33rd Annual General Meeting of Ashiana Ispat Limited
Awaiting price reaction for this filing.
Ashiana Ispat Limited held its 33rd AGM on December 29, 2025, via Video Conferencing, attended by 78 members (6 from promoter group and 72 from public). Shareholders considered adoption of FY25 standalone financial statements and re-appointment of Mr. Naresh Chand as Director, who retires by rotation. Three special resolutions were tabled: appointment of M/s C Gaur & Associates as Secretarial Auditors, regularization of Ms. Darshan as Director, and appointment of Mr. Kamal Wadhwani and Ms. Pooja Dhiman as Independent Directors for 5-year terms. Notably, two ordinary/special resolutions sought ratification of past non-compliance with SEBI LODR Regulations (Regulation 30, 23 & 24) and post-facto approval for sale of substantial assets under Section 180(1)(a) of the Companies Act. Voting was conducted electronically via MUFG Intime, with results to be declared within 2 working days.
The AGM proceedings are largely procedural, but two items warrant caution: shareholders were asked to ratify prior non-compliance with SEBI listing rules and approve a past sale of substantial assets after the fact, which signals past lapses in regulatory adherence. Voting results on these resolutions and the new independent director appointments will be key to watch over the next two working days.