Key Quantitative Figures

  • Revenue from Operations: ₹34,108.12 lakhs (FY26) vs ₹37,716.18 lakhs (FY25) - decline of 9.57%
  • Profit Before Tax: ₹395.97 lakhs (FY26) vs ₹908.50 lakhs (FY25)
  • Profit After Tax: ₹92.18 lakhs (FY26) vs ₹645.49 lakhs (FY25) - decline of 85.7%
  • Exceptional Items: ₹113.82 lakhs (primarily provision for gratuity and leave encashment)
  • Dividend Recommended: 6% i.e., ₹0.30 per share (Previous Year: 12% i.e., ₹0.60 per share)
  • Total Dividend Outflow: ₹32.36 lakhs if approved
  • Paid-up Capital: ₹5,39,40,050 divided into 1,07,88,010 equity shares of ₹5 each
  • Borrowings: ₹9,257.56 lakhs (₹3,139.42 lakhs non-current, ₹6,118.14 lakhs current)
  • Credit Rating: IVR BBB (long-term) and IVR A3+ (short-term) with stable outlook

Dates of Action

  • AGM Date: Tuesday, 29th September 2026 at 11:30 AM IST through VC/OAVM
  • Book Closure: 23rd September 2026 to 29th September 2026 (both days inclusive)
  • Remote E-voting Period: 26th September 2026 (9:00 AM) to 28th September 2026 (5:00 PM)
  • Cut-off Date for Dividend: 22nd September 2026
  • Dividend Payment Date: On or before 27th October 2026

Parties Involved

  • Statutory Auditors: M/s Singh Mundada & Associates (Firm Registration No. 122059W)
  • Cost Auditors: M/s B. R. Chandak & Company (Firm Registration No. 021959)
  • Registrar & Share Transfer Agent: Bigshare Services Private Limited
  • Bankers: Canara Bank, HDFC Bank, State Bank of India
  • Related Party: R L Steels & Energy Limited

Business Resolutions

Ordinary Business:

1. Adoption of audited financial statements for FY ended 31st March 2026

2. Declaration of dividend for FY 2025-26

3. Re-appointment of Mr. Narendrakumar Gupta (DIN: 00062268) as Director retiring by rotation

4. Re-appointment of M/s Singh Mundada & Associates as Statutory Auditors for second term of 5 years at remuneration of ₹2.40 lakhs plus expenses

Special Business:

5. Ratification of remuneration of ₹55,000 plus taxes to Cost Auditors for FY 2026-27

6. Approval for Material Related Party Transactions with R L Steels & Energy Limited for FY 2027-28:

  • Purchase of raw materials: ₹200 Crores limit
  • Sale of goods/scrap/others: ₹30 Crores limit
  • Transactions to be at arm's length and in ordinary course of business

Financial and Operational Impact

  • Dividend Impact: Cash outflow of ₹32.36 lakhs if approved
  • RPT Impact: Expected transactions with R L Steels may reach 27.44% of company's turnover based on FY26 levels
  • Solar Project: 5 MWp solar open access project commissioned and operational, contributing to energy cost savings
  • Employee Strength: 333 employees as on 31st March 2026
  • Dematerialization: 98.90% shares in demat form as on 31st March 2026

Capital Structure Impact

No change in share capital during the year. No public issue, rights issue, bonus issue or preferential issue.

Corporate Governance Updates

  • Board Composition: 7 Directors (2 Executive, 1 Non-Executive Non-Independent, 4 Non-Executive Independent including one woman director)
  • Key Managerial Personnel: Mr. Sunil Todi (MD), Mr. P. M. Nijampurkar (Whole-time Director), Mr. Pawan Kumar Gupta (CFO), Mr. Dipak Kala (CS & Compliance Officer)
  • Committee Meetings: 4 Board meetings, 4 Audit Committee meetings held during FY25-26
  • CSR Expenditure: ₹17.52 lakhs spent on promoting education, animal welfare, and poverty alleviation

Voting Arrangements

  • Remote e-voting through Bigshare Services Pvt. Ltd.
  • Scrutinizer: CS Nitin S. Sharma, Practising Company Secretary
  • Members can join AGM through VC/OAVM 15 minutes before scheduled time