Shah Alloys chairman and AGM

10,168 shareholders on the register on 19 Sep 2025; present: 4 promoters and 31 others; votes counted by KAMLESH M SHAH / KAMLESH M SHAH AND COMPANY.The company's voting result

1. RESOLVED THAT the Audited Standalone & Consolidated Financial Statements of the Company for the financial year ended 31st March, 2025, together with the Reports of the Board of Directors and Auditors thereon, as circulated to the Members be and are hereby received, considered and adoptedMoreLess

   Ordinary
   99.88% for0.12% against

   Against: promoters 0.00% · institutions 0.00% · other public 1.41%

   Turnout: all 58.82% · promoters 100.00% · institutions 0.00% · other public 10.91%

2. RESOLVED THAT in accordance with the provisions of Section 152 and other applicable provisions of the Companies Act, 2013 (including any statutory modification(s) or re-enactment(s) thereof, for the time being in force), Shri Rajendrakumar Shah (DIN 00020904), who retires by rotation as a Director at this 35th Annual General Meeting, and being eligible, offers himself for reappointment, be and is hereby re-appointed as a Director of the Company, who shall be liable to retire by rotationMoreLess

   Ordinary
   98.67% for1.33% against

   Against: promoters 0.00% · institutions 0.00% · other public 1.41%

   Turnout: all 5.33% · promoters 0.54% · institutions 0.00% · other public 10.91%

3. “RESOLVED THAT pursuant to Sections 196 and other applicable provisions of Companies Act, 2013 (including corresponding provisions, if any of the Companies Act, 1956) and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, and the Rules made thereunder, as amended from time to time and subject to such approvals as may be necessary, Consent of the members of the Company be and is hereby accorded for the continuation of directorship of Mr. Ashok Sharma (DIN: 00038360) as Whole Time Director of the Company, who is liable to retire by rotation on the Board of the company notwithstanding his attaining the age of Seventy (70) Years on January 04, 2026.MoreLess

   Special
   99.88% for0.12% against

   Against: promoters 0.00% · institutions 0.00% · other public 1.41%

   Turnout: all 58.82% · promoters 100.00% · institutions 0.00% · other public 10.91%

4. “RESOLVED THAT pursuant to the provisions of Sections 149, 150 and 152 read with Schedule IV and other applicable provisions, if any, of the Companies Act, 2013 (“the Act”), the rules framed thereunder including the Companies (Appointment and Qualification of Directors) Rules, 2014 and the applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’), as amended and Articles of Association of the Company and on the basis of approval and recommendation of the Nomination and Remuneration Committee and the Board of Directors, Smt. Nipa Jairaj Shah (DIN: 10833814), who was appointed as an Additional Director (in the capacity of an Independent Director) of the Company by the Board of Directors with effect from 14th August, 2025 and who has submitted a declaration that she meets the criteria of independence under Section 149(6) of the Act and Regulation 16(1) (b) of the SEBI Listing Regulations and is eligible for appointment under the provisions of the Act, the Rules made thereunder and the SEBI Listing Regulations, and in respect of whom the Company has received a notice in writing from a member under Section 160(1) of the Act proposing her candidature for the office of an Independent Director of the Company, be and is hereby appointed as Non-Executive Independent Director of the Company, not liable to retire by rotation, to hold office for a term of 5 (five) consecutive years with effect from 14th August, 2025 to 13th August, 2030. RESOLVED FURTHER THAT pursuant to the provisions of Sections 149, 197, Schedule V, and other applicable provisions of the Act and the Rules made thereunder, Smt. Nipa Jairaj Shah (DIN: 10833814) be paid such fees, remuneration and commission as the Board of Directors of the Company may decide and approve from time to time and subject to such limits, prescribed or as may be prescribed from time to time; RESOLVED FURTHER THAT the Board of Directors of the Company be and are hereby authorized to settle any question, difficulty or doubt, that may arise in giving effect to the aforesaid resolution including delegation of all or any of the powers conferred on it to any committee of Board of Directors and/or any other person as it deems fit and to do all such acts and take all such steps as may be considered necessary or expedient to give effect to the aforesaid resolution.” RESOLVED FURTHER THAT for the purpose of giving effect to this resolution, any of the Directors and the Company Secretary of the Company, for the time being and from time-to-time, be and are hereby severally authorised on behalf of the Company, to do all such acts, deeds, matters and things as may be deemed necessary, proper or expedient and to sign and execute all necessary documents, applications and returns including filing of e-form or such other forms and documents and submitting necessary information as may be required to the stock-exchanges, depositories, the Registrar of Companies, Gujarat and such other authorities as may be required from time to time.”MoreLess

   Special
   99.88% for0.12% against

   Against: promoters 0.00% · institutions 0.00% · other public 1.41%

   Turnout: all 58.82% · promoters 100.00% · institutions 0.00% · other public 10.91%

5. RESOLVED THAT pursuant to the provisions of Section 204 (1) of the Companies Act, 2013 and rule 9 of the Companies (Appointment and Remuneration Personnel) Rules 2014 of the Companies Act, 2013 and Regulation 24A of the SEBI (LODR) Regulations, 2015 (“SEBI Listing Regulations”), and other applicable laws/statutory provisions, if any, as amended from time to time, and as recommended by the Audit Committee and the Board of Directors, M/s. Kamlesh M. Shah & Co., Practicing Company Secretary, (CP No. 2072/Membership No.: ACS8356) be and is hereby appointed as Secretarial Auditors of the Company to conduct secretarial audit for a term of 5(Five) consecutive years commencing From FY 2025-26 till FY 2029-30 at such fees, plus applicable taxes and other out-of-pocket expenses as may be mutually agreed upon between the Board of Directors of the Company and the Secretarial Auditors.MoreLess

   Ordinary
   99.88% for0.12% against

   Against: promoters 0.00% · institutions 0.00% · other public 1.41%

   Turnout: all 58.82% · promoters 100.00% · institutions 0.00% · other public 10.91%

6. RESOLVED THAT pursuant to the provisions of Section 148 and all other applicable provisions of the Companies Act, 2013 and the Companies (Audit and Auditors) Rules, 2014 (including any statutory modification(s) or re-enactment thereof, for the time being in force), M/s. Ashish Bhavsar & Associates, Cost Accountants (ICAI Registration No. 22646) appointed by the Board on the recommendation of the Audit Committee of the Company to conduct the audit of the cost records of the Company for the financial year ending 31st March , 2026 be paid the remuneration of Rs. 1,10,000/- per annum plus out of pocket expenses, if any, incurred during the course of auditMoreLess

   Ordinary
   99.88% for0.12% against

   Against: promoters 0.00% · institutions 0.00% · other public 1.41%

   Turnout: all 58.82% · promoters 100.00% · institutions 0.00% · other public 10.91%

7. “RESOLVED THAT pursuant to the provisions of sections 152, 196, 197, 203 and other applicable provisions, if any, of the Companies Act, 2013 (‘Act’) and the rules made thereunder including any statutory modification(s) or re‐enactment(s) thereof, for the time being in force, read with schedule V to the Act and applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time (‘Listing Regulations’) and all guidelines and clarifications for managerial remuneration issued by the Ministry of Corporate Affairs from time to time and the Articles of Association of the Company and subject to such approvals, permissions and sanctions, as may be necessary, Shri Rajnikant Amrutlal Vyas (DIN:11276226), who was appointed as an Additional Director designated as Whole-time Director of the Company with effect from September 04, 2025 and in respect of whom the Company has received a notice in writing from a Member under Section 160 of the Act, signifying his intention to propose Shri Rajnikant Amrutlal Vyas as a candidate for the office of Director, be and is hereby appointed as a Whole‐time Director of the Company, for a term of 5 (Five) years, with effect from September 04, 2025 who shall be liable to retire by rotation on the terms and conditions including remuneration and perquisites, More particulary described in the Notice of 35th Annual General meeting of the Company.MoreLess

   Ordinary
   99.88% for0.12% against

   Against: promoters 0.00% · institutions 0.00% · other public 1.41%

   Turnout: all 58.82% · promoters 100.00% · institutions 0.00% · other public 10.91%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Present: 4 promoters and 32 others.

1. “RESOLVED THAT the Audited Standalone & Consolidated Financial Statements of the Company for the financial year ended 31st March, 2024, together with the Reports of the Board of Directors and Auditors thereon, as circulated to the Members be and are hereby received, considered and adopted.”MoreLess

   Ordinary
   99.82% for0.18% against

   Against: promoters 0.00% · institutions 0.00% · other public 7.16%

   Turnout: all 55.20% · promoters 100.00% · institutions 0.00% · other public 3.06%

2. “RESOLVED THAT in accordance with the provisions of Section 152 and other applicable provisions of the Companies Act, 2013 (including any statutory modification(s) or re-enactment(s) thereof, for the time being in force), Shri Prakash R. Patel (DIN 09482087), who retires by rotation as a Director at this 34thAnnual General Meeting, and being eligible, offers himself for re-appointment, be and is hereby re-appointed as a Director of the Company, who shall be liable to retire by rotation”.MoreLess

   Ordinary
   99.82% for0.18% against

   Against: promoters 0.00% · institutions 0.00% · other public 7.16%

   Turnout: all 55.20% · promoters 100.00% · institutions 0.00% · other public 3.06%

3. “RESOLVED THAT pursuant to Sections 196, 203 and other applicable provisions of Companies Act, 2013 (including corresponding provisions, if any of the Companies Act, 1956) and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, and the Rules made thereunder, as amended from time to time and subject to such approvals as may be necessary, Consent of the members of the Company be and is hereby accorded for the re-appointment of Mr. Ashok Sharma (DIN: 00038360) as Whole Time Director of the Company for a further period of 5(Five) years with effect from 01/05/2025 till 30/04/2030 at the ensuing Annual General Meeting of the company, on the remuneration and on such terms and conditions as set out in the written Memorandum placed before meeting with liberty and authority to the Board of Directors to alter and vary the terms and conditions of the said appointment from time to time within the scope of Schedule V of the Companies Act, 2013, or any amendments thereto or any re-enactment thereof as may be agreed to between the Board of Directors and Shri Ashok Sharma.MoreLess

   Ordinary
   99.82% for0.18% against

   Against: promoters 0.00% · institutions 0.00% · other public 7.16%

   Turnout: all 55.20% · promoters 100.00% · institutions 0.00% · other public 3.06%

4. “RESOLVED THAT pursuant to the provisions of Section 148 and all other applicable provisions of the Companies Act, 2013 and the Companies (Audit and Auditors) Rules, 2014 (including any statutory modification(s) or re-enactment thereof, for the time being in force), M/s. Ashish Bhavsar & Associates, Cost Accountants (ICAI Registration No. 22646) appointed by the Board on the recommendation of the Audit Committee of the Company to conduct the audit of the cost records of the Company for the financial year ending 31st March , 2025 be paid the remuneration of Rs. 1,10,000/- per annum plus out of pocket expenses, if any, incurred during the course of audit.”MoreLess

   Ordinary
   99.82% for0.18% against

   Against: promoters 0.00% · institutions 0.00% · other public 7.16%

   Turnout: all 55.20% · promoters 100.00% · institutions 0.00% · other public 3.06%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

1. Approval of Material Related Party Transaction proposed to be entered into between the nCompany and S.A.L. Steel Limited for 3 (three) financial years commencing from nFY 2024-25 to FY 2026-27

   Ordinary
   98.49% for1.51% against

   Against: promoters 0.00% · institutions 0.00% · other public 12.82%

   Turnout: all 6.85% · promoters 11.23% · institutions 0.00% · other public 1.74%

2. Approval of Material Related Party Transaction proposed to be entered into between the nCompany and SAL Corporation Limited for 3 (three) financial years commencing from FY n2024-25 to FY 2026-27.

   Ordinary
   98.49% for1.51% against

   Against: promoters 0.00% · institutions 0.00% · other public 12.85%

   Turnout: all 6.85% · promoters 11.23% · institutions 0.00% · other public 1.74%

3. Appointment of Shri Mitesh Vasantbhai Jariwala (DIN: 09396683) as an Independent nDirector of the Company. n

   Special
   99.81% for0.19% against

   Against: promoters 0.00% · institutions 0.00% · other public 12.82%

   Turnout: all 54.55% · promoters 99.93% · institutions 0.00% · other public 1.74%

4. Appointment of Shri Bipinbhai Amulakhbhai Gosalia (DIN: 10521360) as an Independent nDirector of the Company.

   Special
   99.81% for0.19% against

   Against: promoters 0.00% · institutions 0.00% · other public 12.82%

   Turnout: all 54.55% · promoters 99.93% · institutions 0.00% · other public 1.74%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Present: 3 promoters and 36 others.

1. To receive, consider and adopt the Audited financial statements of the Company on Standalone and Consolidated including the Audited Balance Sheet as on 31st March, 2023 the Statement of Profit and Loss and the Cash flow statement for the year ended on that date and the Reports of the Board of Directors and the Auditors of the Company.nMoreLess

   Ordinary
   99.81% for0.19% against

   Against: promoters 0.00% · institutions 0.00% · other public 19.88%

   Turnout: all 54.26% · promoters 100.00% · institutions 0.00% · other public 1.12%

2. To appoint a director in place of Shri Mrinal Sinha (DIN 09482143), who retires by rotation and being eligible, offers himself for re-appointment.

   Ordinary
   99.81% for0.19% against

   Against: promoters 0.00% · institutions 0.00% · other public 19.88%

   Turnout: all 54.26% · promoters 100.00% · institutions 0.00% · other public 1.12%

3. To approve material related party contracts or arrangements to be entered by the Company in the Financial Year 2023-24 and ratification of the related party transactions entered by the Company during the Financial Year 2022-23.MoreLess

   OrdinaryPromoters have an interest in it
   85.03% for14.97% against

   Against: promoters 0.00% · institutions 0.00% · other public 14.97%

   Turnout: all 0.69% · promoters 0.00% · institutions 0.00% · other public 1.49%

4. nAppointment of Shri Ambalal Chhitabhai Patel, (DIN: 00037870) as an Independent Director (Non-Executive) of the Companyn

   Special
   99.81% for0.19% against

   Against: promoters 0.00% · institutions 0.00% · other public 19.94%

   Turnout: all 54.26% · promoters 100.00% · institutions 0.00% · other public 1.12%

5. To ratify the remuneration payable to, M/s. Ashish Bhavsar and Associates as Cost Auditors of the Company for the financial year ending 31st March, 2024

   Ordinary
   99.81% for0.19% against

   Against: promoters 0.00% · institutions 0.00% · other public 19.88%

   Turnout: all 54.26% · promoters 100.00% · institutions 0.00% · other public 1.12%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Present: 4 promoters and 40 others.

1. To receive, consider and adopt the Audited Financial Statements of the Company on Standalone and Consolidated basis for the financial year ended 31st March 2022, and the Reports of Board of Directors and the Auditors thereon.MoreLess

   Ordinary
   100.00% for0.00% against

   Against: promoters 0.00% · institutions 0.00% · other public 0.04%

   Turnout: all 54.60% · promoters 100.00% · institutions 0.00% · other public 1.84%

2. To appoint a Director in place of Shri Ashok Sharma (DIN 00038360), who retires by rotation and being eligible, offers himself for reappointment.

   Ordinary
   100.00% for0.00% against

   Against: promoters 0.00% · institutions 0.00% · other public 0.04%

   Turnout: all 54.60% · promoters 100.00% · institutions 0.00% · other public 1.84%

3. To re-appoint M/s. Parikh & Majmudar, Chartered Accountants (ICAI Registration No. 107525W) as the Statutory Auditors of the Company for second term of 5 years.

   Ordinary
   99.99% for0.01% against

   Against: promoters 0.00% · institutions 0.00% · other public 0.33%

   Turnout: all 54.60% · promoters 100.00% · institutions 0.00% · other public 1.84%

4. Approval of Related Party Transactions

   OrdinaryPromoters have an interest in it
   99.50% for0.50% against

   Against: promoters 0.00% · institutions 0.00% · other public 0.50%

   Turnout: all 0.57% · promoters 0.00% · institutions 0.00% · other public 1.23%

5. Ratification of Remuneration of Cost Auditors for Financial Year 2022-23.

   Ordinary
   100.00% for0.00% against

   Against: promoters 0.00% · institutions 0.00% · other public 0.04%

   Turnout: all 54.60% · promoters 100.00% · institutions 0.00% · other public 1.84%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Present: 5 promoters and 9,574 others.

1. Appointment of Shri Prakashkumar Ramanlal Patel (DIN: 0009482087) as Whole Time Director.

   Ordinary
   100.00% for0.00% against

   Against: promoters 0.00% · institutions 0.00% · other public 0.00%

   Turnout: all 54.11% · promoters 100.00% · institutions 0.00% · other public 0.81%

2. Appointment of Shri Mrinal Sinha (DIN: 0009482143) as Whole Time Director.

   Ordinary
   100.00% for0.00% against

   Against: promoters 0.00% · institutions 0.00% · other public 0.00%

   Turnout: all 54.11% · promoters 100.00% · institutions 0.00% · other public 0.81%

3. Revision in remuneration of Shri Ashok Sharma (DIN: 00038360), Whole-Time Director and CFO of the Company.

   Ordinary
   100.00% for0.00% against

   Against: promoters 0.00% · institutions 0.00% · other public 0.00%

   Turnout: all 54.11% · promoters 100.00% · institutions 0.00% · other public 0.81%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Present: 3 promoters and 36 others.

1. To receive, consider and adopt the Audited Financial Statements of the Company on Standalone and Consolidated basis for the year ended 31st March 2021, and the Reports of Board of Directors and the Auditors thereon.MoreLess

   Ordinary
   99.98% for0.02% against

   Against: promoters 0.00% · institutions 0.00% · other public 0.02%

   Turnout: all 2.38% · promoters 0.00% · institutions 0.00% · other public 5.15%

2. To appoint a Director in place of Shri Rajendra V. Shah (DIN 00020904), who retires by rotation and being eligible, offers himself for reappointment.

   OrdinaryPromoters have an interest in it
   99.98% for0.02% against

   Against: promoters 0.00% · institutions 0.00% · other public 0.02%

   Turnout: all 2.38% · promoters 0.00% · institutions 0.00% · other public 5.15%

3. Approval of Related Party transactions

   OrdinaryPromoters have an interest in it
   99.98% for0.02% against

   Against: promoters 0.00% · institutions 0.00% · other public 0.02%

   Turnout: all 2.38% · promoters 0.00% · institutions 0.00% · other public 5.15%

4. Ratification of Remuneration of Cost Auditors

   Ordinary
   99.99% for0.01% against

   Against: promoters 0.00% · institutions 0.00% · other public 0.01%

   Turnout: all 2.38% · promoters 0.00% · institutions 0.00% · other public 5.15%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.