Mipco Seamless Rings Gujarat Ltd

Dematerialisation processing

• Securities received for dematerialisation were mutilated and cancelled after verification.
• NSDL and CDSL updated as registered owners within 15 days of receipt of valid DRF and share certificates.
• Details of the securities were furnished to stock exchanges.

Mipco Seamless Rings (Gujarat) Limited – Trading window closed from the start of business hours on 01 October 2026 till 48 hours after the declaration of Un-audited Financial Results for the quarter and half-year ended 30 September, 2026.

AGM Details

• AGM held on 29 September 2026 at 5:00 PM IST via VC/OAVM.
• Meeting concluded at 5:15 PM IST.
• Record date: 22 September 2026; number of members on record: 18,519.
• Remote e-voting: 26-28 September 2026; Scrutinizer appointed.
• Voting results to be declared after Scrutinizer's Report and communicated to Stock Exchange.

Resolutions & Status

• Ordinary: adopt Audited Financial Statements for FY ended 31 March 2026; results pending.
• Ordinary: re-appoint Vikky Jain as Whole-Time Director by rotation; results pending.
• Special: Regularisation of Shir Sagar Pandey as Non-Executive & Non-Independent Director; results pending.
• Special: Alteration in Object Clause of Memorandum of Association; results pending.

Dividend

• No dividend proposed or declared.

Director Changes

• Vikky Jain to be re-appointed as Whole-Time Director by rotation.
• Shir Sagar Pandey to be Regularised as Non-Executive & Non-Independent Director.

Key details

• Type of Security: Equity shares, paid-up value Rs. 10.
• Record Date (Cut-off): Tuesday, 22 September 2026.
• Purpose: e-Voting for the 46th Annual General Meeting.
• Book Closure: 23 September 2026 to 29 September 2026 (inclusive).

Key book-closure details

• Book closure: 23 September 2026 to 29 September 2026 (inclusive) for AGM.
• Security: Equity shares.
• Scrip code: 505797.
• Paid-up value: Rs. 10 per share.
• Purpose: 46th Annual General Meeting.
• Company: Mipco Seamless Rings (Gujarat) Limited.

Financial highlights

• Revenue from operations: Rs 431.12 lakh in FY2025-26.
• Total income: Rs 431.12 lakh.
• Profit after tax: Rs 8.76 lakh, reversal of prior year's loss.
• EPS: Rs 0.24 per share.
• Net cash from operating activities: Rs -0.57 lakh.
• No dividend declared for FY2025-26.
• Turnaround from loss in prior year.

Business and strategy

• Altered object clause to enable ferrous/non-ferrous metal business.
• Expanding into plastics and broader metal products.
• Single segment: trading of iron and iron goods.

Capital structure

• Authorized capital increased to Rs 25 crore.
• Issued share capital: Rs 3.585 crore; paid-up Rs 3.5848 crore.
• Issued capital unchanged post-year; no buybacks or ESOPs.
• No material changes in capital post-year.

Governance and board

• Vikky Jain appointed WTD; April 25, 2025; regularised Sept 27, 2025.
• Nikitha Sarda appointed Independent Director Dec 2024; regularised Sep 2025.
• Somnath Dasgupta appointed Independent Director Aug 2025; regularised Sep 2025.
• Shir Sagar Pandey Additional Director July 9, 2026; regularisation proposed.
• Sridhar Dasra CFO resigned Apr 25, 2025; Amarjit Rajbhar appointed May 29, 2025.
• Auditors: PPKG & Co resigned Sept 4, 2025; Bijan Ghosh & Associates appointed.
• Secretarial Auditor: Prity Bishwakarma & Co.

Audit, controls and risk

• Auditor's report: unqualified; no qualifications.
• Secretarial audit flagged ROC filing delays and UPSI entry delays; corrective steps taken.
• Internal controls adequate and operating effectively.
• Risk management framework and policy on website.

Financial position and liquidity

• Total assets Rs 88.60 lakh; equity deficit Rs 119.71 lakh.
• Long-term borrowings Rs 160.48 lakh; current liabilities Rs 47.83 lakh.
• Ending cash Rs 19.38 lakh; net financing inflow Rs 17.05 lakh.
• Remuneration to KMP: Vikky Rs 0.50 lakh; Labdhi Rs 3.60 lakh; Nikitha Rs 1.00 lakh.

CSR, compliance and people

• CSR not applicable; no CSR committee.
• ICC and maternity compliance; no sexual harassment complaints.
• Three employees; remuneration data disclosed for KMPs.

Outlook and risks

• Outlook: consolidate iron trading; expand object to plastics and metals.
• Risks: commodity price volatility; working capital dependence; competition.

AGM details

• 46th AGM scheduled for 29 September 2026 at 5:00 PM IST via VC/OAVM.

Appointments/Resignations

• Recommend regularisation of Shir Sagar Pandey as Non-Executive, Non-Independent Additional Director.

MOA Changes

• Alter MOA Object Clause, subject to member approval.

AGM Planning

• Schedule 46th AGM on 29 September 2026; notice to be circulated.

Governance / Scrutinizer

• Appointed Mrs. Prity Bishwakarma as AGM Scrutinizer for e-voting.