Submission of Scrutinizers'' Report and Voting Results on remote e-voting and e-voting at the 52nd Annual General Meeting of the Company.
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Panchmahal Steel held its 52nd AGM on 22 September 2025 via video conferencing, where all 5 resolutions were approved by shareholders with near-unanimous support (99.99997% in favour, only 5 votes against). Key items passed include adoption of FY25 audited financial statements, declaration of a dividend of Rs. 3 per share (30%) on equity shares of Rs. 10 face value, re-appointment of Mr. Kalpesh J. Parmar as a director retiring by rotation, appointment of CS Niraj Trivedi as Secretarial Auditor, and ratification of remuneration for M/s Kiran J. Mehta & Co. as Cost Auditor for FY26. Of 2,667 shareholders on the record date, 3 promoters and 32 public shareholders attended via VC. Total voting turnout was 83.63% of outstanding shares (1,59,54,583 votes out of 1,90,78,329 shares).
Shareholders can expect the approved Rs. 3 per share dividend to be paid for FY25. The clean passage of all resolutions with virtually no dissent signals stable governance and continuity in management.