Modern Steels Ltd

Modern Steels Limited trading window closes from 1st October, 2026 for Designated Persons till forty-eight (48) hours after the declaration of Un-Audited Financial Results for the Quarter ended 30th September, 2026

AGM Details

• 52nd AGM held on 26 September 2026 at 02:00 PM via VC/OAVM.

Resolutions & Outcomes

• Resolution 1 (Ordinary): Adopt Audited Financial Statements for FY2025-26; Passed with 89 in favour, 2 against.
• Resolution 2 (Ordinary): Director re-appointment; Passed with 88 in favour, 3 against.
• Resolution 3 (Ordinary): Appoint Statutory Auditor; remuneration to be fixed; Passed with 89 in favour, 2 against.
• Resolution 4 (Special): Re-appoint Krishan Kumar Goyal as CMD; Passed with 88 in favour, 3 against.
• Resolution 5 (Special): Appoint Dr Surinder Kumar as Non-Executive Independent Director; Passed 89 in favour, 2 against.
• Resolution 6 (Special): Appoint Prof Anupama Sharma as Non-Executive Independent Director; Passed 88 in favour, 3 against.

Auditor Appointment

• Statutory auditor appointment: Sanjeev Sharma & Associates for one year from AGM 26 Sep 2026.

MD/Chairman Re-appointment

• MD/Chairman re-appointed: Krishan Kumar Goyal as CMD for five years from 26 Sep 2026.

Independent Director Appointment

• Independent director appointment: Dr. Surinder Kumar appointed Non-Executive Independent Director for five years from 11 Aug 2026.

Independent Director Re-appointment

• Independent director re-appointment: Prof. Anupama Sharma for second five-year term from 26 Sep 2026.

AGM Details

• AGM conducted via video conference on a scheduled date.

Key Resolutions

• Adopt Audited Financial Statements for the year.
• Re-appoint director retired by rotation.
• Appoint Statutory Auditor for one year.
• Re-appoint Chairman and MD for five years.
• Appoint Non-Executive Independent Director for five years.
• Re-appoint Non-Executive Independent Director for a second five-year term.

Voting Status

• Voting results to be announced within two working days.

AGM notice and related communications

• Notice of 52nd AGM scheduled for 26 September 2026 at 02:00 PM IST via VC/OAVM.
• Letters emailed to shareholders without registered emails with web-links to AGM notice and annual report.
• KYC update reminders per SEBI circulars to register PAN, address, mobile, and bank details.
• Dematerialisation of physical securities encouraged; stockholders urged to update nomination details.
• RTA contact information provided for KYC updates and communications.

AGM & financials

• 52nd AGM to be held on 26 Sep 2026 via VC/OAVM.
• Audited financial statements for year ended 31 Mar 2026 presented.
• No dividend proposed for the year.
• Remote e-voting window 23–25 Sep 2026; AGM on 26 Sep 2026.

Governance & board changes

• Dr. Surinder Kumar appointed Independent Director (Additional) effective 11 Aug 2026.
• Prof. Anupama Sharma re-appointed as Independent Director for five years.
• Krishan Kumar Goyal re-appointed as Chairman & MD until 2031; NRC-approved terms.
• Board composition: 1 Executive and 3 Independent Directors.

Auditors & internal controls

• M/S Sanjeev Sharma & Associates proposed as Statutory Auditors for 2026-27.
• Current statutory auditors: M/S APT & Co LLP until AGM.
• Internal financial controls deemed adequate; audit committee monitors issues.
• Secretarial audit by Sanger & Associates; no director disqualifications detected.

Financial performance

• Total revenue for FY2025-26: Rs 2.01 crore.
• Profit after tax approx Rs 1.06 crore.
• Earnings per share: Rs 0.77.
• Dividend per share: Nil; no dividend declared.

Operations and strategy

• Management notes manufacturing business has been sold; exploring future lines of business.
• Cash flow from operations recorded; notes indicate viability of ongoing activities.

Shareholder information & governance

• Shareholding highlights: promoter group holds substantial stake.
• Dematerialisation level: ~94.5% of shares in demat form.
• AGM notices and annual report available on company website.
• Nomination & Remuneration Committee and Audit Committee in place.

AGM Details

• AGM on 26 September 2026 at 02:00 PM via VC/OAVM.
• Voting cut-off date: 19 September 2026.
• Electronic voting window: 23–25 September 2026 (09:00–17:00).
• Register of Members closes 20–26 September 2026.
• VC/OAVM attendance limited to 1000 members.

Ordinary Business Resolutions

• Adopt Audited Financial Statements for the year ended 31 March 2026.
• Re-appoint Krishan Kumar Goyal by rotation as Director.
• Appoint Sanjeev Sharma & Associates as Statutory Auditor for one year at Rs 2,50,000.

Special Resolutions – Directors

• Re-appoint Krishan Kumar Goyal as Chairman & MD till 2031; remuneration per board terms.
• Appoint Dr. Surinder Kumar as Non-Executive Independent Director for five years till 2031.
• Re-appoint Prof. Anupama Sharma as Independent Director for a second five-year term till 2031.

Auditor Appointment

• Proposal to appoint Sanjeev Sharma & Associates as Statutory Auditor for 2026-27; remuneration Rs 2.5 Lakh.

Voting Results

• Voting results for each resolution are not disclosed in the filing.

Dividend

• No dividend information disclosed.

Material Related Party Transactions

• No material related party transactions disclosed.

Other Material Approvals

• Special Resolution sought for continuation of MD beyond age 70.