Outcome of the 30th Annual General Meeting held on 25th September, 2025.
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SRU Steels Limited held its 30th Annual General Meeting on September 25, 2025, via video conferencing from 12:00 PM to 12:17 PM. Members approved five resolutions, including the adoption of audited financial statements for the financial year ended March 31, 2025, and the re-appointment of Mr. Manish Manojbhai Rathod (DIN: 11021716) as a Director liable to retire by rotation. Both the Statutory Auditor and Secretarial Auditor were appointed with their remuneration fixed. A key special resolution was passed to raise the combined limit on shareholding by all registered FPIs/FIIs to 49% of the company's paid-up equity share capital. All resolutions passed with the requisite majority or special majority as required.
The increase in FPI/FII holding limit to 49% may attract more foreign institutional investors, potentially improving stock liquidity and demand. Routine items like financial adoption and auditor appointments indicate standard governance with no material surprises for shareholders.