Crimson Metal Engineering Company Ltd

Crimson Metal Engineering Company Limited — Trading window closed from Oct 1, 2026 until 48 hours after the date of declaration of the Unaudited Financial Results for the Quarter ending on September 30, 2026.

AGM details

• Date, time, mode: 25 September 2026, 11:30 AM, VC/OAVM; commenced 11:35 AM.
• Voting cut-off: 18 September 2026.
• Remote e-voting: 22–24 September 2026, 9:00 AM–5:00 PM.

Resolutions

• Item 1: Adoption of Audited Financial Statements for year ended March 31, 2026.
• Item 2: Re-appointment of Uma Rajaram as director, retiring by rotation.
• Item 3: Re-appointment of OP Bagla & Co. LLP as statutory auditor for second five-year term.
• Item 4: Appointment of Mr. Sanjay Kumar Sharma as Whole-time Director.

Voting results

• Item 1 passed; 100% in favour.
• Item 2 passed; 100% in favour.
• Item 3 passed; 100% in favour.
• Item 4 passed; 100% in favour.
• Total votes polled: 2,096,523; turnout: 47.34%.

Dividends and appointments

• Dividend: Not proposed or declared in this AGM.
• Uma Rajaram re-appointed as director (retiring by rotation).
• Sanjay Kumar Sharma appointed as Whole-time Director.
• OP Bagla & Co. LLP re-appointed as statutory auditor for five-year term.

Appointment of Whole-Time Director

• Appointment of Mr. Sanjay Kumar Sharma as Whole Time Director, effective July 24, 2026.
• Term of five years, July 24, 2026 to July 23, 2031.
• Approved by Board, Nomination & Remuneration Committee, Audit Committee, and AGM.
• Profile: B.Com; 27 years' experience in operations, finance, and compliance.
• Related parties: not related to other directors.
• Not debarred from holding WTD office by SEBI or any authority.
• Impact: new WTD appointment; no other changes disclosed.

Re-appointment of Statutory Auditor

• Re-appointment of M/s OP Bagla & Co. LLP as Statutory Auditor.
• Term: five years from AGM 42nd conclusion to AGM 46th conclusion (2031).
• Reason: Re-appointment approved by the company.
• Profile: Firm has 55+ years in statutory audits and related services.
• Relationships: Not applicable with other directors.
• Impact: Auditor retained; no governance restructuring disclosed.

AGM Details

• Date, time, mode: 25 Sep 2026, 11:30–11:44 AM, via Video Conferencing/OAVM.
• Remote e-voting window: Sep 22–24, 2026.

Key Resolutions

• Adoption of Audited Financial Statements for year ended 31 March 2026.
• Re-appointment of Uma Rajaram as Director, retiring by rotation.
• Re-appointment of OP Bagla & Co. LLP as statutory auditor for five years.
• Appointment of Sanjay Kumar Sharma as Whole Time Director for five years.

Voting Results

• Sanjay Kumar Sharma WTD appointment approved by members at AGM.
• Other resolutions' outcomes not disclosed in filing.

Director Changes

• Mr. Sanjay Kumar Sharma appointed Whole Time Director for five years.

Auditor Appointments

• OP Bagla & Co. LLP reappointed as statutory auditor for five years.

AGM & AR Access

• 42nd AGM scheduled for Sep 25, 2025 at 11:30 AM via VC/OAVM.
• Annual Report 2025-26, AGM Notice, and Explanatory Statement available via a web-link.
• Web-link paths will be sent to members without registered email; cut-off date 28.08.2026.

KYC & Physical Shareholder Updates

• Physical-form shareholders must furnish PAN, KYC, and bank details with RTA Skyline Financial Services.
• SEBI circular mandates PAN, address, and bank data; electronic payments for such folios.
• RTA for updation: Skyline Financial Services Private Limited.

Financial performance

• Revenue from operations: ₹792.13 Lakhs, down from ₹956.66.
• Total income: ₹809.74 Lakhs, lower YoY.
• Net profit after tax: ₹13.76 Lakhs, up from ₹13.48.
• EPS (Basic): ₹0.31; prior year ₹0.30.
• Segment revenue: Leasing ₹633.00 Lakhs; Trading ₹159.13 Lakhs.
• Segment profit before tax: Leasing ₹240.74 Lakhs; Trading nil.
• Finance costs ₹222.26 Lakhs; Depreciation ₹221.06 Lakhs.
• Dividend not declared for FY2025-26.

Capital structure & liquidity

• Authorized capital ₹985.00 Lakhs; Paid-up capital ₹442.82 Lakhs.
• Total borrowings ₹2,506.04 Lakhs; Long-term ₹1,008.02; Short-term ₹1,498.02.
• Net debt ₹2,973.84 Lakhs; Gearing 518.6%.
• Current ratio about 0.43.

Dividends & shareholder value

• Dividend not declared this year; no dividend in last 7 years.
• No funds transferred to Investor Education and Protection Fund (IEPF) for unclaimed dividends.

Governance & management changes

• Mr. Sanjay Kumar Sharma appointed Whole-time Director for five years; monthly salary ₹95,871; special allowances ₹7,771.
• CFO transition: Chandrakesh Pal resigned 28 May 2026; Sanjay Kumar Sharma appointed CFO from 24 Jul 2026.
• OP Bagla & Co LLP re-appointed as statutory auditors for five years.
• APAC & Associates LLP appointed Secretarial Auditors.
• Board committees and governance practices disclosed in AGM notice.

Related party transactions

• Lease rent from Ganges Internationale Pvt Ltd: ₹633.00 Lakhs.
• Purchase from Ganges Internationale Pvt Ltd: ₹158.24 Lakhs.
• Key Managerial Personnel remuneration: ₹15.93 Lakhs; rem. payable: ₹60.34 Lakhs.
• Trade receivable from related party: ₹541.07 Lakhs.
• Security deposits with related party: ₹125.00 Lakhs.

Outlook & risks

• Business temporarily not in core line; revival framed over ~24 months.
• Risks include raw material price fluctuations and competitive pressures.
• ERM framework in place; management monitoring risk across segments.

Audit, controls & compliance

• Internal financial controls considered adequate; monthly statutory compliance.
• Secretarial audit (MR-3) confirms compliance with applicable laws.
• No frauds reported; independent certification and board oversight present.

Operating segments & governance

• Two reportable segments: Trading of goods and Leasing.
• CODM identified as Management Committee for resource allocation and performance review.

Regulatory & disclosures

• No significant litigation or regulator orders affecting going concern.
• Management and board certifications on code of conduct and internal controls.