Cosmo Ferrites Limited has issued notice for its 40th Annual General Meeting to be held on Wednesday, August 26, 2026 at 3:00 PM IST through video conferencing (VC) or other audio-visual means (OAVM).

Meeting Details

The AGM will transact both ordinary and special business. The ordinary business includes:

  • Adoption of audited financial statements for FY 2025-26 including balance sheet, profit and loss statement, and cash flow statement
  • Appointment of Mr. Pankaj Poddar (DIN: 02815660) who retires by rotation and offers himself for re-appointment

Special Business Items

1. Re-appointment of Dr. Himalyani Gupta as Independent Director: Special resolution to re-appoint Dr. Himalyani Gupta (DIN: 00607140) as Independent Non-Executive Director for a second term of five consecutive years from May 12, 2027 to May 11, 2032. Approval also sought for her continuation beyond age 75 years until the expiry of her second term.

2. Payment of Managerial Remuneration: Special resolution to approve payment of minimum remuneration to managerial personnel in case of no profit or inadequate profit for three financial years commencing from April 1, 2026, within limits specified under Section II of Part II of Schedule V of the Companies Act, 2013.

3. Remuneration to Cost Auditors: Ordinary resolution to approve remuneration of ₹1.65 lakh plus applicable taxes to M/s. Ravi Sahni & Co., Cost Accountants (Firm Registration Number 100193) for auditing cost accounting records for FY 2026-27.

Voting Arrangements

Remote e-voting facility will be provided to all shareholders as of the cut-off date of Wednesday, August 19, 2026. The e-voting period begins on Sunday, August 23, 2026 at 09:00 AM and ends on Tuesday, August 25, 2026 at 05:00 PM through CDSL's e-voting platform.

Financial Context

The explanatory statement provides financial context for the managerial remuneration resolution:

  • FY 2026 revenue: ₹98.59 crore (FY 2025: ₹85.66 crore)
  • FY 2026 loss: ₹1.59 crore (improved from FY 2025 loss of ₹5.66 crore)
  • Reasons cited for inadequate profits: reduced export demand due to geopolitical issues and highly competitive domestic pricing
  • Improvement measures: automation in transformer and core manufacturing, development of new powder for EV segment

Director Details

Mr. Pankaj Poddar: Appointed May 12, 2022, holds 50,131 equity shares, attended 4 board meetings, serves on Audit Committee and Stakeholders Relationship Committee.

Dr. Himalyani Gupta: Appointed May 12, 2022, holds no shares, attended 4 board meetings, serves as Chairperson of Stakeholders Relationship Committee and member of Audit Committee and Nomination Remuneration Committee.

Additional Information

The company has appointed Ms. Monika Kohli, partner of DMK Associates, Practicing Company Secretaries (FCS No. 5480) as Scrutinizer for the e-voting process. Results will be published on the company website and forwarded to BSE Limited.

Shareholders can request hard copies of the annual report by emailing investorservices@cosmoferrites.com with their folio/DP details. The notice includes detailed instructions for attending the virtual meeting and voting procedures for both demat and physical shareholders.