Sprayking AGM Approves Financials, RPT, MD Reappointment

Meeting Details

The 22nd Annual General Meeting of Sprayking Limited will be held on Wednesday, September 30, 2026, at 12:30 PM IST through Video Conferencing/Other Audio Video Means (OAVM).

Ordinary Business

1. To consider and adopt:

• The audited standalone financial statements of the company for the financial year ended March 31, 2026, together with the report of the Board and the auditors thereon
• The audited consolidated financial statements of the company for the financial year ended March 31, 2026, together with the report of the Board and the auditors thereon

2. To appoint a director in place of Mr. Hitesh Pragajibhai Dudhagara (DIN: 00414604), who retires by rotation and being eligible, offers himself for re-appointment

Special Business

3. To approve material related party transaction(s) with Narmada Brass Industries as a Special Resolution:

• Related Party: Narmada Brass Industries (Subsidiary)
• Transaction Amount: Up to ₹50 Crores
• Nature of Transaction: Service
• Governance: Based on recommendation and approval of Audit Committee and Board of Directors
• Framework: Pursuant to Regulations 2(1)(zc), 23(4) of SEBI (LODR) Regulations, 2015 and Section 188 of Companies Act, 2013

4. Re-appointment of Mr. Hitesh Pragajibhai Dudhagara (DIN: 00414604) as Chairman and Managing Director:

• Term: Five years effective from March 04, 2026
• Governance: Pursuant to Sections 196, 197, 198, 203 of Companies Act, 2013 and Schedule V
• Remuneration: Terms and conditions including salary and perquisites as set out in explanatory statement
• Loss Provision: In event of loss or inadequacy of profit, remuneration as per limits set out in Section II of Part II of Schedule V

Financial Performance Highlights (Year Ended March 31, 2026)

Standalone Basis:

• Net Sales/Income from Operations: ₹5349.48 lakhs (₹6195.21 lakhs in FY2025)
• Total Revenue: ₹5397.76 lakhs (₹6285.78 lakhs in FY2025)
• Profit After Tax: ₹37.69 lakhs (₹220.47 lakhs in FY2025)
• Basic EPS: ₹0.02 (₹0.42 in FY2025)

Consolidated Basis:

• Net Sales/Income from Operations: ₹12,915.12 lakhs (₹13,009.93 lakhs in FY2025)
• Total Revenue: ₹13,163.52 lakhs (₹13,126.05 lakhs in FY2025)
• Profit After Tax: ₹363.31 lakhs (₹727.17 lakhs in FY2025)
• Basic EPS: ₹0.90 (₹6.03 in FY2025)

Director Information

Mr. Hitesh Pragajibhai Dudhagara:

• Age: 42 years
• Qualification: B.Tech from Saurashtra University
• Experience: 15+ years in brass industry
• Current Remuneration (FY2025-26): ₹9.00 lakhs
• Shareholding: 3,90,55,660 equity shares as of March 31, 2026
• Other Directorships: Narmadeshwar Metal Private Limited, Narmadesh Brass Industries Limited

Voting Arrangements

• Remote e-voting period: September 26, 2026 (9:00 AM) to September 29, 2026 (5:00 PM)
• Cut-off date for voting rights: September 23, 2026
• E-voting agency: National Securities Depository Limited (NSDL)
• Scrutinizer: M/s. M Rupareliya & Associates (Mrs. Mayuri Rupareliya)

Record Date Closure

Register of Members and Share Transfer Books will remain closed from Wednesday, September 23, 2026 to Tuesday, September 29, 2026 (both days inclusive).