Bengal Steel Industries Ltd

Dematerialisation processing and owner substitution

• Dematerialisation requests received during the quarter were processed; securities listed on exchanges.
• Certificates mutilated and cancelled after verification; depository name substituted as registered owner within prescribed timelines.

Bengal Steel Industries Ltd trading window closure

AGM Details

• Date of AGM: 31 August 2026.
• Mode of voting: E-Voting and Poll; video conferencing not applicable.
• Total shareholders on record date: 684.

Resolutions and outcomes

• Resolution 1: Adoption of standalone and consolidated financial statements; passed as ordinary.
• Votes in favour: 72.95% of polled shares.
• Resolution 2: Re-appointment of director by rotation; passed as ordinary.

Director changes

• Director by rotation approved.

AGM details

• Date and time: 31 August 2026 at 10:00 a.m., physical meeting at Registered Office, Kolkata.
• Mode: physical; remote e-voting available from 28 Aug to 30 Aug 2026.
• Voting cut-off date for eligibility: 24 August 2026.

Key resolutions

• Ordinary Resolution: Adoption of standalone and consolidated financial statements for year ended 31 Mar 2026.
• Ordinary Resolution: Re-appointment of Director, who retires by rotation, eligible for re-appointment.

Voting results

• Resolution 1 passed; 35,74,748 in favour, 0 against (100% of valid votes).
• Resolution 2 passed; 35,74,748 in favour, 0 against (100% of valid votes).

Director changes

• Re-appointment of Mrs. Ritu Agarwal as Director, retiring by rotation.

AGM Details

• AGM held on Monday, 31 August 2026 at 10:00 AM at the registered office.
• Mode: physical meeting with e-voting facility available via NSDL.
• E-voting window: 28 Aug 2026 9:00 AM to 30 Aug 2026 5:00 PM.

Key Resolutions

• Ordinary Resolution 1: Adoption of standalone and consolidated financial statements.
• Outcome: not disclosed in excerpt.
• Ordinary Resolution 2: Re-appointment of Mrs. Ritu Agarwal as Director, retires by rotation.

Key dates and actions

• Book closure period: 25 August 2026 to 31 August 2026, both days inclusive, for AGM.
• AGM date: 31 August 2026.
• Security: equity shares of Bengal Steel Industries Ltd.
• Dividend: board has not recommended any dividend for FY 2025-26.

Financial snapshot

• Standalone total income Rs 70.79 L; net PAT Rs 34.28 L; EPS Rs 0.70.
• Consolidated totals: total income Rs 70.79 L; PAT Rs 34.03 L; EPS Rs 0.69.
• YoY revenue rose from Rs 61.54 L to Rs 70.79 L.
• YoY PAT rose from Rs 17.91 L to Rs 34.28 L.
• Dividend not recommended; profits retained for growth.
• Year-end cash: Standalone Rs 143.23 L; Consolidated Rs 143.51 L.
• No borrowings; stand-alone net debt Rs (143.23) L (negative).
• Standalone total assets Rs 1,097.18 L; standalone equity Rs 1,040.23 L.
• Promoter group holding at 74.99% of equity.
• Subsidiary Tamil Nadu Alkaline Batteries Limited included in Form AOC-1.
• Depreciation on land/building charged on reducing balance; noting impairment accounting through Note 27.

Operations & strategy

• Core business: steel manufacturing, fabrication, real estate, and allied services.
• Board exploring diversification for long-term growth.
• Operations were stable during the year; ongoing efficiency initiatives.
• Risks include general macroeconomic and regulatory changes.
• Management focus on improving operations and governance for sustained growth.

Governance & leadership

• 79th AGM scheduled for 31 August 2026 in Kolkata.
• Mrs. Ritu Agarwal to be reappointed; S.K. Roychowdhury reappointment via postal ballot.
• Audit Committee and Nomination & Remuneration Committee in place; chairs noted.
• Independent Directors declare independence; certificate obtained.
• Statutory auditors: S. Ghose & Co. LLP for five-year term to 2027.
• Secretarial Audit: Annexure A attached; ongoing compliance framework.
• Annual Return available on company website.

Capital structure & shareholding

• Equity share capital: 49,00,000 shares of Rs 10; paid-up Rs 490 L.
• Promoter holdings: Hindusthan Udyog Ltd 38.01%; HSM Investments Ltd 22.53%; Asutosh Enterprises 10%.
• Other promoters: Prakash Agarwal 2.42%; Revox Enterprises 2.04%.
• Post amalgamation in 2025, promoter group total 74.99%.
• No dividend declared; profits retained.
• Subsidiary: Tamil Nadu Alkaline Batteries Limited noted in Form AOC-1.
• Consolidated equity Rs 1,038.83 L; Non-controlling interest Rs 3.95 L.
• Group debt-free; net cash Rs 143.51 L (consolidated).
• Rights attached to equity: one vote per share.

Audit, controls & risk

• Depreciation on composite cost of land and building charged on reducing balance (emphasis noted).
• Internal financial controls are adequate and operating effectively.
• Vigil mechanism for directors and employees in place.
• Accounts prepared on going concern basis; no material uncertainty noted.
• Income tax demand disclosed as contingent liability; no material fraud reported.

Related party disclosures

• Related-party transactions are arm's length and disclosed in notes.
• Rent receipts from WPIL Limited: Rs 60.00 L.
• Directors' meeting fees: Rs 0.30 L; Company Secretary remuneration: Rs 10.74 L.
• No loans or advances to related parties; disclosures in notes.

Subsidiaries & consolidation

• Subsidiary: Tamil Nadu Alkaline Batteries Limited included in Form AOC-1.
• Consolidated revenue Rs 60.00 L; PAT Rs 34.03 L; EPS Rs 0.69.
• Consolidated equity Rs 1,038.83 L; Non-controlling interest Rs 3.95 L.
• Consolidated assets Rs 1,123.59 L; Goodwill Rs 280.54 L.
• Non-current investments Rs 59.49 L; Group total assets Rs 1,123.59 L.

AGM Details

• Date and time: 31 August 2026 at 10:00 AM.
• Mode: physical meeting at the registered office.
• Record date for voting: 24 August 2026.
• Register of Members and Share Transfer Books closed: 25–31 August 2026.
• Proxies must be received at the registered office 48 hours before the AGM.

Ordinary Business

• Adopt standalone and consolidated audited financial statements for the year ended 31 March 2026.
• Re-appoint Mrs. Ritu Agarwal, retiring by rotation.

Director Up for Re-Appointment

• Director up for re-appointment: Mrs. Ritu Agarwal.
• Tenure: since 2015; no shares held.

Voting Details

• Remote e-voting window: 28 Aug 2026 9:00 AM to 30 Aug 2026 5:00 PM.
• Cut-off date for voting rights: 24 August 2026.
• Ballot voting will be available at the AGM.