Baroda Extrusion Limited held a Board of Directors meeting on 12th August 2026 from 12:00 PM to 1:00 PM. The Board approved several items of business and the unaudited financial results for the quarter ended 30th June 2026.

Financial Results (Q1 FY27)

The company reported unaudited financial results prepared in accordance with Indian Accounting Standards (Ind AS):

  • Total Income: ₹47.91 crore
  • Other Income: ₹0.15 crore
  • Expenses:
  • Cost of Materials consumed: ₹46.20 crore
  • Purchase of Stock in Trade: ₹0.73 crore
  • Change in inventories: (₹4.45) crore
  • Employee benefits expense: ₹0.40 crore
  • Finance Costs: ₹0.14 crore
  • Depreciation and amortization expense: ₹0.05 crore
  • Other expenses: ₹1.35 crore
  • Total Expenses: ₹44.40 crore
  • Profit before Exceptional Items & Tax: ₹3.50 crore
  • Profit before Tax: ₹3.50 crore
  • Tax Expense:
  • Current Tax: ₹0.59 crore
  • Deferred Tax: ₹0.27 crore
  • Profit after tax for the period: ₹2.64 crore
  • Total Comprehensive Income for the period: ₹2.64 crore
  • Paid up Equity Share Capital (Face Value of ₹1 each): ₹19.44 crore
  • Weighted Average Equity Shares: 19,438,200 shares
  • Earnings per equity share (Basic & Diluted): ₹0.136

Board Meeting Outcomes

1. Approved the appointment of Mrs. Meera Kanugo as a Whole-time Director, liable to retire by rotation, for a tenure of 5 consecutive years commencing from 12th August 2026, subject to approval of the shareholders. Mrs. Kanugo is the spouse of Managing Director Alpesh Kanugo and possesses over a decade of experience in the copper tube manufacturing industry.

2. Approved the appointment of Cost Auditor for 2026-27 with rectification. M/s. Divyesh Vagadiya & Associates, Cost Accountants, Vadodara (Firm Registration No. 102628) was appointed to conduct the audit of the cost records for the financial year 2026-27. The firm has over 12 years of experience in cost records, cost audit, and related consultancy.

3. Fixed the 35th Annual General Meeting on Thursday, 24th September 2026 at the registered office of the company.

4. Approved the Directors Report with Annexures and 35th AGM Notice.

Committee Compositions

Audit Committee:

  • Rikesh Shah (Chairperson, Non-Executive Independent Director)
  • Alpesh Kanugo (Member, Managing Director)
  • Suryasnata Mishra (Member, Non-Executive Independent Director)
  • Nilesh Shah (Member, Non-Executive Independent Director)

Nomination and Remuneration Committee:

  • Rikesh Shah (Chairperson, Non-Executive Independent Director)
  • Suryasnata Mishra (Member, Non-Executive Independent Director)
  • Nilesh Shah (Member, Non-Executive Independent Director)

Stakeholders Relationship Committee:

  • Nilesh Shah (Chairperson, Non-Executive Independent Director)
  • Rikesh Shah (Member, Non-Executive Independent Director)
  • Suryasnata Mishra (Member, Non-Executive Independent Director)

Additional Information

  • The company is engaged in the business of Copper Tubes and Bars only, with one reportable segment.
  • The financial results were reviewed by the statutory auditors, Maloo Bhatt & Co. (FRN No: 129572W), who issued an independent review report confirming the results comply with Regulation 33 of SEBI Listing Regulations.
  • The previous quarters/periods figures have been regrouped/rearranged wherever necessary to make them comparable with the current quarter/period.