Choksi Asia Ltd

AGM Details

• Date and time: 29 September 2026 at 11:00 a.m.; mode: video conferencing.

Ordinary Business

• Adopted Audited Standalone Financial Statements for the year ended 31 March 2026 and related reports.
• Re-appointment of Samir Choksi on rotation; eligible for re-appointment.
• Re-appointment of Jay Choksi on rotation; eligible for re-appointment.

Special Business

• Approval of Related Party Transactions with Samir Choksi.
• Approval of Related Party Transactions with Jay Choksi.

Voting Results

• Voting outcomes not disclosed in the filing.

Other Details

• E-voting facility available for 15 minutes after meeting.

Choksi Asia Ltd: Trading Window closed from October 1, 2026 till 48 hours after the declaration of Unaudited Financial Results for the quarter ending September 30, 2026

Financials FY2025-26

• Revenue from operations: Rs 4,931.03 Lakhs.
• Total revenue: Rs 5,071.26 Lakhs.
• NPBT: Rs 750.16 Lakhs; NPAT: Rs 533.40 Lakhs; EPS: Rs 9.36.
• Net worth: Rs 4,210.45 Lakhs; reserves: Rs 3,101.67 Lakhs.
• Dividend declared: none for FY2025-26.
• PAT grew YoY from Rs 309.90 Lakhs to Rs 533.40 Lakhs.

Operations & segment

• Single segment: NDT imaging, radiography, shielding.
• Amalgamation completed; main object shifted to NDT.
• FY26 turnover Rs 4,931.03 Lakhs, up from Rs 3,698.16.

Capital & liquidity

• Equity capital: Rs 570.11 Lakhs; NCRPS: Rs 538.67 Lakhs.
• Total equity: Rs 4,210.45 Lakhs; reserves Rs 3,101.67 Lakhs.
• Borrowings: long-term Rs 22.34 Lakhs; short-term Rs 169.72 Lakhs.
• Total borrowings: Rs 192.06 Lakhs.
• Cash & cash equivalents: Rs 654.40 Lakhs.
• Dividend: no dividend declared.

Governance & board

• Yamini Choksi reclassified from promoter to public in 2025; BSE approval July 2025.
• Brijal Desai ceased as Independent Director on Jan 5, 2026.
• Tushar Parikh appointed Aug 12, 2025 as Non-Executive Non-Independent.
• Board comprises MD, CFO, two independent directors, and one non-independent director.

Related party transactions

• RPTs with Samir Choksi and Jay Choksi approved; aggregate cap up to Rs 15 Crores per party.
• Period from 34th AGM to 35th AGM; arm's length and in ordinary course.
• Audit Committee and Board approvals obtained; disclosures in AOC-2 notes.

Audits & controls

• Statutory auditors: Karia & Shah; Secretarial: Nikita Pedhdiya; Internal: R.S. Bindra & Co.
• Secretarial: CHG-1 filing lapse noted; Rs 5,900 fine paid; stamp duty Rs 12.62 Lakhs; penalty disputed.
• Contingent liability: SAD demand Rs 15.74 Crores; appeal filed.
• Internal controls considered adequate; no material weaknesses.

Outlook & risks

• Post-amalgamation integration focusing on execution and scale.
• Growth driven by India's infra expansion; potential international opportunities.
• Risks: skilled manpower, FX movements, regulatory shifts, competition, project timing.

CSR & disclosures

• CSR provisions not applicable for FY2025-26; CSR committee not mandatory.

Financials

• Revenue from operations: 922.10; total income: 950.88 for quarter ended 30-06-2026.
• Profit before tax: 154.08; net profit after tax: 96.17; EPS: 1.69.
• Total expenses: 796.80; major items: material 222.71, purchases 196.21, inventories 311.18.
• Tax: current 41.66; MAT credit 16.13; deferred 0.12; total tax 57.91.
• YoY revenue: down ~22.5% to 922.10 vs 1,189.75.
• YoY total income: down ~21.9% to 950.88 vs 1,218.79.
• YoY EPS: 1.69 vs 1.88.
• Labour Codes impact reflected in standalone results.
• Single reportable segment: Non-Destructive Testing.
• Board-approved; results reviewed by Audit Committee; limited review by statutory auditors.

Meeting details

• Board meeting scheduled for August 11, 2026; time and venue not disclosed.

Key agenda items

• Consider and approve unaudited financial results for the quarter ended June 30, 2026.

Other notes

BSE price movement clarification

• No reportable event or information requiring disclosure as of the date.
• Significant price movement is attributed to market conditions and is market-driven.
• The company will disclose to the stock exchange when any event warrants disclosure.
• Committed to timely disclosures per regulatory requirements.

Dematerialisation confirmation and owner update

• Dematerialisation requests confirmed to depositories as accepted or rejected.
• Securities dematerialised listed on the same stock exchanges as existing holdings.
• Physical certificates for dematerialisation mutilated and cancelled after verification; owner updated within 15 days.