Voting Results of the AGM of the Company
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SRU Steels Limited held its 30th AGM on 25th September 2025 via video conferencing, and all five resolutions were approved by shareholders. Only 48 public shareholders attended the meeting through VC, with no promoter attendance recorded. Out of 20,854 total shareholders holding 5.99 crore shares, only 1,57,860 votes (0.263% of outstanding shares) were polled, with roughly 90.2% in favour and 9.8% against each resolution. The approved items included adoption of FY25 audited financials, re-appointment of Mr. Manish Manojbhai Rathod as director (retiring by rotation), appointment of T C S & Co. as statutory auditors for five years till FY 2029-30, and appointment of M/s Vishakha Agrawal & Associates as secretarial auditors for five years.
The key shareholder-relevant outcome is the passing of the special resolution to raise the FPI/FII investment limit to 49% of paid-up equity share capital, which could open the door to higher foreign institutional participation. However, the extremely low voting turnout (0.263%) and the fact that no promoter shares appear to have voted suggests limited governance engagement, which investors should note.