Steelcast Limited Shareholders Approve Stock Split and Dividends at 54th AGM
The approval of a stock split from ₹5 to Re. 1 per share is a major corporate action that typically increases share liquidity and accessibility, potentially leading to increased trading volume and broader investor interest.
All 10 proposed resolutions, including the significant stock split and dividend confirmation, were passed by the shareholders, indicating strong corporate governance and positive outlook for the company.
Steelcast Limited announced the voting results of its 54th Annual General Meeting (AGM) held on 31st July 2025. All 10 resolutions proposed at the meeting were successfully passed by the shareholders.
Key resolutions passed include: * Adoption of the Audited Financial Statements for the financial year ended 31st March 2025, which received 100% votes in favour. * Confirmation of three interim dividends and declaration of a final dividend for the year ended 31st March 2025, passed with 100% votes in favour. * Approval for the Sub-Division/Split of Equity Shares from a face value of ₹5 per share to Re. 1 per share, passed with 100% votes in favour. * Re-appointment of Mrs. Vidhi S Merchant as a Director, passed with 100% votes in favour. * Re-appointment of Mr. Rushil C Tamboli as a Director, passed with 99.45% votes in favour and 0.55% against. * Re-appointment of Mr. Hemantbhai D Dholakia as a Non-Executive Independent Director for a second term of five consecutive years, passed with 99.45% votes in favour and 0.55% against. * Appointment of M/s. Ravi Karia & Associates as Statutory Auditors for five years, passed with 100% votes in favour. * Ratification of remuneration to M/s. Divyesh Vagadiya & Associates as Cost Auditors for the financial years 2024-25 and 2025-26, passed with 100% votes in favour. * Appointment of M/s. D.G. Bhimani & Associates as Secretarial Auditor for five consecutive years, passed with 100% votes in favour. * Approval for the Alteration of the Capital Clause of the Memorandum of Association of the Company, passed with 100% votes in favour.
The e-voting period for these resolutions commenced on 28th July 2025 and concluded on 30th July 2025, with the cut-off date for voting being 25th July 2025.
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Steelcast Limited filed this with the NSE as a statutory disclosure, categorised under corporate actions. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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