Auto Pins (India) Limited concluded its 51st Annual General Meeting on September 28, 2026, with the Managing Director acknowledging a decrease in turnover for the fiscal year ended March 31, 2026. The company attributed this decline to prevailing market challenges while outlining strategic measures to navigate the current phase.

The meeting, held at the registered office in New Delhi, saw the adoption of standalone audited financial statements for FY26. Members also approved the re-appointment of Rajbir Singh as a Director retiring by rotation. The proceedings were conducted in compliance with Section 108 of the Companies Act, 2013, utilizing remote e-voting facilities provided by the company.

Auditor's Report and Secretarial Compliance

The Chairman addressed the members regarding the qualification present in the Auditor's Report for FY26. He provided necessary clarifications and justifications for the qualification. It was noted that the Secretarial Audit Report did not contain any qualifications or reservations. The Statutory Auditor, M/s Sanjay Rawal & Co., Chartered Accountants, attended the meeting alongside the Secretarial Auditor, M/s Parveen Rastogi & Co.

Key Resolutions Passed

The following ordinary business items were transacted during the meeting:

The scrutinizer, Parveen Rastogi, was tasked with consolidating results from remote e-voting and ballot voting at the venue. The final voting report is scheduled to be submitted within 48 hours of the meeting's conclusion and will be notified to stock exchanges and uploaded on the company website.

Attendance and Governance

A total of 54 members were present in person at the AGM. The Board of Directors represented included:

• Rajbir Singh, Managing Director
• Subhash Jain, Director
• Joginder Singh, Independent Director
• Priyanka Pathak, Independent Director

Key management personnel in attendance included Amit Chauhan, Chief Financial Officer, and Somya Chaurasia, Company Secretary & Compliance Officer. The meeting commenced at 12:30 pm and concluded at 1:20 pm.

Auto Pins (India) Limited reported a net profit of ₹27.16 lakh for the financial year ended March 31, 2026 (FY26), down from ₹33.29 lakh in FY25. Total income declined 19.8% to ₹3,737.01 lakh, reflecting softer demand in the original equipment manufacturer segment.

The company has scheduled its 51st Annual General Meeting for Monday, September 28, 2026. The meeting will be held at Premise No. 40, 1st Floor, India Mall, New Friends Colony, New Delhi at 12:30 pm.

Financial Performance

Revenue from operations stood at ₹3,710.51 lakh in FY26, compared to ₹4,642.78 lakh in the previous year. The decline was primarily driven by a sharp drop in domestic OEM sales, which fell to ₹778.44 lakh from ₹2,222.10 lakh in FY25. Conversely, aftermarket sales in India grew to ₹2,871.51 lakh from ₹2,315.59 lakh.

Total expenses decreased to ₹3,700.54 lakh from ₹4,615.51 lakh. Cost of raw materials consumed fell significantly to ₹2,474.30 lakh from ₹3,250.57 lakh. Employee benefits expense dropped to ₹270.97 lakh from ₹346.49 lakh.

What the Numbers Show

While top-line revenue contracted nearly 20%, the company maintained a stable net profit margin of approximately 0.73% in FY26, compared to 0.71% in FY25. This indicates that cost reductions, particularly in raw material consumption and employee benefits, largely offset the revenue decline, preserving profitability despite weaker OEM demand.

AGM Details and Voting

The ordinary business for the AGM includes considering and adopting the standalone audited financial statements for FY26. Shareholders will also vote on the re-appointment of Mr. Rajbir Singh as a director, who retires by rotation.

Remote e-voting facilities are available through National Securities Depository Limited (NSDL). The e-voting period begins on Friday, September 25, 2026, at 9:00 am and ends on Sunday, September 27, 2026, at 5:00 pm. The company confirmed on September 4, 2026, that the Annual Report and AGM notice have been dispatched to registered email IDs of members. A web-link to the Annual Report was sent to members who have not registered their email addresses.

Key Dates

The register of members and share transfer books will remain closed from Tuesday, September 22, 2026, to Monday, September 28, 2026. Only shareholders on record as of September 21, 2026, are eligible to vote.

Director Profile

Mr. Rajbir Singh, who seeks re-appointment, holds 838,928 equity shares in the company. He has served on the board since August 10, 1989, and attended all 10 board meetings during the financial year. His last drawn salary was ₹3.5 lakh per month.