Key Financial Figures (FY2025-26)

  • Net Sales: ₹72.02 crore (previous year: ₹81.44 crore)
  • Other Income: ₹1.79 crore (previous year: ₹0.87 crore)
  • Total Income: ₹73.81 crore (previous year: ₹82.31 crore)
  • Total Expenditure: ₹68.40 crore (previous year: ₹77.73 crore)
  • Profit Before Tax: ₹4.78 crore (previous year: ₹3.77 crore)
  • Tax Expense: ₹1.27 crore (previous year: ₹1.03 crore)
  • Net Profit: ₹3.52 crore (previous year: ₹2.74 crore)
  • Earnings Per Share: ₹1.15 (previous year: ₹0.86)
  • Equity Share Capital: ₹6.23 crore (unchanged)
  • Other Equity: ₹32.63 crore (previous year: ₹29.04 crore)
  • Dividend Recommended: 10% (Re. 0.20 per share of ₹2 each), totaling ₹62.26 lakhs

Production Data

  • Welding Electrodes Production: 1,985.75 MT (previous year: 1,951.21 MT)
  • CCMS Wire Production: 4,841.18 MT (previous year: 4,684.75 MT)
  • Wire Rod Production: 1,031.20 MT (previous year: 2,339.30 MT)

AGM Details

  • Date: 28th September 2026
  • Time: 9:30 AM
  • Mode: Video Conferencing and Other Audio Visual Means
  • Record Date: 21st September 2026
  • Book Closure: 22nd to 28th September 2026 (both days inclusive)
  • Dividend Payment Date: On or before 27th October 2026

Business Items to be Transacted

1. Adoption of audited financial statements for FY2025-26

2. Declaration of dividend of Re. 0.20 per share (10%)

3. Re-appointment of Mrs. Payal Jain (DIN: 07181548) as director retiring by rotation

4. Appointment of Mr. S Hari Krishnan, Practicing Company Secretary as Secretarial Auditor for 5 years (FY2026-27 to FY2030-31) at remuneration of ₹2 lakhs per annum

Remote E-Voting Details

  • Voting Period: 24th September 2026 (10:00 AM) to 27th September 2026 (5:00 PM)
  • Platform: www.evotingindia.com (through CDSL)
  • Scrutinizer: Mr. Gopikrishnan Madanagopal, Practicing Company Secretary

Corporate Governance

  • Board Composition: 6 directors (3 independent, 3 non-independent)
  • Board Meetings: 6 meetings held during the year
  • Chairman: Mr. B. Ranjit Kumar Kothari (Non-Executive, Non-Independent)
  • Managing Director: Mr. B. Popatlal Kothari
  • CFO: Mr. Kashyap Kothari
  • Company Secretary: Mrs. Jagruti J Jain
  • Statutory Auditors: M/s Poonam Ankit & Associates, Chartered Accountants
  • Secretarial Auditor: Mr. Gopikrishnan Madanagopal (for FY2025-26)

Capital Structure Impact

No change in share capital during the year. Paid-up capital remains at 3,11,30,500 equity shares of ₹2 each fully paid.

Operational Highlights

  • Company achieved debt-free status after repaying all secured borrowings
  • Installing 100 KWA solar power plant on trial basis at estimated cost of ₹32.63 lakhs
  • Maintained ISO 9001 certification and RDSO approval for supplying to Indian Railways
  • Trading business in groceries and staples generated minimal turnover of ₹7.31 lakhs; Board decided not to scale up this business

Related Party Transactions

  • Job work charges paid to Kashyap Wire Products (related party): ₹146.36 lakhs
  • Managing Director remuneration: ₹60 lakhs
  • CFO remuneration: ₹28.22 lakhs
  • Company Secretary remuneration: ₹6.30 lakhs

Compliance Matters

  • Paid penalties of ₹16,520 for delayed filing of shareholding pattern
  • Paid penalties of ₹5,900 for delayed filing of related party transactions
  • Appeal pending for ₹99,120 penalty levied for delayed submission of annual report

Foreign Exchange

  • Foreign Exchange Earnings: ₹2.38 lakhs (previous year: ₹54.06 lakhs)
  • Foreign Exchange Outgo: ₹24.82 lakhs (previous year: ₹167.47 lakhs)

Contingent Liability

  • Customs duty dispute: ₹84.86 lakhs (pending with Customs, Excise, Service Tax Appellate Tribunal, Chennai)

Shareholding Pattern

  • Promoter Holding: 27.96%
  • Public Holding: 72.04%
  • Dematerialized Shares: 99.15% of paid-up capital
  • Physical Shares: 0.85% of paid-up capital