Lesha Industries Ltd

Upcoming AGM and shareholder notices

• Dispatched letters to non-email shareholders with web-link to access FY2025-26 Annual Report.
• 34th AGM to be held Sept 18, 2026 via VC/OAVM.
• Notice and Annual Report for FY2025-26 available for download via specified links.
• Shareholders to update KYC details with DP/RTA.
• E-voting window Sep 15–17, 2026; cut-off Sep 11, 2026.
• Refer AGM Notice for speaker registration and joining procedures.

Financial performance

• Revenue from operations: 474.14 Lakhs in FY25-26; down from 1,245.54 in FY24-25.
• Total income: 515.96 Lakhs in FY25-26.
• Profit before tax: 21.55 Lakhs; profit after tax: 13.85 Lakhs.
• Basic EPS: 0.005; no dividend declared for the year.
• Reserves and surplus: 4571.76 Lakhs; total equity: 7416.93 Lakhs.
• Registered office shifted within Ahmedabad; AGM: 34th on 18 Sep 2026 via VC/OAVM.
• Management aims revival and expansion of steel business; outlook positive amid reforms.
• RPT framework: material transfers with related parties up to Rs 150 crore for FY27-28.

Operations and business developments

• Segment revenue: Steel Trading 463.97 Lakhs; Others 10.17; Trading of Goods 0.00; total 474.14.
• No subsidiaries or joint ventures; focus on trading steel, chemicals, and shares.
• Registered office relocated to Corporate House-2, Ambli, Ahmedabad.
• Outlook: steel and chemical trading remains positive amid domestic demand and policy support.
• Management plans to revive steel business and enhance efficiency.

Governance and board changes

• Board comprises six directors; independent directors number three; nine board meetings held.
• Statutory auditors Khimani & Co. appointed for five years subject to member approval.
• Secretarial auditor: Chintan K. Patel; secretarial audit report attached.
• Independent Directors met in Mar 2026 to review governance and information flow.
• Company Secretary: Maitri Kansara ceased April 10, 2026; Priyanshi Sharma appointed June 19, 2026.

Capital structure and liquidity

• Equity share capital: 2845.17 Lakhs; total equity: 7416.93 Lakhs; reserves: 4571.76 Lakhs.
• Current borrowings: 9.53 Lakhs; cash and cash equivalents: 30.86 Lakhs.
• Debt-to-equity ratio: 0.001; net debt position modest against equity.

Related party transactions and governance

• Material RPTs with RTL, Ashnisha, AML, GNRL, LVPL; up to Rs 150 crore per party for FY27-28.
• RPTs reviewed by Audit Committee; annual approvals via Special Resolutions.
• Promoter/Director interests include RTL, AML, GNRL holdings; cross-directorships disclosed.
• Audit Committee approvals obtained for repetitive RPTs; Industry Standards disclosures provided.

Audits and internal controls

• Statutory auditors Keyur Bavishi & Co. demits; Khimani & Co. appointed for 5-year term.
• Secretarial audit: Compliance by Lesha; Annexures II to VI attached.
• Internal controls: Adequate and operating; no material weaknesses reported.

Risks, outlook and ESG

• Outlook positive for steel and chemical trading; domestic demand supports growth.
• Risks: raw material price volatility, regulatory costs, currency fluctuations, and supply chain.
• CSR not applicable; emphasis on compliance and governance.

Shareholder information and AGM

• AGM scheduled for September 18, 2026; VC/OAVM; remote e-voting Sept 15-17, 2026.
• Top promoters as of March 31, 2026: Shalin Shah 16.52%, Ashok Shah 9.14%, LVPL 8.50%, Leena Shah 7.49%.
• Dividend for the year was not declared.

AGM details

• Date/time/mode: Sep 18, 2026, 03:30 PM IST via VC/OAVM.
• Record/Book closure: Sep 12–18, 2026.
• AGM venue deemed to be the registered office.

Ordinary business resolutions

• Adopt audited standalone financial statements and reports.
• Re-appoint Ashok Shah as Director, retiring by rotation.
• Appoint M/s Khimani & Co as Statutory Auditors for five years.
• Remuneration to be mutually agreed; Audit Committee authorized to revise terms.

Special business resolutions (4-8)

• Special Resolution 4: RPT with Rhetan TMT Limited up to Rs 150 crore for FY 2027-28.
• Special Resolution 5: RPT with Ashnisha Industries Limited up to Rs 150 crore for FY 2027-28.
• Special Resolution 6: RPT with Ashoka Metcast Limited up to Rs 150 crore for FY 2027-28.
• Special Resolution 7: RPT with Gujarat Natural Resources Limited up to Rs 150 crore for FY 2027-28.
• Special Resolution 8: RPT with Lesha Ventures Private Limited up to Rs 150 crore for FY 2027-28.
• Board and Audit Committee empowered to implement and amend terms.

RPT governance framework

• Material RPT threshold set at 10% of annual turnover; cap Rs 150 crore for FY27-28.

Auditor appointment

• Appointed Khimani & Co. as Statutory Auditors.
• Five-year term from ensuing AGM to 39th AGM (2031), subject to members' approval.
• Approved by Board as recommended by Audit Committee.

Meeting Details

• Date, time, and venue not disclosed in the provided filing chunk.

Book closure & AGM details

• Security type: Equity shares.
• Book Closure: Sept 12, 2026 to Sept 18, 2026, inclusive.
• Purpose: 34th Annual General Meeting (AGM) on Sept 18, 2026.
• AGM time: 3:30 PM IST.
• E-voting window: Sept 15, 2026, 9:00 AM to Sept 17, 2026, 5:00 PM.
• Cut-off date for e-voting eligibility: Sept 11, 2026.

Registered office change

• Previous registered office: 7th Floor, Ashoka Chambers, Mithakhali Six Road, Ahmedabad 380006.
• New registered office: Corporate House-2, Anam-2, Iscon Ambli BRTS Road, Nr Vakil Bridge, Bopal, Ahmedabad-380058.
• Effective date: Board resolution dated August 11, 2026.
• Jurisdiction: Within Ahmedabad city limits; no change in city or state.
• Reason: Board consent to shift for operational/compliance reasons.
• Approvals: Board resolution; no shareholder or regulatory approvals stated.

Financial results

• Approved unaudited standalone Q1 2026 results for quarter ended 30 June 2026.
• Limited Review Report by Keyur Bavishi & Co. attached.
• Board's Report and annexures approved.

AGM and governance

• Notice for 34th AGM on 18 September 2026 via VC/OAVM approved.
• Book closure from 12 to 18 September 2026.
• Remote e-voting from 15 to 17 September 2026; cut-off 11 September 2026.

Scrutinizer appointment

• Chintan K. Patel, Practicing Company Secretary, Ahmedabad, appointed Scrutinizer for AGM.

Related party transactions

• Approved RPTs under section 188 and Regulation 23 of LODR, subject to AGM approval.

Registered office shift

• Approved shifting registered office within Ahmedabad to Corporate House-2, Iscon Ambit BRTS Road, Bopal.

Auditor remarks

• Limited Review Report states no material misstatement in results.