Beezaasan Explotech Ltd

AGM notice publication

• Public notice issued for Beezaasan Explotech Limited's 13th AGM on 17 Sep 2026 via VC/OAVM with remote e-voting.

Financial highlights

• Consolidated revenue from operations stood at ₹21,158.12 lakh.
• Consolidated PAT stood at ₹1,327.46 lakh.
• India revenue ₹20,309.15 lakh; Other countries ₹848.97 lakh.
• Net worth ₹15,287.38 lakh as of 31.03.2026.
• Detonator Plant commenced commercial production on 27 March 2026.
• IPO proceeds utilised ₹3,237.69 lakh.
• Unutilised IPO proceeds ₹1,994.45 lakh.
• BSE SME listing on 3 March 2025; trading approval on 5 June 2026.
• Asawara Earthtech Limited became associate (34.84%); ASIL and Safetycord subsidiaries.
• Dividend not declared for FY2025-26.

Geography & segments

• Single business segment: industrial explosives.
• Product portfolio includes slurry, emulsion explosives, detonating fuse, boosters.
• Geographic exposure concentrated in India.

IPO & capital allocation

• Promoter share swap executed to acquire 34.84% stake in Asawara Earthtech.
• Detonator Plant funding sourced from IPO allocations; total project ₹2,576.78 lakh.
• Unutilised IPO proceeds to fund Detonator Plant.

Corporate actions & governance

• Listed on BSE SME; trading approval granted 5 Jun 2026.
• Board met 11 times in FY2025-26.
• Secretarial audit flagged non-compliance with 1/3 independent directors.

Subsidiaries & associate

• Asawara Industries Limited became wholly owned subsidiary.
• Beezaasan Safetycord Limited became wholly owned subsidiary.
• Asawara Earthtech Limited became associate (34.84%).

Strategy & operations

• Detonator Plant commenced operations; 27 March 2026.
• Cast Booster Plant introduced; capacity expansion ongoing.

CSR & ESG

• CSR expenditure ₹9.10 lakh; 2% net profit ₹17.37 lakh.
• Unspent CSR ₹8.27 lakh; transferred to CSR account.

Outlook & risks

• Outlook FY2026-27 positive; infrastructure, mining, defence growth drivers.
• Risks: regulatory costs, raw material volatility, geopolitical and supply chains.

Audit & internal controls

• Internal controls are adequate; no material weakness.
• Consolidated audit includes multiple entities; no adverse matters reported.

AGM Details

• 13th AGM on 17 September 2026 at 03:00 PM via VC/OAVM.
• Mode: VC/OAVM from registered office in Gandhinagar, Gujarat.

Key Resolutions

• Ordinary: Adopt audited standalone and consolidated financial statements.
• Ordinary: Re-appoint Rajan Somani after retirement by rotation.
• Ordinary: Re-appoint Sunilkumar Somani after retirement by rotation.
• Special: Re-appoint Navneetkumar Somani as MD for 3 years from 22-08-2027.
• Special: Re-appoint Sunilkumar Somani as Whole-time Director for 3 years from 22-08-2027.
• Ordinary: Ratify cost auditors' remuneration for 2026-27 of Rs 1,00,000.
• Ordinary: Approve related party transactions with Rajan Enterprise up to Rs 50 crore per year for 3 years.
• Special: Variation in IPO proceeds utilization and reallocation to Detonator Plant.

Director & KM Changes

• Rajan Somani re-appointed as director, retires by rotation.
• Navneetkumar Somani re-appointed as MD/Chairman for 3 years from 22-08-2027.
• Sunilkumar Somani re-appointed as Whole-time Director for 3 years from 22-08-2027.

Auditors

• Cost Auditors: M/s Ashish Bhavsar & Associates; remuneration Rs 1 Lakh for 2026-27.

Related Party Transactions

• Rajan Enterprise: Related party; sale/purchase up to Rs 50 crore per year for 3 years.
• Related parties to abstain from voting on RPT per SEBI LODR Regulations.

IPO Proceeds & Reallocation

• Net IPO proceeds 5,232.14 Lakhs; Rs 3,237.69 Lakhs utilized by 31.03.2026.
• Unutilized Rs 1,994.45 Lakhs to be deployed for Detonator Plant; completion by Sept 2027.

Key approvals

• Approved Directors' Report for FY ended 31 March 2026.
• Approved Annual Report for FY 2025-26 with annexures.
• Approved variation in IPO proceeds utilization terms, subject to member approval at the 13th AGM.
• Approved Notice for 13th AGM on 17 September 2026 at 3:00 PM via VC/OAVM.
• Approved appointing Parikh Dave & Associates as Scrutinizer for AGM e-voting.

RTA reporting

• RTA confirms details of dematerialised/rematerialised securities were furnished to all stock exchanges where listed.

Capital Raising

• Board approved allotment of 22,30,641 equity shares on preferential basis at Rs. 236 per share.
• Shares issued as consideration for acquiring 34.84% stake in Asawara Earthtech Limited via share swap.
• Paid-up equity capital increased from Rs. 129.21 crore to Rs. 151.52 crore post allotment.
• Total consideration for shares issued amounts to Rs. 52.64 crore.
• New shares rank pari passu with existing equity shares.
• Allottees belong to Promoter and Promoter Group, including individuals and HUFs.