Prakash Steelage Ltd

AGM details

• AGM held on 28 September 2026 at 3:00 PM via VC/OAVM.
• Record date 21 September 2026; last date for postal ballots 28 September 2026.
• Meeting concluded at 3:16 PM.
• Scrutinizer: Shubh Karan Jain, CS.

Resolutions and outcomes

• Ordinary: Adopt Audited Financial Statements; Passed 100% in favour.
• Ordinary: Re-appoint Hemant Prakash Kanugo; Passed 99.94% in favour.
• Ordinary: Ratify remuneration to Cost Auditors for FY2026-27; Passed 99.94% in favour.
• Special: Continue Independent Director Sharad Bohra on attaining 75; Passed 99.94% in favour.

Director changes

• Re-appointment of Hemant Prakash Kanugo as director.
• Continuation of Sharad Chandra Bohra as Independent Director after reaching age 75.

Prakash Steelage Limited – Trading Window closed from October 01, 2026 until 48 hours after the announcement of the unaudited financial results for the quarter ended September 30, 2026 (both days inclusive).

AGM Details

• Date, time and mode: 28 September 2026, 3:00 PM, VC/OAVM.
• Meeting concluded at 3:16 PM.
• Remote e-voting window: 25–27 September 2026.
• 76 members participated via VC/OAVM.

Ordinary Business

• Adopt Audited Financial Statements for FY ended 31 March 2026 with Reports.
• Re-appointment of Hemant Prakash Kanugo as Director on rotation.

Special Business

• Ratification of remuneration payable to Cost Auditors for FY 2026-27.
• Continuation of Independent Director Sharad Chandra Bohra upon turning 75.

Voting Results

• Voting results will be shared separately; no outcome disclosed in this filing.

Transaction summary

• Exemption under Reg 10(7) SEBI SAST for substantial acquisition and takeover.
• Acquirer: Mrs. Dheliben Mafatlal Seth (through Seth Iron & Steel Pvt Ltd).
• Issuer: Prakash Steelage Ltd (scrip 533239).
• Nature: Substantial acquisition of shares and takeover under Reg 10(7) (10(1)(a)(i)).
• Reference: Order Line Ref No DICINVF1VOIY3B; document date 10/09/2026.

Transaction details

• Nature: Inter-se transfer of shares by gift among immediate relatives.
• Exemption: Regulation 10(1)(a)(i) exemption from open offer.
• Acquirer role: Inter-se transfer recipient; Transferor role: Inter-se transfer donor.
• Shares transferred: 9,625,000 shares, 5.50% of total shares.
• Method and consideration: Gift with nil consideration.
• Acquirer holdings: 0.29% pre, 5.79% post.
• Transferor holdings: 13.82% pre, 8.31% post.

Transaction details

• Target: Prakash Steelage Limited.
• Acquirer: Dheliben Mafatlal Seth; PAC: none disclosed; promoter group: Yes.
• Exchanges: Listed on BSE Limited and National Stock Exchange of India Limited.
• Pre-acquisition voting rights: 34,552,689 shares (19.76%).
• Acquired voting rights: 9,625,000 shares (5.50%).
• Post-acquisition voting rights: 44,177,689 shares (25.26%).
• Mode and date: Inter-se transfer within promoter group by gift; date September 08, 2026.
• Equity capital: 17,50,00,390 shares (Re 1) before/after acquisition.
• Total diluted voting capital after: 17,50,00,390 shares.

Inter-se transfer details

• Inter-se transfer of shares by gift among immediate relatives.
• Acquirer role: purchaser; Transferor role: seller.
• Shares transferred: 96,25,000.
• Pre-Transaction holdings: Acquirer 0.29%; Transferor 13.82%.
• Post-Transaction holdings: Acquirer 5.79%; Transferor 8.31%.
• Post-transaction shares: acquirer 1,01,25,000; transferor 1,45,50,040.
• Method of acquisition: off-market inter-se transfer by gift.
• Consideration: Nil; transfer by gift.