Ashoka Metcast Ltd

Dematerialisation/Rematerialisation status

• No dematerialisation/rematerialisation requests were received.
• No securities were received for dematerialisation; no certificates were mutilated or cancelled.
• No substitution of depository name in the register due to absence of dematerialisation.
• Listing not applicable as no dematerialisation occurred.

Ashoka Metcast Limited trading window to close from October 2026 till 48 hours after the declaration of Unaudited Financial Results for the quarter and half year ended 30th September, 2026.

Independent Director appointment

• Appointment of Mrs. Jhanvi Vikas Sethi as Non-Executive Independent Director.
• Appointed w.e.f. 12 August 2026 for a term up to 11 August 2031.
• Approved by AGM on 17 September 2026 on Nomination and Remuneration Committee recommendation.
• Age 49, 20+ years in stock market and finance; experience in investment management and financial analysis.
• No relationships with other directors.
• Not debarred by SEBI or other authorities.

AGM details

• AGM held on 17 September 2026 at 3:30 PM via VC/OAVM; concluded 3:37 PM.
• Record date: 10 September 2026; venue at registered office via video conference.
• Remote e-voting period: 14–15 September 2026, 9:00 AM–5:00 PM.

Resolutions and outcomes

• Resolution 1 (Ordinary): adoption of standalone and consolidated financial statements; passed.
• Resolution 2 (Ordinary): reappointment of Shalin Ashok Shah; passed.
• Resolution 3 (Special): regularization of Jhanvi Vikas Sethi as Independent Director; passed.
• Resolution 4 (Special): enhancement of promoter loan limit and loan-to-equity conversion; passed.
• Resolution 5 (Special): related party transaction with Rhetan TMT Limited; not passed.
• Resolution 6 (Special): related party transaction with Ashnisha Industries Limited; not passed.
• Resolution 7 (Special): related party transaction with Lesha Industries Limited; not passed.
• Resolution 8 (Special): related party transaction with Gujarat Natural Resources Limited; not passed.
• Resolution 9 (Special): related party transaction with Lesha Ventures Private Limited; not passed.

Dividend

• Dividend proposed/declared: none.

Director changes

• Shalin Ashok Shah reappointed as Non-Executive Director (retirement by rotation).
• Jhanvi Vikas Sethi regularized as Non-Executive Independent Director.

Related party approvals

• Related party transactions with Rhetan TMT Limited: not approved.
• Related party transactions with Ashnisha Industries Limited: not approved.
• Related party transactions with Lesha Industries Limited: not approved.
• Related party transactions with Gujarat Natural Resources Limited: not approved.
• Related party transactions with Lesha Ventures Private Limited: not approved.

AGM Details

• Held on 17 September 2026 at 3:30 PM IST via Video Conferencing/OAVM.

Key Resolutions

• Adopt standalone and consolidated financial statements for year ended 31 March 2026; outcome pending.
• Re-appoint Shalin Ashok Shah as non-executive director, retiring by rotation; outcome pending.
• Regularize Jhanvi Vikas Sethi as non-executive independent director; outcome pending.
• Enhancement of promoter group financing limit and loan-to-equity conversion; outcome pending.
• Material related party transactions with Rhetan TMT Limited; outcome pending.
• Material related party transactions with Ashnisha Industries Limited; outcome pending.
• Material related party transactions with Lesha Industries Limited; outcome pending.
• Material related party transactions with Gujarat Natural Resources Limited; outcome pending.
• Material related party transactions with Lesha Ventures Private Limited; outcome pending.

Auditors & Governance

• Statutory auditors attended; no change in auditor appointment disclosed.
• Scrutinizer appointed for e-voting; consolidated results to be declared within two days.

Response to price movement query

• Company states no event or information requiring disclosure that could affect price.
• Price movement is market-driven with no internal control over it.
• Company commits to timely disclosure of all material information required under law.

Financial highlights

• Consolidated total income: 3732.21 Lakh, down from 4353.66.
• Consolidated PAT: 1079.98 Lakh, up from 548.52.
• Consolidated revenue from operations: 2770.25 Lakh.
• Standalone revenue: 436.49 Lakh; Standalone PAT: 50.20.
• EPS: Consolidated 6.05 Rs; Standalone 0.20 Rs.
• Dividend: No dividend for FY2025-26.
• Current ratio (Consolidated) 4.23; Standalone 3.65.

Dividends & capital

• Dividend: Board did not declare any dividend for FY2025-26.
• Issued equity capital: Rs 2,499.60 Lakh across 24,996,000 shares.

Governance & board

• Mrs. Jhanvi Vikas Sethi appointed as Independent Director; five-year term.
• Promoter-finance limit raised to Rs 50 Cr with equity-conversion option.
• Board committees: Audit, Nomination & Remuneration, Stakeholders' Relationship.
• Board meetings held 11 times in FY2025-26.

Related party transactions

• Material RPTs approved with RTL, Ashnisha, Lesha, Gujarat Natural Resources, LVPL.
• RPT ceiling: Rs 150 Crores per party for FY2027-28.
• RPTs to be arm's length and in ordinary course.
• Audit Committee authorized to implement RPTs.

Strategy & compliance

• Strategic shift to diversify into chemical trading; expand distribution network.
• MOA amended to include commodity trading; new object clause added.
• Registered office shifted to new address.
• Secretarial audit notes delay in shareholding pattern; fines paid.
• Statutory auditors GMCA & Co. issued unqualified opinions.