Maruti Interior Products Ltd

AGM Details

• Date and time: September 29, 2026, 2:00 PM.
• Mode: Physical meeting at registered office, Veraval, Gujarat.
• Attendance: 17 members attended; quorum was present.
• Conclusion: Chairman declared the AGM proceedings closed at 2:50 PM.
• Voting results will be disseminated separately to the stock exchange.

Ordinary Business

• Adopt Audited Financial Statements for the year ended March 31, 2026, with Balance Sheet and P&L.
• Re-appoint Purshotam Rudabhai Lunagaria as director.

Special Business

• Re-appointment of Paresh Purushotam Lunagaria as Managing Director.
• Re-appointment of Nirbhay Paresh Lunagaria as Executive Director.
• Re-appointment of Nirmal Paresh Lunagaria as Executive Director.
• Re-appointment of Purshotam Rudabhai Lunagaria as Whole Director.
• Re-appointment of Nipun Mahendrabhai Doshi as Independent Director.
• Re-appointment of Shashikant Devjibhai Patel as Independent Director.

Voting Results

• Voting results will be disseminated separately to the stock exchange.

Maruti Interior Products Ltd — Closure of Trading Window from 1 October 2026 till expiry of 48 hours after the declaration of financial results for the quarter ending on 30 September 2026.

Standalone results

• Standalone net sales ₹1,138.06 lakh for quarter ended 30 June 2026; down from June 2025.
• Total standalone income ₹1,150.72 lakh; total expenses ₹1,086.18 lakh; PBT ₹64.54 lakh.
• Standalone net profit ₹50.04 lakh; basic EPS ₹0.08.
• Tax: income tax ₹9.75 lakh; deferred ₹4.75 lakh.

Consolidated results

• Consolidated net sales ₹1,430.67 lakh for quarter ended 30 June 2026.
• Consolidated total income ₹1,444.53 lakh; PAT ₹17.04 lakh.
• Consolidated EPS ₹0.03 for quarter ended 30 June 2026.

Capital actions & updates

• Rights issue: 4.53 crore shares; ₹45.30 crore proceeds; allotment finalised 7-Apr-2026.
• Acquired remaining 70% stake in Arrowin Metaltech in April 2026; now 100% owned.
• Migration to BSE Main Board deferred; ₹7.04 lakh migration fee charged to P&L.
• ESOP: 60,000 shares allotted; 8,000 options lapsed; no options outstanding as of 30 June 2026.
• Contingent liabilities: IT demands ₹0.22 lakh; no material impact anticipated.

Financial snapshot

• Standalone revenue from operations: Rs 5,214.11 Lakhs (FY2025-26).
• Standalone total revenue: Rs 5,265.91 Lakhs; Standalone PAT not specified here.
• Consolidated revenue from operations: Rs 5,267.75 Lakhs; Consolidated PAT: Rs 1,044.25 Lakhs.
• Dividend for FY2025-26: No dividend declared.
• Net cash from operating activities: Rs 498.65 Lakhs; cash and cash equivalents: Rs 96.72 Lakhs.

Business scope

• Operates in interior hardware and modular kitchen storage; single business segment.
• Brands include Everyday Kitchen (economy) and Spitze by Everyday (premium).
• Models include OEM manufacturing for other brands.

Growth and acquisitions

• HA & DL Holdings Pte. Ltd. acquired March 24, 2026; became Wholly Owned Subsidiary.
• Consolidation enhances international footprint, including Vietnam via Vina Metal Recycling Co., Ltd.
• Existing subsidiary Noggah Lifestyle Products Pvt. Ltd. remains 100% owned.

Capital and liquidity

• Authorized capital increased to Rs 61 Crores; issued capital Rs 15.10 Crores.
• Investments (standalone) rose to Rs 2,305.29 Lakhs, incl. foreign subsidiary and associate.
• Cash position: Rs 96.72 Lakhs; focus on liquidity and working capital efficiency.

Governance and board

• Board met 7 times in the year; independent directors present and active.
• Statutory auditors: M/s H. B. Kalaria & Associates; internal: M/s Rajesh K Tanna & Co.
• Secretarial audit: M/s S. V. Nadiyapara & Co; no material qualifications reported.

Related party and CSR

• Related party transactions: arm's length; disclosures in Annexure IV.
• CSR spend: Rs 11.51 Lakhs; average net profit for CSR obligation: Rs 11.42 Lakhs.
• Donations: Rs 11,00,000 to Jay Harihar Krupa Foundation; Rs 51,000 to Sadbhavna Seva Foundation.

Risks and outlook

• Risks include raw material price volatility, currency fluctuations, and industry competition.
• Outlook: expand product portfolio; strengthen brands; grow domestic and export markets.
• Focus on premium and OEM opportunities; enhance working capital efficiency.

Audit & compliance

• Statutory and internal audits stated; no auditor qualifications reported.
• Secretarial compliance reviewed; board processes and controls deemed adequate.
• Corporate governance not mandatory for SME-listed company; disclosures on website.

AGM Details

• Date and time: 29 September 2026, 2:00 PM; mode: physical meeting.
• Venue: Plot No. 13, Survey No. 236, Krishna Industrial Estate, Veraval.

Key Resolutions

• Adopt audited standalone and consolidated financial statements for year ended March 31, 2026.
• Director by rotation: re-appointment of Purshotam Rudabhai Lunagaria.
• Re-appointment of Paresh Purushotam Lunagaria as Managing Director.
• Re-appointment of Nirbhay Paresh Lunagaria as Executive Director.
• Re-appointment of Nirmal Paresh Lunagaria as Executive Director.
• Re-appointment of Purshotam Rudabhai Lunagaria as Whole-Time Director.
• Independent Director: Re-appointment of Nipun Mahendrabhai Doshi.

Remuneration and Terms

• Independent Director remuneration: 24,00,000 per annum.
• Term for Independent Director: five years.
• Remuneration last drawn: Purshotam Lunagaria 17,50,000 per annum.
• Remuneration last drawn: Paresh Lunagaria 21,00,000 per annum.
• Remuneration last drawn: Nirbhay Lunagaria 21,00,000 per annum.
• Remuneration last drawn: Nirmal Lunagaria 21,00,000 per annum.
• Remuneration last drawn: Nipun Doshi 24,00,000 per annum.

Director Appointments/Changes

• Re-appointment of Purshotam Lunagaria as Whole-Time Director.
• Re-appointment of Paresh Lunagaria as Managing Director.
• Re-appointment of Nirbhay Lunagaria as Executive Director.
• Re-appointment of Nirmal Lunagaria as Executive Director.
• Re-appointment of Nipun Doshi as Independent Director.

Meeting Details

• Date: September 08, 2026; time not disclosed; venue: registered office.

Key Agenda Items

• Approve standalone and consolidated audited financial results for quarter ended 30 June 2026.

Other Notes

• Trading window closed for insiders; reopens 48 hours after results announcement.

Delay in results submission

• Q1 2026 results delayed due to non-finalisation of foreign subsidiary accounts.
• Consolidated results await finalisation pending subsidiary accounting reconciliation.
• Company coordinating with foreign subsidiary management and auditors to complete finalisation.
• Results will be submitted to the exchange once finalised and Board-approved.
• No revised submission timeline provided at this time.

Board meeting postponement

• Board meeting to consider standalone and consolidated Q1 FY2026 results postponed due to foreign subsidiary's results not finalised.
• New date to be intimated to the stock exchange in due course per SEBI LODR 2015.
• Original board meeting date was August 14, 2026.

Meeting Details

• Date: 14 August 2026; location: registered office; time not disclosed.

Key Agenda Items

• Approve standalone and consolidated audited financial results for quarter ended 30 June 2026.

Other Notes

• Trading window closed for insiders; reopens 48 hours after the June 30, 2026 results.

Dematerialisation/rematerialisation status

• Certificate from Bigshare RTA attached confirming compliance for quarter ended 30 June 2026.
• Regulation 74(5) not applicable; entire holding in demat form.
• No requests received for rematerialisation/dematerialisation during quarter ended 30 June 2026.