Ameenji Rubber Ltd

Ameenji Rubber Limited – Closure of Trading Window from October 01, 2026; Reopens 48 hours after the announcement of the half-year results for the period ended September 30, 2026.

Order details

• Awarding entity: North East Frontier Railway.
• Nature and scope: Purchase Order for manufacture and supply of CGRSP.
• Total value: Rs 3,15,88,222.
• Execution period: 3 months.
• Domestic/intl: Domestic awarding entity.
• Promoter/group interest: No.
• Related party transaction: No.

Order details

• Awarding entity: Office of the Principal Chief Materials Manager, North Western Railway, Jaipur, Rajasthan.
• Nature and scope: LOA for manufacture and supply of CGRSP.
• Total value: Rs. 24,15,37,849.
• Domestic awarding entity: Yes.
• Execution period: 24 months.
• Promoter interest: No.
• Related party transaction: No.

Financial highlights

• Revenue from operations: ₹12,324.99 lakh; up 31% YoY.
• PAT: ₹633.93 lakh; down from ₹768.39.
• PBT: ₹891.23 lakh; tax ₹257.29 lakh.
• Domestic revenue ₹12,106.28 lakh; exports ₹218.71 lakh.
• EBITDA proxy: ₹1,997.40 lakh.
• IPO proceeds raised ₹3,000 lakh; listing on BSE SME on 6 Oct 2025.
• Unutilised IPO proceeds ₹500 lakh; invested in fixed deposits.
• Dividend: no dividend declared.
• End-year cash ₹547.44 lakh; total borrowings ₹5,494.44 lakh.

Operations and revenue mix

• Single primary segment: manufacturing and sale of rubber products.
• Domestic revenue grew from ₹8,378.42 lakh to ₹12,106.28 lakh.
• Export revenue declined from ₹1,026.77 lakh to ₹218.71 lakh.

IPO and equity structure

• IPO issued 30.00 million shares; paid-up capital ₹1,128.00 lakh.
• Promoter shareholding: Mufaddal N Deesawala 46.86%; Sakina Deesawala 17.50%; Qutbuddin Family Trust 5.14%.
• Bonus shares: 59.80 lakh at 13:5 ratio.
• Authorized capital ₹12 crore; post-IPO issued capital ₹11.28 crore.

Debt and liquidity

• Short-term borrowings ₹3,021.83 lakh; long-term borrowings ₹2,472.61 lakh.
• Total debt ₹5,494.44 lakh; cash ₹547.44 lakh.
• Net cash from financing activities ₹2,943.60 lakh; investing activities ₹(2,574.92) lakh.

Governance and controls

• CFO changes: Kaushik Mehta appointed from 29 Aug 2026; Tejaswini Kandra resigned 28 Jul 2026.
• Auditors: M M Reddy & Co; no qualifications in standalone statements.
• Secretarial audit: Surya Bhargav & Associates; MR-3; no qualifications.
• Internal controls: adequate; no material weaknesses reported.

CSR and ESG

• CSR obligation ₹13.88 lakh; spent ₹13.88 lakh in FY26.
• Total CSR expenditure ₹21.77 lakh; includes ₹7.89 lakh carried from previous year.

Audits and compliance

• Independent auditors: M M Reddy & Co; no material adverse observations.
• Consolidated and standalone statements prepared under Indian GAAP; IPO-related disclosures.

Outlook and risks

• Outlook: Government rail/road investment supports infrastructure demand for rubber products.
• Risks: customer concentration, raw material price volatility, FX exposure, supply disruptions.

AGM details

• Date and time: 30 September 2026, 04:00 PM IST.
• Mode: VC/OAVM; venue deemed at registered office.
• Cut-off for remote voting: 23 September 2026.

Resolutions before shareholders

• Item 1 Ordinary: adopt standalone financial statements for year ended 31 March 2026.
• Item 2 Ordinary: adopt audited consolidated financial statements for year ended 31 March 2026.
• Item 3 Ordinary: re-appoint Zahra Mufaddal Deesawala who retires by rotation.
• Item 4 Ordinary: ratify remuneration of Lavanya and Associates LLP for 2026-27.
• Item 5 Special: approve borrowing powers up to ₹450 crore.
• Item 6 Special: approve creation of security/mortgage on assets.
• Item 7 Special: enhance investments/loans/guarantees/securities up to ₹450 crore.

Director changes

• Ms Zahra Mufaddal Deesawala to be re-appointed as Director liable to retire by rotation.
• Promoter and Non-Executive Director; remuneration ₹15 Lakh per annum.

Auditor remuneration

• Cost Auditor remuneration for 2026-27 ratified: ₹1,25,000 plus taxes.

CFO appointment

• Mr. Kaushik Mehta appointed as CFO and KMP, effective 29 August 2026.
• Terms and conditions as per appointment letter.
• Profile: B.Com; 35+ years' experience in finance, taxation, and regulatory compliance.
• Disclosure: No relationships with other directors.

Cost Auditor appointment (re-appointment)

• Lavanya and Associates LLP re-appointed as Cost Auditor for FY 2026-27.
• Term: Financial Year 2026-27.
• Reason: Re-appointment.
• Firm profile: Practicing Cost and Management Accountants with 20+ years' experience.
• Disclosure: Not applicable relationships with directors.

Order details

• Awarding entity: Office of the Principal Chief Materials Manager, Southern Railway.
• Nature of order: Purchase Order for manufacture and supply of Reinforced Grooved Rubber Pads.
• Total value: Rs. 3,67,98,300/- (Rupees Three Crore Sixty Seven Lakh Ninety-Eight Thousand Three Hundred).
• Execution period: 5 months.
• Domestic awarding entity: Yes (Southern Railway, India).
• Promoter interest: No; Related party transaction: No.

Order details

• Awarding entity: Principal Chief Materials Manager (PCMM), South East Central Railway (SECR).
• Nature of order: Purchase order for manufacture and supply of Reinforced Grooved Rubber Pads.
• Total value: Rs 2,90,56,320.
• Execution period: 4 months.
• Geography: Domestic (SECR in India).
• Promoter/group interest: No; related-party transaction: No.
• Impact: No material impact disclosed.