Scrutinizer''s report dated 30th December 2025 has been annexed herewith.
Awaiting price reaction for this filing.
Ashiana Ispat Limited held its 33rd Annual General Meeting on December 29, 2025, via video conferencing, and the Scrutinizer's Report was submitted on December 30, 2025. A total of 78 members attended the meeting (6 promoters/promoter group and 72 public shareholders) out of 3,735 shareholders on the cut-off date. All 8 resolutions were approved with the requisite majority, with 35,85,234 votes polled representing 45.01% of total outstanding shares (79,64,700). Key resolutions included adoption of FY25 audited financial statements, re-appointment of Mr. Naresh Chand (retiring by rotation), regularization of Ms. Darshan as Director, appointment of Mr. Kamal Wadhwani and Ms. Pooja Dhiman as Independent Directors for 5 years each, appointment of Statutory/Secretarial Auditors, and notably post-facto ratification of sale of substantial assets under Section 180(1)(a) of the Companies Act, 2013. Resolution 8 also sought ratification of non-compliance with SEBI (LODR) Regulations 30, 23, and 24, which also passed with 100% approval. Promoter group voted unanimously in favour of all resolutions (33,12,663 shares), while public non-institutional shareholders polled at 5.86% participation with near-unanimous support (Resolution 2 received 99.999% in favour with just 65 dissenting votes).
All resolutions cleared without any meaningful shareholder dissent, indicating broad support for management's decisions including the past asset sale and regularization of prior SEBI LODR non-compliance. Shareholders should note the post-facto approval of a substantial asset sale and ratification of regulatory non-compliance, which could signal past governance lapses now being regularized — these are points worth monitoring going forward.