Key Decisions and Approvals

  • Financial Results: The Board considered, approved and adopted the Un-audited Financial Results of the Company for the quarter ended 30th June, 2026. The results were reviewed by M/s Dangi Jain & Co., Chartered Accountants, who issued an unmodified review report.
  • Annual General Meeting: Decided to conduct the 16th Annual General Meeting on Tuesday, 22nd September, 2026 at 01:30 PM through Video Conferencing (VC) / other audio visual means (OAVM).
  • Record Date for Voting: Approved Tuesday, 15th September, 2026 as the Record date to record the names of shareholders entitled to vote via remote e-voting facility.
  • Record Date for Dividend: Approved Tuesday, 15th September, 2026 as the Record date to record the names of shareholders entitled to receive final dividend, if approved by shareholders at the AGM. The Board proposed a final dividend of Re. 0.05/- (5%) per equity share (face value Re. 1/-) for FY 2025-26, subject to shareholder approval. This was previously intimated on 7th May, 2026.
  • Management Reappointment: Approved the re-appointment of Mr. Sunil Kumar Agrawal (DIN: 00091784) as Managing Director for 3 years effective 23rd November, 2026, subject to shareholder approval. Mr. Agrawal is not debarred from holding director office per SEBI or other authorities.

Financial Results (Quarter Ended 30th June, 2026)

  • Revenue from Operations: ₹13,958.97 lakhs (compared to ₹13,441.44 lakhs in Q1 FY26)
  • Other Income: ₹44.57 lakhs (compared to ₹15.89 lakhs in Q1 FY26)
  • Total Income: ₹14,003.54 lakhs (compared to ₹13,457.33 lakhs in Q1 FY26)
  • Profit Before Tax: ₹394.46 lakhs (compared to ₹204.65 lakhs in Q1 FY26)
  • Tax Expense: ₹109.40 lakhs (Current Tax: ₹101.20 lakhs, Deferred Tax: ₹8.20 lakhs)
  • Net Profit After Tax: ₹285.06 lakhs (compared to ₹155.77 lakhs in Q1 FY26)
  • Earnings Per Share (Basic): ₹0.43 (compared to ₹0.24 in Q1 FY26)
  • Earnings Per Share (Diluted): ₹0.43 (compared to ₹0.24 in Q1 FY26)
  • Paid-up Equity Share Capital: ₹655.34 lakhs (face value Re. 1 per share)

Key Notes from Financial Statements

1. Segment Reporting: Business falls within single primary segment "Metals" - Ind AS 108 not applicable.

2. New Subsidiaries:

  • Manaksia Aluminium Inc. incorporated in Delaware, USA on 30th August, 2024 (share application money not yet deposited)
  • Metal Star Celling Panel FZE incorporated in UAE on 11th July, 2025 (share application money not yet deposited)
  • Consolidated financials not prepared for Q1 FY27 due to pending capital contributions

3. GST Matter: Received demand order for erroneous GST refund of ₹38.80 crore plus penalty of ₹3.88 crore plus interest for period Oct-2018 to March-2022. Company has filed appeal based on legal opinions and court rulings that suggest the demand is not sustainable. Management believes no material liability is likely to arise at this stage.

4. Labour Codes: Government consolidated labour legislations into four Labour Codes on 21st November 2025. Company monitoring finalization of Central and State Rules for potential financial impact assessment.

Meeting Details

The Board meeting commenced at 12:30 PM and concluded at 05:45 PM on 11th August, 2026.

Management Profile

Mr. Sunil Kumar Agrawal is a Commerce Graduate associated with the company as Managing Director since 23rd November 2014. He has wide experience in overall business management, manufacturing and factory administration. He is the father of Mr. Anirudha Agrawal.