Fine Line Circuits Ltd

Fine Line Circuits Ltd – Trading Window Closure

AGM details

• Date/time/mode: 28 Sep 2026, 11:00 IST, VC/OAVM.
• Cut-off for voting: 21 Sep 2026; 10823 shareholders on record.
• Remote e-voting period: 25–27 Sep 2026.

Resolutions proposed

• Resolution 1 (Ordinary): Adoption of Audited Financial Statements for year ended 31 Mar 2026.
• Resolution 2 (Special): Appoint director replacing R.M. Premkumar (retiring by rotation).
• Resolution 3 (Ordinary): Appoint director replacing Gautam Doshi (retiring by rotation).
• Resolution 4 (Special): Appoint Jayesh Khimji Rambhia as Director/Independent Director.

Voting results

• Resolution 1: Passed with requisite majority; minor opposition (~40 votes).
• Resolution 2: Passed with requisite majority; minor opposition.
• Resolution 3: Passed with requisite majority; minor opposition.
• Resolution 4: Passed with requisite majority; minor opposition.

Director changes

• R.M. Premkumar retires by rotation; re-appointment proposed.
• Gautam Doshi retires by rotation; re-appointment proposed.
• Jayesh Rambhia appointed as Director/Independent Director.

Auditors & RPTs

• No auditor appointment/change disclosed.
• No material related party transactions disclosed.

Other approvals

• No other material approvals disclosed.

Book closure details

• Equity shares; book closure from 22 September 2026 to 28 September 2026 (inclusive).
• AGM date: 28 September 2026.
• Purpose: Annual General Meeting.

AGM & Board Changes

• AGM to be held on 28 September 2026 via VC/OAVM.
• Shri RM Premkumar to be reappointed as Non-Executive Non-Independent Director.
• Shri Gautam Doshi to be reappointed as Director (rotation).
• Jayesh Khimji Rambhia appointed as Independent Director from 6 Aug 2026; 5-year term 2026–2031.

Financial Highlights

• Revenue from operations: 3,317.68 Lakhs; prior year 3,036.96.
• Profit after tax: 1.52 Lakhs; prior year 19.74.
• R&D expenditure: 21.95 Lakhs; new product pipeline.

Governance & Compliance

• Secretarial audit by Parikh & Associates: no qualifications.
• Board comprises eight directors; three independent; four meetings held.

Outlook & Growth

• Outlook positive; focus on new products, markets; RF Microwave PCBs; export to 14 countries.

Financial highlights

• Revenue from operations reached 3,317.68 Lakhs in FY2025-26.
• Profit after tax totaled 1.52 Lakhs for FY2025-26.
• PBDT stood at 115.26 Lakhs; depreciation at 75.81 Lakhs.
• Profit before tax was 1.51 Lakhs.
• Earnings per share: ₹0.03 (basic and diluted) for FY2025-26.
• Total comprehensive income for the year: 31.42 Lakhs.
• Net worth stood at 913.48 Lakhs; equity capital 482.65 Lakhs.
• Dividend not recommended for 2025-26; profits retained in reserves.

Capital structure & liquidity

• Total borrowings: 746.72 Lakhs (current and non-current).
• Cash and cash equivalents: 75.27 Lakhs.
• Current ratio: 1.70x.
• Debt-to-equity ratio: 0.82x.
• No default or material debt issues noted.

Operations & markets

• RF Microwave PCBs with specialized materials drive growth.
• Exports to 14 countries; USA, Germany, and India core markets.
• Domestic market expansion and SEZ unit focus.
• HTMU development progressed; new product pipeline planned.

Governance & board

• Board strength eight; six non-executive directors, three independent.
• Mr. Jayesh Rambhia appointed Independent Director; term to Aug 2031.
• Independent Directors met on 30 March 2026.
• Audit committee: Akshay Shah (Chair), Rambhia, Maryam Baghini, Premkumar.

Dividends & reserves

• Dividend status: no interim or final dividend declared for 2025-26.
• Proposed transfer to General Reserve: 430.83 Lakhs.

Audit & compliance

• Statutory auditors: DKP & Associates; Secretarial Auditor: Parikh & Associates.
• Auditors' report and secretarial reports are unqualified.
• Secretarial compliance disclosures are included in the Annual Report.

Risk & outlook

• Outlook is positive with new products and markets focus.
• Risks include volatile exchange rates and rising material/power costs.
• Management emphasizes domestic and export growth and HTMU initiatives.

Shareholding & corporate details

• Promoter holding: 33.40%; public holdings: 66.60% as of 31-03-2026.
• Promoters include Bhagwandas Doshi Estate and Kapurwala Properties Pvt. Ltd.

Financial results

• Approved unaudited quarterly results for quarter ended 30 June 2026; limited review report enclosed.

Director appointment

• Appointed Jayesh Khimji Rambhia as Additional Independent Director, effective 06 Aug 2026.
• Re-appointed as Non-Executive Independent Director for five-year term 06 Aug 2026 to 05 Aug 2031.
• Shareholder approval via special resolution required.