Gopal Iron & Steels Company Gujarat Ltd

Appointment of Non-Executive Independent Director

• Appointed Mr. Aayush Kamleshbhai Shah as Non-Executive Independent Director.
• Effective date of appointment: 13 August 2026.
• Profile: B.Com, CS, LLB; 10 years’ corporate governance experience at Wealth First Portfolio Managers.
• No relationships with other directors.
• Not debarred by SEBI or other authorities.

AGM Details

• AGM held 25 Sep 2026 at 12:00 PM via VC/OAVM.
• Voting cut-off date: 18 Sep 2026.

Key Resolutions

• Resolution 1 (Ordinary): Adopt annual financial statements for year ended 31 March 2026.
• Resolution 2 (Ordinary): Re-appointment of Harshil Patni, retiring by rotation.
• Resolution 3 (Special): Appoint Aayush Shah as Non-Executive Independent Director.

Voting Outcomes

• Resolution 1 passed with full in-favour votes.
• Resolution 2 passed; majority in favour with minority against.
• Resolution 3 passed; majority in favour with minority against.

Director Changes

• Aayush Kamleshbhai Shah appointed as Non-Executive Independent Director.
• Harshil Chandreshbhai Patni re-appointed by rotation.

General Outcome

• All resolutions passed by combined e-voting and AGM poll.

AGM Details

• 32nd AGM held on 25 September 2026, 12:00 PM via video conference/AVM.
• AGM concluded at 12:22 PM.

Key Resolutions

• Ordinary: Adoption of audited financial statements for year ended 31 March 2026.
• Ordinary: Re-appointment of Harshil Chandreshbhai Patni by rotation.
• Special: Appointment of Aayush Kamleshbhai Shah as Non-Executive Independent Director.

Voting Status

• Voting results pending; outcome to be declared after Scrutinizer Report.

Castora Agri Commodities Limited: Trading Window closed from 01 October 2026 till the end of 48 hours after the declaration of unaudited financial results for the quarter ended 30 September 2026.

Financial performance

• Revenue from operations: ₹21.20 L in FY25-26, down from ₹315.83 L.
• Total income: ₹21.20 L, vs ₹315.86 L prior year.
• Profit before tax: ₹-3.80 L; Profit after tax: ₹-3.80 L.
• EPS (basic and diluted): ₹-0.08 for FY25-26.
• Dividend for 2025-26 not recommended due to losses.
• Cash and cash equivalents: ₹1.96 L; current ratio 1.81.
• Long-term borrowings ₹72.78 L; director loans ₹34.79 L; others ₹7.99 L.

Strategic actions & corporate changes

• Renamed to Castora Agri Commodities Limited; main object clause amended.
• Registered office shifted within Gujarat from Ahmedabad to Harij.
• Authorized capital increased to ₹50 Crore; MOA amended.
• Agro commodity operations commenced from 1 April 2026.
• No material changes in business; single primary segment remains.
• AGM planned via VC/OAVM under MCA/SEBI relaxations.

Governance & leadership

• Appointed Aayush Shah as Non-Executive Independent Director for five years.
• Resignations during year; board strengthened with new independent director.
• Secretarial audit flagged Reg 31(2) non-compliance; promoter demat incomplete.
• Audit committee to be reconstituted to meet independence norms.
• Remuneration policy for Directors and KMP approved.

Audit, risk & going concern

• Statutory auditors: Krutesh Patel & Associates; Internal: Kunal Shah & Co.
• Tax disputes total ₹1,091.98 L; Supreme Court matters ₹939.28 L.
• Going concern: material uncertainty due to tax litigations; agro revival cited.
• Note on going concern emphasizes revival plan and no external borrowings at year-end.

Capital structure & liquidity

• Equity share capital: ₹4.9171 Cr; Authorized capital raised to ₹50 Cr.
• Issued capital: ₹4.9171 Cr; no change in issued capital during year.
• Long-term borrowings ₹72.78 L; break-down: directors ₹34.79 L; others ₹7.99 L.
• No current borrowings; cash ₹1.96 L.
• Debt-to-equity ratio 0.86; current ratio 1.81.

Business development & environment

• Company operates a single segment: Iron & Steel products.
• Outlook: turnover declined; focus on Agro revival and market opportunities.
• Risk management framework in place; insurance coverage for assets.

Dividend & AGM details

• Dividend not declared for FY2025-26 due to losses.
• AGM date: 25 September 2026; via VC/OAVM.
• Notice, annual report availability on company and BSE website.

Book closure and AGM details

• Book closure for Register of Members and Share Transfer Books Sep 19–25, 2026 (inclusive).
• AGM: 32nd AGM on Sep 25, 2026 at 12:00 PM via VC/OAVM.
• Cut-off date for remote e-voting: Sep 18, 2026.
• E-voting period: Sep 22, 2026, 9:00 AM to Sep 24, 2026, 5:00 PM.
• Security: Equity shares.

AGM details

• Date and time: 25 September 2026 at 12:00 PM via VC/OAVM.
• Mode: VC/OAVM.
• Register of Members and share transfers closed 19–25 September 2026.
• Cut-off for e-voting: 18 September 2026; remote voting window: 22–24 September 2026.
• VC/OAVM attendance limited to 1000 members on first-come basis.

Ordinary business

• Adopt financial statements for the year ended 31 March 2026.
• Re-appoint Harshil Chandreshbhai Patni as director by rotation.

Special business

• Appoint Ayush Kamleshbhai Shah as Non-Executive Independent Director for five years from 13 August 2026.
• Directors authorized to file forms with MCA to implement the appointment.

Other governance matters

• Scrutinizer appointed for remote e-voting: Anish Shah.

Financial highlights

• Standalone revenue for quarter ended 30 Jun 2026: ₹978.03 Lakh.
• Profit from operations before tax: ₹12.12 Lakh.
• Net profit after tax: ₹12.12 Lakh.
• EPS basic and diluted: ₹0.25.
• Pending tax demands total ₹1,041.45 Lakh; contingent liabilities disclosed.
• Supreme Court tax matter ₹950.15 Lakh; no provision booked.
• Auditors’ going concern emphasis; company disposed of major fixed assets.
• Single reportable segment: Trading of Agricultural Commodities.