Universal Autofoundry Ltd

AGM Details

• AGM held on 27 July 2026 at 11:00 IST via VC/OAVM.
• End time 11:57 AM IST.
• Record date: 20 July 2026.
• Total on-record shareholders: 5,550.
• Venue: Jaipur.

Key Resolutions and Outcomes

• Ordinary: Adopt Audited Financial Statements for FY2025-26; passed.
• Ordinary: Re-appoint Vikram Jain as Wholetime Director; passed.
• Ordinary: Re-appoint Statutory Auditors for second five-year term; passed.
• Ordinary: Ratify revised remuneration of Cost Auditor for FY2026-27; passed.
• Special: Approve Related Party Transaction under section 188; promoter group interested.
• Special: Increase Borrowing Limit of the Company; passed.
• Special: Increase limit for creation of Charges/Mortgages on assets; passed.

Scrutinizer Report

• Consolidated Scrutinizer's Report confirms all resolutions passed.

AGM Details

• 17th AGM held on 27 July 2026 at 11:00 AM via VC/OAVM.
• Remote e-voting ran 24–26 July 2026; cut-off date 20 July 2026.
• Meeting duration 11:00 AM to 11:42 AM (including e-voting).
• Chairman: Vimal Chand Jain; Company Secretary: Jayanti Jha Roda.

Key Resolutions

• Adopt Audited Financial Statements for FY ended 31 March 2026.
• To re-appoint Vikram Jain as Wholetime Director; retires by rotation.
• Re-appoint Statutory Auditors for second term of five years.
• Ratify revised remuneration of Cost Auditor for FY 2026-27.
• Approve Related Party Transactions under section 188.
• Increase Borrowing Limit of the Company.
• Increase limit for creation of charges on assets.

Voting status

• Voting results awaited; Scrutinizer's report to be disseminated.

Auditor notes

• Statutory Auditors' report had no qualifications.

Director changes

• Vikram Jain to be re-appointed as Wholetime Director.

Key board disclosures

• Approved unaudited standalone results for quarter ended 30 June 2026, with limited review.
• Noted related party transactions for quarter ended 30 June 2026.
• Taken on record internal audit report for quarter ended 30 June 2026.
• Trading window to open 48 hours after results declaration for insiders.
• Labour Codes implemented from 1 June 2026; no material impact on FY2027 statements.
• No investor complaints pending as of 30 June 2026.
• Results will be hosted on company website.

Meeting Details

• Date: 27 July 2026; Time: 04:00 PM IST; Venue: Registered Office, Jaipur.

Key Agenda Items

• To consider and approve unaudited quarterly results for quarter ended 30 June 2026, with Limited Review Report.
• Other relevant matters.

Other Notes

• Trading window remains closed until 48 hours after results announcement, up to 29 July 2026.

Dematerialisation/rematerialisation status

• No dematerialisation/rematerialisation requests were received during the reporting period.

Requests status

• RTA confirmed no dematerialisation/rematerialisation requests were received during April 01, 2026 to June 30, 2026.

Overview

• Universal Autofoundry manufactures CI and ductile iron castings.
• Three Rajasthan-based units with integrated casting and machining.
• Casting capacity 42,000 MT/year; weights 5-150 kg.
• Product range includes suspension brackets, housings, hubs, flywheels, drums.
• Domestic and export markets served; diversified customer base.
• Registered office in Jaipur; operations at Unit I (Jaipur) and Units II/III (Reengus).

Financial performance

• Total income 21,349.78 lakh; revenue from operations 21,009.28 lakh.
• PAT after tax: loss ₹334.39 lakh; total comprehensive loss ₹345.93 lakh.
• PBIT ₹1,130.78 lakh; depreciation ₹1,152.24 lakh; finance costs ₹432.44 lakh.
• Tax expense ₹119.52 lakh; EPS ₹-2.69.
• Debt-to-equity 0.87x; net debt ₹62.29 crore; equity ₹71.95 crore.
• Dividend: not proposed for FY2025-26.

Capacity & operations

• Unit I Jaipur capacity 10,000 MT/year.
• Unit II Reengus capacity 20,000 MT/year.
• Unit III Reengus capacity 12,000 MT/year.
• RHINO HPML line added; aluminum casting lines installed.
• Total casting capacity 42,000 MT/year.
• Captive solar: 3.60 MW PV plant operational since July 2025.
• Solar project pipeline: 6.5 MW/year; expected in year.

Capital structure & liquidity

• Total borrowings around ₹62.31 Cr; current ₹31.91 Cr; non-current ₹27.78 Cr.
• Net debt to equity 0.87x; cash and cash equivalents ₹0.01 Cr.
• Liquidity managed via forecast cash flows and bank facilities.
• Credit risk managed via expected credit loss model; provision ₹13.36 lakh.

Strategic developments & outlook

• Strategic focus on cost optimization, productivity, and value-added products.
• Diversification into broader domestic and export markets; broader customer base.
• Solar project CapEx ₹24.35 Cr; 10% own funds, 90% bank finance.
• Plan to significantly expand machining capacity by end FY26.

Governance & management

• Vimal Chand Jain appointed Chairman & Managing Director on 6 Aug 2025.
• Ullal Ravindra Bhat Independent Director tenure completed 28 Aug 2025.
• Jayanti Jha Roda appointed Company Secretary & Compliance Officer on 6 Aug 2025.
• Board: 6 independent directors; six Independent Directors at year-end.
• Independent Directors meeting held on 12 Feb 2026.

Related party transactions

• Promoter group related party transactions disclosed; balances include Precision Autocastings ₹4.53 Cr, KVG ₹5.21 Cr, Jain Autocastings ₹8.03 Cr, Unicast ₹2.07 Cr, Indian Metal Foundry Institute ₹1.86 Cr.
• Remuneration to Key Management Personnel disclosed; details in Annexures.
• Loans from related parties ₹246.73 lakh; subordinated to bank borrowings.

Shareholder information

• Equity shares outstanding: 12.4345 million.
• Promoter group holds substantial stake; shareholding category details disclosed in annual report.
• Market data: closing price ₹44.28 on 31 March 2026; market cap ₹55.06 Cr.