Ashoka Metcast Holds 17th AGM on 17th September 2026

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ASHOKAMET (NSE)

Ashoka Metcast Limited conducted its 17th Annual General Meeting (AGM) on Thursday, 17th September 2026 from 3:30 PM IST to 3:33 PM IST through Video Conferencing (VC)/Other Audio Visual Means (OAVM). The meeting was held in compliance with Regulation 30 read with sub-para 13 of Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant circulars issued by the Ministry of Corporate Affairs (MCA) and SEBI.

Mr. Shalin Shah, Director of the Company, presided over the meeting as Chairman. The Chairman confirmed that requisite quorum was present and declared the meeting duly constituted. The participation of Members through Video Conferencing was considered for determining quorum in accordance with Section 103 of the Companies Act, 2013.

Attendance

The following individuals attended the meeting through video conference:

• Mr. Ashok Shah, Managing Director (DIN: 02467830)
• Mr. Shalin Shah, Director (Chairman)
• Mr. Hiteshkumar Donga, Non-Executive Director
• Mr. Rushabh Shah, Independent Director
• Mrs. Jhanvi Sethi, Additional (Independent) Director
• Mr. Kunjan Rathod, Independent Director
• Mr. Chandrakant Chauhan, Chief Financial Officer
• Mr. Ankur Rastogi, Company Secretary & Compliance Officer
• Mr. Shivam Soni, representing M/s. GMCA & Co., Chartered Accountants (Statutory Auditors)
• Mr. Chintan Patel, Practicing Company Secretary (Secretarial Auditor)

The Chairman informed that Mr. Ashok Shah, Mr. Hiteshkumar Donga, Mr. Chintan Patel, and Mr. Shalin Shah were also Members of the Company and their presence was considered for quorum purposes.

Company Performance Overview

The Chairman provided a brief overview of the company's performance:

• The company is engaged in the business of trading TMT bars and Round Bars
• Standalone Profit After Tax for FY 2025-26: ₹50.20 Lakhs (compared to ₹239.01 Lakhs in previous financial year)
• Consolidated Profit After Tax for FY 2025-26: ₹1,079.98 Lakhs (compared to ₹548.52 Lakhs in previous financial year)
• The consolidated performance reflected continued growth of the Group's business

Business Items Discussed

The following business items forming part of the Notice of the 17th AGM were presented:

1. To receive, consider and adopt the Standalone and Consolidated Financial Statements for the year ended 31st March 2026, including Audited Balance Sheet, Statement of Profit and Loss, Cash Flow Statement, and Reports of Board of Directors and Auditors

2. Re-appointment of Mr. Shalin Ashok Shah, Non-Executive Director, who retires by rotation

3. Regularization of appointment of Mrs. Jhanvi Vikas Sethi as Non-Executive Independent Director

4. Approval for enhancement of limit for availing financial assistance from Promoter and Promoter Group and conversion of loan into equity shares

5. Entering into material related party transactions with Rhetan TMT Limited

6. Entering into material related party transactions with Ashnisha Industries Limited

7. Entering into material related party transactions with Lesha Industries Limited

8. Entering into material related party transactions with Gujarat Natural Resources Limited

9. Entering into material related party transactions with Lesha Ventures Private Limited

Voting Process

The Chairman informed that:

• Remote e-voting facility was available to Members from 14th September 2026 to 16th September 2026
• Mr. Chintan K. Patel, Practicing Company Secretary (Membership No. A31987; COP No. 11959) was appointed as Scrutinizer
• No requests were received from shareholders to raise queries or express views during the meeting
• Consolidated results of remote e-voting and e-voting at AGM would be declared within two working days and made available on websites of BSE, NSE, the Company, and CDSL
• E-voting facility remained available during the AGM for Members who had not exercised their vote through remote e-voting
• Eligible Members were provided 15 minutes after conclusion of the AGM to cast their votes

The meeting was concluded at 3:33 PM IST, after which 15 minutes were provided for e-voting at the meeting.

Document Availability

The Chairman informed that Statutory Registers and other documents referred to in the Notice and Explanatory Statement had been made available electronically for inspection by Members up to the date of the AGM. Members could request inspection by writing to compliance@ashokametcast.in.