AGM Details

The 18th Annual General Meeting will be held on Wednesday, September 30, 2026 at 02:00 PM (IST) through Video Conferencing/Other Audio-Visual Means. The deemed venue is the Registered Office of the Company at 7A/39, WEA Channa Market, Karol Bagh, New Delhi-110005.

Register Closure

The Register of Members and Share Transfer Books will remain closed from Friday, September 25, 2026 to Wednesday, September 30, 2026 (both days inclusive) for the purpose of the AGM.

E-Voting Details

Remote e-voting facility is provided through NSDL. The e-voting period commences on Sunday, September 27, 2026 at 9:00 AM (IST) and ends on Tuesday, September 29, 2026 at 5:00 PM (IST). The cut-off date for determining voting rights is Thursday, September 24, 2026.

Ordinary Business

Item 1: Adoption of Financial Statements

To consider and adopt the audited standalone financial statements of the company for the financial year ended March 31, 2026 along with the reports of the Board of Directors and Auditors thereon.

Item 2: Re-appointment of Director

To re-appoint Mr. Chander Shekhar Jain (DIN: 08639491) as Director who retires by rotation. He is currently drawing remuneration of ₹4,80,000 per annum.

Special Business

Item 3: Re-appointment of Managing Director

To re-appoint Mr. Chander Shekhar Jain as Managing Director for a period of 5 years from August 14, 2026 to August 13, 2031.

Remuneration Details:

  • Salary: Up to ₹10,00,000 per annum (currently drawing ₹4,80,000)
  • Other benefits as granted to senior executives
  • Minimum remuneration payable in case of loss or inadequacy of profits

Item 4: Re-appointment of Whole-Time Director

To re-appoint Mr. Nitin Aggarwal (DIN: 06713847) as Whole-Time Director for a period of 5 years from February 14, 2027 to February 13, 2032.

Remuneration Details:

  • Salary: Up to ₹10,00,000 per annum (currently drawing ₹7,80,000)
  • Other benefits as granted to senior executives
  • Minimum remuneration payable in case of loss or inadequacy of profits
  • Mr. Aggarwal holds 42,06,692 shares in the company

Item 5: Related Party Transactions

To approve material related party transactions with Proxima Industries Private Limited up to ₹200 crores between the conclusion of the 18th AGM and conclusion of the 19th AGM in 2027.

Transaction Details:

  • Nature: Sale, purchase, job work, services, and short-term working capital requirements
  • Related directors: Mr. Nitin Aggarwal and Mr. Chander Shekhar Jain are directors and shareholders of Proxima Industries
  • All transactions occur in normal course of business at market conditions

Financial Performance

| Particulars | 2025-26 (₹ in Lakhs) | 2024-25 (₹ in Lakhs) |

| Revenue | 9,967.46 | 9,763.22 |

| Expenditure | 9,896.38 | 9,657.53 |

| Profit Before Tax | 98.08 | 105.68 |

| Less: Tax | 24.76 | 26.64 |

| Net Profit | 73.32 | 79.04 |

Additional Information

  • The company is engaged in trading of ferrous and non-ferrous metals
  • 100% of paid-up capital is in demat form as of the notice date
  • Mr. Sanjeev Dabas, Practicing Company Secretary, appointed as Scrutinizer for e-voting
  • Institutional investors are encouraged to attend through VC/OAVM and vote electronically
  • The company faces challenges due to volatile market conditions, metal price fluctuations, and strong competition