ASI Industries Ltd

AGM Details

• 80th AGM held on 22 September 2026 at 11:30 AM via VC/OAVM at registered office.
• Record date 16 September 2026; on-record shareholders 11,645.
• Attendees via VC: promoter group 6, public 35.
• Voting results and Scrutinizer report hosted on company and evoting portals.

Key resolutions and outcomes

• R1 passed: 65,961,596 in favour, 14 against.
• R2 passed: 65,961,602 in favour, 8 against.
• R3 passed: 65,961,590 in favour, 20 against.
• R4 passed: 65,961,590 in favour, 20 against.

AGM details and proceedings

• AGM held on 22 September 2026 at 11:30 AM via VC/OAVM.
• Meeting chaired by Executive Director due to chair's travel.
• Ordinary Business: adoption of audited financial statements for year ended 31 March 2026.
• Ordinary Business: declaration of dividend on equity shares for year ended 31 March 2026.
• Ordinary Business: re-appointment of Mr. Tushya Jatia as Director who retires by rotation.
• Special Business: ratify remuneration of Cost Auditors for FY 2026-27.
• Voting results will be announced on the company's website and BSE.
• Meeting concluded at 11:45 AM.
• Dividend amount not disclosed in the filing.

ASI Industries Limited: Trading window closed from 1 October 2026 for Designated Persons; will remain closed till 48 hours after the announcement by the Company of its unaudited financial results for the quarter and half year ended 30.09.2026.

AGM Details

• 80th AGM on 22 September 2026 at 11:30 a.m. IST via VC/OAVM.

Record Dates & Closing

• Voting entitlement cut-off: 16 September 2026.
• Dividend record date: 16 September 2026.
• Register of Members closing: 17–22 September 2026.

Ordinary Business

• Adopt audited financial statements for year ended 31 March 2026.
• Declare dividend of Rs 0.40 per equity share (40%).
• Re-appoint director retiring by rotation: Tushya Jatia (DIN 02228722).

Special Business

• Ratify remuneration of Cost Auditors for FY 2026-27 (Rs 40,000).

Director Details

• Remuneration drawn 2025-26: Rs 266.08 Lakhs (Tushya Jatia).

Voting Status

• Voting results not provided in the notice.

Financial performance

• Total revenue ₹16,894.76 Lakhs; down 2.96% YoY.
• Profit after tax ₹2,269.48 Lakhs; down 10.82% YoY.
• EBITDA-like figure ₹3,746.61 Lakhs; depreciation ₹426.79 Lakhs.
• Earnings per share ₹2.52; basic and diluted.
• Net cash from operating activities ₹1,572.76 Lakhs.

Geography and operations

• Geography: India ₹14,941.23 Lakhs; outside India ₹0.21; total ₹14,941.44.
• Mining and processing of natural stones; no segment reporting.
• Primary product: natural stones; no major new lines reported.

Dividends and capital returns

• Dividend: ₹0.40 per equity share proposed for FY2025-26.
• Final dividend paid: ₹360.30 Lakhs; prior year ₹315.26.
• Authorized share capital ₹2,624.00 Lakhs; paid-up capital ₹900.75 Lakhs; unchanged.

Governance & board changes

• Board six directors; three independent; Managing Director chairs.
• Gaurang Gandhi resigned as independent director on 28 Jan 2026.
• Rajaram Agarwal appointed Independent from 7 Jan 2026; approved 5 Mar 2026.
• Independent directors confirmed independence; IICA registrations completed.

Audit, controls and risk

• Statutory auditors BL Ajmera & Co; no qualifications.
• Secretarial auditors GMJ & Associates; no qualifications.
• Internal audit by L.B. Jha & Co; Audit Committee oversight.
• No fraud reported during the year.

CSR and ESG disclosures

• CSR expenditure ₹38.32 Lakhs; unspent ₹25.06 Lakhs earmarked for ongoing projects.
• CSR obligation ₹63.38 Lakhs; spent ₹38.32 Lakhs; 2% average net profit target.
• Projects include education, safe drinking water, healthcare, rural development.

Shareholders and liquidity

• Promoters hold 73.07% equity; Deepak Jatia 34.98%; Stone Masters 27.26%.
• Dematerialised holdings: 88.61% NSDL, 9.10% CDSL.
• Cash and cash equivalents ₹90.59 Lakhs; total borrowings ₹4,135.75 Lakhs.

Risks and outlook

• Risks include regulatory, labour, and environmental factors; ongoing risk management.
• Interest rate risk: 1% rate shift affects PBT by ₹27.00 Lakhs.
• Outlook supported by domestic growth, infrastructure spend; currency volatility a factor.

Book closure for AGM

• Book closure from 17 September 2026 to 22 September 2026 inclusive for AGM.
• Event: Annual General Meeting scheduled for 22 September 2026.
• Security type: equity shares.