Annual General Meeting Details

  • Date and Time: Friday, September 25, 2026 at 02:30 PM
  • Mode: Video Conferencing (VC) / Other Audio-Visual Means (OAVM)
  • Book Closure Period: Saturday, September 19, 2026 to Friday, September 25, 2026 (both days inclusive)
  • Cut-off Date: Friday, September 18, 2026
  • Remote E-Voting Period: Tuesday, September 22, 2026 at 09:00 AM to Thursday, September 24, 2026 at 05:00 PM
  • Venue: Deemed to be Registered Office at Survey No.180-183, 190 & 191, Periya Obulapuram Village, Nagaraja Kandigai, Madharapakkam Road, Gummidipoondi, Thiruvallur, Tamilnadu - 601 201

Business Items for AGM

Ordinary Business

1. Adoption of Audited Standalone Financial Statements for FY ended March 31, 2026 together with reports of Board of Directors and Auditors

2. Re-appointment of Mr. R Natarajan (DIN: 00595027) as Director who retires by rotation

Special Business

3. Approval for Enhancement of Borrowing Powers under Section 180(1)(c) of Companies Act, 2013 - Special Resolution to authorize Board to borrow up to ₹200 Crore

Financial Performance Highlights (FY 2025-2026)

  • Revenue from Operations: ₹13,231.06 lakhs (Previous year: ₹22,242.73 lakhs)
  • Other Income: ₹113.48 lakhs (Previous year: ₹214.51 lakhs)
  • Total Revenue: ₹13,344.54 lakhs (Previous year: ₹22,457.24 lakhs)
  • Profit Before Tax: ₹188.08 lakhs (Previous year: ₹562.72 lakhs)
  • Current Tax Expense: ₹52.76 lakhs (Previous year: ₹161.65 lakhs)
  • Deferred Tax Benefit: ₹(204.45) lakhs (Previous year: Nil)
  • Profit After Tax: ₹338.22 lakhs (Previous year: ₹401.07 lakhs)
  • Earnings Per Share (Basic & Diluted): ₹9.38 (Previous year: ₹11.13)

Capital Structure

  • Issued, Subscribed and Paid-up Equity Share Capital: ₹360.45 lakhs comprising 36,04,509 Equity Shares of ₹10 each fully paid
  • No change in share capital during the year under review

Dividend Declaration

No dividend recommended on equity shares for the year ended March 31, 2026

Reserves and Surplus

  • Retained Earnings: ₹2,526.55 lakhs (Previous year: ₹2,188.33 lakhs)
  • No amount transferred to General Reserve during the financial year

Key Financial Position (as at March 31, 2026)

Assets

  • Property, Plant and Equipment: ₹3,152.48 lakhs (Net after depreciation)
  • Investments: ₹91.04 lakhs in unquoted equity shares
  • Inventories: Nil (Previous year: ₹1,625.21 lakhs)
  • Trade Receivables: ₹33.22 lakhs (Previous year: ₹69.98 lakhs)
  • Cash and Cash Equivalents: ₹307.90 lakhs (Previous year: ₹49.57 lakhs)
  • Loans and Advances: ₹2,789.09 lakhs (Previous year: ₹2,372.61 lakhs)

Liabilities

  • Deferred Tax Liabilities (Net): ₹53.04 lakhs (Previous year: ₹257.50 lakhs)
  • Trade Payables: ₹275.33 lakhs (Previous year: ₹2,039.09 lakhs)
  • Other Financial Liabilities: ₹835.82 lakhs (Previous year: ₹54.05 lakhs)
  • Short-term Provisions: ₹52.76 lakhs (Previous year: ₹161.65 lakhs)

Board of Directors

  • Mr. R. Natarajan: Chairman & Managing Director (DIN: 00595027)
  • Mr. N. Ramakrishnan: Non-Executive, Independent Director
  • Mr. M. Saravanan: Non-Executive, Independent Director
  • Mrs. J. Rathna Jayasheela: Non-Executive, Independent Director

Key Managerial Personnel

  • Mr. K. Karthikeyan: Chief Financial Officer
  • Mr. M. Balamurugan: Company Secretary & Compliance Officer

Corporate Governance Compliance

  • Board met 4 times during FY 2025-26 (May 28, 2025; August 14, 2025; November 12, 2025; February 10, 2026)
  • All directors attended all board meetings
  • Company complied with applicable Secretarial Standards SS-1, SS-2 & SS-3
  • No instances of fraud reported by auditors

CSR Activities

  • CSR Expenditure: ₹9.20 lakhs (2% of average net profit of preceding three years)
  • CSR Committee: Mr. M. Saravanan (Chairman), Mr. R. Natarajan, Mrs. J. Rathna Jayasheela

Borrowing Resolution Details

The special resolution seeks to enhance borrowing powers of the Board under Section 180(1)(c) to borrow up to ₹200 Crore, which may exceed the aggregate of paid-up share capital, free reserves and securities premium of the Company

Shareholding Pattern (as on March 31, 2026)

  • Promoter & Promoter Group: 67.74% (24,41,770 shares)
  • Public: 32.26% (11,62,739 shares)
  • Total Shareholders: 6,503

Dematerialization Status

  • Shares in Demat Form: 98.62% (35,54,946 shares)
  • Shares in Physical Form: 1.38% (49,563 shares)

Registrars and Share Transfer Agents

M/s. Cameo Corporate Services Limited, Chennai

Bankers

Punjab National Bank

Important Dates

  • AGM Date: September 25, 2026
  • Book Closure: September 19-25, 2026
  • E-Voting: September 22-24, 2026
  • Financial Statement Date: March 31, 2026
  • Board Approval Date: August 12, 2026
  • Auditor's Report Date: May 29, 2026

Additional Information

  • The company has transitioned from manufacturing Sponge Iron to coal trading activities
  • Lease rental income is generated from Sponge Iron Plant which has been leased out
  • No material related party transactions during the year
  • No pending litigations materially impacting financial position
  • Adequate internal financial controls in place
  • Company website: www.chennaiferrous.com