Submission of Voting Result and Scrutinizers Report for 53rd Annual General Meeting of the company
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Prabhu Steel Industries held its 53rd AGM on September 26, 2025 (9:00 AM to 9:30 AM), where all 4 resolutions were passed with 100% of votes cast in favour and zero votes against. The resolutions covered: (1) adoption of the audited financial statements for FY ended March 31, 2025, (2) re-appointment of Managing Director Dinesh Gangaram Agrawal (DIN: 00291086) via retirement by rotation, (3) re-appointment of Rajesh Singh as Independent Director for a second 5-year term (special resolution), and (4) appointment of M/s Jaymin Modi & Co. as secretarial auditors for up to 5 years. Only 9 shareholders attended in person and voted via poll, casting between 76,700 and 83,700 shares (roughly 11-18% of the 409,805 public non-institutional shareholding); no e-voting was recorded. The promoter group (holding 307,195 of 717,000 total outstanding shares) did not participate in voting at the meeting.
All governance resolutions passed cleanly with no dissent, signalling stable and uncontested management continuity. The very low public participation (~11-18% of public float) and absence of e-voting are typical of small-cap companies and unlikely to move the stock price.