The 46th AGM of the company held this day 24.09.2025, through Video Conference , and the AGM proceedings is being submitted. Kindly take the same on record.
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Tamilnadu Steel Tubes Ltd held its 46th AGM on 24th September 2025 at 10:00 AM via Video Conferencing, with 33 members present. Independent Director Mr. Rajesh Sajjne chaired the meeting. The audited financial statements for FY ended 31st March 2025 were adopted, with no qualifications in the Statutory or Secretarial Auditor's reports. Eight resolutions were tabled, including re-appointment of two Whole Time Directors (Mr. Krishnan Kamal Shukla and Mr. Bivashwa Das) by rotation, appointment of a new CFO (Mr. Shiv Bandhu), appointment of Secretarial and Cost Auditors, and approval of a related party royalty transaction with Mr. Saatvik Goyal (a >10% shareholder) for trade marks TNT, STAR and JUPITER for FY 2025-26. A special resolution was also passed for the lease-cum-sale or lease of company land at M.Y. Nagar (Plots B-10 & C-13) to Mrs. Durga Devi Goyal, with EMD already received. E-voting via NSDL remained open for 15 minutes post-meeting and results will be declared within the prescribed time.
Routine AGM proceedings with no negative surprises — clean audit reports and standard governance items. The related party royalty deal and the proposed land lease/sale to a connected party (Mrs. Durga Devi Goyal, linked to the >10% shareholder Mr. Saatvik Goyal) are the most material items and may attract shareholder scrutiny, though both required shareholder approval. E-voting results are pending and should be watched for the final voting pattern on the special resolutions.