BSRM Steels approves 50pc cash dividend at AGM
The 23rd annual general meeting of BSRM Steels Limited was held on 24 December at 10:30am on a digital platform.
The meeting was presided over by Chairman Alihussain Akberali FCA. In his opening remarks, he discussed key aspects of the company's financial performance for the 2024–25 financial year and briefed shareholders on future growth prospects.
At the meeting, shareholders approved the audited financial statements for the year ended 2024–25, along with the report of the board of directors. A 50 per cent cash dividend was unanimously approved.
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All agenda items, including the reappointment of directors and appointment of auditors for the 2025–26 financial year, were also passed.
The managing director presented the board's report and addressed key operational and strategic issues of the company. Shareholders participated in the meeting through a web link and cast their votes using their respective BO IDs.
During the question-and-answer session, shareholders raised queries regarding the company's financial statements and future plans, which were addressed by the company secretary. Shareholders expressed their confidence in the board through their comments.
The managing director, directors, company secretary, auditors, independent scrutiniser and a large number of shareholders attended the meeting virtually.
