Company Overview

Board of Directors and Key Managerial Personnel (as of 31st March 2026)

  • Mr. Nitin S Kedia (DIN: 00050749) - Chairman and Managing Director
  • Mr. Nirmal B Kedia (DIN: 00050769) - Executive Director
  • Mr. Nipun N Kedia (DIN: 02356010) - Executive Director
  • Mr. Arvind B Jalan (DIN: 00381535) - Non-Executive Independent Director
  • Mrs. Preethi Anand (DIN: 07178887) - Non-Executive Independent Director
  • Mr. Chintan Tarun Rambhia (DIN: 10312623) - Non-Executive Independent Director
  • Ms. Meghna Vihang Makda (DIN: 10500291) - Additional Non-Executive Independent Director (appointed w.e.f. 25th July 2026)

Registered and Corporate Offices

  • Previous Registered Office: 202, 2nd Floor, A Wing, Rahul Mittal Industrial Estate, Sir M. V. Road, Andheri East, Mumbai, Maharashtra 400059
  • Corporate Office: Prestige Precinct, 3rd Floor, Almieda Road, Panchpakhadi Road, Thane (West) - 400 601
  • Manufacturing Units: Silvassa Unit (Plot No. 183/1, Surangi, Silvassa, Dadra & Nagar Haveli - 396 230) and Vapi Unit (Plot No. 7, Survey No. 679/1, Village-Karvad, Taluka-Vapi, District-Valsad, Gujarat - 396195)

Financial Performance Summary (FY 2025-26 vs FY 2024-25)

| Particulars | Current Year (₹ Lakhs) | Previous Year (₹ Lakhs) |

| Total Revenue | 15,123.50 | 15,447.84 |

| Revenue from Operations | 14,708.69 | 15,057.38 |

| Expenditure (excl. Depreciation) | 13,452.09 | 13,564.11 |

| EBITDA | 1,671.41 | 1,883.73 |

| Depreciation and Amortization | 230.64 | 207.16 |

| Profit Before Tax | 1,381.44 | 1,676.57 |

| Tax Expense | 318.51 | 435.37 |

| Profit After Tax | 1,062.93 | 1,241.21 |

| Other Comprehensive Income | 6.37 | 0.79 |

| Dividend (including tax) | 154.24 | 154.24 |

| Retained Earnings carried forward | 6,471.72 | 5,556.66 |

Earnings Per Share:

  • Basic EPS (after exceptional items): ₹20.67 (Previous: ₹24.14)
  • Diluted EPS (after exceptional items): ₹20.67 (Previous: ₹24.14)
  • Basic EPS (before exceptional items): ₹21.83 (Previous: ₹24.14)

Share Capital and Ownership

  • Paid-up Equity Share Capital: ₹257.07 Lakhs comprising 51,41,330 equity shares of ₹5 each
  • Promoter Holding: 71.39% (36,70,436 shares)
  • Public Holding: 28.61% (14,70,894 shares)
  • Dematerialized Shares: 98.55% of total shares
  • Directors' Shareholding: Mr. Nitin Kedia (5,51,472 shares), Mr. Nirmal Kedia (4,63,924 shares), Mr. Nipun Kedia (30,000 shares)

43rd Annual General Meeting Details

  • Date: Monday, 21st September 2026
  • Time: 12:00 noon IST
  • Mode: Video Conferencing/Other Audio Visual Means without physical presence
  • Cut-off date for voting: Monday, 14th September 2026
  • Book Closure: 14th September 2026 to 20th September 2026 (both days inclusive)

AGM Agenda Items

Ordinary Business

1. Approval of Audited Financial Statements for FY 2025-26 including Balance Sheet as at 31st March 2026, Profit and Loss Statement, reports of Directors and Auditors

2. Re-appointment of Mr. Nitin Kedia (DIN: 00050749) as Managing Director who retires by rotation

Special Business

3. Ratification/Approval of Transactions with Related Parties amounting to ₹629.24 Lakhs (details provided in explanatory statement)

4. Ratification of Remuneration payable to Cost Auditors M/s. NKJ & Associates for FY 2026-27 amounting to ₹30,000 plus out-of-pocket expenses and applicable taxes

5. Regularization of Ms. Meghna Vihang Makda (DIN: 10500291) as Non-Executive Independent Director for term of 5 years from 25th July 2026 to 24th July 2031

Key Financial Ratios

| Ratio | FY 2025-26 | FY 2024-25 | Deviation | Reason |

| Debt Equity Ratio | 0.15 | 0.09 | +67% | Increase in borrowings from banks |

| Debt Service Coverage Ratio | 11.32 | 16.87 | -32.79% | Increase in borrowings and decrease in profit |

| Current Ratio | 2.38 | 2.27 | +4.96% | Not significant |

| Return on Equity | 12.27% | 16.10% | -23.80% | Not significant |

Related Party Transactions

Total related party transactions during FY 2025-26 amounted to ₹629.24 Lakhs, including:

  • Director remuneration: ₹312.80 Lakhs
  • Professional fees to related entities: ₹112.00 Lakhs
  • Rent payments: ₹169.23 Lakhs
  • Commission and brokerage: ₹5.86 Lakhs
  • CSR expenditure: ₹0.50 Lakhs

All transactions were at arm's length and in ordinary course of business, approved by Audit Committee.

Capital Structure and Investments

  • Non-current Investments: ₹138.66 Lakhs (mainly quoted equity instruments)
  • Current Investments: ₹4,998.36 Lakhs (mutual funds and bonds at fair value through profit and loss)
  • Property, Plant and Equipment: ₹3,271.41 Lakhs (net block)
  • Capital Work-in-Progress: ₹529.74 Lakhs
  • Inventories: ₹2,655.73 Lakhs
  • Trade Receivables: ₹1,988.40 Lakhs

Borrowings and Liabilities

  • Non-current Borrowings: ₹391.03 Lakhs (secured term loans)
  • Current Borrowings: ₹999.82 Lakhs (working capital loans)
  • Trade Payables: ₹2,167.07 Lakhs
  • Deferred Tax Liability: ₹223.45 Lakhs

Corporate Governance

  • Board Meetings: 6 meetings held during FY 2025-26
  • Attendance: All directors attended all meetings
  • Committees: Audit Committee (6 meetings), Nomination & Remuneration Committee (1 meeting), Stakeholders Relationship Committee (1 meeting), CSR Committee (1 meeting)
  • Whistle Blower Policy: Implemented and operational
  • CSR Expenditure: ₹25.02 Lakhs spent on eradicating hunger, poverty, malnutrition, healthcare, and education

Auditors and Compliance

  • Statutory Auditors: M/s. Jhunjhunwala Jain & Associates LLP (FRN: 113675W/W100361)
  • Secretarial Auditor: Ms. Kala Agarwal, Practicing Company Secretary
  • Cost Auditor: M/s. NKJ & Associates (Firm Registration Number: PROP/01515)
  • Internal Financial Controls: Adequate and operating effectively
  • Secretarial Audit Report: No material adverse findings

Pending Litigations and Contingencies

  • Excise Duty disputes: ₹401.38 Lakhs (pending with CESTAT)
  • GST disputes: ₹12.40 Lakhs (pending with Commissioner of Appeals)
  • Bank Guarantees: ₹476.51 Lakhs issued by bankers

Dividend Information

  • Dividend declared: ₹154.24 Lakhs (including dividend distribution tax)
  • Unpaid Dividend: ₹26.99 Lakhs in unclaimed dividend account
  • Delay in IEPF transfer: ₹0.79 Lakhs unpaid dividend due for transfer to IEPF on 07/09/2025 but not transferred till report date

Employee Benefits

  • Gratuity Liability: ₹142.77 Lakhs (Plan Assets: ₹90.95 Lakhs, Net liability: ₹51.82 Lakhs)
  • Actuarial Assumptions: Discount rate 7.14%, Salary escalation 5.00%
  • Defined Benefit Cost: ₹69.03 Lakhs recognized in P&L

Other Significant Disclosures

  • Segment Reporting: Single segment - Alloy Steel Castings
  • Foreign Exchange Earnings: ₹630.90 Lakhs from exports
  • Foreign Exchange Expenditure: ₹66.52 Lakhs
  • Corporate Guarantees: ₹476.51 Lakhs issued to banks
  • CSR Policy: Available on company website