Meenakshi Steel Industries Ltd

Meenakshi Steel Industries Limited: Trading Window closed from 18 October 2026 till 48 hours after the dissemination of the Un-audited Financial Results for the Second Quarter and half year ended 30 September, 2026.

AGM details

• Date and time: 28 September 2026, 2:30 PM.
• Mode: physical AGM at J-189, Saket, New Delhi.
• Record date for voting: 18 September 2026.

Resolutions and outcomes

• Ordinary resolution: adopt audited standalone and consolidated financial statements; passed 100% in favor.
• Ordinary resolution: appoint director by rotation (Sudha Jajodia); re-appointment; passed 100% in favor.
• Special resolution: re-appoint Shivangi A. Jogani as Managing Director for five years; passed 100% in favor.

AGM Details

• AGM held on 28 September 2026 at 2:30 PM, in-person at registered office.
• Record date for voting entitlement: 18 September 2026.
• Mode: in-person meeting at J-189, Basement, J Block, Saket, New Delhi.

Key Resolutions

• Adoption of audited standalone and consolidated financial statements for year ended 31 March 2026.
• Sudha Jajodia retires by rotation; re-appointment approved.
• Shivangi A Jogani appointed Managing Director for five years.

Voting Results

• All resolutions passed with 100% in favour; no dissent recorded.
• Poll results show 11 members voting, 1,960,600 votes cast in favour.
• Remote e-voting: zero votes; voting by poll determined approvals.

Directors & MD Changes

• Sudha Jajodia retires by rotation; re-appointment approved.
• Shivangi A Jogani appointed Managing Director for five years.

AGM Details

• AGM held 29 September 2026 at 2:30 PM; physical meeting at registered office.
• Meeting chaired by the Managing Director.
• Statutory auditor's report for FY2025-26 had no qualifications.
• E-voting period: 9:00 AM Sep 25 to 5:00 PM Sep 27, 2026.
• Scrutinizer appointed to supervise e-voting.

Resolutions

• Adopt audited financial statements for FY ending March 31, 2026.
• Re-appoint Sudha Jajodia as Director by rotation.
• Re-appoint Shivangi A Jogani as Managing Director for five years.

Voting status

• Results of resolutions to be announced within 48 hours.

NCS/debt obligations

• No outstanding NCS or debt instruments have payments due in Oct–Dec 2026.
• There are no unpaid obligations from prior periods related to NCS.
• Company has not issued any debt or interest-bearing instruments.

AGM Details

• Forty-First AGM on 28 September 2026 at 2:30 PM at the registered office.
• Mode: Physical, in-person at the registered office.
• Register closure: 22 Sept 2026 to 28 Sept 2026 (inclusive).
• Cut-off date for voting: 18 Sept 2026.
• Remote e-voting window: 25 Sept 2026 to 27 Sept 2026.

Key Resolutions

• Adopt Audited Financial Statements including consolidated statements for year ended 31 March 2026.
• Re-appoint Sudha Jajodia on rotation; eligible for re-appointment.
• Appoint Shivangi Girish Murarka as Managing Director for 5-year term.

Financial highlights

• Standalone revenue from operations rose to ₹1,880.65 Lakh in FY2025-26, up from ₹1,833.07 Lakh.
• Consolidated total income reached ₹1,902.50 Lakh in FY2025-26, up from ₹1,871.16 Lakh.
• Standalone PBT stood at ₹188.69 Lakh and PAT at ₹136.70 Lakh in FY2025-26.
• Consolidated PAT was ₹142.91 Lakh in FY2025-26.
• Total Comprehensive Income: standalone −₹240.62 Lakh; consolidated −₹234.41 Lakh.
• Standalone EPS: ₹6.86; Consolidated EPS: ₹7.17.
• Dividend: Board did not recommend any dividend.
• Transferred ₹27.34 Lakh to Special Reserve Fund under RBI Act.
• Associate Sushree Trading Limited revenue ₹69.42 Lakh; PAT ₹17.02 Lakh.

Dividend & reserves

• Dividend not recommended by the Board.
• Transferred ₹27.34 Lakh to Special Reserve Fund under RBI Act.

Capital structure & liquidity

• Authorised capital ₹2.00 Cr; issued ₹1.992 Cr (19,92,000 shares) as of 31.03.2026.
• No change in share capital during FY2025-26.
• Borrowings total ₹17,500.00 Lakhs; current vs. non-current classification as applicable.
• Inter‑corporate loan asset stands at ₹21,707.50 Lakhs.
• Cash and bank balances ₹766.80 Lakhs.

Operations & associates

• No subsidiary; associate Sushree Trading Limited is the only associate.
• Sushree Trading Limited: 36.47% ownership; revenue ₹69.42 Lakh; PAT ₹17.02 Lakh.

Governance & board

• Dhoot and Arvind Newar ceased as NEDs on 01.10.2025; Tejas M. Vyas and Giriraj Maheswari appointed.
• Shivangi Jogani to be reappointed as MD for five years from 41st AGM.
• Remuneration Committee recommended MD reappointment; Board approved.
• Secretarial Auditor: Girish Murarka & Co.; Statutory Auditor: VRSK & Co.

Audits & internal controls

• Audit report: no qualifications; Secretarial audit reports no material issues.
• Internal controls: Adequate; internal audit by Siddhant Goyal & Co; to continue.

Risks & outlook

• NBFC regulatory environment and RBI norms pose ongoing risks.
• Risk management framework in place; focus on liquidity and prudent financing.

Financial approvals

• Directors' Report on standalone and consolidated financials for year ended 31 March 2026 approved.

AGM and governance

• 41st AGM fixed for 28 September 2026 at 2:30 PM; notice of AGM approved.
• Register of Members closed 22-28 September 2026; AGM cutoff date 18 September 2026.
• E-voting scheduled 25-27 September 2026; remote cutoff 18 September 2026.

Scrutinizer appointment

• M/s Girish Murarka & Co. appointed Scrutinizer for AGM voting results.

Meeting Details

• Board meeting on Sep 2, 2026 at 407, Floor, Daulat Bhavan, Mumbai 400002.

Key Agenda Items

• To approve the Notice for convening the 41st AGM.
• To approve Board's Report on the financial statements for the year ended 31 March 2026.
• To decide the day, date, time and place of the 41st AGM.
• To decide the date for closure of the Register of Members for the 41st AGM.
• To appoint the Scrutinizer for the voting results of the 41st AGM.
• To approve the start and end dates of e-voting.