AGM Details
The 47th Annual General Meeting is scheduled to be held on Thursday, August 20, 2026 at 11:00 AM through Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The deemed venue is the Registered Office at A-1, Adinath Apartment, 281, Tardeo Road, Mumbai - 400 007.
Business Items to be Transacted
Ordinary Business:
1. To receive, consider and adopt the Audited Financial Statements for FY ended March 31, 2026, including Balance Sheet, Profit & Loss Account, and Reports of Board of Directors and Auditors
- Resolution: Ordinary Resolution
- Approval method: E-voting/Remote E-voting
2. To appoint director in place of Mr. Hemant Ranawat (DIN: 00194870) who retires by rotation and offers himself for re-appointment
- Resolution: Ordinary Resolution
- Approval method: E-voting/Remote E-voting
Special Business:
3. Re-appointment of Mr. Vimalchand Jain (DIN: 00194574) as Managing Director for 3 years from August 14, 2026 to August 13, 2029
- Resolution: Special Resolution
- Approval method: E-voting/Remote E-voting
- Key terms: No remuneration, liable to retire by rotation
- Requires special resolution as he has attained age of 77 years
4. Appointment of Mr. Vinit Ranawat (DIN: 00778655) as Non-Executive Non-Independent Director (appointed as Additional Director w.e.f. August 12, 2025)
- Resolution: Ordinary Resolution
- Approval method: E-voting/Remote E-voting
5. Appointment of Mr. Arvind Kumar Joshi (DIN: 11529707) as Non-Executive Independent Director for 5 years from February 26, 2026 to February 25, 2031
- Resolution: Special Resolution
- Approval method: E-voting/Remote E-voting
6. Appointment of Mrs. Kavita Rakesh Jain (DIN: 11530039) as Non-Executive Independent Director for 5 years from February 26, 2026 to February 25, 2031
- Resolution: Special Resolution
- Approval method: E-voting/Remote E-voting
Financial Performance Highlights (FY 2025-2026)
- Total Income: ₹47.56 crore (previous year: ₹43.50 crore) - increase of 9.32%
- Profit before Depreciation, Interest & Tax: ₹3.29 crore (previous year: ₹3.26 crore)
- Profit before Tax: ₹69.29 lakh (previous year: ₹38.99 lakh)
- Profit after Tax: ₹38.60 lakh (previous year: ₹37.78 lakh)
- Export Sales: ₹7.46 crore (previous year: ₹6.97 crore) - increase of 7.03%
- Total Borrowings: ₹17.57 crore (previous year: ₹15.84 crore)
- Capital Expenditure: ₹99.86 lakh
- Employee Strength: 247 employees (previous year: 248)
Operational Highlights
- Production: Rolling division 12,241.85 MT (decrease of 0.98%), Forging production decreased by 3.17%
- Cost reduction due to withdrawal of cess on coal by Government
- Reduction in maintenance expenses during the year
- Increase in export sales contributing to improved operating efficiency
- Development of new products in rolling mill and forging segments
- Expansion of market network pan-India
Corporate Governance
- Board comprises 6 Directors including 3 Independent Directors
- Board met 6 times during FY 2025-2026
- Three Board Committees: Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee
- Company has Whistle Blower Policy and Vigil Mechanism in place
- No material related party transactions
Dividend
No dividend declared for FY 2025-2026 to conserve resources.
Share Capital
- Authorized Capital: ₹700.00 lakh (69,90,000 equity shares of ₹10 each + 1,000 preference shares of ₹100 each)
- Paid-up Capital: ₹501.36 lakh (50,13,600 equity shares of ₹10 each fully paid-up)
- Promoter holding: 62.19% (31,17,730 shares)
Key Dates
- Book Closure: August 17, 2026 to August 20, 2026 (both days inclusive)
- Cut-off date for e-voting: August 13, 2026
- Remote e-voting period: August 17, 2026 (9:00 AM) to August 19, 2026 (5:00 PM)
- Scrutinizer: Mr. Narayan Parekh of M/s. PRS Associates
Other Disclosures
- Company has not accepted any deposits from public
- No material changes after balance sheet date
- No significant material orders passed by regulators/courts
- No fraud reported by auditors
- No corporate insolvency resolution process initiated