AGM Details

The 42nd AGM will be held through Video Conferencing/Other Audio-Visual Means (VC/OAVM) on Friday, September 25, 2026, at 11:30 AM. The cut-off date for reckoning voting rights is Friday, September 18, 2026. Remote e-voting commences on Tuesday, September 22, 2026, at 9:00 AM and concludes on Thursday, September 24, 2026, at 5:00 PM.

Business to be Transacted

Ordinary Business:

1. To receive, consider, and adopt the audited Financial Statements for the year ended March 31, 2026, together with Reports of Board of Directors and Auditors.

2. To reappoint Ms. Uma Rajaram (DIN: 07029264) as director who retires by rotation.

3. To reappoint M/s OP Bagla & Co LLP as statutory auditors for their second term of five consecutive years.

Special Business:

4. To approve the appointment of Mr. Sanjay Kumar Sharma (DIN: 06504805) as Whole-time Director for five years from July 24, 2026, to July 23, 2031, on the following remuneration terms:

  • Salary: ₹95,871 per month
  • Special Allowance: ₹7,771 per month
  • Perquisites and allowances including housing facility, bonus, provident fund, and gratuity as per company policy
  • Total monthly remuneration: ₹103,642

Financial Performance Highlights (FY 2025-26 vs FY 2024-25)

  • Revenue from operations: ₹792.13 lakhs (previous year: ₹956.66 lakhs)
  • Other income: ₹17.60 lakhs (previous year: ₹7.60 lakhs)
  • Total income: ₹809.74 lakhs (previous year: ₹964.26 lakhs)
  • Finance cost: ₹222.26 lakhs (previous year: ₹204.69 lakhs)
  • Depreciation and amortization: ₹221.06 lakhs (previous year: ₹206.60 lakhs)
  • Profit before tax: ₹18.48 lakhs (previous year: ₹18.16 lakhs)
  • Net profit after tax: ₹13.76 lakhs (previous year: ₹13.48 lakhs)
  • Earnings per share (basic and diluted): ₹0.31 (previous year: ₹0.30)

Capital Structure

  • Authorized share capital: ₹1,000.00 lakhs (98,50,000 equity shares of ₹10 each + 15,000 preference shares of ₹100 each)
  • Paid-up share capital: ₹442.82 lakhs (44,28,207 equity shares of ₹10 each)
  • No changes in share capital during the year under review

Key Management Changes

  • Mr. Chandrakesh Pal resigned as Whole-time Director & CFO effective May 28, 2026
  • Mr. Sanjay Kumar Sharma appointed as Whole-time Director & CFO effective July 24, 2026

Board of Directors (as of March 31, 2026)

  • Mr. Vinay Kumar Goyal (Managing Director)
  • Ms. Uma Rajaram (Whole-time Director)
  • Mr. Chandrakesh Pal (Whole-time Director - resigned w.e.f. May 28, 2026)
  • Mr. Velu Panneerselvam (Non-Executive Director)
  • Mr. Sanjay Kumar (Independent Director)
  • Mr. Prakash Arya (Independent Director)

Auditor Appointments

  • Statutory Auditors: M/s OP Bagla & Co LLP (recommended for reappointment for second term of 5 years)
  • Secretarial Auditors: APAC & Associates LLP
  • Internal Auditor: Ms. S. Sivagami, Chartered Accountant

Related Party Transactions

The company entered into significant transactions with Ganges Internationale Private Limited:

  • Lease rent received: ₹633.00 lakhs
  • Purchases: ₹158.24 lakhs

Contingent Liabilities

  • ESI additional demand: ₹7.09 lakhs
  • Income Tax TDS demand: ₹0.31 lakhs
  • Electricity tax: ₹13.10 lakhs
  • GST demand: ₹117.65 lakhs

Borrowings and Security

  • Rupee loans from banks (secured): ₹1,444.96 lakhs (gross)
  • Current maturity of long-term debts: ₹436.94 lakhs
  • Net long-term borrowings: ₹1,008.02 lakhs
  • Secured against hypothecation of machineries and mortgage over leasehold property in Pondicherry
  • Personal guarantee of Mr. Vinay Kumar Goyal, Managing Director

Dividend

No dividend recommended for the current financial year to conserve profits.

Voting Arrangements

  • CDSL appointed as authorized e-Voting agency
  • APAC & Associates LLP appointed as Scrutinizer
  • Members can vote remotely from September 22-24, 2026, or during the AGM via VC/OAVM

Website Information

The Annual Report and AGM notice are available on the company's website: https://www.crmetal.in/financial information.html