Please find the attached Scrutinizer Report of 22nd AGM of STL.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Steelman Telecom Ltd held its 22nd Annual General Meeting on August 30, 2025, in Kolkata. Four resolutions were put to e-vote: (1) adoption of audited financial statements for FY ended March 31, 2025 — passed with 87.16% in favor; (2) reappointment of Mr. Girish Bindal as director retiring by rotation — passed with 87.16% in favor; (3) alteration of the object clause to add vehicle leasing, renting, and hiring as a new business activity — passed with 87.16% in favor; (4) approval of material related party transactions up to Rs. 100 crore for FY 2025-2026 — rejected, with only 5.22% votes in favor and 94.78% against (6,965,400 votes were declared invalid). Voting was conducted via NSDL's e-voting platform from August 27 to August 29, 2025, with the scrutinizer being Mr. Saurabh Basu of S Basu & Associates.
Shareholders should note that the material related party transaction resolution was decisively rejected, which is a significant negative signal and may restrict the company's ability to transact with related parties beyond regulatory thresholds in FY26. The addition of vehicle leasing to the company's objects signals a planned diversification away from its core telecom business, though no execution details have been disclosed.