Aditya Forge Ltd

Agm details

• Date: 30 Sep 2026; Start 01:00 PM; End 01:20 PM.
• Mode: Physical AGM with remote e-voting facility.
• Record date for voting eligibility: 23 Sep 2026.

Key resolutions

• Resolution 1: Ordinary – adopt audited financial statements and reports.
• Resolution 2: Ordinary – re-appoint Nitin Rasiklal Parekh as Director by rotation.
• Resolution 3: Special – appoint Ruta Rohankumar Soni as Non-Executive Director.
• Resolution 4: Special – change of Registered Office outside local limits.

Voting results

• All resolutions passed; no votes against.
• Total votes polled: 369,910; in-favour 100%.

Director changes

• Ruta Rohankumar Soni appointed as Non-Executive Director.
• Nitin Rasiklal Parekh re-appointed as Director by rotation.

Auditors

• Auditors unchanged; focus is on adopting the financial statements.

Other approvals

• Special resolutions cover director appointments and registered office change.

AGM Details

• Date and time: 30 Sep 2026, 1:00–1:20 PM IST.
• Mode: physical meeting with remote e-voting.
• Venue: T-4 Shreeji Astha Avenue, Ellora Park, Vadodara.
• Remote e-voting window: Sep 27, 9:00 AM to Sep 29, 5:00 PM.
• Quorum: 24 members present; minimum 15.

Key Resolutions

• Adopt Audited Financial Statements for FY 2025-26 (Ordinary).
• Re-appoint MD Nitin Rasiklal Parekh by rotation (Ordinary).
• Appoint Ruta Rohankumar Soni as Non-Executive Professional Director (Ordinary).
• Change of Registered Office outside local limits (Special).

Voting Results

• Voting results to be declared after Scrutinizer report.
• Results will be announced within 48 hours of meeting.

Director Changes

• MD Nitin Rasiklal Parekh retires by rotation; seeks re-appointment.

Aditya Forge Limited: Trading window closed from October 01, 2026 till 48 hours after the declaration and publication of unaudited financial results for the quarter ended September 30, 2026.

Secretarial auditor name change

• Secretarial Auditor renamed from ALAP & Co. LLP to Prasad and Partners LLP; terms unchanged.

Book closure details

• Book closure from 24 September 2026 to 30 September 2026 inclusive for AGM.
• AGM date scheduled for 30 September 2026.

AGM Details

• Date and time: September 30, 2026 at 01:00 P.M. IST.
• Mode: Physical AGM at Vadodara; remote e-voting available.
• Register of Members closed Sep 24-30, 2026.
• Cut-off date for voting: Sep 23, 2026.
• Remote e-voting window: Sep 27-29, 2026.
• Venue: T-4, Shreeji Astha Avenue, Ellora Park, Vadodara, Gujarat, India.

Ordinary Business

• Adopt audited financial statements for the year ended March 31, 2026.
• Re-appoint Managing Director by rotation as required.

Special Business

• Appoint Ruta Rohankumar Soni as Non-Executive Professional Director.
• Change Registered Office from Vadodara to Ahmedabad outside local limits.

Financial performance

• FY25-26 revenue from operations: nil; prior year 326.06 Lakhs.
• Other income FY25-26: nil; prior year 1032.76 Lakhs.
• Total income FY25-26: nil; FY2024-25: 1358.82 Lakhs.
• PAT FY25-26: 13.05 Lakhs; FY2024-25: 699.34 Lakhs.
• EPS FY25-26: 0.30; FY2024-25: 16.20.
• Dividend: no dividend declared for 2025-26.
• Management aims revenue growth and higher net profit in future.

Business developments

• No operating revenue this year; pivot to new real estate contracting segment.
• Board expects revenue growth and improved profitability in coming years.
• AGM notices and resolutions include director appointment, and register office shift.

Capital structure & liquidity

• Borrowings stood at 372.00 Lakhs as of 31 March 2026.
• Cash and cash equivalents: 0.53 Lakhs.
• Equity capital: 43,08,600 shares; paid-up Rs 4.3086 Crore.
• Total equity reported negative; balance sheet shows accumulated losses.
• Income tax demands totaling 102.77 Lakhs; appeal in progress.

Governance & board changes

• MD Nitin Rasiklal Parekh; appointment date February 27, 1992.
• Ruta Rohankumar Soni appointed Additional Non-Executive Director Oct 8, 2025; regularisation proposed.
• Ms. Priyanka Sharma resigned Oct 8, 2025; Priyanka Bakhtyarpuri appointed Dec 17, 2025.
• Board meetings held: 8; Audit Committee: 4; NRC: 3; Stakeholders: 1.

Audit & compliance notes

• Statutory auditors M A A K & Associates; qualified opinion due to missing balance confirmations.
• Secretarial audit flagged several gaps; internal auditor not appointed; promotions not fully dematerialised.
• SEBI filings delayed in part; some e-forms filed with delay; UPSI entries noted late.

Risk & outlook

• Global/India macro environment cited; India growth expected to drive infrastructure/manufacturing demand.
• Forging industry faces competition from low-cost regions; exposure to raw material costs and exchange rates.
• Tax disputes and regulatory changes present near-term risk factors.

Related party disclosures

• Related party transactions are arm's length and disclosed in notes.
• No significant promoter or KMP related party exposure reported.

Registered office relocation

• Board approved shift of registered office from Vadodara to Ahmedabad, outside local limits but within same ROC jurisdiction.
• Subject to shareholders' approval.

Board actions

• Board approved standalone Q1 FY2026 unaudited results for quarter ended June 30, 2026.
• Draft Directors' Report for 2025-26 approved with annexures.

Auditor's review

• Independent Auditor's Review Report for period ended 30 June 2026 issued.
• Qualified opinion due to absence of balance confirmations for receivables, payables, and loans.

Other disclosures

• Company has a single reportable segment under Ind AS 108.
• Board meeting held Aug 14, 2026; meeting from 04:00 to 04:30 PM.
• Standalone results note uncertainties on income tax notices; provision made as applicable.