Creative Castings Ltd

Director re-appointment

• Change type: Re-appointment of Non-Executive Director.
• Name and designation: Mr. Jignesh Shashikant Thanki, Non-Executive Director.
• Effective date and term: Sept 26, 2026; liable to retire by rotation.
• Reason for change: Re-appointment upon retirement by rotation, approved by Members.
• Brief profile: BE (Mechanical); ~31 years in engineering and technology.
• Disclosure of relationships: Not related to any other Director.
• Impact on board/committee: No stated changes to board/committee composition.

AGM Details

• AGM held Sept 26, 2026 at 11:00 AM in physical mode.
• Record date for voting: Sept 19, 2026.
• Venue: 102, GIDC Phase II, Rajkot Road, Dolatpara, Junagadh.
• Shareholders present: 19; Promoters 11; Public 8.

Resolutions and outcomes

• Item 1: Ordinary resolution to adopt Audited Financial Statements; passed with 99.9967% in favour.
• Item 2: Ordinary dividend resolution; passed with 99.9967% in favour.
• Item 3: Director appointment; passed with 99.9965% in favour.
• Item 4: MD remuneration; passed with 99.9850% in favour; 64 against.
• Item 5: WTD remuneration; passed with 99.9850% in favour; 64 against.
• Item 6: Ordinary RPT with Specmac; passed with 97.5000% in favour; 2.5000% against.

Dividend

• Final dividend of Rs 12.50 per equity share declared.

Director changes

• Appointed director in place of Jignesh Thanki; retires by rotation; reappointed.

Material related party transactions

• Approved material RPT with Specmac Techno Private Limited for job-work services.
• Abstentions by related parties totaling 4,25,979 shares not counted.

AGM details

• Date/time: 26 Sep 2026, 11:00 AM; venue: Junagadh, Gujarat; mode: physical AGM with remote voting.
• Voting cut-off date: 19 Sep 2026; remote e-voting: 22–25 Sep 2026.

Key resolutions and outcomes

• Ordinary Resolution 1: Adopt Audited Financial Statements for year ended Mar 31, 2026; passed.
• Ordinary Resolution 2: Final dividend Rs 12.50 per share; passed.
• Ordinary Resolution 3: Re-appointment of director by rotation; passed.
• Special Resolution 4: MD remuneration for balance tenure; passed.
• Special Resolution 5: WTD remuneration for balance tenure; passed.
• Ordinary Resolution 6: Approve related-party transaction with Specmac Techno Pvt Ltd; passed; related-party abstentions.

Governance and other approvals

• Director changes: Re-appointment of Mr. Jignesh Thanki by rotation.
• Auditor appointments: No changes reported.

AGM details

• AGM held physically at the registered office; duration about one hour.

Ordinary business

• Adopt Audited Financial Statements and reports for the year.
• Declare final dividend per share.
• Re-appoint director retiring by rotation.

Remuneration approvals

• Remuneration for Managing Director for balance tenure.
• Remuneration for Whole-time Director for balance tenure.

Related party transaction

• Approve material related party transactions with Specmac Techno Private Limited up to specified cap.

Voting status

• Voting results for items 1–5 pending; results to be declared later.
• Related parties abstained from voting on the RPT item.

Dividend details

• Final dividend resolution placed; per-share amount not disclosed here.

Directors in attendance

• Director retiring by rotation offered for re-appointment.

Auditors

• Statutory auditor exemption from AGM attendance granted; no appointment changes.
• Secretarial auditor and internal auditor attended the meeting.

Other disclosures

• No other material approvals disclosed.

Creative Castings Limited trading window to remain closed from October 1, 2026 till 48 hours after the declaration of unaudited financial results for the 2nd quarter ended on September 30, 2026.

Financial snapshot

• Revenue from operations and other income: ₹4,985.28 lakh for FY2025-26.
• PBIDT: ₹693.84 lakh.
• PBT: ₹628.51 lakh; PAT: ₹437.05 lakh.
• EPS (basic): ₹33.62.
• YoY revenue growth: 11.69%.
• Net profit margin: 9.05%; ROE: 9.98%.
• Final dividend: ₹12.50 per share.
• Wind energy income: ₹119.56 lakh.

Business mix and operations

• Single segment: investment castings; wind energy contributed ₹119.56 lakh.
• Export revenue: ₹2,620.28 lakh; domestic: ₹2,080.97 lakh.
• Total castings types: 5,699; capacity up to 840 MTPA.
• Wind power income accounted separately under wind turbine generation.

Balance sheet and liquidity

• Total assets ₹5,463.73 lakh; total equity ₹4,557.07 lakh.
• Net debt to equity: −0.03; cash-heavy balance sheet.
• Current ratio: 5.86; cash and cash equivalents ₹150.64 lakh.
• Net cash from operating activities: ₹864.04 lakh.
• Capital expenditure on PPE: ₹126.61 lakh.

Dividend and capital allocation

• Final dividend ₹12.50 per equity share; outflow ₹162.50 lakh.
• Record date: 19-Sep-2026; payout by 25-Oct-2026.
• No equity capital changes; 100% dematerialised holding.

Remuneration and governance

• Remuneration for MD and WTD approved; annual ceiling ₹40.0 lakh for FY2027-28 and FY2028-29.
• Related party transaction with Specmac: enhanced ceiling ₹9.65 crore for FY2026-27.
• Pricing to be on arm's length; Audit Committee oversight; Board approve as required.
• Statutory auditor JC Ranpura & Co.; Secretarial auditor M. Buha & Co.; IEPF-2 delay noted.

Related party transactions

• Enhanced annual limit with Specmac: ₹9.65 crore for FY2026-27; ~19.99% of FY2025-26 turnover.
• Transactions to be on commercial terms; reviewed by Audit Committee; subject to regulatory approvals.

Audits, controls and risk

• Statutory auditor: J. C. Ranpura & Co. reappointed for five years.
• Internal controls: adequate and operating; internal audit by Subhash Akbari & Co.
• Secretarial audit: MR-3; delay in Form IEPF-2 noted with Board response.

Outlook and risks

• Management expects 8–10% revenue/profit growth in FY2027-28 and FY2028-29.
• Risks: volatility in raw materials, energy costs, FX, and global demand shifts.

CSR and governance disclosures

• CSR expenditure ₹12.20 lakh; EMSR Foundation as related party; policy available on site.
• CSR impact aligned with 2% of average net profit; no new CSR committee during year.

AGM Details

• AGM scheduled for Saturday, September 26, 2026, at 11:00 IST, in physical mode at registered office.
• Notice encloses agenda and proposed resolutions.

Dematerialisation processing and listing

• Securities received for dematerialisation in quarter ended 30 June 2026 were confirmed to depositories as accepted or rejected.
• Securities in those certificates have been listed on the stock exchanges where the earlier issued securities are listed.
• Security certificates received for dematerialisation were mutilated and cancelled after due verification by the depository participant.
• Depository's name substituted in the register of members as registered owner within prescribed timelines.