Steel Strips Infrastructures Ltd

AGM details

• 53rd AGM held 30-09-2026; meeting 11:30 AM to 11:55 AM.

Key resolutions

• Ordinary: Adoption of Audited Financial Statements and Directors' Report for year ended 31-03-2026.
• Ordinary: Reappointment of director by rotation.
• Special: Reappointment of Independent Director for five-year term.
• Special: Reappointment of Managing Director for five-year term with remuneration.

Voting outcomes

• All four resolutions passed with strong approval; no material dissent recorded.

Director changes

• Director changes: rotation-based reappointment; Independent Director for five years; Managing Director for five years with remuneration.

Auditor

• Auditors unchanged; financial statements adopted along with Auditor's Report.

Related party transactions

• No material related party transactions approved.

Other material approvals

• Remuneration approved for Managing Director as part of five-year term.

Management changes

• Reappointment: Humesh Kumar Singhal as Non-Executive Independent Director for a second five-year term (01/10/2026–30/09/2031).
• Reason: second term approved by shareholders.
• Effective: 01/10/2026; term ends 30/09/2031.
• Profile: Chartered Accountant; director since 2000; 47 years in management and corporate finance.
• Relationship: not related to other directors/KMPs.
• Reappointment: Sanjay Garg as Managing Director for five years with effect from 14/02/2027.
• Remuneration: appointment without remuneration.
• Reason: shareholders approved appointment.
• Profile: Cost and Works Accountant; law graduate; associated with the company since 2001.
• Term: five years.
• Effective: 14/02/2027.
• Relationship: none with other directors/KMPs.

AGM details

• 53rd AGM held on 30 Sep 2026, 11:30–11:55 IST.
• Physical AGM with remote e-voting facility.
• Quorum present; meeting chaired by Sanjay Garg.
• Remote e-voting ran 27 Sep to 29 Sep; ballots used.

Key resolutions

• Adoption of financial statements and reports for year ended 31 Mar 2026 (Ordinary).
• Appointment of Rajinder Kumar Garg for re-appointment (Ordinary, retires by rotation).
• Reappointment of Humesh Kumar Singhal as Non-Executive Independent Director for second term (2026–2031) (Ordinary).
• Reappointment of Sanjay Garg as MD for five years from 14 Feb 2027 without remuneration (Ordinary).

Voting results

• Voting results to be annexed after Scrutinizer report.

Director changes

• Rajinder Kumar Garg reappointed after retirement by rotation.
• Humesh Kumar Singhal reappointed as Non-Executive Independent Director (2026–2031).
• Sanjay Garg reappointed as MD for five years from 14 Feb 2027 without remuneration.

Steel Strips Infrastructures Ltd – Closure of Trading Window from 1st October, 2026; up to 48 hours from the declaration of Unaudited Financial Results of the Company for the quarter and half year ended 30th September, 2026

AR/AGM access and AGM details

• Intimation of web-link for AR 2025-26 and AGM notice to members without registered email addresses.
• AR 2025-26 including AGM Notice accessible at the company website.
• 53rd AGM scheduled for 30 September 2026 at 11:30 AM.
• Soft copy of AGM notice and AR sent to registered email holders; non-registered addresses cannot receive via email.
• AR and AGM notice also available on BSE Limited website.
• Members with physical shares to update KYC and register email, bank details, mobile numbers.
• Electronic shareholders to register email addresses, bank details, and mobile numbers with DP/DPs.
• SEBI permits special window for transfer/demat of pre-2019 physical securities (05 Feb 2026–04 Feb 2027).

Financial performance

• Revenue from operations: 136.03 lakh in FY2025-26.
• Total revenue: 143.07 lakh; PAT: -66.28 lakh.
• EPS: -0.77 rupee (basic/diluted).
• Total comprehensive: standalone -147.14 lakh; consolidated -426.11 lakh.
• Cash losses for the year: 65.76 lakh.
• Net cash from operating activities: -9.49 lakh.
• SAB Mall revenue mix includes maintenance 112.85; rents/hoardings/parking 23.18.
• Dividend not declared; general reserve remains 43.78 lakh.

Asset sale and strategic pivot

• Agreement to sell four SAB Mall shops for ₹15 crore; ₹12.5 crore received.
• MOU with Shubham Properties for asset and management rights transfer; ₹2 crore; ₹1 crore received.
• Transaction supports asset-light strategy; completion targeted in 2026-27.

Associate and consolidation

• Malwa Chemtex Udyog Ltd: 42.96% stake; 7,90,000 shares.
• Associate net worth: ₹149.01 crore.
• Associate profit/loss: ₹6.4936 crore (loss).
• Consolidated share of associate: ₹278.97 lakh loss.

Capital structure and liquidity

• Equity capital: ₹8.64 crore; no change.
• Debt: no long-term borrowings; current borrowings nil.
• Debt-equity ratio: 1.87; current ratio: 0.66.
• Market cap: ₹21.07 crore; 82.82% dematerialized.
• Promoters hold 50.22%; general public 40.97%.

Governance and leadership

• CFO Gourav Kumar appointed 13-02-2026.
• MD Sanjay Garg continues; remuneration nil.
• Independent Humesh Singhal reappointed for 2026-2031.
• Board size six; four board meetings in the year.
• 53rd AGM on 30 Sep 2026; director appointments noted.

Corporate governance and controls

• Internal controls found adequate; no material weaknesses.
• Secretarial audit MR-3; no qualifications.
• Whistle Blower policy in place; no cases reported.
• Governance disclosures on company website; SEBI LODR compliance.

Shareholder information and market data

• AGM scheduled for 30 Sep 2026 at Regd Office.
• ISIN INE205F01016; demat 82.82%.
• Top shareholders include Steel Strips Industries Ltd, SAB Udyog, Malwa, etc.

AGM details

• AGM date set for 30 September 2026 at the registered office.
• Book closure from 24 September to 30 September 2026.
• Cut-off date for eligibility to vote is 23 September 2026.
• Remote e-voting available for AGM; period 27 September 2026 to 29 September 2026.
• E-voting services provided by Central Depository Services (India) Limited.

Board actions and results

• Board approved standalone and consolidated unaudited results for quarter ended 30 June 2026.
• Next AGM scheduled 30 September 2026 at Mohali.
• MD Sanjay Garg reappointed for 5 years without remuneration from 14 Feb 2027, subject to approvals.
• Independent Director Humesh Kumar Singhal reappointed for second five-year term from 1 Oct 2026.