AIK Pipes and Polymers Ltd

AGM details

• Date, time, mode: 30 September 2026, 01:00 PM IST, via VC/OAVM.
• Meeting concluded at 01:34 PM IST.
• Remote e-voting ran 25–29 September 2026.

Key resolutions

• Resolution 1 (Ordinary): Adoption of Audited Financial Statements and reports.
• Resolution 2 (Ordinary): Re-appointment of Mohammad Hanif Khan by rotation.
• Resolution 3 (Ordinary): Approval of material related party transactions with AIK Pipes and Pumps.
• Resolution 4 (Ordinary): Approval of material related party transactions with Pinky Enterprises.

Voting status

• Resolution 1: Results awaited; will be announced within 48 hours.
• Resolution 2: Results awaited; will be announced within 48 hours.
• Resolution 3: Results awaited; will be announced within 48 hours.
• Resolution 4: Results awaited; will be announced within 48 hours.

Director changes

• Director Mohammad Hanif Khan to be re-appointed by rotation.

Auditor information

• No auditor appointment or change announced.

Material related party transactions

• RPT with AIK Pipes and Pumps approved; value undisclosed.
• RPT with Pinky Enterprises approved; value undisclosed.

AIK Pipes and Polymers Ltd — Trading window closes from 1 October 2026 until 48 hours after the declaration of the Un-Audited Financial Results for the half year ended 30 September 2026

Corrigendum details

• Related party name corrected from 'M/s AIK Pipes' to 'M/s AIK Pipes and Pumps' in AGM notice.
• Also corrected in the Annual Report where related party name appears.
• No other disclosures in the AGM notice or Annual Report are affected.
• AGM remains scheduled for 30 September 2026 at 01:00 PM IST via video conference.
• Corrigendum dated 15 September 2026 attached; available on company site and NSDL/BSE portals.
• Notice shall be read collectively with the corrigendum from the date of issue.
• Company Secretary & Compliance Officer: Harsha Shivnani (M. No. A71172).
• Corrigendum is an integral part of the AGM Notice.

Financial highlights

• Revenue from operations: ₹945.08 lakh in FY2025-26.
• Total income: ₹985.38 lakh.
• Net profit after tax: ₹8.71 lakh.
• Basic EPS: ₹0.14; Diluted EPS: ₹0.14.
• Debt-Equity ratio: 33.68%.
• Current ratio: 2.05x.
• Total borrowings: ₹772.07 lakh.
• Cash and cash equivalents: ₹26.19 lakh.
• Inventories: ₹967.59 lakh; Trade receivables: ₹1349.47 lakh.
• ROCE: 3.15%; ROI: 0.38%.
• Net profit margin: 0.92%.

Dividend & capital allocation

• Dividend: Board did not recommend any dividend for FY2025-26.
• IPO proceeds net: ₹1502.32 lakh; fully utilized.
• Utilization: Capex ₹103.02 lakh; Working capital ₹900 lakh; General corporate ₹299.30 lakh.

Business developments and strategy

• Launched BANAS agrI-irrigation range including drip systems.
• BANAS strengthens presence in agriculture segment.
• Focus on EPC/government projects and geographic expansion.
• R&D and ISO/BIS certifications support growth.

Capital structure & liquidity

• Authorized capital ₹7.0 crore; issued paid-up ₹6.363 crore.
• Long-term borrowings ₹47.68 lakh; short-term borrowings ₹724.39 lakh.
• Total debt ₹772.07 lakh; debt-equity 33.68%.
• Cash at year-end ₹26.19 lakh.

Governance & audits

• Statutory auditor: M/s RP Khandelwal & Associates.
• Secretarial auditor: M/s H KHANDELWAL & Associates.
• Internal auditor: M/s SASH & Associates.
• Change in KMP: Harsha Shivnani appointed CS & Compliance Officer in Apr 2026.

Related party transactions

• Material related party transactions with AIK Pipes and Pumps and Pinky Enterprises.
• Aggregate limit ₹5.00 crore; arm's-length, ordinary course.
• Audit Committee approvals obtained; shareholders to approve.
• No related party votes on these resolutions.

Risks & controls

• Key risks: market volatility, competition, regulatory changes, rising costs.
• Auditors note audit trail not enabled; no impact on going concern.
• Internal controls robust; no material weaknesses reported.

Price movement clarification

• Company states price movement is market-driven and not connected to management actions.
• Affirms full compliance with disclosure requirements, including Regulation 30, and no material undisclosed information.
• Notes commitment to disclose material information within SEBI timelines.

Dematerialisation status

• No physical certificates received for dematerialisation from the depository participant.

Meeting Details

• Board meeting scheduled for 30 May 2026 at 2:30 P.M.
• Meeting to be held at the company's registered office.

Key Agenda Items

• Approve audited financial results for half year and year ended 31 March 2026.
• Consider statement of assets and liabilities as on 31 March 2026.
• Consider cash flow statement for the year ended 31 March 2026.
• Take on record the auditor's report on the audited results.

Other Notes

• Trading window closed from 1 April 2026 until 48 hours after results declaration.