Please find the attached Outcome of EGM
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Steelman Telecom Ltd held its 1st EGM of FY 2025-26 on 19th March 2026 at 12:00 noon at its Kolkata office, concluding at 12:30 PM. The meeting, chaired by Chairman Mr. Girish Bindal (with MD Mr. Mahendra Bindal chairing for Item 2 due to interest), considered two special business items. Item 1 sought shareholder approval to increase the Authorised Share Capital and amend the Capital clause of the Memorandum of Association. Item 2 sought approval for Material Related Party Transactions with the company's related parties. E-voting was open from 16th March to 18th March 2026, and the Scrutinizer was Mr. Saurabh Basu. Voting results along with the Scrutinizer's report will be filed with BSE and uploaded on the company's website within 48 hours of the meeting's conclusion.
The authorised share capital increase signals potential fundraising or stock issuance plans ahead, which could lead to dilution for existing shareholders depending on how new shares are issued. The approval of material related party transactions warrants close review by shareholders, as these deals are with parties connected to the company and may impact minority shareholder interests. Investors should wait for the formal voting results to confirm whether both resolutions passed.