Shree Steel Wire Ropes Ltd

Overview

• No material resolutions, appointments, or statutory approvals disclosed in this chunk.

Key resolutions

• Adopt Audited Financial Statements for the financial year ended, with board and auditors' reports.
• Reappointment by rotation of Kirtee Anil Sajnani as Director.
• Appoint Statutory Auditors and fix remuneration.
• Appoint Secretarial Auditors and fix remuneration.
• Appoint Anil L. Sajnani as Managing Director.
• Approve Related Party Transactions for FY 2026-27.

Voting results

• All resolutions passed with majority in favour; no dissent recorded.
• Total turnout reflected moderate engagement; no opposition noted for key resolutions.

Director changes

• Kirtee Anil Sajnani reappointed as Director (retired by rotation).
• Anil L. Sajnani appointed as Managing Director.

Auditors

• Statutory Auditors appointed; remuneration to be fixed.
• Secretarial Auditors appointed; remuneration to be fixed.

Material related party transactions

• Related party transactions for FY 2026-27 approved; details not disclosed.

Book Closure

• No material dates or event specifics extractable from the provided chunk.

Financial performance

• Revenue from operations: 487.77 lakh in FY2025-26, down from 1,131.86 lakh.
• Total income: 511.58 lakh for the year.
• Profit before tax: loss of 51.13 lakh; profit after tax: loss of 62.06 lakh.
• Total comprehensive income: loss of 52.59 lakh.
• Earnings per share (basic): negative 1.87 Rs.
• YoY: net loss widened from 25.38 lakh to 62.06 lakh.
• Single segment focus: Steel wire ropes; major customers include railways and defence.

Dividend & capital allocation

• Dividend for FY2025-26 not recommended.
• Share capital unchanged at 33,11,490 shares; paid-up capital 329.88 lakh.
• No bonus issues or buybacks in the year.

Capital structure & liquidity

• Net debt at year-end: negative 24.75 lakh; gearing: negative 1.98%.
• Cash and cash equivalents: 78.75 lakh.
• Total equity: 1,276.24 lakh; paid-up equity: 329.88 lakh.
• No long-term borrowings outstanding.
• Current liabilities include trade payables 36.24 lakh and other current liabilities 15.76 lakh.

Governance & board changes

• Mr. Anil L. Sajnani appointed Managing Director for five years from 14 July 2026.
• Ms. Kirtee Anil Sajnani retires by rotation; eligible for reappointment.
• Rushabh Doshi appointed as Secretarial Auditor for five years (2025-30).
• Board met five times in FY2025-26.

Audit & internal controls

• Independent Auditor’s report: no qualifications; emphasis on MSME interest not booked.
• Internal control system deemed adequate; internal audit by Chandak Agarwal & Co.
• Accounting software (Tally) with audit trail; direct DB edits not enabled.
• Internal auditors appointed for 2026-27.

Related party transactions

• Related party: Bholenath Developers Private Limited.
• Approval sought for related party transactions up to ₹1 crore for FY2026-27.
• RPT policy disclosed on the company website.

Operations, risks & outlook

• Core business: steel wire ropes; defense and railways remain key customers.
• Outlook: demand supported by infrastructure, rail and defence sectors; exports pursued.
• Risks: supply chain disruptions, cheaper imports, raw material price volatility.
• Energy efficiency improvements via VFD machinery implemented.

CSR & compliance

• CSR activities not applicable due to losses.
• Company adheres to compliance and governance requirements; no significant CSR spend.

AGM Details

• Date and time: 18 September 2026, 9:30 AM; Place: Khopoli; Mode: physical AGM.
• Members' register and transfer books closed 12 Sep 2026 to 18 Aug 2026.

Key Resolutions

• Adopt audited financial statements for the year ending March 31, 2026.
• Reappoint Kirtee Anil Sajnani as director on rotation and for re-appointment.
• Reappoint Chandak Agarwal & Co as Statutory Auditors for three years; remuneration as mutually agreed.
• Approve Related Party Transactions with Bholenath Developers up to Rs.1 crore for FY 2026-27.
• Appoint Rushabh Doshi as Secretarial Auditor for five consecutive years (2025-2030).
• Appoint Anil L. Sajnani as Managing Director for five years from 14 July 2026.

Dividend

• Dividend: Board did not recommend any dividend for FY 2025-26.

Director Changes

• Kirtee Anil Sajnani retires by rotation; offers re-appointment.
• Anil L. Sajnani appointed Managing Director for five years.
• Ashish Sajnani resigned as MD on 13 July 2026.
• Niranjan Choudhary resigned as CFO on 31 July 2026.
• Anil L. Sajnani appointed MD from 14 July 2026.
• Jyoti Kashyap Padia appointed Company Secretary from 1 June 2026.

Auditor Appointments

• Statutory Auditors Chandak Agarwal & Co reappointed for 2025-2028.
• Secretarial Auditor Rushabh Doshi appointed for five years (2025-2030).

Related Party Transactions

• Material RPT with Bholenath Developers Private Limited up to Rs 1 crore for FY 2026-27.

Other Approvals

• No additional material approvals disclosed beyond listed resolutions.

Appointment

• Anil Sainani appointed Director (Managing Director), effective 14 July 2026; profile not provided.

Resignation: Whole Time Director

• Ramn aray agtdaddu Tiwari resigns as Whole Time Director, effective 13 July 2026, due to health and age.

Resignation: Chief Financial Officer

• CFO resigns; effective 31 July 2026.

Resignation: Managing Director

• Ashish Sajnani resigns as Managing Director, effective 14 July 2026, due to personal reasons.

Financial highlights

• Quarter ended 30 June 2026; Audit Committee reviewed, Board recorded on 13 July 2026.
• Revenue from operations Rs 487.77 lakh; Other income Rs 23.81 lakh; Total revenue Rs 511.58 lakh.
• Total expenses Rs 770.76 lakh.
• Paid-up equity share capital Rs 331.15 lakh.
• Engaged in manufacturing steel wire ropes and allied products per IND AS 108.
• Independent auditor's review states no audit performed and no opinion expressed.

Financial results and reporting

• Unaudited Q1 FY2027 results for quarter ended 30 June 2026 approved.
• Limited Review Report on Q1 results submitted by the statutory auditor.
• Board approved the Directors' Report for FY ended 31 March 2026.
• Results reviewed by Audit Committee and taken on record by Board.

Appointments and resignations

• Anil L. Sajnani appointed Additional Director and Managing Director; term until next AGM.
• Ashish Sajnani resigned as MD, effective 13 July 2026.
• Ramnarayan Tiwari resigned as Whole Time Director, effective 13 July 2026.
• Niranjan Choudhary resigned as CFO, effective 31 July 2026.
• Chandak Agarwal & Co appointed Statutory Auditors for 3 years, subject to AGM approval.

AGM schedule and notices

• 34th AGM fixed for 18 September 2026.
• Book Closure from 12 September to 15 September 2026 (inclusive).
• Notice for AGM to be issued to shareholders.

GST and regulatory actions

• GST enrollment authorized; Directors empowered to enrol the company on GST portal.
• Authorized to sign and submit GST filings and representations before GST authorities.