Nature of the Event

Universal Autofoundry Limited conducted its 17th Annual General Meeting (AGM) on Monday, July 27, 2026 at 11:00 AM IST through Video Conferencing/Other Audio-Visual Means (VC/OAVM) facility. The meeting was conducted in compliance with circulars issued by the Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI).

Key Quantitative Figures

  • Total shareholders present: 48 (5 Promoter/Promoter Group, 43 Public)
  • Meeting duration: Commenced at 11:00 AM IST, concluded at 11:42 AM IST (including e-voting time)
  • Remote e-voting period: July 24, 2026 (9:00 AM IST) to July 26, 2026 (5:00 PM IST)
  • Cut-off date for voting eligibility: July 20, 2026

Dates of Action

  • AGM Date: July 27, 2026
  • Notice Date: June 30, 2026
  • Financial Year Covered: Ended March 31, 2026
  • Remote e-voting period: July 24-26, 2026

Parties Involved

  • Chairman: Mr. Vimal Chand Jain (DIN: 00295667), Chairman & Managing Director
  • Company Secretary: Mrs. Jayanti Jha Roda (Membership No. A50623)
  • Statutory Auditors: M/s Goverdhan Aggarwal & Co., Chartered Accountants
  • Scrutinizer: M/s Arms & Associates LLP, Mr. Mitesh Kasliwal (Partner, FCS-8233)
  • Voting Service Provider: National Securities Depository Limited (NSDL)

Resolutions Transacted

The following seven resolutions were transacted at the AGM:

Ordinary Business:

1. Adoption of Audited Financial Statements for FY ended March 31, 2026 and reports of Board of Directors and auditors thereon (Ordinary Resolution)

2. Re-appointment of Mr. Vikram Jain (DIN: 02312298) as Wholetime Director, retiring by rotation (Ordinary Resolution)

Special Business:

3. Re-appointment of Statutory Auditors for second term of five consecutive years (Ordinary Resolution)

4. Ratification of revised remuneration of Cost Auditor for FY 2026-27 (Ordinary Resolution)

5. Approval for Related Party Transaction under Section 188 (Special Resolution)

6. Increase in Borrowing Limit of the Company (Special Resolution)

7. Approval under Section 180(1)(a) for increasing limit for creation of Charges/Mortgages on company assets (Special Resolution)

Procedural Details

The remote e-voting services were provided by NSDL. Mr. Mitesh Kasliwal was appointed as Scrutinizer to ensure fair and transparent voting process. The statutory registers and documents were made available for member inspection. The Auditors' Report did not contain any qualification, reservation, adverse remark or disclaimer.

Management Commentary

Chairman Vimal Chand Jain highlighted the company's operational and financial performance for FY 2025-26, acknowledging the challenging business environment. He apprised members of strategic initiatives undertaken to improve operational efficiency, optimize costs, strengthen customer relationships, diversify customer base and enhance long-term profitability.

Shareholder Engagement

A speaker session was conducted where shareholders raised queries relating to company's operations, financial performance, governance and future outlook. The Chairman and management team responded to queries and acknowledged suggestions received.

Voting Results

The voting results (remote e-voting and e-voting at AGM) along with Scrutinizer's Report will be disseminated to Stock Exchanges and placed on company's website in due course.