Ahmedabad Steelcraft Ltd

AGM details

• Date and mode: 26 Sep 2026, 01:00 PM IST via VC/OAVM; commenced 01:11 PM.

Key resolutions

• Adopt standalone financial statements for year ended 31 Mar 2026.
• Re-appoint Rohit Pandey as director, retiring by rotation.
• Appoint Secretarial Auditor.
• Approve material related party transactions.

Voting results

• Adopt standalone financial statements: passed; in-favor 99.9999%; against 0.0001%.
• Re-appoint Rohit Pandey: passed; in-favor 99.9999%; against 0.0001%.
• Appoint Secretarial Auditor: passed; in-favor 99.9999%; against 0.0001%.
• Approve material related party transactions: passed; related-party votes excluded; in-favor 99.9999%.

Director changes

• Rohit Pandey re-appointed as director; retiring by rotation.

Auditor appointments

• Secretarial Auditor appointed.

Related party transactions

• Resolution to approve material related party transactions approved.

AGM Details

• AGM date and mode: 26 Sep 2026, 1:00 PM, via VC/OAVM.
• Meeting commenced 1:11 PM and concluded 1:34 PM.
• Shareholders cut-off date: 19 Sep 2026; total shareholders: 3,266.
• Remote e-voting available before and during AGM; results to be announced.

Key Resolutions

• Ordinary: adopt Audited Standalone Balance Sheet and statements.
• Ordinary: re-appointment of Rohit Pandey by rotation.
• Ordinary: appointment of Secretarial Auditor.
• Ordinary: approve material related party transactions.

Voting Status

• Final voting outcomes not disclosed in filing; will be announced after Scrutinizer report.

Directors & Auditors

• Director Rohit Pandey to be re-appointed by rotation.
• Secretarial Auditor to be appointed.

Material Related Party Transactions

• Approval of material RPTs; counterparty and values not disclosed.

Financial performance

• Revenue from operations ₹22,127.56 lakh FY2025-26.
• Total income ₹22,127.82 lakh; prior year ₹17,229.07 lakh.
• EBITDA ₹2,528.38 lakh; margin 11.33%.
• PAT ₹1,864.34 lakh; PAT margin 8.43%.
• EPS 13.50 (basic and diluted).
• OCF ₹-2,179.27 lakh; financing inflows ₹2,538.44 lakh.
• Dividend not recommended for FY2025-26.
• Equity share capital ₹1,509.20 lakh; total equity ₹13,165.88 lakh.
• Total borrowings ₹286.22 lakh; lease liabilities ₹71.67 lakh.
• Warrant conversion completed; total equity increased to 1,50,92,000 shares.

Operations & strategy

• Awarded 132 kV Chandankiyari-ITI More turnkey transmission line by JUSNL, 20.5 km.
• Developing power transmission EPC capabilities for turnkey projects.
• Strategic expansion into power EPC; focus on execution, supply chain, safety.
• Outlook: infrastructure investment drives EPC and renewables opportunities in India.
• Management emphasizes disciplined project execution and risk control.
• Diversification beyond steel trading toward engineering infrastructure.

Governance & management changes

• Rohit Pandey: Chairman; Sunil Dutt Pandey: Managing Director.
• Rajeev Singh resigned as Independent Director on 30-08-2025.
• Raj Kumar and Atul Gupta appointed Independent Directors.
• KMP changes: Kirtan Panchal appointed May 2025; ceased Nov 2025.
• Anuja Jain appointed CS Jan 31, 2026; Nisha appointed CFO Feb 7, 2026.
• Board compliance declarations on independence reaffirmed.

Capital structure & listings

• Authorized capital ₹1,600 lakh; issued capital ₹1,509.20 lakh.
• 1,10,00,000 warrants converted; total equity 1,50,92,000 shares.
• Equity listed on BSE; scrip AHMDSTE.
• Dematerialisation: 99.21% in demat; 0.79% physical.

Audits & controls

• Statutory auditors: Prateek Gupta & Co.
• Secretarial auditors appointed: Nisarg Sharma & Associates (Aug 2026).
• Internal auditors: VARS and Associates.
• Secretarial MR-3 report: no qualifications.
• Internal controls considered adequate; no material weaknesses observed.

Risks, outlook & CSR

• Key risks: project delays, regulatory approvals, input cost volatility, liquidity.
• CSR spend ₹8.68 lakh; 2% of average net profit ₹7.40 lakh; excess ₹1.27 lakh carried forward.
• Related party transactions with ABI Energy Solutions Limited and ABI Infratech Private Limited.
• Management remains focused on risk management, governance, and value creation.

AGM Details

• AGM scheduled on 26 September 2026 at 01:00 PM via VC/OAVM.
• Deemed venue: corporate office, Noida.
• Register of Members and Share Transfer Books closed 20–26 September 2026.
• Dividend for FY 2025-26 not recommended.
• Remote e-voting window: 23–25 September 2026.

Key Resolutions

• Ordinary: Adoption of standalone financial statements and reports.
• Ordinary: Re-appointment of director retiring by rotation.
• Ordinary: Appointment of Secretarial Auditor for five years; remuneration to be fixed by Board.
• Ordinary: Approve material related party transactions, in ordinary course and at arm's length.

Director & Secretarial Auditor

• Director to be re-appointed on retirement by rotation.
• Secretarial Auditor appointed for five years; Board to fix remuneration.

Dividend & Post-AGM

• No dividend declared or recommended for the year.

Board decisions

• Recommend Rohit Pandey's reappointment as director liable to retire by rotation.
• Approve AGM notice, date, venue, and VC/OAVM for 54th AGM on Sept 26, 2026.
• Approve Directors' Report for FY 2025-26.
• Approve cut-off date and book closure for AGM: 19 Sep 2026; 20–26 Sep 2026.
• Appoint Scrutinizer: Nisarg Sharma & Associates for AGM e-voting.
• Noted IEPF notices and transfer actions for unclaimed dividends.

Director profile

• Rohit Pandey: proposed reappointment; 13+ years’ turnkey project experience; son of MD Sunil Pandey.

Scrutinizer appointment

• M/s Nisarg Sharma & Associates appointed as Scrutinizer for postal ballot and e-voting.

IEPF disclosures

• Transfer of unclaimed dividends/shares to IEPF; notices issued.

Governance and results

• Standalone unaudited Q1 FY2026-27 results approved; Ind-AS compliant with Limited Review by Prateek Gupta & Co.
• Resignation of SJV & Associates as Secretarial Auditor effective August 13, 2026.
• Appointment of Nisarg Sharma & Associates as Casual Vacancy Secretarial Auditor from August 14, 2026.
• Five-year term for Nisarg Sharma & Associates as Secretarial Auditor, subject to shareholders' approval.
• Omnibus Related Party Transactions with ABI Energy Solutions Limited up to Rs 100 crore for FY2026-27.
• Omnibus Related Party Transactions with ABI Infratech Private Limited up to Rs 25 crore for FY2026-27.

Secretarial Auditor changes

• Resignation of SJV & Associates from Secretarial Auditor role; no reason stated; effective closing hours Aug 13, 2026.
• Appoint Nisarg Sharma & Associates to fill casual vacancy from Aug 14, 2026 until the 54th AGM.
• Five-year term for Nisarg Sharma & Associates as Secretarial Auditor from Apr 2026 to Mar 2031, pending approval.
• Brief profile: Peer-reviewed practising secretaries offering corporate governance and secretarial compliance; Certificate No. 3941/2023.
• Disclosure of relationships with other directors: Not Applicable.