SRU Steels Ltd

AGM highlights

• 31st AGM held 30 Sep 2026 via VC/OAVM at the registered office.
• Resolutions: adopt FY2025-26 financials; re-appoint Anand Singh; appoint statutory auditor and fix remuneration.
• Record date 23 Sep 2026; total shareholders 21,089.
• Scrutinizer appointed; results to be disclosed by 2 Oct 2026.

AGM Details

• Date and time: 30 September 2026, 4:00 PM to 4:19 PM.
• Mode: VC/OAVM at registered office.
• Meeting concluded at 4:19 PM.

Key Resolutions

• Resolution 1: Adopt audited financial statements for year ended 31 March 2026; passed with requisite majority.
• Resolution 2: Re-appointment of Anand Singh as director by rotation; passed with requisite majority.
• Resolution 3: Appointment of M/s Bihari Shah & Co as statutory auditor; remuneration to be fixed; passed.

Voting Results

• All resolutions passed with requisite majority.

SRU STEELS LIMITED — Trading Window Closure from October 01, 2026 till the expiry of 48 hours after the declaration of Unaudited Standalone Financial Results and Financial Statements for the 2nd Quarter and Half year ended 30 September 2026 become generally available information

Financial snapshot

• Revenue from operations: ₹304,046k for year ended 31 Mar 2026.
• Total income: ₹306,170k (incl. ₹2,124k other income).
• Net loss after tax: ₹7,194k; total comprehensive loss: ₹12,332k.
• Basic EPS: ₹-0.12; Diluted EPS: ₹-0.12.
• No final dividend declared for year ended 31 Mar 2026.
• Net debt: ₹273,714k; gearing: 31.99%.
• Cash and cash equivalents: ₹1,547k.
• Total assets: ₹721,027k; equity: ₹581,851k.

YoY revenue & profit trends

• Revenue from operations rose from ₹253,437k to ₹304,046k.
• Net loss widened from ₹4,588k to ₹7,194k.
• Total income increased from ₹256,079k to ₹306,170k.

Balance sheet & liquidity

• Current assets ₹696,765k; current liabilities ₹137,277k.
• Inventory ₹118,810k; trade receivables ₹178,556k.
• Equity ₹581,851k; total assets ₹721,027k.
• Net debt ₹273,714k; gearing 31.99%.
• Cash and cash equivalents ₹1,547k.

Auditors & governance

• BMGS & Associates resigned 26 Aug 2026; Bihari Shah & Co appointed 31 Aug 2026.
• Auditor's report: qualified due to inventory scope limitation and Ind AS departures.
• Secretarial audit penalties: ₹29,500 for late financial results filing.
• Board: 4 directors; 2 independent; MD Akhil Arora appointed 29 Oct 2025.

Remuneration & governance changes

• Directors' remuneration totaled ₹595k; major portion ₹385k to Dharmik Atulbhai Rojasara.
• Remuneration policy: compliant; no stock options for non-exec/independent directors.
• New governance appointments: MD/CFO Akhil Arora appointed 13-11-2025; Meenu Jain & Naveen Sharma joined Oct 2025; Anand Singh joined 29-10-2025.

Operations & segment

• Single reportable segment: Trading of stainless steels.
• Geographic focus: Gujarat and Delhi.
• Management outlook: steel demand aided by government policies and modernization.

Outlook & industry context

• Indian steel sector: growth potential with 300 MTPA target by 2030.
• Government incentives (PLI, Green Steel) to drive capacity and value-addition.
• Industries like construction, infra, and manufacturing supporting steel demand.

E-voting for AGM

• E-voting via CDSL available for the 31st AGM on 30 September 2026.
• Cut-off date for e-voting: 23 September 2026.
• Voting starts 27 September 2026 and ends 29 September 2026.
• Scrutinizer: CS Vishakha Agrawal.
• Platform provider: CDSL.

Book Closure and AGM Details

• Book closure period: 24 September 2026 to 30 September 2026, both inclusive.
• Purpose: Annual book closure for the 31st Annual General Meeting.
• Security: Equity shares.
• AGM date and mode: 30 September 2026 at 4:00 PM via video conferencing.

AGM Details

• Date and time: 30 September 2026 at 4:00 PM IST.
• Mode: VC/OAVM.
• Deemed venue: Registered Office.
• Record date for e-voting: 23 September 2026.

Resolutions proposed

• Ordinary: adopt audited financial statements and board/auditors' reports for FY ended 31 March 2026.
• Ordinary: re-appoint Mr. Anand Singh as director, liable to retire by rotation.
• Ordinary: appoint M/s Bihari Shah & Co. as statutory auditors for five-year term, with board-approved remuneration.

Voting status

• Voting results not disclosed in filing.

Director changes

• Director Anand Singh, Non-Executive Non-Independent, to be re-appointed; first appointed 29/10/2025; to retire by rotation.

Auditor appointments

• Statutory Auditor: M/s Bihari Shah & Co. appointed for five years.
• Remuneration to be decided by the Board in consultation with the Auditor.
• Term: from conclusion of 31st AGM to conclusion of 36th AGM (FY 2030-31).

Related party transactions

• No material related party transactions disclosed in the Notice.