Steelcast Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on July 31, 2025. Further, the company has informed the Exchange regarding voting results.
STEELCAS · price
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Steelcast Limited held its 54th AGM on July 31, 2025 via video conferencing, where all 10 resolutions were passed. Out of 20,240,000 outstanding shares, 9,576,625 votes (47.32%) were polled, with promoters (holding 9,108,000 shares) voting entirely in favour. Key items approved include the adoption of FY25 audited financial statements, confirmation of three interim dividends plus a final dividend for FY25, appointment of M/s. Ravi Karia & Associates as statutory auditors for five years, and re-appointment of M/s. D.G. Bhimani & Associates as secretarial auditor for five years. Shareholders also approved a stock split (sub-division) reducing face value from Rs. 5 to Re. 1 per share, along with the consequential alteration of the capital clause in the MOA. The re-appointment of directors Mrs. Vidhi S Merchant and Mr. Rushil C Tamboli (retiring by rotation) and Independent Director Mr. Hemantbhai D Dholakia (second term of 5 years) also passed, though resolutions 4 and 8 saw 53,002 votes against them (99.45% in favour).
For shareholders, the key takeaway is the approved stock split (Rs. 5 to Re. 1 face value), which will increase the number of shares fivefold while proportionally reducing the per-share price, improving liquidity and affordability. Dividend confirmation reinforces consistent shareholder returns. All key resolutions passed with strong support, signalling stable governance with no material shareholder dissent.