Eastcoast Steel Ltd

AGM Details

• Date and mode: 28-09-2026, 3:00 PM, via video conferencing facility/AV means.
• End time: 3:28 PM.
• Record date: 21-09-2026.
• Last day of receipt of postal ballot forms: 28-09-2026.

Key Resolutions

• Ordinary Resolution 1: Adoption of Financial Statements, Directors’ and Auditors’ Report for FY 2025-26.
• Ordinary Resolution 2: Re-appointment of Shri Prithviraj S. Parikh (DIN: 00106727) who retires by rotation.

Voting Results

• Resolution 1 passed; 4,019,185 in favour, 50 against.
• Resolution 2 passed; 4,018,885 in favour, 350 against.

Dividend

• No dividend proposed or approved.

Director Changes

• Re-appointment of Shri Prithviraj S. Parikh as director.

Auditors

• No auditor appointments or changes disclosed.

Material Related Party Transactions

• No material related party transactions approved.

Other Approvals

• No other material approvals disclosed.

AGM details

• 43rd AGM held Sep 28, 2026 at 03:00 p.m. IST via VC/OAVM.

Resolutions

• Ordinary: Adoption of financial statements, Directors' and Auditors' Report for FY 2025-26.
• Ordinary: Re-appointment of Prithviraj S. Parikh on rotation.

Voting status

• Results to be declared within two working days from AGM conclusion.

Other AGM details

• Remote e-voting was available; Sep 25–27, 2026 window; meeting via VC/OAVM.

Record date for AGM e-voting entitlement

• Record date: 21 September 2026.
• Purpose: determine entitlement for e-voting on AGM items.
• E-voting facility via NSDL platform evoting.nsdl.com.
• AGM scheduled 28 September 2026.

Financial highlights

• Revenue from operations: 1681.87 Lakhs in FY2025-26; up from 1551.62.
• Total income: 1855.89 Lakhs in FY2025-26.
• PBDT: 73.17 Lakhs; up from (43.16).
• PAT: 57.67 Lakhs; vs (15.32).
• OCI: (5.71) Lakhs; Total OCI results in 51.96 Lakhs.
• EPS: ₹1.07; basic and diluted.
• Dividend: not declared for FY2025-26.
• Net cash from operating activities: (1464.09) Lakhs.
• Investing cash inflow: 639.04 Lakhs; Financing inflow: 210.90 Lakhs.
• Year-end cash: 111.89 Lakhs.

Business model & operations

• Trading in iron & steel internationally; manufacturing ceased since 1995.
• Resumed trading; no subsidiaries or associates.
• Export revenue: 1659.03 Lakhs; duty drawback refund 22.84; total exports 1681.87.
• Equity capital: 53.96 lakh shares; paid-up ₹539.65 Lakhs.
• Listed on BSE; infrequently traded; listing fees paid.

Balance sheet & liquidity

• Borrowings: current 466.64 Lakhs; prior year 255.41 Lakhs.
• Trade receivables: 1594.28 Lakhs.
• Cash and cash equivalents: 111.89 Lakhs.
• Total assets: 2504.98 Lakhs; Equity: 1975.15 Lakhs; Liabilities: 523.22 Lakhs.
• No inventory on hand; no manufacturing since 1995.

Governance & risk

• Board: Prithviraj S. Parikh (Chairman); KMPs Menon (CS), Ajit Honyalkar (CEO/CFO); Sharmila Chitale Independent.
• Corporate governance not applicable; thresholds for incumbents.
• Secretarial audit: Annexure A; no adverse remarks.
• Going concern uncertainty disclosed in MD&A.
• Internal controls: adequate; audited quarterly by the Audit Committee.

Regulatory & litigation

• Statutory auditors: Paresh Rakesh & Associates LLP; Secretarial: Balraj Vanwari & Associates.
• NCLT/NCLAT matters: updates with orders dated Sep 2025 and May 2026.
• Remuneration disclosures: KMP remuneration shown; 13.00 and 7.89 Lakhs.
• Note 34: Tax reconciliation; effective tax rate 33.46%.

Financial results approved

• Unaudited standalone results for quarter ended 30 June 2026 approved.
• Audit Committee recommendation; Independent Auditor's Review Report enclosed (Annexure A).

AGM & disclosures

• AGM fixed for 28 September 2026.
• FY2025-26 annual report and AGM notice to be sent to members.

Internal audit appointment

• Re-appointed M/s Krishnan & Giri as Internal Auditors for FY 2026-27.

Regulatory & legal

• Ongoing NCLT/NCLAT proceedings; maintainability IA allowed.
• Hearing adjourned to 3 September 2026.

Operations & segment notes

• Single trading segment; manufacturing ceased; plant disposed; resumed iron and steel trading.
• Previous period figures restated for comparability.

Auditor remarks

• Independent auditor's review notes no material misstatement.

No meeting details disclosed in filing chunk for Eastcoast Steel Ltd

Dematerialisation/rematerialisation status

• Regulation 74(5) certificate received from MUFG Intime India Pvt. Ltd. (RTA) for quarter ended June 30, 2026.
• MUFG Intime India Pvt. Ltd. is the Registrar and Share Transfer Agent for Eastcoast Steel Ltd.