Investor & Public Update – Madhur Iron & Steel (India) Limited

18 August 2025

It is hereby informed that Madhur Iron & Steel (India) Limited has issued a notice convening its 1st Extra-Ordinary General Meeting (EGM) for the financial year 2025-26. The meeting is scheduled to be held on Saturday, 23rd August 2025 at 5:00 P.M. at the company’s registered office in Bhilai, Chhattisgarh.

The following key matters are proposed for shareholders’ consideration:

1. Regularisation of Appointment of Independent Director – Mr. Prashant Samantrai (DIN: 07780428) has been recommended for appointment as an Independent Director for a five-year term.

2. Change in Designation of Director – Mr. Rajesh Modha (DIN: 09419073) has been proposed to be designated as Whole-Time Director for a period of five years commencing from 16th August 2025.

3. Approval for Loans, Investments, and Guarantees – Authorization is sought for the Board to make investments, give loans, guarantees, or provide security up to a limit of INR 200 crores, exceeding the limits prescribed under Section 186 of the Companies Act, 2013.

4. Increase in Authorised Share Capital – The authorised capital of the company is proposed to be increased from INR 25 crores to INR 75 crores, with necessary amendments in the Memorandum of Association.

5. Issue of Bonus Shares – A bonus issue of equity shares in the ratio of 1:1 (one new share for every existing share) has been recommended, by capitalising reserves of INR 14.89 crores.

The Board has stated that these measures are aimed at strengthening the company’s governance, operational capacity, and capital structure, while also rewarding shareholders through the proposed bonus issue.