Vaswani Industries Ltd

Issue details

• Purpose: issue equity shares to promoters on a preferential basis.
• Securities: 16,45,000 equity shares of Rs 10 face value.
• Issue price: not less than Rs 60 per share (including premium).
• Aggregate size: Rs 9.87 crore at Rs 60 per share.
• Allottee category: Promoters; number of shares: 16,45,000.
• Approvals: in-principle approvals granted by BSE and NSE.
• Subject to listing application and regulatory clearances.
• Regulatory note: monitoring of allottee trades urged; undertakings advised.
• Date of approvals: 12 October 2026.
• Nature of consideration: cash.

AGM Details

• Date: 30 September 2026; meeting ran 3:45 PM to 4:06 PM.
• Mode: VC/OAVM facility.
• Quorum: 51 members via VC/OAVM.
• Remote e-voting 25-29 Sep; InstaPoll window 15 minutes.
• Scrutinizer appointed; results to be announced.

Key Resolutions

• Ordinary: Adopt Audited Standalone Financial Statements for year ended 31 March 2026.
• Ordinary: Reappointment by rotation of Mr. Pawan Kumar Jha.
• Special: Ratify remuneration of Cost Auditors for 2026-27.
• Special: Approve material Related Party Transaction with Kwality Foundry Industries.

Voting Status

• Item 1: Voting results pending Scrutinizer's report.
• Item 2: Voting results pending Scrutinizer's report.
• Item 3: Voting results pending Scrutinizer's report.
• Item 4: Voting results pending Scrutinizer's report.

Vaswani Industries Ltd: Trading window closed from October 1, 2026 until 48 hours after the declaration of the Unaudited Financial Results for the quarter ended September 30, 2026

Financial performance

• Revenue from operations: 46,737.09 lakh; up 13.54% YoY.
• Total income from operations: 46,819.90 lakh; higher than prior year.
• EBITDA: 4,094.23 lakh; improved from 2,908.59.
• PAT: 424.35 lakh; lower due to higher taxes.
• EPS: 1.31; down from 2.81.
• Dividend not recommended for FY2025-26.
• Share capital rose to Rs 32.95 crore via promoter issue.
• Total comprehensive income: 461.54 lakh.

Capacity & production

• Billet capacity expanded to 150,000 MT p.a. in June 2025.
• Sponge iron production: 90,659.21 MT; util. 100.73%.
• Billet production: 77,099.88 MT; util. 51.40%.
• Total installed capacity: 240,000 MT (90k sponge, 150k billet).
• Total production: 1,67,759.092 MT (Sponge 90,659.21; Billet 77,099.88).
• CTO received for expanded billet facility; commercial production began mid-2025.
• Upgrades enable higher-grade steel production and efficiency gains.

Renewable energy & sustainability

• Solar capacity: 66.25 MWp; fully commissioned by Dec 2025.
• Solar generation: 48,268,355 units in FY2025-26; 8,639,409 units in FY2024-25.
• Renewables strengthen energy security and cost efficiency.

Capital structure & liquidity

• Total borrowings (non-current + current) ~ 27,698.83 lakh.
• Debt/equity ratio: 1.85; DSCR: 6.60; current ratio: 1.37.
• No public deposits; 100% equity in demat form.
• Credit rating: Acuité BBB; short-term A3+ on bank facilities.

Capital actions & shareholding

• Promoters hold about 62% of equity; public ~26-27%.
• Equity capital after issue: Rs 32.946 crore; 3.2946 crore shares.
• Promoter preferential issue: 16.0 lakh shares at Rs 50 each (FY2025-26).
• 100% equity in demat form; ISIN INE590L01019.
• Top holders: Ravi Vaswani ~26.94%; Sudha ~12.49%; Yashwant ~10.05%; Manisha ~7.05%.

Governance & risk management

• Board: seven directors; four independent; one Whole-Time Director; 14 meetings.
• Audit Committee: three members; seven meetings; chair Rituraj Peswani.
• Secretarial audit notes website upgrades and Q3 results delay; actions underway.
• Risk management policy adopted; Vigil mechanism in place.

CSR & ESG

• CSR obligation: avg net profit Rs 12.08 crore; 2% equals Rs 24.16 lakh.
• Actual CSR spend: Rs 25.00 lakh; excess Rs 0.437 lakh for carry-forward.
• CSR focus: education, rural empowerment, healthcare, sports, culture.

AGM date and report circulation

• Approved 23rd AGM on 30 Sep 2026 via VC/OAVM; Annual Report ending 31 Mar 2026 to be circulated.

Standalone results

• Board approved unaudited standalone results for quarter ended 30-Jun-2026; limited review completed.
• Revenue from operations: ₹61.65 Lakhs; Other income: ₹11,840.48 Lakhs.
• Total income from operations and other income combined: ₹11,902.13 Lakhs.
• Profit before tax: ₹453.68 Lakhs; Tax expense: ₹337.20 Lakhs.
• Profit after tax: ₹116.48 Lakhs; EPS Basic: ₹0.35.
• Iron & Steel net sales: ₹10,997.38 Lakhs; Power net sales: ₹843.10 Lakhs.
• Iron & Steel segment profit: ₹809.85 Lakhs; Power segment profit: ₹260.32 Lakhs.
• Total assets: ₹53,585.10 Lakhs; Equity/Capital Employed: ₹17,519.32 Lakhs.
• Results reviewed by Audit Committee; limited review by auditors.

Board meeting rescheduled

• Board meeting adjourned due to want of quorum and rescheduled to August 14, 2026.
• Original date of the board meeting was August 13, 2026.
• Agenda remains to approve the unaudited standalone financial results for the quarter ended June 30, 2026.
• Trading window shall remain closed for 48 hours after declaration of the financial results.
• Earlier intimation incorrectly mentioned February 14, 2026 as the adjourned date; corrected to August 14, 2026.
• All other contents of the earlier intimation remain unchanged.

Rescheduled board meeting

• Reason: adjourned due to want of quorum.
• New date: February 14, 2026.
• Original date scheduled: August 13, 2026.
• Agenda: to consider and approve unaudited standalone results for quarter ended June 30, 2026.
• Trading window remains closed until 48 hours after results declaration.