Shareholders meeting

ll FM flt ls l{t.1 l{fi g1 (m«fmcnR'cfiT~) e-assuring iNDIA MSTC LIMITED (A Govt. of India Enterprise) CIN: L27320WB1964GOI026211 MSTC/CS/SE/771 24th September, 2026 1. The Dy. Manager (Listing) 2. The Manager, Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex Dalal Street, Mumbai 400 001. Bandra (E), Mumbai 400 051 (Scrip Code: 542597) (Scrip Code: MSTCL TD) Dear Sir, Sub: Summary of proceedings of the 61st Annual General Meeting (AGM) held on 24th September 2026 Pursuant to Regulation 30 read with Part A of Schedule Ill of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, please find attached herewith summary of proceedings of the 61st Annual General Meeting of the Company held through VC/ OAVM on Thursday, 24th September, 2026. The AGM started at 11:00 A.M. and concluded at 12:20 P.M. This is for information and record please. Thanking you, Yours faithfully, For MSTC Limited (Ajay Kumar Rai) . Company Secretary & Compliance Officer . ®I www.~stc_india.co.in / www.mstcecommerce.com rs!1'l : mstcindia@mstcindia.in 4~1ict cfill.f~l.f : ~-- 18/2, 175, ~-1"€1" , ?J&f, cfiic1cfildl -700 156, 1l.~.,'lTIB Regd. Office • Plot No. - CF18/2, Street No. - 175, Action Area - lC, New Town, Kolkata _ 700 156, W.B., India ((): (033) 3501-3200, 2340-0000 / 0011 / 0012 / 0013 eJ R,i ftles (ti-I (tfi ~ e-assuring (m«imcfiRcfiT~) iNDIA MSTC LIMITED (A Govt. of India Enterprise) CIN: L27320WB1964GOI026211 Summary of proceedings of the 61st Annual General Meeting of MSTC Limited held on 24th September 2026 through Video Conferencing (VC) / Other Audio-Visual Means (OAVM) The 61st Annual General Meeting (Meeting) of the Members of the MSTC Limited was held on Thursday, the 24th September 2026 at 11.00 A.M. (1ST) through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The proceedings of the AGM was deemed to be conducted at the Registered Office of the Company, which was the deemed venue of the AGM. The meeting commenced at 11.00 A.M. (1ST). Shri Manobendra Ghoshal, Chairman and Managing Director, chaired the Meeting. Around 84 members joined the Meeting through virtual mode. The quorum required under the Companies Act was present throughout the meeting. Shri Manobendra Ghoshal, Chairman & Managing Director, Smt. Bhanu Kumar, Director (Commercial), Shri Subrata Sarkar, Director (Finance) and Company Secretary attended the meeting from the Corporate office of the Company. Smt. Santosh, Govt. Nominee Director, Shri Chandra Shekhar Baghel, Independent Director and Chairman of Audit Committee, Risk Management Committee and CSR Committee, Shri Niwas Mandal, Independent Director and Chairman of Nomination and Remuneration Committee, Smt. Alka Chandrakar, Independent Director and Chairman of Stakeholders Relationship Committee, Shri Siraiong Singpho, Independent Director, Representative of Hon'ble President of India, Representative of Statutory Auditor, Secretarial Auditor, Scrutinizer and other officers of the Company were present over audio visual means throughout the Meeting. The Chairman welcomed the Members and informed that the Meeting was held through VC / OAVM in compliance with the circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. The Company Secretary informed the Members that the facility of casting votes by remote e-voting through NSDL Portal was provided to Members from 20th September, 2026 (9:00 A.M.) and ended on 23rd September, 2026 (5:00 P.M.). In addition, facility fore-voting was also provided during the AGM to those members who did not cast their votes through remote e-voting. The Chairman in his address to members gave an overview of the Economic and Business Environment, performance of the Company and group as a whole during the financial year 2025- 26, operational excellence, achievements and the future scenario of the Industry as well as the Company. The Chairman concluded his speech by placing on record his gratitude to the Hon'ble Union Minister for Steel, Hon'ble State Minster for Steel, Secretary (Steel), Additional Secretary and FA (Steel) and other officials of the Ministry of Steel, Ministries of Power, Defence, Coal, Mining, Civil & Aviation, Petroleum & Natural Gas and other Central Government Ministries, all State Governments, various Central and State Public Sector Undertakings, private companies, bankers and our principals and all other stakeholders, for their valuable assistance and guidance extended to the Company during the year. He also placed on record the appreciation of the sincere efforts made by Directors and various employees at all level, stakeholders, customers and suppliers for the trust and confidence reposed by them on the Company with assurance to create more value to the stakeholders. @;I www.mstcindia.co.in / www.mstcecommerce.com ~ : mstcindia@mstcindia.in q~'Jid cfil4f(14 : ~ U.- ~ 18/2, 1TT1f U.- 175, ~ ~ - 1~, ~ "21&f, ch2 IC'lcfildl -700 156, 'lf."~.,'llRo Regd. Office : Plot No. - CF18/2, Street No. - 175, Action Area - IC, New Town, Kolkata -700 156, W.B., India ({): (033) 3501-3200, 2340-0000 / 0011 / 0012 / 0013 Thereafter, the Company Secretary informed the Shareholders that since there is no qualification in the Statutory Auditor's Report, the same is deemed to be read. He also informed the members that the Secretarial Audit report contained some observations and Comptroller and Auditor General of India (CAG) has also made some comments on the Standalone as well as Consolidated Financial Statements of the Company. It was informed to the members that Observations of Secretarial Auditor, Comments of CAG and Comments of the management on the observations of Secretarial Auditor and CAG have already been provided in the Annual Report. Since the observations of Secretarial Auditor and comments of CAG does not have any adverse effect on the functioning of the Company, the same was not read during the meeting. The members were informed that the Company had appointed M/s. Bajaj Todi & Associates, Practicing Company Secretaries, to scrutinize the remote e-voting as well as e-voting at the AGM in a fair and transparent manner. The Company Secretary read out the 7 business items proposed for approval by members at the meeting. The shareholders, who had registered as speakers in advance with MSTC, were then invited to share their views and ask their questions. The speaker shareholders praised the management of the company for its performance during the year 2025-26, gave some suggestions and asked few queries and sought clarification on some topics. Thereafter, the Chairman and other functional directors responded to the queries raised / clarifications sought by the members on the various issues during the meeting as well as those received through emails, which inter-alia included operational and financial performance of the Company, updates on new business activities, future Capex plans, future business plans, Legal Cases, ESG rating, CSR Activities of the company, Business threats and mitigation plans, performance of JV company and other general queries related to business & financials of the company. The following resolutions were put up for consideration of the shareholders as per the notice of the meeting: ORDINARY BUSINESS 1. To receive, consider and adopt the Audited Standalone as well as Consolidated Financial Statements of the Company for the financial year ended March 31, 2026 together with the Reports of the Board and the Auditors thereon and comments of the Comptroller and Auditor General of India. 2. To confirm Interim dividend paid @ Rs. 7.60 per share on equity shares for the Financial Year 2025-26 and to declare final dividend @ Rs. 8.10 per share (81 %) on equity shares for the financial year 2025-26. 3. To appoint a Director in place of Shri Manobendra Ghoshal (DIN 09762368), who retires by rotation and being eligible, offer himself for [Showing first 8,000 characters — download PDF for full document]