Notice of Annual General Meeting to be held on 17th September, 2025
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Shree Precoated Steels Ltd has notified the BSE about its 17th Annual General Meeting scheduled for Wednesday, 17th September, 2025 at 12:00 PM IST, to be held entirely through video conferencing. Shareholders will vote on adopting the audited financial statements for FY ended 31st March, 2025 and re-appointing Mr. Nilesh H. Sarvaiya (Non-Executive Director), who retires by rotation. A special resolution proposes appointing Mrs. Shreya Shah, Practicing Company Secretary, as the Secretarial Auditor for a five-year term from FY 2025-26 to FY 2029-30. Two further special resolutions seek approval to revise the remuneration of Managing Director Mr. Harsh L. Mehta (effective 1st April 2025) — with a basic salary scale of ₹1,00,000–₹5,00,000 per month and perquisites capped at 40% of annual salary — and to re-appoint him as Managing Director for another five years from 24th May 2026 to 23rd May 2031. Remote e-voting opens on 14th September and closes on 16th September, 2025, with the cut-off date set as 10th September, 2025.
This is largely a routine AGM notice, but shareholders should pay attention to two significant items: the 5-year re-appointment of the Managing Director and the upward revision in his remuneration. Voting outcomes will shape the company's leadership continuity and executive compensation over the next five years, while the new secretarial auditor appointment signals standard governance housekeeping.