STEEL EXCHANGE INDIA LIMITED has informed the Exchange regarding Proceedings of 26th Annual General Meeting held on September 29, 2025
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Steel Exchange India Limited held its 26th Annual General Meeting on September 29, 2025, via video conferencing, with 81 members in attendance. Six resolutions were transacted, including adoption of the audited financial statements for FY ended March 31, 2025, re-appointment of Mr. Mohit Sai Kumar Bandi as director, ratification of cost auditors' remuneration for FY26, appointment of M/s B S S & Associates as secretarial auditors for a 5-year term, re-appointment of Mr. Bandi Suresh Kumar as Joint Managing Director, and alteration of the Object Clause of the Memorandum of Association. The statutory auditors issued an unqualified audit report, while the secretarial auditors' report carried certain observations which the Board addressed. Remote e-voting was held from September 26 to 28, 2025, and consolidated voting results will be shared with the exchanges within the prescribed timeline.
This is a routine AGM compliance filing with no negative surprises — the unqualified audit report is reassuring, while the proposed alteration of the Object Clause hints at a possible expansion or shift in business focus that investors should monitor. The re-appointment of leadership ensures management continuity in the near term.