Steelman Telecom Ltd

Steelman Telecom Ltd — Trading Window closed for Board Members and Designated Persons from Oct 01, 2026 till 48 hours after the declaration of Financial Results (Unaudited) for the half-year ended September 30, 2026

Sale of EC Wheels stake

• Board approved sale of 75,000 EC Wheels shares (0.61%) at Rs 10 per share, total Rs 7,50,000.
• This transfer reduces Steelman's stake from 50.08% to 49.47% and EC Wheels will cease to be a subsidiary.
• Buyers are Mohit Agarwal (CFO), Ujjwal Biswas (Project Finance), and Susanta Chowdhury (Senior Manager); none are promoter group.
• Related party transaction concerns apply to the CFO; sale will be on an arm's length basis.
• Completion is expected before 30 September 2026, subject to depository procedures.
• Date of agreement is 25 September 2026; price determined via Mayank Sharma valuation.
• Annexure A notes EC Wheels turnover Rs 4361.76 lakhs (18.94%) and net worth Rs -2274.43 lakhs (-79.41%).
• Not a slump sale; disposal outside the scheme of arrangement.

EC Wheels share transfer

• Sale/transfer of 75,000 EC Wheels shares (0.61% stake) approved.
• Consideration Rs 7.50 lakh; price fixed at Rs 10 per share.
• Transferees named: Mohit Agarwal, CFO; Ujjwal Biswas, Project Finance Manager; Susanta Chowdhury, Senior Manager.
• Post-transaction Steelman's EC Wheels holding to ~49.47%.
• Related Party Transaction with CFO approved by Audit Committee; arm's length.
• SME-listed; Reg 24(5) exemption; Reg 15(2) applicability noted.
• Subject to completion of legal/regulatory formalities.
• Valuation by Mr. Mayank Sharma used to determine price.

Meeting Details

• Board meeting scheduled for Friday, 25 September 2026; time and venue not disclosed.

Key Agenda Items

• To consider and discuss strategic/business transaction(s) with potential material bearing on the price.

Other Notes

• Trading window for designated persons and relatives closes from Sep 22, 2026 until 48 hours after public disclosure.
• Details of proposed transactions to be disclosed to stock exchanges if approved.

AGM reappointments

• MD Mahendra Bindal reappointed for five years from May 17, 2027 to May 17, 2032.
• Executive Director cum Chairman Girish Bindal reappointed for five years from May 17, 2027 to May 17, 2032.
• Independent Director Atul Kumar Bajpai reappointed for five years from May 17, 2027 to May 17, 2032.
• Independent Director Pravin Poddar reappointed for five years from July 1, 2027 to July 1, 2032.
• Voting results were submitted to stock exchanges within the prescribed timeline.
• Annexures provide director profiles and relationship disclosures.

AGM results filing

• Filed 21 September 2026 to BSE for 23rd AGM voting results.

AGM details

• The 23rd AGM was held on 19 September 2026 at 12:00 IST in Kolkata.
• In-person meeting with remote e-voting facility available for members.
• Quorum declared; business conducted as per notice dated 20 August 2026.

Ordinary business resolutions

• Adopt audited financial statements (consolidated and standalone) for FY ended 31 March 2026.
• Reappointment of Saloni Bindal by rotation.

Special business resolutions

• Alteration of MOA object clause to insert ancillary object.
• Re-appointment of Mahendra Bindal as MD for five-year term.
• Re-appointment of Girish Bindal as executive director and chairman for five-year term.
• Re-appointment of Atul Kumar Bajpai as independent director for five-year term.
• Re-appointment of Pravin Poddar as independent director for five-year term.
• To issue fully convertible warrants on a preferential basis.

Director appointments / changes

• Saloni Bindal to be reappointed by rotation.
• Mahendra Bindal to continue as MD for 5 years.
• Girish Bindal to continue as executive director and chairman for 5 years.
• Atul Kumar Bajpai to continue as independent director for 5 years.
• Pravin Poddar to continue as independent director for 5 years.

Other significant approvals

• Authorisation to issue fully convertible warrants on a preferential basis.

AGM Details

• Date and time: 19 September 2026 at 12:00 IST.
• Venue: Mani Casadona, New Town, Kolkata; physical AGM with e-voting facility.
• Mode: Physical meeting with e-voting option.
• E-voting window: 16 Sep 2026 09:00 to 18 Sep 2026 17:00.
• Notice dated 20 August 2026.
• Meeting commenced 12:00 IST and concluded 01:00 PM IST.

Key Resolutions

• Adopt audited financial statements (consolidated and standalone) for FY ended 31 March 2026.
• Reappointment of Saloni Bindal by rotation.
• Alteration of Object Clause of Memorandum to include new ancillary object.
• Re-appointment of Mahendra Bindal as Managing Director for second five-year term.
• Re-appointment of Girish Bindal as executive director and chairman for second five-year term.
• Re-appointment of Atul Kumar Bajpai as independent director for second five-year term.
• Re-appointment of Pravin Poddar as independent director for second five-year term.
• Issue fully convertible warrants on a preferential basis.

Voting Status

• Voting results will be published by the Scrutinizer on company and NSDL websites within 48 hours.