Proceedings of the 26th Annual General Meeting (AGM) of the Company held on Tuesday, September 30, 2025.
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Shah Metacorp held its 26th AGM on September 30, 2025 via video conferencing from 11:30 AM to 11:57 AM. The meeting was chaired by Executive Director Mahendra Shukla after Chairperson Mona Shah recused herself due to her interest in certain agenda items. CEO Viral Shah briefed shareholders on the company's financial performance for FY 2024-25 and the outlook for the steel sector. A total of 15 resolutions were put to e-vote, covering adoption of FY25 audited financial statements, re-appointment of a director, increase in authorised share capital with MOA amendment, appointment of a new secretarial auditor for five years, and ratification of the cost auditor's remuneration. Several resolutions sought shareholder approval for loans under Section 185 and material related-party transactions with entities including promoter Mona Shah, Shah Agrocorp, Sampati Securities, Western Urja, Gyscoal Enterprises, and others. Remote e-voting was open from September 26-29, and the scrutiniser M/s K Jatin & Co. was appointed to oversee voting, with results to be filed within two working days.
Shareholders should watch for the voting results, especially on the increase in authorised share capital (which could enable future fundraising or stock split) and the multiple large related-party transactions, which are material to the company's governance and cash flows.