Summary of proceedings of the 17th Annual General Meeting of the Company held on 17th September, 2025.
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Shree Precoated Steels Ltd held its 17th AGM on 17th September 2025 via video conferencing, lasting 35 minutes (12:00 p.m. to 12:35 p.m.) with 62 members attending to form the quorum. Five resolutions were transacted: (1) adoption of audited financial statements for FY ended 31st March 2025, (2) re-appointment of Mr. Nilesh Sarvaiya as Director (retiring by rotation), (3) appointment of Mrs. Shreya Shah as Secretarial Auditor, (4) revision in remuneration of Managing Director Mr. Harsh Mehta (Special Resolution), and (5) re-appointment of Mr. Harsh Mehta as Managing Director for another five years from 24th May 2026 to 23rd May 2031 (Special Resolution). The Statutory Auditor's Report had no qualifications, though the Secretarial Auditor's Report contained observations, which were addressed in the Directors' Report. Voting results are to be declared within two working days via e-voting through NSDL.
The AGM ran smoothly with all key business items passed, including a notable hike in MD remuneration and a fresh five-year term for Mr. Harsh Mehta as Managing Director, which signals board continuity and confidence in the existing leadership. Voting results will be the next trigger for shareholders to watch.