We submit herewith the Scrutinizer''s Report dated September 10, 2025 received from Tushar Vora & Associates, Practicing Company Secretary, Ahmedabad on the result of the voting through ....
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Welcast Steels Limited held its 53rd Annual General Meeting on September 10, 2025 via video conferencing, and all six resolutions were passed with near-unanimous shareholder support. Five ordinary resolutions — adoption of FY25 audited financial statements, re-appointment of Mrs. Khushali S. Solanki as director (retiring by rotation), ratification of cost auditor remuneration, appointment of secretarial auditor, and approval of related party transactions with holding company AIA Engineering Limited — received 100% approval (497,329 votes in favour). One special resolution for continuation of Mr. Bhadresh K. Shah (age 73, turning 75 in October 2025) as Non-Executive Director also passed with 100% support. The related party transactions resolution saw 99.93% approval (19,368 valid votes in favour) with 225 invalid votes from 6 members, likely related parties who were required to abstain. E-voting was conducted via CDSL from September 6–9, 2025.
All resolutions passed overwhelmingly with virtually no dissent, reflecting strong shareholder confidence and alignment with management. This is a routine, non-contentious AGM outcome with no material governance red flags for retail investors.