Ashoka Metcast Limited has announced the resignation of its Chief Financial Officer, Mr. Harshil Nilesh Vyas, effective May 16, 2026. The company disclosed this development to BSE Limited and the National Stock Exchange of India Limited in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

Mr. Harshil Nilesh Vyas submitted his resignation letter dated May 16, 2026, citing personal reasons for his departure from the role of Chief Financial Officer. The company confirmed receipt of the resignation and stated that there are no other material reasons for the resignation beyond those cited by Mr. Vyas.

The key details of the resignation, as disclosed under Regulation 30 read with Schedule III of the SEBI Listing Regulations, are summarised below:

Company Communication

The disclosure was signed by Mr. Ashok Shah, Managing Director of Ashoka Metcast Limited (DIN: 02467830), on behalf of the company. In his resignation letter addressed to the Board of Directors, Mr. Vyas expressed gratitude to the Board members for their support and cooperation during his association with the company. He also requested the company to complete all requisite formalities, including filing of required forms with the Ministry of Corporate Affairs and intimating other relevant authorities as necessary.

Ashoka Metcast Limited is registered at 7th Floor, Ashoka Chambers, Opp. HCG Hospital, Mithakhali Six Roads, Mithakhali, Ahmedabad – 380 006, Gujarat, India (CIN: L46620GJ2009PLC057642).

Ashoka Metcast Limited published the advertisement of audited standalone and consolidated financial results for the quarter and year ended 31st March, 2026 under Regulation 47(1)(b) and 47(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The advertisement was published on 3rd May, 2026 in one English daily newspaper and one daily newspaper in the regional language where the company's registered office is situated. The Board of Directors had approved and taken on record these audited financial results in their meeting held on Saturday, 2nd May, 2026, with the results signed off by Managing Director Ashok Shah (DIN: 02467830).

Board Meeting Details

The Board meeting was conducted on 2nd May, 2026, where the directors approved the audited financial results along with the audit report in terms of Regulation 33 of SEBI (LODR) Regulations, 2015. The statutory auditors GMCA & Co. issued an unmodified opinion on both standalone and consolidated financial statements. The results are available on the websites of BSE Limited at www.bseindia.com , National Stock Exchange of India Limited at www.nseindia.com , and the company's website at www.ashokametcast.in .

Consolidated Financial Performance

The company delivered robust consolidated performance for FY26, demonstrating significant growth in profitability despite a decline in revenue from operations.

The consolidated net profit for FY26 reached ₹1079.98 lakh, marking a substantial 47.17% increase from ₹733.92 lakh in the previous year. Total comprehensive income surged by 106.18% to ₹1513.21 lakh, driven by other comprehensive income of ₹433.23 lakh during the year.

Standalone Financial Results

The standalone operations showed mixed performance with significant revenue growth but lower profitability compared to the previous year.

Standalone revenue from operations grew significantly by 81.42% to ₹326.18 lakh from ₹179.78 lakh in FY25. However, net profit declined to ₹50.20 lakh from ₹239.01 lakh in the previous year, primarily due to lower other income which decreased from ₹299.97 lakh to ₹110.31 lakh.

Regulatory Compliance

The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013, and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has complied with Regulation 47 requirements by publishing the advertisement of audited financial results in newspapers as mandated. The consolidated balance sheet reflected substantial growth in total assets, which increased to ₹20,838.14 lakh as of March 31, 2026, from ₹14,285.81 lakh in the previous year.