AGM Details
The 36th AGM is scheduled for Friday, August 28, 2026, at 9:00 AM at the Registered Office: Near Industrial Development Colony, Delhi Road, Hisar-125005, Haryana.
Business to be Transacted
Ordinary Business:
1. Adoption of audited financial statements for FY ended March 31, 2026, with reports of Board and Auditors
2. Declaration of dividend of Re. 1/- per share (10%) as recommended by the Board
3. Re-appointment of Mrs. Anubha Tayal (DIN: 00081391) who retires by rotation
4. Re-appointment of Mr. Abhiram Tayal (DIN: 00081453) who retires by rotation
Special Business:
5. Ratification of remuneration of ₹50,000 plus applicable taxes and expenses to M/s Naveen Gupta & Co., Cost Accountants (Firm Regn No. 100920) as Cost Auditors for FY 2026-27
6. Appointment of Mr. Manish Jain (DIN: 00300805) as Non-Executive Independent Director for 5 years from May 30, 2026, to May 29, 2031
7. Appointment of Mr. Shreyaskar Chaudhary (DIN: 00059059) as Non-Executive Independent Director for 5 years from May 30, 2026, to May 29, 2031
Financial Highlights (FY 2025-26)
- Total Income: ₹263.28 crore (Previous year: ₹245.56 crore)
- Profit Before Depreciation & Tax: ₹7.43 crore (PY: ₹7.00 crore)
- Depreciation: ₹2.87 crore (PY: ₹2.73 crore)
- Profit After Tax: ₹3.38 crore (PY: ₹3.18 crore)
- Earnings Per Share (EPS): ₹6.41
- Dividend Recommended: 10% (Re. 1 per share) amounting to ₹54.00 lakh
- Book Value Per Share: ₹122
Capital Structure
- Paid-up Equity Share Capital: ₹5.40 crore (54,00,000 equity shares of ₹10 each)
- No shares issued during the year
Dividend Details
- Dividend of Re. 1/- per share recommended for FY 2025-26
- Record Date: August 17, 2026
- Payment: Within 30 days of declaration at AGM
- Dividend will be paid only through electronic mode
- Register of Members will be closed from August 18, 2026, to August 28, 2026
Director Changes
- New Appointments (Effective May 30, 2026):
- Mr. Manish Jain (DIN: 00300805) as Independent Director
- Mr. Shreyaskar Chaudhary (DIN: 00059059) as Independent Director
- Resignations (May 30, 2026):
- Mr. Rajender Kumar Leekha (DIN: 03597751) - due to not qualifying online proficiency test and pre-occupation
- Mr. Sanjay Kumar Jain (DIN: 02817520) - due to not qualifying online proficiency test and pre-occupation
Board Composition
As of March 31, 2026, the Board comprised 12 directors, including:
- Mr. Mahabir Prasad Jindal (Chairman)
- Mr. Abhiram Tayal (Managing Director)
- Mr. Karan Dev Tayal (Whole-time Director)
- Mrs. Anubha Tayal (Director)
- 8 other non-executive directors
Key Managerial Personnel
- Mr. R.S. Bansal (Chief Financial Officer)
- Mr. Vishesh Kumar Chugh (GM Finance & Company Secretary)
Corporate Governance
The company has complied with all mandatory corporate governance requirements under SEBI LODR Regulations. The Corporate Governance Report includes details of board meetings, committee compositions, and director attendance.
Shareholding Pattern (as of March 31, 2026)
- Promoter & Promoter Group: 61.20%
- Public Shareholding: 38.80%
- Shares in Demat Form: 98.65%
- Shares in Physical Form: 1.35%
Related Party Transactions
Key transactions with related parties during FY 2025-26:
- Loans from directors/promoter entities: ₹9.75 crore outstanding
- Interest paid to related parties: ₹62.25 lakh
- Rent paid to Jindal Metal Pvt Ltd: ₹15.00 lakh
- Professional fees to Akansha Chugh & Associates: ₹5.16 lakh
CSR Activities
- CSR obligation for FY 2025-26: ₹20.01 lakh
- Amount spent: ₹20.01 lakh on various initiatives including education, healthcare, animal welfare, and sports promotion
Other Key Information
- Bankers: HDFC Bank, ICICI Bank
- Registrar & Transfer Agent: M/s Skyline Financial Services Pvt Ltd, New Delhi
- Plant Locations:
- Cold Rolled Stainless Steel Strips Plant: Near IDC, Delhi Road, Hisar
- Stainless Steel Tubes & Pipes Plant: Sector 27-28, Industrial Area, Hisar
- Production: 9,138 MT (PY: 7,990 MT)
- Sales: 9,144 MT (PY: 7,993 MT)