Board Meeting Details

The Board Meeting commenced at 11:45 AM and ended at 04:20 PM on 11th August 2026.

Key Decisions Approved

1. Financial Results Approval

  • Approved Unaudited Financial Results for quarter ended June 30, 2026
  • Limited review report from Statutory Auditors received
  • Prepared in accordance with Indian Accounting Standards (IND AS) and IND AS 34
  • Subject to limited review by auditors

2. Quarterly Financial Performance (Rs. In Lacs)

| Particulars | Quarter Ended 30.06.2026 | Quarter Ended 31.03.2026 | Quarter Ended 30.06.2025 | Year Ended 31.03.2026 |

| Net Sales/Income from operations | 1,375.07 | 1,728.34 | 1,784.54 | 6,822.55 |

| Other Income | 0.14 | 17.47 | 0.16 | 17.93 |

| Total Operating Income | 1,375.21 | 1,745.81 | 1,784.70 | 6,840.48 |

| Total Expenditure | 1,314.45 | 1,745.38 | 1,680.25 | 6,599.73 |

| Profit before tax | 60.76 | 0.43 | 104.45 | 240.75 |

| Profit for the year | 60.76 | (66.19) | 104.45 | 174.13 |

| Earning Per Equity Share (Rs. 4/- each) | 0.27 | (0.21) | 0.46 | 0.85 |

3. Expenditure Breakdown (Quarter Ended 30.06.2026)

  • Cost of Materials consumed: ₹613.66 lacs
  • Changes in inventories: (₹130.60) lacs
  • Employee benefits expense: ₹212.26 lacs
  • Finance costs: ₹97.26 lacs
  • Depreciation: ₹6.50 lacs
  • Other expenditure: ₹515.37 lacs

4. Tax Provisions

  • Provision for income tax and deferred tax to be made at year-end
  • No current tax expense recorded for Q1 FY27

5. Annual General Meeting

  • 43rd Annual General Meeting convened on Thursday, 10th September 2026
  • Book Closure period: Friday, 4th September 2026 to Thursday, 10th September 2026 (both days inclusive)
  • Meeting time: 11:30 am

6. Reports Adoption

  • Adopted Directors Report & Corporate Governance Report for year ended 31.03.2026
  • Approved notice of 43rd Annual General Meeting for FY 2025-26

7. Director Reappointment

  • Reappointment of Mr. Venkateswaran Manickam Chittoor (DIN 02532306) as Non-Executive Independent Director
  • Second term of 5 consecutive years effective from September 10, 2026
  • Subject to shareholder approval at ensuing Annual General Meeting
  • Seasoned professional with 37 years experience, formerly CEO of Aker Power gas Subsea Pvt. Ltd.

8. Warrant Conversion and Allotment

  • Allotted 13,32,856 convertible warrants to Mr. Murtuza Shaukatali Mewawala (promoter category)
  • Balance 75% subscription amount of ₹6,99,74,940 received
  • Total amount raised: ₹9,32,99,920 upon conversion at ₹70 per equity share (face value ₹4 each)
  • Issued and Paid-up Share Capital increased to ₹9,65,17,024
  • Total equity shares: 2,41,29,256 Equity Shares of ₹4/- each
  • New shares rank pari-passu with existing equity shares
  • Allotment to be made in dematerialized form

9. Related Party Transactions (Quarter Ended June 2026)

  • Managerial Remuneration to Mr. Hasanain S. Mewawala: ₹7,50,000 (quarterly)
  • Loans & Advances to Expo Project Engg. Services Pvt Ltd (Associate Concern): ₹90,502 lacs (unchanged from previous period)

Company Business

  • Principally engaged in metal fabrication
  • Managed as one entity governed by same set of risk and returns
  • Compliance with IND AS 108 for segment reporting