Key Event Details

  • AGM Date: Tuesday, June 30, 2026 at 12:00 p.m. through Video Conferencing/Other Audio-Visual Means
  • Original Filing Date: June 04, 2026
  • Corrigendum Date: June 25, 2026
  • Reason for Corrigendum: Omission of certain details pertaining to minimum information of proposed Related Party Transaction (Resolution No. 05) and typographical/clerical errors in Explanatory Statement of Item No. 05

Financial Information

FY 2025-26 Performance:

  • Total Revenue: ₹38,992.54 lakhs (FY 2024-25: ₹33,679.76 lakhs)
  • Other Income: ₹80.02 lakhs (FY 2024-25: ₹50.66 lakhs)
  • Total Income: ₹39,072.56 lakhs (FY 2024-25: ₹33,730.41 lakhs)
  • Profit Before Tax: ₹1,114.45 lakhs (FY 2024-25: ₹995.73 lakhs)
  • Profit After Tax: ₹816.92 lakhs (FY 2024-25: ₹741.39 lakhs)
  • EPS (Basic & Diluted): ₹6.45 (FY 2024-25: ₹5.86)

Dividend Declaration:

  • Final Dividend: ₹0.75 per equity share of ₹5 each (15% of total equity share capital)
  • Record Date: June 19, 2026
  • Book Closure: June 24, 2026 to June 30, 2026
  • Payment Date: On or after July 29, 2026

Related Party Transaction Details

Resolution No. 5: Approval of RPT with Shiv Shakti Enterprises

  • Transaction Type: Purchase of CRNO Coils and CRNO Semi Processed Coils
  • Maximum Value: ₹60,00,00,000 (Sixty Crores) for FY 2026-27
  • Percentage of Annual Turnover: 15.39% of FY 2025-26 standalone turnover (₹38,992.54 lakhs)
  • Relationship: Shiv Shakti Enterprises is a related party where:
  • Chahaya Ketan Mehta (Promoter) is Partner
  • Kanchi Ketan Mehta (Daughter of MD) is Partner
  • Chhaya Info-Tech Industrial Private Limited (where Ketan Mehta & Chhaya Ketan Mehta are Directors) is Partner
  • Manjula Mehta Family Trust (where Ketan Mehta & Chhaya Ketan Mehta are Trustees) is Partner

Previous Transactions with Shiv Shakti Enterprises:

  • FY 2025-26: ₹36,09,59,768 (with GST)/₹30,15,31,058.12 (without GST)
  • Current FY up to preceding quarter: ₹6,43,38,961.45 (with GST)/₹5,45,24,541.75 (without GST)

Financial Performance of Shiv Shakti Enterprises (2024-25):

  • Turnover: ₹38,24,05,405
  • Profit After Tax: ₹2,28,84,065
  • Net Worth: ₹10,90,32,802

Management Appointments and Remuneration

Resolution No. 6: Re-appointment of Mr. Ketan Harilal Mehta as Managing Director

  • Period: April 1, 2026 to March 31, 2031 (5 years)
  • Monthly Salary: ₹11,66,667
  • Perquisites: Personal Accident Insurance, medical reimbursement, company provided car and driver
  • Total Annual Remuneration: ₹1,40,00,000
  • Minimum Remuneration: In case of inadequacy of profits, remuneration as per Section II of Part II of Schedule V of Companies Act, 2013

Resolution No. 7: Remuneration of Mrs. Sarika Bhise, Director

  • Annual Remuneration for FY 2026-27: ₹13,00,000

Resolution No. 3: Re-appointment of Mrs. Sarika Bhise as Director

  • Retiring by rotation and offering herself for re-appointment

Secretarial Auditor Re-appointment

Resolution No. 4: Re-appointment of M/s. Sark & Associates LLP

  • Term: 5 consecutive financial years from April 1, 2026 to March 31, 2031
  • Professional Fee: ₹1,20,000 plus applicable taxes

Corporate Governance Information

Board of Directors:

  • Mr. Ketan Mehta (Managing Director)
  • Mrs. Sarika Bhise (Executive Director)
  • Mr. Dhirendra Mehta (Independent Director)
  • Mr. Atul Thakkar (Independent Director)
  • Mrs. Dhruvi Sanghvi (Independent Director)
  • Mr. Darshan Sanghavi (Independent Director)
  • Mr. Dharmendra Mehta (Independent Director)

Key Managerial Personnel:

  • Pranali Bhatade (Chief Financial Officer)
  • Shriddha Gupta (Company Secretary & Compliance Officer)

Board Meetings Held in FY 2025-26: 5 meetings

  • May 13, 2025
  • August 11, 2025
  • November 10, 2025
  • January 29, 2026
  • March 30, 2026

Additional Information

  • Unclaimed Dividend for transfer to IEPF: Final Dividend for FY 2018-19 declared on September 30, 2019, due for transfer on November 05, 2026
  • E-voting Period: June 27, 2026 (9:00 AM) to June 29, 2026 (5:00 PM)
  • Cut-off date for e-voting: June 23, 2026

Financial Position (as of March 31, 2026)

  • Total Assets: ₹12,410.29 lakhs
  • Total Equity: ₹4,975.31 lakhs
  • Share Capital: ₹633.02 lakhs (1,26,60,480 equity shares of ₹5 each)
  • Borrowings: ₹227.75 lakhs
  • Trade Receivables: ₹10,204.22 lakhs
  • Inventories: ₹306.84 lakhs
  • Cash & Cash Equivalents: ₹913.76 lakhs