Inducto Steel Ltd

Dematerialisation/rematerialisation processing

• Dematerialisation requests were processed and confirmed to the depositories.
• Securities dematerialised were listed on the exchanges where earlier issued securities are listed.
• Physical certificates were mutilated and cancelled after verification; depository name updated as registered owner within timelines.

AGM Details

• AGM held via VC/OAVM on 30 Sep 2026 at 10:00 IST.

Key Resolutions and Outcomes

• Adopt financial statements and reports — passed.
• Re-appointment by rotation of director S. Kewlani — passed.
• Re-appointment of director Reniwal — passed.
• Appointment of statutory auditors for year ending 31 March 2027 — passed.

AGM Details

• AGM held on Sep 30, 2026 at 10:00 AM IST via VC/OAVM.
• Remote e-voting open Sep 27–29, 2026.
• E-voting at AGM available for members.

Key Resolutions

• Adoption of audited standalone and consolidated financial statements for year ended Mar 31, 2026.
• Re-appointment of Sweety Reniwal on rotation.
• Remuneration for cost auditors M/s Kewlani & Associates for FY2027.
• All resolutions passed with requisite majority.

Dividend

• No dividend proposed or declared.

Director Changes

• Ms. Sweety Reniwal to be re-appointed on rotation.

Auditor Appointments

• Remuneration for cost auditors approved for FY2027.

Inducto Steel Limited: Trading Window closed from Oct 01, 2026; to reopen 48 hours after the unaudited Standalone and Consolidated Financial Results for the quarter and half-year ended Sep 30, 2026 become generally available.

Transaction details

• Target Company: Inducto Steel Limited.
• Acquirer: Rajeev Renwal; PACs: Sanjeev Renwal, Shantisaiup Renwal, Shantisarup Renwal & Sons, Shalini Renwal.
• Promoter group: Yes.
• Transaction Type: Acquisition of voting rights via inter-se transfer (gift deed).
• Pre-Transaction Holding: Shares carrying voting rights 2,784,774 (69.32% of 4,017,254).
• Encumbrances: 1,205,176 encumbered shares.
• Acquired voting rights: 153,375 shares.
• Mode: Inter-se transfer via Gift deed.
• Dates of acquisition: 18 Aug 2026 and 20 Aug 2026.
• Intimation of transfer: 24 Sep 2026.
• Post-Transaction Holding: Voting rights 2,938,149 (73.11% of 4,017,254).
• Encumbrances: NIL.
• Equity share capital before/after: 4,017,254 shares (Rs 10 each).
• Total diluted share capital: 4,017,254.

Acquisition details

• Target: Inducto Steel Limited.
• Acquirer: Rajeev Renival.
• PACs: Sanjeev Shantisarup Renival; Shantsarup Renival; Shantisarup Renival & Sons; Shalini Sanjeev Renival; Unnati Renival.
• Promoter group: Yes.
• Exchanges: BSE.
• Pre-acquisition voting rights: 15,79,598; encumbrances: 12,05,176; total 27,84,774.
• Acquired voting rights: 1,53,375.
• Mode: Inter-se Transfer via Gift Deed.
• Date of acquisition: 18 Aug 2026 and 20 Aug 2026.
• Date of transfer intimation: 24 Sep 2026.
• Equity capital before/after: 40,17,254 shares of Rs 10; Rs 4,01,72,540.
• Post-acquisition voting rights: 27,84,774 shares; promoter stake 69.32%.

Promoter inter-se transfer details

• Inter-se transfer among Inducto Steel promoters involved gift of 1,53,375 shares.
• Acquirer Rajeev Shantisarup Renwal received 1,53,375 shares; exemption under Regulation 10(1)(a)(i)/(ii).
• Post-transaction pre-existing holding 3,37,526 shares; post-holding 4,90,901 shares, 12.22%.
• Two transfers recorded on Aug 18 and Aug 20, 2026; concluded disclosure under Regulation 10(6).
• Cited exemption subject to conditions; prior intimation under Regulation 10(5) not submitted but later recorded.
• Disclosure submitted to stock exchanges, per SEBI SAST requirements.

Promoter inter-se transfer details

• Nature and type: inter-se transfer of equity shares among promoter group by gift.
• Exemption: Regulation 10(a)(i) and (u) of SEBI (SAST) Regulations 2011.
• Acquirer: Promoter; Transferor: Immediate relative promoter.
• Total shares transferred: 153,375 (3.82% of diluted share capital).
• Acquirer pre-transaction holding: 337,526 shares (8.4%).
• Acquirer post-transaction holding: 490,901 shares (12.22%).
• Transferor pre-transaction holding: 153,375 shares (3.82%).
• Transferor post-transaction holding: 0% of diluted share capital.
• Method: Gift via inter-se transfer among promoters.
• Consideration: Nil; acquired by gift.
• Promoter group structure: Intra-promoter transfer increases acquirer stake; public shareholding unchanged.

Promoter gift transfer & disclosure

• Inter-se gift transfer of 153,375 Inducto Steel shares to Rajeev Reniwal (Aug 18–20, 2026).
• Acquirer is promoter Rajeev Shantisarup Reniwal; donor is promoter Lalitadevi Shantisarup Reniwal.
• Total shares transferred: 153,375; promoter holding post-transaction: 69.32% (2,784,774 shares).
• Exemption under Regulation 10(1)(a)(1) and Regulation 10(1)(a)(11) of SEBI SAST.
• Late intimation under Regulation 10(5) not submitted prior; disclosed subsequently.
• Submission date 24 September 2026; intimation forwarded to stock exchange.
• Post-transaction promoter holding: 69.32% (2,784,774 shares); seller held 38.2% (153,375) before.
• Disclosures filed under Regulation 10(5) with Annexure A; post-acquisition disclosures to follow.
• Declarations confirm compliance; omission acknowledged and commitment to timely future disclosures.