Key Quantitative Figures

  • Revenue from Operations (FY26): ₹1,681.87 lakhs (FY25: ₹1,551.62 lakhs)
  • Other Income (FY26): ₹174.02 lakhs (FY25: ₹67.52 lakhs)
  • Total Income (FY26): ₹1,855.89 lakhs (FY25: ₹1,619.13 lakhs)
  • Profit Before Tax (FY26): ₹72.12 lakhs (FY25: Loss of ₹43.76 lakhs)
  • Net Profit After Tax (FY26): ₹57.67 lakhs (FY25: Net Loss of ₹15.32 lakhs)
  • Total Comprehensive Income (FY26): ₹51.96 lakhs (FY25: Total Comprehensive Loss of ₹14.66 lakhs)
  • Paid-up Equity Share Capital: ₹539.65 lakhs (53,96,468 shares of ₹10 each)
  • Earnings Per Share (Basic & Diluted) (FY26): ₹1.07 (FY25: -₹0.28)
  • Current Tax Expense (FY26): ₹19.30 lakhs
  • Deferred Tax Benefit (FY26): ₹4.85 lakhs

Dates of Action

  • 43rd AGM Date: Monday, September 28, 2026 at 3:00 PM IST
  • AGM Mode: Video Conferencing (VC)/Other Audio-Visual Means (OAVM)
  • Remote E-voting Period: Commences Friday, September 25, 2026 at 9:00 AM IST, concludes Sunday, September 27, 2026 at 5:00 PM IST
  • Cut-off Date for Voting Eligibility: Monday, September 21, 2026
  • Board Meeting Date for Report Approval: May 29, 2026
  • Financial Year Ended: March 31, 2026

Parties Involved

  • Stock Exchange: BSE Limited
  • E-voting Service Provider: National Securities Depository Limited (NSDL)
  • Registrar & Transfer Agent (RTA): MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
  • Statutory Auditors: M/s. Paresh Rakesh & Associates LLP, Chartered Accountants
  • Internal Auditors: M/s. Krishnan & Giri, Chartered Accountants
  • Secretarial Auditors: Balraj Vanwari & Associates, Company Secretaries
  • Scrutinizer for E-voting: Mr. Ashish C. Bhatt, Company Secretary (FCS-4650, COP-2956)
  • Bankers: Bank of Baroda, HDFC Bank Limited, Yes Bank Limited, IndusInd Bank Limited

Business Resolutions (Ordinary Business)

1. Adoption of Financial Statements: To consider and adopt the Standalone Audited Financial Statements for FY 2025-26 together with Directors' and Auditors' Reports.

2. Re-appointment of Director: To re-appoint Shri. Prithviraj S. Parikh (DIN: 00106727), who retires by rotation and is eligible for re-appointment.

Financial and Operational Review

  • Operations: The company resumed trading in iron & steel products, including engineering products, in the international market and continued these operations during FY26. The company ceased manufacturing activities in 1995.
  • Dividend: No dividend recommended for FY26 to conserve earnings due to past losses.
  • Subsidiaries/JVs/Associates: The company did not have any Subsidiary, Joint Venture, or Associate Companies during FY26.
  • Share Capital: No issuance of shares, bonus shares, rights issue, buyback, or other convertible securities during the year. Paid-up capital remained unchanged.
  • Deposits: The company did not accept any public deposits during FY26.
  • Loans from Directors: The company availed a loan of ₹45.00 lakhs from Shri Prithviraj S. Parikh (Chairman & Director) during the year, which was fully repaid within the same year. Closing balance is nil.
  • Related Party Transactions: No related party transactions pursuant to Section 188 of the Companies Act, 2013, were reported except for the director loan mentioned.
  • Employee Strength: 5 permanent employees as of March 31, 2026.

Capital Structure Impact

No change in share capital occurred during the financial year. The paid-up equity share capital remained at ₹539.65 lakhs.

Legal Proceedings

  • The company is involved in proceedings before the NCLT/NCLAT arising from petitions filed by M/s. M.B. Gupta HUF and others (C.P. No.(IB) 347/CHE/2020) and Mr. Suresh Kumar Jalan and others (C.P. 38/CHE/2023).
  • The Hon'ble NCLT, Chennai allowed the company's maintainability application (IA (IBC)1177(CHE)/2020) on September 18, 2025, in C.P. No. (IB)347/CHE/2020. An appeal against this order has been filed with NCLAT, Chennai, marked defect-free on May 16, 2026.
  • An application seeking transfer of C.P. No. 38/CHE/2023 was dismissed by NCLT, New Delhi (Principal Bench) on May 20, 2026. The petition remains pending before NCLT, Chennai.
  • The company states there are no significant material orders passed by regulators/courts that would impact its going concern status.

Other Material Disclosures

  • Annual Report Availability: The notice and annual report are available on the company's website (www.eastcoaststeel.com), BSE website (www.bseindia.com), and NSDL website (www.evoting.nsdl.com).
  • Special Re-lodgement Window: A window for re-lodgement of physical share transfer requests submitted before April 1, 2019, and rejected/returned/unprocessed, is available until February 4, 2027.
  • Duplicate Share Certificates: Simplified procedures for issuance of duplicate share certificates are detailed as per SEBI Circular dated December 24, 2025.
  • Online Dispute Resolution: SEBI's common Online Dispute Resolution Portal (https://smartodr.in/login) is available for investor disputes.
  • Internal Financial Controls: The Board reports adequate internal financial controls were in place and operating effectively during FY26.
  • Secretarial Audit: The Secretarial Audit Report (Form MR-3) for FY26 by Balraj Vanwari & Associates contains no adverse remarks.
  • Statutory Audit: The Statutory Audit Report for FY26 by Paresh Rakesh & Associates LLP contains no qualifications, reservations, or adverse remarks. No fraud was reported under Section 143(12).

Forward-Looking Statements

Management's Discussion and Analysis contains cautionary statements that projections are forward-looking and actual results might differ due to economic conditions, government regulations, taxation, natural calamities, currency rate changes, and other factors beyond the company's direct control.

#Tags: #EastcoastSteel #AGM2026 #SEBIDisclosure #RegulatoryCompliance #FinancialResults #Positive