Voting Results and Scrutinizer report of AGM held on 18.09.2025 of Mideast Integrated Steels Limited
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Mideast Integrated Steels Limited (MESCO Steel) held its Annual General Meeting on September 18, 2025, where all six resolutions were passed by shareholders through remote e-voting with overwhelming majority. The resolutions included adoption of audited financial statements for FY ending March 31, 2025, reappointment of Mrs. Shipra Singh Rana as a director, approval of related party transactions for FY 2024-25, and granting the Board powers to borrow up to Rs. 1,000 Crores and to sell or dispose of company undertakings. Shareholders also approved the appointment of Tripti Shakya & Co as Secretarial Auditor for a 5-year term. Out of 13.78 crore total shares, about 7.37 crore shares (53.45%) were polled, with nearly 99.99% voting in favour of every resolution.
All resolutions sailed through comfortably, showing strong shareholder support and management stability. The expanded borrowing limit of Rs. 1,000 Crores and disposal powers signal potential fundraising or asset restructuring plans ahead, which investors should watch for further developments.