Shyam Century Ferrous Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 23, 2025
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Shyam Century Ferrous Limited held its 14th AGM on September 23, 2025, via video conferencing from 2:00 PM to 2:45 PM. All 9 resolutions were passed with overwhelming shareholder support, with each resolution receiving over 99.9% votes in favour. A total of 220 members cast votes representing approximately 13.63 crore shares (about 64.26% of total paid-up shares). Key approvals included adoption of FY25 audited financial statements, re-appointment of Mr. Aditya Vimalkumar Agarwal as a director, appointment of Mr. Ghanshyam Agarwal as Non-Executive Director, and re-appointment of Mr. Nirmalya Bhattacharyya as Independent Director for a second 5-year term (April 2026 to March 2031). The AGM also approved the appointment of MKB & Associates as Secretarial Auditors for 5 years and ratification of Cost Auditor remuneration. Raj Kumar Banthia of MKB & Associates served as the scrutinizer.
All resolutions passed with near-unanimous support (over 99.9% in favour on every item), signalling broad shareholder confidence in management decisions. Notably, the promoter group recused from voting on three related-party transaction resolutions — with Star Cement Limited (up to Rs 20 crore), Star Smart Building Solutions (up to Rs 10 crore), and Star Cement North East (up to Rs 10 crore) — yet independent shareholders approved them with 99.94% support, suggesting investor comfort with these group-level arrangements.