STEEL EXCHANGE INDIA LIMITED — Others, 24-04-2025: Shareholders meeting

Steel Exchange India Limited seeks shareholder approval via a Postal Ballot to reappoint Mr. B. Satish Kumar as Chairman & Managing Director for another three years starting March 1, 2025. His proposed monthly salary is ₹8.25 lakh (8.25 Cr annually), along with various perquisites. This reappointment is set against a backdrop of improved financial performance, with a reported net profit of ₹10.69 Cr for FY 2023-24, following past losses. This move is expected to maintain leadership continuity, positively influencing investor sentiment as the company targets operational improvements and growth in steel demand.