AGM Details

  • Date: 31 July 2026
  • Time: 4:00 PM
  • Mode: Video Conference/Other Audio Visual Means (electronic mode)

Ordinary Business

1. Adoption of financial statements for year ended 31 March 2026 with Directors' and Auditors' Reports

2. Re-appointment of Mr. Naresh Kumar Verma (DIN: 07087356) who retires by rotation

Special Business

3. Appointment of Secretarial Auditors: Resolution to appoint M/s Ankita S. Jain & Co., Company Secretaries (Firm Registration No. S2026UP1067300) as Secretarial Auditors for 5 years from FY 2026-27 to FY 2030-31

  • Remuneration: ₹75,000 for FY 2026-27 (exclusive of taxes)
  • Board authorized to determine remuneration for subsequent years

4. Material Related Party Transaction: Resolution to approve transactions with Bharat Gears Limited (BGL), a promoter group company

  • Transaction Value: Not exceeding ₹10,00,00,000 (Ten Crores)
  • Nature: Purchase of DI Socket & Spigot Pipe (k-9) 400 MM and related equipment
  • Tenure: 8 months
  • Pricing: Arm's length basis in ordinary course of business
  • FY 2025-26 Transactions: Lease agreements totaling ₹0.63 lakhs
  • Relevance: Represents 27.74% of company's annual consolidated turnover and 1.28% of BGL's turnover

Financial Highlights (FY 2025-26)

  • Revenue from Operations: ₹36.89 crores (FY 2024-25: ₹22.06 crores)
  • Profit Before Tax: ₹21.78 lakhs (FY 2024-25: ₹99.83 lakhs)
  • Profit After Tax: ₹9.15 lakhs (FY 2024-25: ₹121.94 lakhs)
  • Total Comprehensive Income: ₹12.43 lakhs
  • EPS: ₹0.27 per share (FY 2024-25: ₹3.65)
  • No dividend recommended for the year

Operational Highlights

  • EPC Business: Successfully executed 97% of Mahan Energen Limited project and 70% of Adani Power Limited project
  • New Orders: Secured ₹15.40 crores order from Mahan Energen for 2×800 MW thermal power plant (Phase III)
  • Trading Business: Generated ₹18.39 crores revenue from alloy steel trading for auto components
  • Future Outlook: Pursuing new EPC tenders and expanding trading/machining activities

Corporate Actions

  • Board Changes: Dr. Sanjeev Kumar (ceased 29 July 2025) and Mr. Rajiv Chandra Rastogi (resigned 5 October 2025)
  • New Appointments: Mr. Nagar Venkatraman Srinivasan (30 May 2025) and Mr. Virender Pal Jain (26 December 2025) as Independent Directors
  • Secretarial Auditor Change: M/s Sanket Jain & Co. replaced by M/s Surya Gupta & Associates due to demise of proprietor

Shareholding Pattern

  • Total Shares: 33,43,243 equity shares of ₹10 each
  • Promoter Holding: Mr. Surinder Paul Kanwar (43.87%), Late Dr. Raunaq Singh (0.60%), Gulab Merchandise Pvt Ltd (4.33%), Vibrant Reality Infra Pvt Ltd (3.48%)

Voting Arrangements

  • Remote e-voting: 28 July 2026 (9:00 AM) to 30 July 2026 (5:00 PM) through MUFG Intime India Private Limited
  • Cut-off date: 24 July 2026
  • Scrutinizer: Ms. Ankita Jain, Proprietor of M/s Ankita S. Jain & Co.
  • VC Platform: InstaMeet provided by MUFG Intime