Key Dates and Events

  • 29th AGM Date: Tuesday, September 29, 2026 at 02:00 PM IST
  • Meeting Format: Video Conferencing/Other Audio Visual Means (VC/OAVM)
  • Deemed Venue: Registered Office at 7A/39 (12 First Floor), WEA Channa Market, Karol Bagh, New Delhi - 110005
  • Register Closure Period: Thursday, September 24, 2026 to Tuesday, September 29, 2026 (both days inclusive)
  • E-voting Period: Saturday, September 26, 2026 at 9:00 AM to Monday, September 28, 2026 at 5:00 PM
  • Record Date/Cut-off Date: Wednesday, September 23, 2026 for voting eligibility
  • Annual Report Entitlement Cut-off: Friday, August 28, 2026

Ordinary Business Items

Item 1: Adoption of audited standalone and consolidated financial statements for FY ended March 31, 2026 along with reports of Board of Directors and Auditors

Item 2: Re-appointment of Mr. Arun Kumar Jain (DIN: 00438324) as Director retiring by rotation

Special Business Items

Item 3: Approval of remuneration for Mr. Arun Kumar Jain, Managing Director

  • Maximum remuneration: ₹1,00,00,000 (One Crore) per annum
  • Remuneration includes salary, house rent allowance, conveyance allowance, bonus, incentive, and other allowances
  • Additional perquisites: car running/repairs/insurance, telephone/mobile/Wi-fi expenses, club membership, travel for self and family, medical insurance, hospitalization, electricity bill, house maintenance
  • Family definition includes spouse, son, daughters, son-in-laws, daughters' children
  • Term ends: September 28, 2028
  • Minimum remuneration payable even in case of loss or inadequacy of profits
  • May exceed 5%/10% net profit limits under Section 197 of Companies Act, 2013

Item 4: Approval of remuneration for Mr. Rajat Jain (DIN: 00438444), Whole Time Director

  • Maximum remuneration: ₹50,00,000 (Fifty Lakh) per annum
  • Includes salary and similar allowances as Mr. Arun Kumar Jain
  • Additional perquisites: car running/repairs/insurance, telephone/mobile/Wi-fi expenses, travel, medical insurance, hospitalization
  • Term ends: February 13, 2029
  • Minimum remuneration payable even in case of loss or inadequacy of profits

Item 5: Increase in authorized share capital

  • Current authorized capital: ₹35,00,00,000 divided into 3,50,00,000 equity shares of ₹10 each
  • Proposed authorized capital: ₹50,00,00,000 divided into 5,00,00,000 equity shares of ₹10 each
  • Requires amendment to Clause V of Memorandum of Association

Item 6: Approval of material related party transactions

  • Transactions with four related parties from conclusion of 29th AGM to conclusion of 30th AGM:
  • Asier Metals Private Limited: ₹300 Crores
  • Bon Lon Private Limited: ₹100 Crores
  • Bon-Lon Securities Limited: ₹100 Crores
  • Harshit Finvest Private Limited: ₹100 Crores
  • Total potential transactions: ₹600 Crores
  • Nature of transactions: sale/purchase of goods, job work, short-term working capital funding

Item 7: Ratification of Cost Auditors' remuneration

  • M/s Goyal, Goyal & Associates, Cost Accountants (Firm Registration No. 000100)
  • Remuneration: ₹1,00,000 plus GST per annum for FY 2026-2027
  • Appointed by Board on recommendation of Audit Committee on May 30, 2026

Financial Information (FY 2025-26)

  • Revenue: ₹65,118.48 lakhs (previous year: ₹62,310.18 lakhs)
  • Expenditure: ₹64,876.26 lakhs (previous year: ₹61,982.78 lakhs)
  • Profit Before Tax: ₹403.39 lakhs (previous year: ₹358.29 lakhs)
  • Tax: ₹99.75 lakhs (previous year: ₹89.23 lakhs)
  • Net Profit: ₹303.64 lakhs (previous year: ₹269.05 lakhs)

Capital Structure Information

  • Paid-up share capital: ₹16,38,33,580 consisting of 1,63,83,358 equity shares of ₹10 each
  • Balance available authorized capital: ₹18,61,66,420 (1,86,16,642 equity shares)
  • 98,55,000 warrants pending conversion from October 2025 allotment
  • Board approved Right Issue of ₹49.75 Crores on August 14, 2026

Voting and Participation Details

  • E-voting through NSDL platform
  • Members can join AGM through VC/OAVM 30 minutes before scheduled time
  • Facility available for 1000 members on first-come-first-served basis (excludes large shareholders, promoters, institutional investors, directors, KMP, committee chairpersons, auditors)
  • Scrutinizer: Mr. Sanjeev Dabas, Practicing Company Secretary
  • Results to be declared to stock exchanges and placed on company website

Additional Information

  • 100% paid capital is in demat form
  • Registrar & Share Transfer Agent: Bigshare Services Private Limited
  • Company business: Metals industry - trades ferrous and non-ferrous metals, manufactures copper and aluminium wires and cables
  • New plant being installed for High Tension Wires and Cables with capacity of ~10,000 km per annum