Date: May 27, 2026

Board Meeting Outcomes

The Board of Directors meeting was held on May 27, 2026, from 04:00 p.m. to 05:30 p.m. and approved the following:

  • Approved the Audited Financial Results (Standalone & Consolidated) for the quarter and year ended March 31, 2026, along with Independent Auditor's Report and Declaration pursuant to regulation 33(3)(d) of SEBI (Listing Obligation and Disclosure Requirement) Regulations, 2015. The audit report contained an unmodified opinion. The results included segment-wise revenue, results, and capital employed.
  • Confirmed that Mr. Kalapi Nagda, appointed as Non-Executive Director (Non-Independent) effective May 14, 2026, shall henceforth be part of the promoter and promoter group of the Company.
  • Approved proposal for diversification of business activities into (a) Media business and (b) Purchase, sale, production and distribution of films & movies, subject to obtaining required approvals from regulatory/statutory authorities and members of the Company.
  • Approved the cancellation of shares of ASRI Trade Pte. Ltd. under the Singapore Companies Act, 1967, upon which ASRI will cease to be a subsidiary of the Company. Authorized the Company to intimate relevant regulatory authorities for necessary approvals.
  • Noted the transfer/sale of entire shareholding in M/s. BKS Metalics Pvt. Ltd. during FY 2025-26 and consequent cessation of M/s. BKS Metalics Pvt. Ltd. as a Subsidiary of the Company.
  • Noted that the Company has no association, business relationship or connection with Apple Overseas Pte. Ltd., Singapore.
  • Appointed M/s. Sharma Sharma and Co, Chartered Accountants as Internal Auditor for the Financial Year 2026-27.

KMP / Board Changes

  • Mr. Kalapi Nagda was confirmed as part of the promoter and promoter group following his appointment as Non-Executive Director (Non-Independent) effective May 14, 2026.

Internal Auditor Appointment

  • Name: M/s. Sharma Sharma & Co
  • Address: 211, Priyanka tower, Near Fun Cinema, Moti Nagar, Metro pillar No. 322, New Delhi - 110015
  • COP No.: 088272
  • Membership No.: 088272
  • Email Id: sharmasharmaca@gmail.com
  • Period of Experience: Above 30 Years
  • Nature of Work: Direct and Indirect Taxation

Subsidiary Updates

  • ASRI Trade Pte. Ltd.: Share cancellation approved, will cease to be subsidiary upon completion
  • BKS Metalics Pvt. Ltd.: Entire shareholding transferred/sold during FY 2025-26, no longer a subsidiary
  • Apple Overseas Pte. Ltd.: Company confirmed no association or business relationship

Financial Results

Financial results for quarter and year ended March 31, 2026 were approved but not attached to this disclosure. The results included standalone and consolidated numbers with segment-wise revenue, results, and capital employed. The audit report contained an unmodified opinion.