Sharvaya Metals Ltd

Sharvaya Metals Ltd trading window closed from Thursday, October 1, 2026, until the expiry of 48 hours after the declaration of the Unaudited Financial Results of the Company for the half year ended September 30, 2026

No AGM resolutions or outcomes disclosed in the provided Sharvaya Metals chunk

AGM Details

• Date and time: 24 September 2026, 12:30 IST.
• Mode: VC/OAVM.
• Quorum attended via VC/OAVM; 12 members present including proxies.
• Remote e-voting facility provided; e-voting open around the AGM period.
• Meeting concluded at 12:55 IST.

Key Resolutions

• Receive, consider and adopt financial statements for year ended 31 Mar 2026.
• Appointment of director liable to retire by rotation; chair abstained due to interest.
• Appointment of Statutory Auditors; audited Balance Sheet and P&L for year ended 31 Mar 2026.
• Ratify remuneration of Cost Auditor for FY 2026-27.

Voting Results

• Resolution 1 outcome: Not disclosed in the provided excerpt.
• Resolution 2 outcome: Not disclosed.
• Resolution 3 outcome: Not disclosed.
• Resolution 4 outcome: Not disclosed.
• Overall results: Not disclosed.

Governance Note

• Chairman & Managing Director presided; director on rotation item abstained from proceedings.

AGM notice and voting schedule

• Notice of AGM and FY2025-26 annual report sent to members with registered emails.
• Unregistered email holders can access notice and annual report via provided links.
• Cut-off date to vote on AGM resolutions: 18 September 2026.
• e-Voting ends: 23 September 2026 at 5:00 PM IST.
• AGM date: 24 September 2026, at 12:30 PM IST.
• Notice accessible via company website and BSE platform.
• Shareholders may update email or communication details with the Registrar.

Financial highlights

• Revenue from operations rose to 22,983.11 Lakhs.
• Total income stood at 23,014.66 Lakhs.
• EBITDA was 18.26 Crore; PAT 11.67 Crore.
• PAT declined to 11.67 Cr from 12.52 Cr YoY.
• EPS (Basic & Diluted) 13.11.
• IPO listing on Sep 12, 2025.
• IPO size 58.80 Cr; listing price 219; listing gain 11.73%.
• Market cap at listing 208.67 Cr.
• Dividend not declared for FY2025-26.

Capital & ownership

• Equity share capital after IPO: 1,003.00 Lakhs.
• Shares outstanding post-IPO: 10,030,000.
• Promoter holding at 31-03-2026: 54.75% (down from 79.57%).
• IPO proceeds: 41.87 Cr raised; 22.04 Cr utilized; 19.83 Cr unutilized.
• Net cash from operating activities: -3,352.96 Lakhs.
• Net cash from financing activities: +3,830.56 Lakhs.
• Net increase in cash: +196.38 Lakhs.

Operations & capacity

• Integrated Ahilyanagar facility; developed 2xxx and 7xxx extrusions.
• Product portfolio includes EV battery housings, sheets, billets, slabs, circles, dies.
• Expansion to high-strength 2xxx and 7xxx extrusions.

Governance & AGM

• Board meetings totaled 17 in FY2025-26.
• Audit Committee has 3 members; six meetings.
• NRC has 4 members; one meeting.
• Statutory Auditor: Pukhraj & Associates; Secretarial Auditor: DMP & Associates.
• 12th AGM on Sep 24, 2026; VC/OAVM; cut-off Sep 18, 2026.
• e-voting window: remote Sep 21-23, 2026; AGM voting allowed.

Audits & internal controls

• Statutory auditors issued unmodified opinion.
• Secretarial audit flagged delays in e-forms; no adverse remarks.
• Internal controls adequate and operating effectively.

CSR & governance

• CSR obligation: 9.85 Lakhs; expenditure: 15.00 Lakhs.
• Excess spent: 5.15 Lakhs.
• Implemented via Radha Raman Vrudhseva Foundation.
• CSR committee not formed; board discharged CSR functions.
• Annexure III contains CSR details.

Industry outlook & risks

• IMF projects global growth at 3.1-3.2% for 2026-27.
• India GDP growth 7.6% FY25-26; 6.9% FY2026-27.
• Aluminium demand rising from EV and infrastructure.
• Strategy: invest in technology; expand growth segments.

AGM details

• 12th AGM on 24 September 2026 at 12:30 IST via VC/OAVM.
• Mode: VC/OAVM; deemed venue at registered office.
• Cut-off date to vote: 18 September 2026.
• Remote e-voting: 21–23 September 2026, 9:00 AM–5:00 PM IST.
• e-Voting facilitated by Bigshare Services Pvt. Ltd.
• Notice and Annual Report available on company site and stock exchanges.
• Members attend via VC/OAVM only; no physical attendance.

Key resolutions

• Adopt financial statements for FY 2025-26 (Ordinary).
• Re-appoint Shreyans Ravindra Katariya as Managing Director, liable to retire by rotation (Ordinary).
• Appoint M/s Pukhraj & Associates as Statutory Auditors until 2031 (Ordinary).
• Remuneration of Cost Auditor for FY2026-27 fixed at ₹30,000 (M/s Tejas Vijay More & Associates) (Ordinary).

IPO proceeds utilization

• Monitors utilization of IPO proceeds (net Rs 41.87 cr) for Sharvaya Metals, quarter ended 30 Jun 2026.
• IPO size Rs 58.80 crore; net proceeds Rs 41.87 crore after expenses.
• Deviations from objects: Nil; no material deviation observed.
• Government approvals obtained: Yes, including principal approval from BSE.
• Utilisation to date: Rs 40.04 crore; unutilised proceeds: Rs 8.96 crore.
• Unutilised funds: fixed deposits Rs 8.00 crore and cash Rs 0.96 crore.
• Implementation delay: No delay across items.
• Objects remain as per offer document; no changes.

Demat status

• All shares are in demat form; no rematerialisation requests were received.
• Regulation 74(5) not applicable as holdings are demat; no rematerialisation requests.