Scoda Tubes Limited has informed the Exchange regarding Proceedings of 17th Annual General Meeting held on September 29, 2025
SCODATUBES · price
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Awaiting price reaction for this filing.
Scoda Tubes Limited held its 17th Annual General Meeting on September 29, 2025, via video conferencing on Zoom, from 3:00 PM to 3:43 PM IST. This was the company's first AGM since listing on BSE and NSE, with Chairman Mr. Samarth Bharatbhai Patel presiding. Five business items were transacted: adoption of FY2024-25 audited financial statements, re-appointment of Managing Director Mr. Jagrutkumar Rameshbhai Patel via retirement by rotation, appointment of M/s. ALAP & CO LLP as Secretarial Auditors for five years (FY2025-26 to FY2029-30), change in designation and appointment of Mr. Saurabh Amrutbhai Patel as Executive Director for five years effective August 30, 2025, and ratification of Cost Auditor remuneration for FY2025-26. The Chairman highlighted FY2024-25 as a remarkable year, with the company successfully navigating its IPO process. He noted the company is a fully integrated stainless steel tubes and pipes manufacturer with exports to 14 countries and a Rs. 100 crore capex plan, largely funded by IPO proceeds, to nearly triple production capacity. Statutory and Secretarial Auditor reports contained no qualifications. E-voting results will be declared within 48 hours.
Routine procedural filing confirming successful completion of the first AGM post-listing with all five resolutions put to vote. The mention of a Rs. 100 crore capex plan to nearly triple capacity and IPO-funded expansion signals growth ambition, but actual impact depends on the voting results to be declared shortly.