Board Meeting Outcomes

The Board of Directors meeting commenced at 5:15 PM and concluded at 6:00 PM on June 18, 2026, with the following approvals:

1. Approved Audited Financial Statements for the financial year ended March 31, 2026, including Balance Sheet, Statement of Profit and Loss, Cash Flow Statement, and notes thereto, along with Statutory Auditors' Report.

2. Approved Audited Financial Results for the quarter ended March 31, 2026.

3. Approved Alteration of Memorandum of Association by adding points 5, 6 & 7 to the Main Object Clause (III)(A) to expand business activities.

4. Approved Convening of Extra-Ordinary General Meeting on Thursday, July 23, 2026 through Video Conference/Other Audio Video Means to seek shareholder approval for Amendment of Object Clause of Memorandum of Association. The EGM will be deemed to be held at 108/109 T. V. Industrial Estate, 52, S.K. Ahire Marg, Worli, Worli Colony, Mumbai, Maharashtra, India, 400030.

Financial Results Highlights

Quarterly Performance (Q4 FY26)

  • Revenue from Operations: ₹7.50 lakhs
  • Other Income: ₹(63.35) lakhs (negative due to change in fair value of FVTPL investments)
  • Total Income: ₹(55.85) lakhs
  • Total Expenses: ₹24.58 lakhs
  • Profit before Tax: ₹(80.44) lakhs
  • Current Tax: ₹11.06 lakhs
  • Deferred Tax: ₹23.69 lakhs
  • Net Profit: ₹(115.18) lakhs
  • EPS (Basic & Diluted): ₹(1.98)

Annual Performance (FY26)

  • Revenue from Operations: ₹2,597.46 lakhs
  • Other Income: ₹278.30 lakhs
  • Total Income: ₹2,875.76 lakhs
  • Total Expenses: ₹2,752.30 lakhs
  • Profit before Tax: ₹123.46 lakhs
  • Current Tax: ₹11.05 lakhs
  • Deferred Tax: ₹39.29 lakhs
  • Net Profit: ₹73.12 lakhs
  • EPS (Basic & Diluted): ₹1.89

Comparative Figures (FY25)

  • Revenue from Operations: ₹20,098.62 lakhs
  • Other Income: ₹182.15 lakhs
  • Total Income: ₹20,280.77 lakhs
  • Net Profit: ₹142.71 lakhs
  • EPS (Basic & Diluted): ₹4.42

Balance Sheet Position (as at March 31, 2026)

  • Paid-up Equity Share Capital: ₹703.83 lakhs (Face Value ₹10 per share)
  • Other Equity: ₹2,645.18 lakhs
  • Total Equity: ₹3,349.01 lakhs
  • Total Assets: ₹4,132.72 lakhs
  • Non-Current Assets: ₹2,000.35 lakhs
  • Current Assets: ₹2,132.37 lakhs

Cash Flow Statement (FY26)

  • Net Cash from Operating Activities: ₹(1,935.66) lakhs
  • Net Cash from Investing Activities: ₹(1,167.75) lakhs
  • Net Cash from Financing Activities: ₹2,784.07 lakhs
  • Net Decrease in Cash: ₹(319.35) lakhs

Preferential Issue Details

The Company made preferential issue of 38,10,900 equity shares and 40,00,000 convertible warrants @ ₹52.50 per share including premium of ₹42.50 per equity share, approved by shareholders at EGM held on November 27, 2025. The allotment was made on January 30, 2026.

Utilization of Issue Proceeds

  • Amount Raised: ₹41.00 crores (₹20.00 crores from equity shares + ₹21.00 crores from warrants)
  • Funds Utilized: ₹11.42 crores
  • Deviation in Utilization: No deviation reported
  • Purpose: As per original objects - no modification required

MOA Alteration Details

The Board approved addition of three new sub-clauses to the Main Object Clause of MOA:

5. Metal Manufacturing Business: To carry on business of manufacturing, producing, processing, refining, casting, fabricating, and dealing in Aluminium, Zinc and all kinds of metal ingots; Aluminium and other metal slugs and coins; and aerospace engineering components.

6. Manufacturing Facilities: To establish, develop, construct, operate, maintain, acquire, lease or otherwise set up manufacturing facilities, factories, plants and infrastructure including a new factory in the State of Gujarat.

7. Marine & Shipbuilding Business: To carry on business relating to marine, shipbuilding and engineering activities including:

  • Repair and maintenance of all types of ships, vessels, boats, barges
  • Engineering services for ship engines, boilers, machinery
  • Establishment of docks, dry docks, slipways and infrastructure
  • Supply and trading of marine equipment and spare parts
  • Technical support services and consultancy
  • Naval and defence shipbuilding for Navy, Coast Guard and defence authorities

Additional Documents Enclosed

  • Audited Financial Results for quarter and year ended March 31, 2026
  • Auditors' Report dated June 18, 2026
  • Statement of Utilization of issue proceeds
  • Declaration under Regulation 33(3)(d) of SEBI LODR Regulations
  • Details of alteration in MOA (Annexure-I)

Publication and Availability

The financial results will be published in newspapers as per Regulation 47 of Listing Regulations and made available on the Company's website www.cmlLnet.in.