Voting Results and Scrutinizer''s Report of the Postal Ballot
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
SRU Steels Limited got shareholder approval through a postal ballot (remote e-voting) to appoint M/s BMGS & Associates, Chartered Accountants (FRN: 026886N) as the new Statutory Auditor. The appointment fills a casual vacancy caused by the resignation of the previous auditor M/s TCS & Co. for F.Y. 2025-26. Only 81 out of 21,143 shareholders participated, representing 2,83,213 shares (just 0.47% of outstanding shares). The ordinary resolution passed with 90.48% votes in favour (256,246) against 9.52% (26,967). Promoters did not cast any votes in this ballot. The scrutinizer was Vishakha Agrawal of Vishakha Agrawal & Associates, Company Secretaries, Indore.
This is a routine auditor change due to the prior auditor's resignation and does not affect shareholding, operations, or stock price. However, the extremely low voting turnout (0.47% of shares) and zero promoter participation is a notable governance red flag for a BSE-listed company.