The Outcome of resolutions passed by Postal Ballot is enclosed.
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Steelco Gujarat Limited has announced the results of its Postal Ballot conducted via remote e-voting from April 13 to May 12, 2026. Three resolutions were passed with overwhelming shareholder approval of 99.88%. The resolutions included the appointment of Mr. Shankar Bharadhwaj as a Director (nominee of Vistra ITCL India Limited, the Debenture Trustee), appointment of Mr. Subir Kumar Chowdhury as Independent Director, and appointment of Mr. Deepak Sharma as Executive Director liable to retire by rotation. All three resolutions were approved with only 5,738 votes (0.12%) against out of 47,06,001 total valid votes. No invalid votes were recorded. The Scrutinizer, CS Devesh Pathak, verified the results.
All three board appointments were approved with near-unanimous shareholder support, indicating strong confidence in the new leadership. The appointment of a Debenture Trustee nominee as Director suggests closer monitoring or alignment with lenders.