Company Overview
Ashoka Metcast Limited (BSE: 540923, NSE: ASHOKAMET) filed its Annual Report for FY 2025-26 and notice for its 17th Annual General Meeting scheduled for 17th September 2026 via video conferencing.
Financial Performance Highlights
The company reported strong financial results with net profit after tax surging 106% YoY to ₹1,513.20 lakhs for FY 2025-26 compared to ₹733.92 lakhs in the previous year. Consolidated performance showed PAT of ₹1,079.98 lakhs with basic EPS of ₹6.05. The steel segment demonstrated improved profitability with segment results of ₹1,157.13 lakhs despite revenue declining to ₹2,716.74 lakhs from ₹3,716.48 lakhs.
Capital Structure and Borrowings
Total borrowings increased significantly to ₹5,772.84 lakhs from ₹1,493.43 lakhs in the previous year, comprising current loans of ₹1,478.85 lakhs and non-current borrowings of ₹4,293.99 lakhs. The capital structure showed total equity of ₹2,499.60 lakhs with 100% shares in dematerialized form.
17th AGM Agenda and Governance Matters
The AGM agenda includes adoption of FY26 financial statements, re-appointment of Director Shalin Shah, and regularization of Independent Director Jhanvi Sethi for a 5-year term. Shareholders will vote on enhancing financial assistance limits from promoters to ₹50 crores and approving material related-party transactions with five group entities (Rhetan TMT, Ashnisha Industries, Lesha Industries, Gujarat Natural Resources, Lesha Ventures) with individual annual limits of ₹150 crores for FY 2027-28.
Related Party Transactions
Significant transactions included loans to subsidiary Rhetan TMT Limited totaling ₹2,693.60 lakhs, with purchases of ₹216.12 lakhs and sales of ₹108.24 lakhs. The company also received loans from promoters Ashok Shah (₹700 lakhs) and Shalin Shah (₹900 lakhs).
Segment Reporting and Capital Management
The business segments comprised Steel (₹2,716.74 lakhs revenue) and Trading of Goods (₹53.51 lakhs revenue). Total capital employed increased to ₹12,197.12 lakhs from ₹11,141.96 lakhs, primarily in steel operations (₹8,711.93 lakhs). Key financial ratios showed improvement with current ratio at 4.23 and return on equity at 11.31%.
Regulatory Compliance and Management Changes
The company paid fines of ₹4,720 each to BSE and NSE for delayed submission of shareholding pattern. Management changes included appointment of Ankur Rastogi as Company Secretary and Chandrakant Chauhan as CFO, while Independent Director Deepti Gavali resigned in August 2026.