Outcome of the Board Meeting.
SCANSTL · price
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Scan Steels' board met on September 1, 2025 and finalised key items ahead of its 32nd Annual General Meeting (AGM). The AGM has been scheduled for Friday, September 26, 2025, at 10:30 a.m., to be held via video conferencing. The board fixed the book closure period from September 20 to September 26, 2025, and set September 19, 2025 as the cut-off date for e-voting eligibility. The remote e-voting window will run from September 23 (9:00 a.m.) to September 25 (5:00 p.m.). The board also approved the Directors' Report, Management Discussion and Analysis Report, Corporate Governance Report, Secretarial Audit Report, and Cost Audit Report for FY2024-25. Sitting fees for Independent Directors were increased from ₹1,000 to ₹4,000 per meeting, effective September 26, 2025. No dividend was declared.
Mostly routine AGM-related housekeeping with no material business decision or dividend announcement, so limited impact on share price. Shareholders should note the September 20-26 book closure (no trading during this period) and the new e-voting timeline. The 4x increase in Independent Director sitting fees is small in absolute terms.