Krupalu Metals Ltd

Krupalu Metals Ltd – Trading Window closed from 01 October 2026 for Unaudited Financial Results for the half year ended 30 September 2026; reopens 48 hours after the announcement of the said financial results.

AGM Details

• AGM held Aug 27, 2026 at 12:30 PM via VC/OAVM.
• Record date: 20 Aug 2026; cut-off date: 4 Aug 2026.
• Remote e-voting: Aug 24–26, 2026; votes counted Aug 27.
• Shareholders on record: 622; meeting duration 12:30–12:50 PM.

Resolutions

• Ordinary: adoption of financial statements; passed with 99.91% in favour.
• Ordinary: reappointment of Navinbhai Katariya as director; passed with 99.91%.
• Ordinary: appointment of Sunit M. Chhatbar & Co. as Statutory Auditors; passed.
• Special: appointment to fill casual vacancy of Statutory Auditors; passed.

Director Changes

• Navinbhai Katariya reappointed as director; retires by rotation.

Auditor Appointments

• Statutory Auditor appointment: M/S Sunit M. Chhatbar & Co. appointed.
• Special: fill casual vacancy caused by resignation of existing statutory auditors.

AGM Details & Key Resolutions

• AGM held on 27 Aug 2026 at 12:30 P.M. IST via VC/OVAM.
• Cut-off date for voting rights: 20 Aug 2026; remote e-voting 24–26 Aug.
• Ordinary Resolution 1: adopt audited financial statements and reports; 99.91% in favour; passed.
• Ordinary Resolution 2: reappointment of Navinbhai Katariya (retiring by rotation); 99.91% in favour; passed.
• Ordinary Resolution 3: appoint Sunit M. Chhatbar & Co. as Statutory Auditors; 99.91% in favour; passed.
• Special Bus. 4: appoint Sunit M. Chhatbar & Co. to fill casual vacancy; 99.91% in favour; passed.
• Other material approvals: none reported.

AGM Details

• The 18th AGM was held on 27 August 2026 at 12:30 P.M. IST.
• Mode: video conference/other audio-visual means.
• Remote e-voting ran 24–26 August 2026; AGM voting available for 15 minutes post meeting.
• Scrutinizer: Sumit Bajaj & Associates, Practising Company Secretaries.
• Quorum present; meeting commenced at 12:30 P.M.

Ordinary Resolutions

• Adopt audited financial statements for year ended 31 March 2026, with reports.
• Reappointment of Navinbhai Katariya as director on rotation.
• Appoint M/S Sunit M. Chhatbar & Co. as Statutory Auditors.
• Appoint M/S Sunit M. Chhatbar & Co. to fill casual vacancy due to resignation.

Governance & Appointments

• Meeting held via video conference on 27 August 2026.
• Quorum confirmed and meeting concluded at 12:50 P.M.
• Scrutinizer Sumit Bajaj & Associates supervised e-voting.

Financial performance

• Revenue from operations ₹6,225.78 lakhs for FY2025-26, up from 2024-25.
• Total income ₹6,226.84 lakhs for FY2025-26.
• PAT ₹277.23 lakhs; prior year ₹215.09 lakhs.
• Basic & diluted EPS ₹5.54.
• Profit before tax ₹388.77 lakhs; current tax ₹111.98; deferred ₹0.44.
• Dividend not declared for FY2025-26.
• IPO proceeds ₹1,347.84 lakhs; paid-up capital ₹587.20 lakh post-IPO.
• Reserves ₹1,510.67 lakhs; security premium ₹1,031.53; general reserve ₹479.14.
• Shareholders' funds ₹2,097.87 lakhs; total assets ₹4,276.40 lakhs.
• Listed on BSE SME from 16-Sep-2025.

Capital structure & liquidity

• Short-term borrowings ₹1,195.60 lakhs; long-term borrowings ₹116.07.
• Debt-to-equity 0.63; current ratio 1.75; interest coverage 6.80.
• Cash flow: operating ₹-1,104.55 lakhs; financing ₹1,613.20 lakhs.
• Net cash increase ₹20.38; year-end cash ₹48.20 lakhs.

Dividends & capital allocation

• Dividend not declared for the year.
• Security premium ₹1,031.53 lakhs transferred to reserves; general reserve ₹479.14.
• IPO funds supported capital base, enabling higher paid-up capital.

Governance & management

• Pooja Gupta resigned as Company Secretary on 31-Oct-2025; Urmi Katariya appointed CFO on 28-Jan-2026.
• K M Chauhan & Associates resigned 28-May-2026; Sunit M Chhatbar & Co appointed as statutory auditors.
• Secretarial auditor: Sumit Bajaj & Associates; board committees: Audit, Nomination & Remuneration, Stakeholders.
• ISO 9001:2015 certification achieved; SME listing underway.

Audit & internal controls

• Statutory auditors' report: no qualifications; no material weaknesses.
• Internal financial controls: adequate and operating effectively.
• Secretarial audit: no qualifications.

Related party transactions

• Durva Metals: sales ₹1,569.18 lakhs; purchases ₹471.84.
• Director remuneration: Jagdish Katariya ₹4.89 lakh; Navin Katariya ₹3.75; Urmi ₹7.93; Pooja ₹1.40.
• Independent directors' sitting fees: ~₹0.23-0.24 lakh each.
• Related party balances include loans and trade with Durva Metals.

Business developments & outlook

• Brass and copper products: sheets, profiles, components; ISO 9001:2015.
• IPO and SME listing support growth; domestic Make in India and infrastructure demand.
• Opportunities across electrical, electronics, automotive, construction sectors.

Risks & governance

• Intense competition from domestic and international players.
• Environment regulations increase compliance costs.
• Macro-economic uncertainties affecting demand and input costs.

CSR & ESG

• CSR not applicable for 2025-26; no CSR committee.

Compliance certificate

• Certificate from RTA certifies compliance with Regulation 74(5) for quarter ended 30 June 2026.