Sathavahana Ispat (Delisted) MD, chairman, board of directors and AGM

BSE: 526093Ferrous Metals

Last traded ₹2.28 on 27 Mar 2023

Delisted on 1 Jul 2025.

Sathavahana Ispat AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Sathavahana Ispat share news and announcements

Annual general meeting, 30 Dec 2022

Present: 2 promoters and 38 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Accounts of the Company for the year ended 31st March, 2022 along with the Reports of Directors and the Auditors thereon
    Ordinary
    77.98% for22.02% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.66%

    Turnout: all 24.98% · promoters 49.17% · institutions 99.47% · other public 0.03%

  2. To consider and approve reappointment of M/s Majeti & Co, Chartered Accountants, Hyderabad
    Ordinary
    77.98% for22.02% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.66%

    Turnout: all 24.98% · promoters 49.17% · institutions 99.47% · other public 0.03%

  3. Ratification of the Remuneration to Cost Auditors.
    Ordinary
    77.98% for22.02% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.66%

    Turnout: all 24.98% · promoters 49.17% · institutions 99.47% · other public 0.03%

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.

Annual general meeting, 31 Jan 2022, 1 resolution

Present: 1 promoter and 36 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Accounts of the Company for the year ended 31st March, 2021 along with the Reports of Directors and the Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 36.27% · promoters 81.54% · institutions 0.00% · other public 7.28%

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.

Annual general meeting, 28 Dec 2021, 2 resolutions

Present: 0 promoters and 54 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Accounts of the Company for the year ended 31st March, 2021 along with the Reports of Directors and the Auditors thereon.
    Ordinary
    1.67% for98.33% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.02%

    Turnout: all 5.59% · promoters 0.00% · institutions 99.47% · other public 0.17%

  2. Ratification of the Remuneration to Cost Auditors
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.13%

    Turnout: all 5.59% · promoters 0.00% · institutions 99.47% · other public 0.17%

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.

Annual general meeting, 29 Dec 2020, 4 resolutions

Present: 6 promoters and 108 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Accounts of the Company for the year ended 31st March, 2020 along with the Reports of Directors and the Auditors thereon.
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 37.90% · promoters 85.51% · institutions 0.00% · other public 6.75%

  2. To appoint a Director in the place of Shri A.S. Rao, (DIN: 00899415), who retire by rotation and being eligible offers himself for re-appointment
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 35.10% · promoters 78.44% · institutions 0.00% · other public 6.75%

  3. Ratification of the Remuneration to Cost Auditors
    Ordinary
    100.00% for0.00% against

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

    Turnout: all 37.90% · promoters 85.51% · institutions 0.00% · other public 6.75%

  4. Approval of remuneration of Mr. A.S. Rao, Executive Vice Chairman in terms of Regulation 17(6)(e) of SEBI Amended Listing Regulations for the remaining tenure of his appointmentn
    Special
    100.00% for0.00% against

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

    Turnout: all 35.10% · promoters 78.44% · institutions 0.00% · other public 6.75%

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.

Annual general meeting, 30 Sep 2019, 7 resolutions

Present: 8 promoters and 848 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Accounts of the Company for the year ended 31st March, 2019 along with the Reports of Directors and Auditors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.50%

    Turnout: all 29.99% · promoters 81.81% · institutions 0.00% · other public 0.05%

  2. To appoint a Director in place of Shri NARESH KUMAR ADUSUMILLI (DIN: 00112566) who retires by rotation and being eligible, offers himself for reappointment as Director.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.94%

    Turnout: all 29.99% · promoters 81.81% · institutions 0.00% · other public 0.05%

  3. To Re-appoint Shri S.N.RAO (DIN: 00116021) as Independent Director for Second Term
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.94%

    Turnout: all 29.99% · promoters 81.81% · institutions 0.00% · other public 0.05%

  4. To appoint Shri RAMANA KUMAR DAVULURI (DIN-01713259) as Executive Director (Operations).
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.94%

    Turnout: all 29.99% · promoters 81.81% · institutions 0.00% · other public 0.05%

  5. To re-appoint Shri NARESH KUMAR ADUSUMILLI (DIN: 00112566) as Managing Director and fix his remuneration
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.94%

    Turnout: all 29.99% · promoters 81.81% · institutions 0.00% · other public 0.05%

  6. To appoint Shri Ramana Kumar Davuluri (DIN-01713259) as Executive Director (Operations) and fix his remuneration
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 30.26%

    Turnout: all 29.99% · promoters 81.81% · institutions 0.00% · other public 0.05%

  7. To approve the appointment and fix remuneration payable to Cost Auditors, M/S.NAGESWARA RAO & CO., (Firm’s Registration Number: 000332) for the year ending 31st March 2020
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.94%

    Turnout: all 29.99% · promoters 81.81% · institutions 0.00% · other public 0.05%

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.

Postal ballot, 26 Mar 2019, 4 resolutions

The company's voting result (opens in a new tab)

  1. Reapponitment of Shri.Thanu Kolappa Pillai (DIN - 0123920) as Independent Director
    Special
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.00% · other public 18.01%

    Turnout: all 36.77% · promoters 100.00% · institutions 0.00% · other public 0.32%

  2. Reappointment of Shri Syed Anis Hussain (DIN - 0115949) as Independenet Director
    Special
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.00% · other public 17.43%

    Turnout: all 36.77% · promoters 100.00% · institutions 0.00% · other public 0.32%

  3. Appointment of Smt Latha Pamula (DIN-08358726) as an Independent Woman Director
    Special
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.00% · other public 17.69%

    Turnout: all 36.77% · promoters 100.00% · institutions 0.00% · other public 0.32%

  4. Appointment of Shri Yeda Kiran Kumar (DIN - 08068075) as Small Shareholders Director
    Special
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.00% · other public 17.67%

    Turnout: all 36.77% · promoters 100.00% · institutions 0.00% · other public 0.32%

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.

Annual general meeting, 29 Sep 2018, 6 resolutions

Present: 9 promoters and 813 others.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the Audited Accounts of the Company for the year ended 31st March, 2018 along with the Reports of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.27%

    Turnout: all 36.85% · promoters 100.00% · institutions 0.00% · other public 0.48%

  2. To appoint a Director in place of Shri A.S.Rao (DIN:00899415) who retires by rotation and being eligible offers himself for reappointment as Director.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.32%

    Turnout: all 36.85% · promoters 100.00% · institutions 0.00% · other public 0.48%

  3. To appoint a Director in place of Dr. Shailendra Dasari (DIN:07263439) who retires by rotation and being eligible, offers himself for reappointment as Director.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.32%

    Turnout: all 36.85% · promoters 100.00% · institutions 0.00% · other public 0.48%

  4. To re-appoint Shri A.S.Rao (DIN:00899415) as Executive Vice Chairman and in this regard to consider and if thought fit, to pass, with or without modifications the following resolution as a Special Resolution:MoreLess
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.32%

    Turnout: all 36.85% · promoters 100.00% · institutions 0.00% · other public 0.48%

  5. To appoint Dr. Shailendra Dasari (DIN:07263439) as Executive Director (Operations) and in this regard to consider and if thought fit, to pass, with or without modifications the following resolution as a Special Resolution:MoreLess
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.32%

    Turnout: all 36.85% · promoters 100.00% · institutions 0.00% · other public 0.48%

  6. To approve/fix the remuneration payable to Cost Auditors, M/s. S. Mahadevan & Co., (Firm?s Registration Number: 00007) for the year ending 31st March 2019.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.32%

    Turnout: all 36.85% · promoters 100.00% · institutions 0.00% · other public 0.48%

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.