Outcome of the Board Meeting -Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations')- Fixed the date of the Thirty-Second ....
SCANSTL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Scan Steels' Board met on September 1, 2025 and fixed September 26, 2025 (10:30 a.m.) as the date for its 32nd Annual General Meeting, to be held via video conferencing. The Board approved the AGM notice along with e-voting arrangements, with the book closure period set from September 20 to September 26, 2025, and remote e-voting open from September 23 to September 25, 2025. The Directors' Report, Management Discussion & Analysis, Corporate Governance Report, Secretarial Audit Report, and Cost Audit Report (by M/s Ray Nayak and Associates) for FY 2024-25 were all approved. Sitting fees for Independent (Non-Executive) Directors were revised upward from ₹1,000 to ₹4,000 per meeting (a 4x increase), effective September 26, 2025. No dividend was declared.
This is largely a routine, governance-related filing setting up the AGM — unlikely to move the stock. The notable item is the 4x jump in sitting fees for Independent Directors, which is a small administrative cost increase but signals better compensation alignment for independent oversight. No dividend means shareholders won't receive any payout from FY25 results via this route.