AHMEDABAD STEELCRAFT LTD.
Summary of Board Meeting Outcomes
The Board of Directors of Ahmedabad Steelcraft Limited held a meeting on August 14, 2026, which commenced at 12:15 p.m. and concluded at 1:30 p.m. The meeting addressed several key agenda items under SEBI Listing Regulations.
Financial Results
- The Board considered, adopted, and approved the Standalone Un-Audited Financial Results for the quarter ended June 30, 2025 (Q1 FY26).
- The financial results were prepared in accordance with Ind-AS standards.
- The results were approved by the company's Audit Committee.
- M/s. Prateek Gupta & Co., Chartered Accountants (Statutory Auditors of the Company) issued a Limited Review Report on these unaudited financial results.
Secretarial Auditor Changes
- The Board took note of the resignation of M/s SJV & Associates, Practicing Company Secretaries, from the office of Secretarial Auditor. The resignation was effective from the closing hours of August 13, 2026.
- The Board appointed M/s Nisarg Sharma & Associates, Practicing Company Secretaries, to fill the casual vacancy caused by this resignation.
- The appointment of M/s Nisarg Sharma & Associates is effective from August 14, 2026, and they will hold office until the ensuing 54th Annual General Meeting of the company.
- Additionally, the Board appointed M/s Nisarg Sharma & Associates (Peer Reviewed Practicing Company Secretaries) as Secretarial Auditor of the Company for a term of five consecutive financial years, commencing from April 1, 2026, until March 31, 2031.
- This long-term appointment is pursuant to Regulation 24A of the SEBI Listing Regulations and Section 204 of the Companies Act, 2013, read with Rule 8 of the Companies (Meetings of Board and its powers) Rules, 2014.
- The appointment was based on the recommendation of the Audit Committee and is subject to shareholder approval at the ensuing 54th Annual General Meeting.
Related Party Transactions
- On the recommendation of the Audit Committee, the Board approved an Omnibus Material Related Party Transaction between Ahmedabad Steelcraft Limited and ABI Energy Solutions Limited. The aggregate amount for this transaction shall not exceed ₹100,00,00,000 (Rupees Hundred Crores) during the Financial Year 2026-27. This approval is subject to applicable provisions of law and requisite approvals.
- Similarly, the Board approved another Omnibus Material Related Party Transaction between Ahmedabad Steelcraft Limited and ABI Infratech Private Limited. The aggregate amount for this transaction shall not exceed ₹25,00,00,000 (Rupees Twenty Five Crores) during the Financial Year 2026-27. This approval is also subject to applicable provisions of law and requisite approvals.