Meeting Details

The 38th Annual General Meeting will be held on Tuesday, September 22, 2026 at 11:00 A.M. at the Registered Office of the Company at 111, Sector-B, Sanwer Road, Industrial Area, Indore-452015 (M.P.).

Ordinary Business

1. Adoption of Financial Statements: To receive, consider and adopt the Audited Financial Statements of the Company (including consolidated financial statements) for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and Auditors thereon.

2. Dividend Declaration: To declare dividend of ₹1.25 per Equity Share for the financial year 2025-2026. The dividend will be payable within 30 days from the date of the AGM to members as on Tuesday, September 15, 2026 (Record Date).

3. Director Re-appointment: To appoint Mr. Mahendra Jain (DIN: 00256047) who retires by rotation and being eligible, offers himself for re-appointment. Mr. Jain was appointed for 3 years as Joint Managing Director in the 36th AGM held on September 28, 2024.

Special Business

4. Cost Auditor Remuneration Ratification: To ratify remuneration of ₹25,000 (plus reimbursement of out-of-pocket expenses) payable to Yash & Associates, Cost Accountants (FRN: 005252) for conducting cost audit for financial year ending March 31, 2027.

5. Related Party Transactions Approval: To approve contracts/arrangements with Indore Tools Private Limited (related party) for FY2026-27 with limits of:

  • Purchase of goods/services: Not exceeding ₹40 Crores
  • Sale of goods/services: Not exceeding ₹10 Crores

The company holds 19.50% stake in Indore Tools Private Limited. Previous year transactions totaled ₹3,122.03 Lacs. The approval is valid for one financial year commencing April 1, 2026.

6. Adoption of New Memorandum of Association: Special Resolution to substitute existing MOA with new MOA based on Table A of Schedule I to Companies Act, 2013, aligning with current legal framework.

7. Adoption of New Articles of Association: Special Resolution to substitute existing AOA with new AOA based on Table F of Schedule I to Companies Act, 2013.

8. Remuneration Increase for Mr. Ravish Jain: Approval for increase in remuneration to ₹7,00,000 per month (inclusive of salary, allowances, perquisites) excluding performance incentives for Mr. Ravish Jain, CEO (Research & Development), effective April 1, 2026.

9. Remuneration Increase for Mr. Prakhar Jain: Approval for increase in remuneration to ₹7,00,000 per month (inclusive of salary, allowances, perquisites) excluding performance incentives for Mr. Prakhar Jain, CEO (Business Development), effective April 1, 2026.

10. Remuneration Increase for Mr. Manish Jain: Approval for increase in remuneration to ₹7,00,000 per month (inclusive of salary, allowances, perquisites) excluding performance incentives for Mr. Manish Jain, COO (Business Operation), effective April 1, 2026.

11. Remuneration Increase for Mr. Shekhar Jain: Approval for increase in remuneration to ₹7,00,000 per month (inclusive of salary, allowances, perquisites) excluding performance incentives for Mr. Shekhar Jain, COO (Sales & Marketing), effective April 1, 2026.

Voting Arrangements

  • Remote e-voting period: September 18, 2026 (9:00 AM) to September 21, 2026 (5:00 PM)
  • Cut-off date for voting rights: September 15, 2026
  • Scrutinizer: I G & Associates, Practicing Company Secretaries (F.R. No.: I2013MP1054000)

Record Date and Dividend Information

  • Record Date for AGM and dividend eligibility: September 15, 2026
  • Register of Members will remain closed: September 16, 2026 to September 22, 2026 (both days inclusive)
  • Unpaid dividend of ₹4,90,050 for years 2018-19 to 2024-25 remains unclaimed
  • Dividend for FY2018-19 will be transferred to IEPF on or after October 30, 2026

Shareholding Information

Disclosure of shareholding in related party M. M. Metals Private Limited:

  • Previously held 30,480 equity shares (52.55%)
  • Entire shareholding disinvested on March 19, 2026
  • Current holding: Nil

Financial Impact

All remuneration increases and related party transactions have specified financial limits as detailed above. Dividend payout amount will depend on total outstanding shares as of record date.