Chennai Ferrous Industries Ltd

Chennai Ferrous Industries Limited: Trading Window closed from October 1, 2026; shall be opened after passing of 48 hours of conclusion of the Board meeting that approves unaudited financial results for the quarter ended September 30, 2026.

AGM details

• 16th AGM held on 25 September 2026 at 2:30 PM via Video Conferencing.
• Record date for voting: 18 September 2026.
• Meeting duration: 2:30 PM to 3:13 PM.

Key resolutions and outcomes

• Ordinary: Adoption of Audited Standalone Financial Statements for year ended 31 March 2026; passed with 99.999% in favor.
• Ordinary: Re-appointment of director retiring by rotation; passed with 99.999% in favor.
• Special: Enhancement of borrowing powers under Section 180(1)(c); passed with 99.9945% in favor.

Director changes

• Re-appointment of director retiring by rotation: Mr. R. Natarajan (DIN 00595027).

AGM details

• Date September 25, 2026; time 2:30 PM to 3:13 PM; mode VC.
• Quorum present; meeting conducted via Video Conferencing.

Resolutions

• Ordinary: Adoption of Audited Standalone Financial Statement for year ended March 31, 2026.
• Ordinary: Re-appointment of director retiring by rotation.
• Special: Enhancement of borrowing powers under Section 180(1)(c).

Voting status

• EVoting results to be declared within two working days.

Dividend

• No dividend proposed or declared.

Attendance

• 33 shareholders participated in the meeting.

AGM Details

• AGM scheduled for 25 September 2026 at 2:30 PM IST via VC/OAVM.
• Notice and Annual Report sent electronically to registered emails.
• Weblink provided for accessing the Annual Report FY 2025-26.
• Shareholders with unregistered emails urged to register KYC details.
• Notice and Annual Report also available on stock exchange websites.

Financial performance

• Revenue from operations (net): ₹13,231.06 Lakhs.
• Total revenue: ₹13,344.54 Lakhs.
• EBITDA: ₹188.08 Lakhs.
• PAT: ₹338.22 Lakhs.

Ratios & liquidity

• Current ratio: 3.04x.
• Net cash from operating activities: ₹334.88 Lakhs.
• Net increase in cash: ₹258.33 Lakhs.
• Equity share capital: ₹360.45 Lakhs.

Governance & board

• Board: 4 members; 1 executive, 3 independent.
• Independent Directors: N. Ramakrishnan, M. Saravanan, J. Rathna Jayasheela.
• R. Natarajan to be reappointed at AGM.
• Borrowing powers enhanced to ₹200 Crore.

Operational developments

• Shift from sponge iron to coal trading; revenue driven by coal.
• Lease rental income from Sponge Iron Plant.
• PPE revaluation during year.
• Outlook: IEA sees rising energy demand; coal remains important.

CSR & governance disclosures

• CSR spend: ₹9.20 Lakhs; 2% of average net profit.
• CSR committee: 3 members; 2 meetings.
• Secretarial audit: no qualifications; internal controls deemed adequate.

Audit & internal controls

• Statutory auditor: Aayush Bohra & Co.; term to 2030.
• Secretarial auditor: M. K. Madhavan & Associates; term to 2030.
• Internal audit: M/s N N Kumar & Associates.
• Ind AS financials present true and fair view.

Financials

• Q1 FY27 standalone unaudited: Revenue from operations Rs 94.17 lakhs.
• Other Income Rs 24.30 lakhs; Total Income Rs 118.47 lakhs.
• Total Expenses Rs 168.44 lakhs; PBT Rs (49.96) lakhs.
• Net loss after tax Rs (49.96) lakhs.
• EPS for Q1 30 Jun 2026: Rs (1.39) basic/diluted.

Borrowing & governance

• Borrowing limits raised to Rs 200 crore, subject to members' approval.
• Internal Auditor appointed: M/s. N N Kumar & Associates for FY 2026-27.
• Results reviewed by Audit Committee and approved by Board on Aug 12, 2026.
• Increase subject to member approval via Special Resolution at 16th AGM.

Operations & other notes

• Single segment: Trading in Coal; one reportable segment per Ind AS 108.
• Results prepared under Ind AS 34; limited review by auditors completed.

Meeting Details

• Date: Wednesday, 12 August 2026.
• Time: Not disclosed.
• Location: Registered Office, Gummidipoondi, Tamil Nadu.

Key Agenda Items

• Approve Standalone Unaudited Financial Results for quarter ended June 30, 2026.

Other Notes

• Trading window to open 48 hours after conclusion of the Board meeting.

Dematerialisation processing

• Dematerialisation requests processed during the quarter; certificates accepted or rejected and reported to depositories.
• Securities dematerialised listed on the stock exchanges where the earlier issued securities are listed.
• Physical certificates for dematerialisation mutilated and cancelled; depository name substituted as registered owner within 15 days.