KVS Castings Ltd

AGM Details

• AGM held on 12 August 2026 at 3:30 PM IST in physical mode at registered office.
• Chair: Mr. Devendra Kumar Agarwal; 8 members attended; quorum satisfied.
• Remote e-voting and on-site voting available; ballot voting after meeting.
• Meeting concluded at 4:45 PM IST.

Key Resolutions

• Adoption of audited financial statements for FY2026 — ordinary; result awaited from Scrutinizer.
• Re-appointment of Ms. Rekha Agarwal as Director by rotation — ordinary; result awaited.
• Regularization of Mr. Puneet Mohindra as Non-Executive Director and Professional — ordinary; result awaited.
• Appointment of Mr. Sudhir Agarwal as Independent Director for second term — special; result awaited.
• Ratification of general Related Party Transactions — ordinary; result awaited.

Voting Status

• Outcomes for all resolutions are awaited from Scrutinizer.

Dividend

• No dividend proposed or declared at the AGM.

Director Changes

• Ms. Rekha Agarwal re-appointed as Director by rotation.
• Mr. Puneet Mohindra regularized as Non-Executive Director and Professional.
• Mr. Sudhir Agarwal appointed Independent Director for second term (5 years).

Auditor Actions

• No auditor appointments or changes disclosed at the AGM.

Related Party Transactions

• RPTs to be ratified; no monetary value disclosed.

Other Material Approvals

• No other material approvals noted.

Order win details

• KVS Castings secured a ₹20 crore order from SAMM Corporation for Russian Railways components.
• Execution to commence August 2026 with phased deliveries based on customer requirements.
• Expected revenue contribution of approximately ₹8 crore in FY27 and ₹12 crore in FY28.
• Strengthens export footprint in railway components and international market positioning.
• Execution to be completed over next two financial years.

Meeting Details

• Date: 06 August 2026; Time: 04:15 PM to 04:50 PM IST
• Type/Mode: Group, virtual meeting via Zoom
• Event: Investors' Meeting

Participants

• Company management presented overview of operations and strategic priorities

Purpose

• Overview of ongoing operations and strategic priorities
• Growth outlook discussed for FY 2026-27 and FY 2027-28; directional guidance only
• New business opportunities and railway sector expansion discussed

Additional Notes

• No UPSI disclosed; recording not required

Order details

• Awarding entity is SAMM Corporation, Delhi (Merchant Exports), a domestic entity.
• Nature of order: manufacture and supply railway parts for Russian Railways.
• Aggregate value: ₹8 crore for FY2026-27 and ₹12 crore for FY2027-28.
• Execution: immediate delivery with phased deliveries from August 2026 onwards.
• Terms include inspection, payment as per contract, warranty, and General Agreement Conditions.
• Domestic awarding entity; export to Russia via SAMM Corporation.
• No promoter group interest in SAMM Corporation.
• Impact: potential revenue visibility from FY2026-27 and FY2027-28.

AGM Notice Publication

• Notice of the 7th AGM published on 19 July 2026, detailing remote e-voting, record date, and book closure.
• Notice and Annual Report for FY 2025-26 available on the company website.

AGM Details

• Notice of the 7th AGM published July 19, 2026 in two Uttarakhand newspapers.
• Notice includes remote e-voting, record date, and book-closure details.
• AGM notice and FY2025-26 annual report available on the company's website.

Record Date & AGM Details

• Record Date fixed as August 07, 2026 for voting eligibility and AGM attendance.
• E-Voting period runs from August 09, 2026, 09:00 IST to August 11, 2026, 17:00 IST.
• Book Closure from August 08, 2026 to August 13, 2026 (inclusive) for AGM entitlement.

Secretarial Audit Update

• Secretarial Audit Report for FY 2025-26 completed under Section 204 of the Companies Act.
• Regulation 24A LODR not applicable as the company is listed on BSE SME.
• Audit conducted by CS Nishi Sethi Tandon (COP 26395) through M/s Nishi & Associates.
• MR-3 Form secretarial report enclosed and forms part of FY 2025-26 Annual Report.
• Company Secretary & Compliance Officer: Shweta Mehrotra.

AGM details & resolutions

• 7th AGM on 12 Aug 2026 at 15:30 IST, Kashipur, Uttarakhand.
• Adopt Audited FY2025-26 financial statements and Board reports.
• Re-appoint Rekha Agarwal as Director, retires by rotation.
• Regularize Puneet Mohindra as Director (Non-Executive, Professional).
• Appoint Sudhir Agarwal as Independent Director for second five-year term.
• Ratify related party transactions for FY2025-26.
• E-voting from Aug 9–11, 2026; physical ballot at AGM.

FY2025-26 highlights & IPO/capacity

• Revenue ₹5,139.90 Lakhs; PAT ₹705.36 Lakhs; EBITDA ₹1,111.98 Lakhs.
• IPO raised ₹2,783.20 Lakhs; net ₹2,373.93 Lakhs; listed on BSE SME Oct 6, 2025.
• New automated facility commissioned Mar 2026; capacity up by 12,000 MTPA to 19,200 MTPA.
• Dividend not recommended for FY2025-26.
• IPO proceeds utilized per offer; unutilised ₹351.65 Lakhs parked in Yes Bank.
• Authorized share capital ₹22.50 Crore; issued paid-up ₹1.875 Crore.
• CRISIL rating: BBB-/Stable (Long term); A3 (Short term).
• Long-term borrowings ₹1,970.48 Lakhs; short-term ₹491.18 Lakhs.

Financial performance

• Revenue from operations: 5,139.90 lakh.
• EBITDA: 1,111.98 lakh; EBITA: 1,009.59 lakh.
• PBT: 964.35 lakh; PAT: 705.36 lakh.
• EPS (basic and diluted): 4.34.
• IPO proceeds: gross 2,783.20 lakh; net 2,373.93 lakh.
• Capacity expansion: new automated facility commissioned March 2026; total capacity 19,200 MTPA.
• Dividends: no dividend declared for FY2025-26.
• Cash flows: operating 475.02 lakh; investing -4,660.48 lakh; financing 4,418.55 lakh.
• Year-end cash balance: 380.71 lakh.

Capital structure & liquidity

• Authorized capital: ₹2,250.00 lakh; paid-up capital: ₹1,875.33 lakh.
• Equity shares outstanding: 1,87,53,324.
• Long-term borrowings: ₹1,970.48 lakh.
• Break-up: PNB ₹1,250.78 lakh; YES Bank ₹679.70 lakh; unsecured ₹40.00 lakh.
• Short-term borrowings: ₹491.18 lakh.
• CRISIL ratings: BBB-/Stable (LT); A3 (ST); bank facilities ₹80 crore.
• IPO net proceeds: ₹2,373.93 lakh; unutilised ₹351.65 lakh parked in Yes Bank.
• Listing: SME listing on BSE Limited on 6 Oct 2025.

Capacity expansion & operations

• Unit 1 installed: 7,200 MTPA; actual production 5,487 MTPA; utilization 76.20%.
• Unit 2 installed: 12,000 MTPA; operations started 2 Mar 2026.
• Total installed capacity post-expansion: 19,200 MTPA.
• Kashipur facility: ISO 9001:2015; RDSO accredited; integrates casting and machining.

Governance & board changes

• Board composition: 8 directors and 3 KMPs; 4 Non-Executive; 3 Independent; 1 MD; 1 CFO; 1 CEO; 1 Company Secretary.
• Independent directors: Madhup Misra, Jaswinder Ahluwalia, Sudhir Agarwal (appointed Aug 2025).
• Puneet Mohindra appointed as Additional Director (Non-Executive) in July 2025.
• Ms. Rekha Agarwal reappointed as Non-Executive Director in 2025.
• Audit, Nomination & Remuneration, Stakeholders’ Relationship, and CSR committees are in place.
• Independent Directors met on 6 Mar 2026 to review performance.

Auditors & internal controls

• Statutory auditor: Arora Gupta & Co; five-year term to 2029; no qualifications.
• Secretarial auditor: Nishi & Associates; Annexure A; no adverse observations.
• Internal auditor: A. Rajat & Co; appointed 24 Jul 2025; no adverse observations.
• Internal financial controls: adequate; operating effectively; no material weaknesses.

Related party transactions

• Total related party transactions: 496.67 lakh under omnibus approval.
• Lease rents: Devendra Agarwal 0.90; KVS Infratech LLP 12.48; Kashi Vishwanath Steels 31.20; Annapurna Steels 2.04.
• Purchase of raw material from Kashi Vishwanath Steels: 343.34; sale of scrap to same: 106.71.
• Approval: ordinary resolution ratification of related party transactions at AGM.

CSR & sustainability

• CSR committee: Arpan Jindal (Chairman); Devendra Agarwal; Madhup Misra; met 2 times.
• CSR spend: 19.25 lakh; average net profit: 7,75,06,358; 2% obligation: 15.50 lakh.
• CSR programs: Shri Shyam Sevak Mandal Trust; Rotary Foundation; Khwaish NGO.
• CSR policy on company website; CSR activities disclosed in Annexure D.

Outlook & strategic priorities

• Outlook: positive Indian foundry and engineering demand; opportunities in defence and railway projects.
• Strategic priorities: maximize capacity utilization; expand OEM relationships; invest in automation and tech.
• Leverage SME listing to enhance governance and capital access.
• Capex funded by IPO proceeds to drive expansion and efficiency gains.