Valley Magnesite Company Ltd

Valley Magnesite Co. Ltd closes trading window from 1 October 2026; reopens after completion of 48 hours from the declaration of unaudited financial results for the quarter and half year ended 30 September 2026.

AGM Details

• Date of AGM: 21 September 2026.
• Mode: physical meeting with in-person attendance.
• Record date for voting entitlement: 14 September 2026.
• Attendance: 4 promoter-group and 42 public attendees present in person.

Resolutions put to vote

• Ordinary: Adopt audited financial statements and auditors’ report; passed with majority, 84.71% in favour.
• Ordinary: Re-appointment of Mr Gaurang Agarwalla on rotation; passed with requisite majority.

Director changes

• Re-appointment of director on rotation approved.

AGM details

• AGM held on 21 September 2026 at 3:00 PM, physical at registered office.
• E-voting facility extended; 17 Sept 2026 10:00 to 20 Sept 2026 17:00.
• Quorum declared; ballot proceedings to be conducted after meeting.

Ordinary business

• Ordinary Business: Adoption of audited Balance Sheet and financial statements for year ended 31 March 2026.
• Outcome of voting not reported in this excerpt.

Director disclosures

• Director Gaurang Agarwalla—appointment date 29 May 2017; BBA; NIL shares.

Auditors

• Statutory auditor: M/s A.K Meharia & Associates (Anil Kumar Meharia).
• Tenure and remuneration not disclosed.

AGM schedule and logistics

• Physical AGM to be held at the Kolkata address, 3:00 PM.
• Date not clearly stated; September 2026 indicated in notice.
• Venue: A-402 Mangalam, 24/26 Hemanta Basu Sarani, Kolkata-700001.
• E-voting via CDSL portal, window Sep 17–20, 2026.
• Cut-off date for e-voting entitlement: Sep 14, 2026.
• Book closure: Sep 14–20, 2026 (inclusive).
• Scrutinizer appointed: Anand Khandelia, Practising Company Secretary (FCS 5803).

Financials (Q1 FY2026, standalone)

• Total income for quarter ended June 30, 2026: 90.29 lakhs; revenue from operations nil.
• Profit before tax: 78.67 lakhs.
• Profit after tax: 58.55 lakhs.
• EPS (basic, diluted): 5.58.
• Board approved unaudited results; Limited Review completed.
• Single-segment company; no separate segment information.

Audit & reporting

• Independent auditor's review conducted by A.K. Meharia & Associates.
• Review report states no audit performed and no opinion expressed.
• Conclusion on the statement is not modified.
• Company has one reportable segment; segment information not required.
• Unaudited standalone results for quarter ended June 30, 2026.

Dematerialisation status

• Securities received for dematerialisation were confirmed to depositories (accepted/rejected).
• Dematerialised securities have been listed on the relevant stock exchanges.
• Certificates received for dematerialisation were mutilated and cancelled after verification.
• Depository name substituted as registered owner in the register within 15 days.

Non-convertible securities status

• No non-convertible securities were outstanding during the quarter.
• No payments of interest, dividend, or principal were due on non-convertible securities.
• No unpaid obligations on non-convertible securities at quarter-end.

Delisting from Calcutta Stock Exchange

• Board approved voluntary delisting of Valley Magnesite Co.L's equity shares from The Calcutta Stock Exchange.
• Rationale: negligible trading volume and to reduce administrative compliance costs.
• Shares will continue to be listed on BSE Limited; no exit offer required.
• Delisting application to CSE will be filed in due course.
• Board meeting held June 29, 2026, 10:30–11:00 AM.