Meeting Details

The 37th Annual General Meeting will be held on Tuesday, 29th September 2026 at 11:30 a.m. IST through Video Conferencing (VC) / Other Audio Visual Means (OAVM). The deemed venue is the registered office at Mumbai.

Ordinary Business Agenda

1. Adoption of Financial Statements

To receive, consider and adopt the Audited Balance Sheet, Statement of Profit and Loss, Cash Flow Statement and Notes to Accounts for the year ended 31st March 2026, together with Board's Report and Auditor's Report.

2. Dividend Declaration

To declare dividend for the Financial Year ended 31st March 2026. The proposed dividend is ₹0.30 per share (6%) on equity shares of ₹5 each.

3. Director Re-appointment

To appoint Mr. Narendrakumar Gupta (DIN: 00062268) who retires by rotation and offers himself for re-appointment. He is a Non-Executive Non-Independent Director serving since the company's inception in 1989.

4. Statutory Auditor Re-appointment

To re-appoint M/s. Singh Mundada & Associates, Chartered Accountants (Firm Registration No. 122059W) as Statutory Auditors for a second term of five years from conclusion of 37th AGM until conclusion of 42nd AGM. Proposed statutory audit fees: ₹2.40 lakhs excluding out-of-pocket expenses.

Special Business Agenda

5. Cost Auditor Remuneration Ratification

To ratify remuneration payable to M/s B. R. Chandak & Company, Cost Accountants (Firm Registration No. 021959) for conducting cost audit for FY2026-27 at remuneration of ₹55,000/- plus applicable taxes.

6. Material Related Party Transactions Approval

To approve material related party transactions with R L Steels & Energy Limited for FY2027-28:

  • Total Purchase: ₹200 Crores
  • Total Sale: ₹30 Crores

Related Party Details:

  • R L Steels & Energy Limited is a public company where Mr. Narendrakumar Gupta serves as director and holds more than 2% paid-up share capital
  • Relationship: Director connection
  • Financial Performance of R L Steels (Standalone):
  • FY 24-25: Turnover ₹883.12 Cr, Net Worth ₹127.30 Cr, Net Profit ₹3.32 Cr
  • FY 23-24: Turnover ₹869.16 Cr, Net Worth ₹125.05 Cr, Net Profit ₹8.74 Cr
  • FY 22-23: Turnover ₹770.71 Cr, Net Worth ₹116.31 Cr, Net Profit ₹9.04 Cr

Previous Transaction History:

  • FY 2025-26: Total Purchase ₹93.60 Cr, Total Sale ₹22.04 Cr
  • Q1 FY 2026-27: Total Purchase ₹27.64 Cr, Total Sale ₹3.74 Cr

Transaction Justification:

Procurement from R L Steels helps save transportation costs and delivery time as both companies are located in Chh. Sambhaji Nagar (Aurangabad). Transactions are at arm's length basis evaluated against market rates.

Dividend Details

  • Book Closure: 23rd September 2026 to 29th September 2026 (both days inclusive)
  • Record Date: Tuesday, 22nd September 2026
  • Dividend Payment Date: On or before Tuesday, 27th October 2026
  • Dividend Rate: ₹0.30 per share (6% on ₹5 face value)

Voting Arrangements

  • Remote e-voting period: Saturday, 26th September 2026 (9:00 a.m.) to Monday, 28th September 2026 (5:00 p.m.)
  • Cut-off date for voting eligibility: Tuesday, 22nd September 2026
  • E-voting agency: Bigshare Services Private Limited
  • Scrutinizer: CS Nitin S. Sharma, Practising Company Secretary

Shareholder Services Information

  • Registrar & Transfer Agent: Bigshare Services Private Limited
  • Unclaimed dividend for FY2018-19 must be claimed by 24th September 2026 before transfer to IEPF
  • Physical shareholders must update PAN, KYC, and nomination details with RTA
  • Company encourages dematerialization of physical shares

Director Profile (Mr. Narendrakumar Gupta)

  • Designation: Chairman – Non-Executive Non-Independent Director
  • Date of Birth: 31/03/1959 (67 years)
  • Date of Appointment: 21/06/1989
  • Qualification: Graduate
  • Experience: 43+ years in steel, hand tools, and forging industries
  • Shareholding: 16,77,780 shares in company
  • Other Directorships: 6 companies including R L Steels & Energy Limited