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

  • Revenue from operations: ₹83,855.74 lakhs (prev. ₹77,019.10 lakhs)
  • Other Income: ₹164.21 lakhs (prev. ₹121.66 lakhs)
  • Total Revenue: ₹84,019.95 lakhs (prev. ₹77,140.76 lakhs)
  • Profit Before Tax: ₹2,717.45 lakhs (prev. ₹2,008.38 lakhs)
  • Profit After Tax: ₹2,103.36 lakhs (prev. ₹1,541.75 lakhs)
  • Earnings Per Share (Basic & Diluted): ₹4.95 (prev. ₹4.29)

Capital Structure Changes

  • Authorized Share Capital: 5,10,00,000 equity shares of ₹10 each (₹51,00,00,000) - unchanged
  • Paid-up Share Capital: Increased from ₹34,63,12,100 (3,46,31,210 shares) to ₹49,63,12,100 (4,96,31,210 shares)
  • IPO: Successfully completed Initial Public Offering of 1,50,00,000 equity shares through fresh issue aggregating to ₹1,48.50 lakh
  • Listing: Shares listed on BSE and NSE with effect from September 24, 2025

Dividend Information

No dividend recommended for FY 2025-26 to conserve resources for expansion plans and business operations.

Corporate Governance and Board Composition

Board of Directors as on 31.03.2026:

1. Mr. Varun Manojkumar Jain - Managing Director

2. Mr. Rishabh Sunil Singhi - Whole Time Director

3. Mr. Manojkumar Jain - Director

4. Mr. Vivek Dinesh Nathwani - Independent Director

5. Ms. Jasmin Jaykumar Doshi - Independent Director

6. Mr. Vinod Bhanwer Singh - Independent Director (Resigned w.e.f. 28.04.2026)

7. Ms. Vaishaliben Sanjaybhai Jain - Independent Director (Appointed w.e.f. 29.04.2026)

Key Managerial Personnel:

1. Mr. Varun Manojkumar Jain - Managing Director

2. Mr. Rishabh Sunil Singhi - Whole Time Director

3. Mr. Vikram Babubhai Patel - Chief Financial Officer

4. Mr. Vijay Amrabhai Boliya - Company Secretary and Compliance Officer (Resigned w.e.f. 31.03.2026)

5. Ms. Shikha Ranjan - Company Secretary and Compliance Officer (Appointed w.e.f. 09.06.2026)

Committee Composition

Audit Committee:

  • Mr. Vivek Dinesh Nathwani - Chairman
  • Ms. Vaishaliben Sanjaybhai Jain - Member
  • Ms. Jasmin Jaykumar Doshi - Member
  • Mr. Manojkumar Jain - Member

Nomination & Remuneration Committee:

  • Ms. Jasmin Jaykumar Doshi - Chairman
  • Mr. Vivek Dinesh Nathwani - Member
  • Mr. Manojkumar Jain - Member

Stakeholder Relationship Committee:

  • Ms. Vaishaliben Sanjaybhai Jain - Chairman
  • Mr. Varun Manojkumar Jain - Member
  • Ms. Jasmin Jaykumar Doshi - Member
  • Mr. Rishabh Sunil Singhi - Member

Banking Relationships

  • HDFC Bank
  • Axis Bank

Auditors Appointment and Remuneration

  • Statutory Auditors: M/S Suresh Chandra & Associates, Chartered Accountants, Ahmedabad (Firm Reg No. 001359N)
  • Cost Auditors: M/s. Anuj Aggarwal & Co., Cost Accountants, Ahmedabad (Firm Reg No. 102409) - Remuneration ₹25,000 plus taxes for FY 2026-27
  • Internal Auditors: M/s. N.R. KALAL & Associates, Chartered Accountants, Ahmedabad (Firm Reg No.0149215W)
  • Secretarial Auditors: M/s. Umesh Ved & Associates, Company Secretaries, Ahmedabad

Registered Office and Contact Information

Survey No. 214, Near Water Tank, Bhayla, Ahmedabad, Bavla, Gujarat, India, 382220

Contact No.: 6357585711

13th Annual General Meeting Details

  • Date: Tuesday, September 29, 2026
  • Time: 3:00 PM
  • Mode: Video Conferencing/Other Audio Visual Means
  • Record Date: Tuesday, September 22, 2026

Business to be Transacted:

Ordinary Business:

1. Adoption of audited financial statements for FY 2025-26

2. Re-appointment of Mr. Manojkumar Jain (DIN: 02190018) as director retiring by rotation

Special Business:

3. Ratification of remuneration of ₹25,000 to Cost Auditors for FY 2026-27

4. Appointment of Ms. Vaishaliben Sanjaybhai Jain (DIN: 11450105) as Independent Director for 5 years (29.04.2026 to 28.04.2031)

Operational Highlights

  • Manufacturing capacity: 200,000 metric tonnes per annum
  • Capacity utilization: 71% (141,611 metric tonnes produced in FY26)
  • Backward integration completed with CCM division enabling TMT manufacturing from scrap
  • Distribution network: 3 distributors and 227 dealers as of July 31, 2025
  • 15 MW captive solar power plant initiative underway with estimated cost of ₹4,640 lakhs

Corporate Social Responsibility

  • CSR expenditure: ₹29.87 lakhs for FY 2025-26
  • Focus area: Promoting education for underprivileged children
  • Implementing agency: Shri Umiya Education and Charitable Trust (CSR Reg. No.: CSR00032772)

Credit Ratings

  • Long Term Bank Facilities: IVR BBB/ Stable (₹154.83 crores)
  • Short Term Bank Facilities: IVR A3+ (₹119.10 crores)

Significant Corporate Developments

  • Scheme of Amalgamation with Aditya Ultra Steel Limited approved by Board, under review by stock exchanges
  • Company completed first financial year as a listed entity
  • No material orders passed by regulators or courts impacting going concern status

Shareholding Pattern (as on 31.03.2026)

  • Promoters and Promoter Group: 67.18% (3,33,42,810 shares)
  • Public Shareholding: 32.83% (1,17,06,817 shares)
  • Dematerialized Holdings: 100% (49,631,209 shares)
  • Physical Holdings: 0.000002% (1 share)

Registrars and Share Transfer Agents

KFin Technologies Limited

301, The Centrium, 3rd Floor, 57, Lal Bahadur Shastri Road, Nav Pada, Kurla (West), Mumbai - 400 070

Tel: +91 - 40- 6716 2222

Compliance Status

All applicable provisions of Companies Act, 2013 and SEBI Listing Regulations have been complied with. No material violations reported by auditors.