Kindly find the attached Notice of 22nd Annual General Meeting for the Financial Year 2024-2025
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Awaiting price reaction for this filing.
Steelman Telecom Ltd has notified BSE (Scrip Code: 543622) about its 22nd Annual General Meeting scheduled for Saturday, 30th August 2025 at 12:00 noon in Kolkata. The AGM will consider four items: (1) adoption of audited standalone and consolidated financial statements for FY ended March 31, 2025; (2) reappointment of Mr. Girish Bindal (DIN-00484979) as Director, who retires by rotation; (3) a special resolution to alter the Main Objects clause of the Memorandum of Association to add vehicle leasing, renting and hiring as a new business activity alongside its existing telecom and EPC services; and (4) a special resolution seeking shareholder approval for material related party transactions for FY 2025-2026, capped at Rs. 100 crores in aggregate. The related party transactions include Rs. 30 crore loan and Rs. 25 crore business transaction with EC Wheels India Pvt Ltd, and Rs. 10 crore loan plus Rs. 10 crore business transaction with EDP Software Limited. E-voting will be conducted via NSDL from 27th to 29th August 2025, with the cut-off date set as 23rd August 2025.
Shareholders should note the company's proposed diversification into vehicle leasing/rental business and the significant Rs. 100 crore related party transaction ceiling for FY26 involving group companies. The reappointment of Girish Bindal (holding 11.59% stake) and the new business direction could influence long-term strategy, while the RPT approval is a standard compliance requirement ahead of FY26 operations.