Baroda Extrusion Limited has announced the record date for its Annual General Meeting (AGM) scheduled for September 24, 2026. The company confirmed that shareholders registered on this date will be eligible to participate in the meeting.

The book closure period begins on September 18, 2026 and ends on September 24, 2026. During this window, no transfers or other dealings in securities will be processed.

Meeting Details

The AGM will be held at the company’s registered office in Vadodara, Gujarat. The meeting is scheduled to commence at 11:00 am on September 24, 2026. It will be conducted through Video Conference or Other Audio-Visual Means (OAVM), allowing remote participation for shareholders.

E-Voting Facilities

Baroda Extrusion has enabled remote e-voting for shareholders through an agreement with National Securities Depository Limited (NSDL). The e-voting window opens on September 21, 2026 at 9:00 am and closes on September 23, 2026 at 5:00 pm.

Shareholders must be recorded in the register of members or depository records as on the cut-off date of September 17, 2026 to avail this facility. While members can vote remotely and still attend the meeting, they cannot vote again if they have already cast their ballot via e-voting.

The notice for the AGM is available on the company website www.barodaextrusion.com and the NSDL e-voting platform www.evoting.nsdl.com .

Dividend Status

The company disclosed that no dividend is payable per share for this period. The dividend payable per share is listed as NIL.

Baroda Extrusion Limited's Board of Directors approved the unaudited financial results for the quarter ended June 30, 2026, at its meeting held on August 12, 2026. The copper tubes and bars manufacturer reported a sharp improvement in profitability, with net profit jumping to ₹264.00 lakh from ₹88.18 lakh in the corresponding quarter of FY26. Revenue from operations grew to ₹4,790.51 lakh, up from ₹3,805.93 lakh in Q1FY26. EBITDA rose to ₹3.68 crore from ₹1.08 crore in the prior year period, reflecting an expansion in EBITDA margin to 7.7% from 2.86%.

Q1FY27 Financial Performance

The company recorded total income of ₹4,790.66 lakh against total expenses of ₹4,440.49 lakh. Profit before tax stood at ₹350.17 lakh, compared to ₹88.18 lakh in the prior year quarter. After accounting for current tax of ₹58.95 lakh and deferred tax of ₹27.22 lakh, the profit after tax reached ₹264.00 lakh. Basic and diluted earnings per share (EPS) were ₹0.14, up from ₹0.06 in Q1FY26.

The following table presents a summary of key financial metrics across reported periods (figures in lakhs):

Key Expense Breakdown

Cost of materials consumed was the largest expense component at ₹4,619.78 lakh. The company saw a positive change in inventories of (₹444.98) lakh. Other significant expenses included purchase of stock in trade at ₹72.94 lakh and other expenses at ₹134.58 lakh. Employee benefits expense stood at ₹39.71 lakh, while finance costs were ₹13.83 lakh. Depreciation and amortisation amounted to ₹4.63 lakh.

Paid-up equity share capital as of June 30, 2026, stood at ₹1,943.82 lakh (face value of ₹1/- each).

Strategic Outlook and Expansion Plans

During the General Investor Meeting held on August 13, 2026, Managing Director Alpesh Kanugo highlighted that the company is virtually debt-free with a positive net worth. He noted that Baroda Extrusion has strengthened its financial position over the last two years after emerging from previous debt pressures. The company currently holds an order book of ₹20 crore as on July 31, 2026, which is expected to convert into approved sales.

Management is planning a capital expenditure of ₹25-30 crore to install a heavy capacity hydraulic extrusion press. This investment aims to increase monthly production capacity to over 500 tons, potentially doubling current output levels. The new machinery will enable the manufacturing of a wider range of copper and copper alloy products, including heavy sizes for defense and power sectors. Kanugo stated that the company targets reaching ₹1,000 crore in revenue within three to five years, leveraging its existing customer base of over 700 clients and strong relationships in the electrical and power industry ecosystem.

Board Approvals and Corporate Developments

Beyond financial results, the board approved several corporate actions:

• Appointment of Whole-time Director: Mrs. Meera Kanugo was appointed as Whole-time Director for a tenure of five consecutive years commencing from August 12, 2026, subject to shareholder approval. She is liable to retire by rotation and is the spouse of Managing Director Alpesh Kanugo.
• Cost Auditor Appointment: M/s Divyesh Vagadiya & Associates, Cost Accountants, Vadodara (Firm Registration No. 102628), was appointed to audit cost records for FY27.
• 35th Annual General Meeting: Fixed for Thursday, September 24, 2026, at the registered office.
• Directors' Report: Approved along with Annexures and the 35th AGM Notice.

Profile of Newly Appointed Whole-time Director

Mrs. Meera Kanugo brings over a decade of experience in the copper tube industry. She has played a significant role in strengthening business relationships and establishing alliances with key industry stakeholders, contributing to technological capabilities and operational efficiency.

Auditor's Review

The unaudited financial results were reviewed by statutory auditors Maloo Bhatt & Co., Chartered Accountants (FRN No. 129572W). Partner Yash Bhatt (Membership No. 117745) stated that nothing came to their attention indicating any material misstatement in the Statement, prepared in accordance with Indian Accounting Standard 34 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE927K01023/14a5e262-b56b-406e-b4e3-173fa9153e6d.pdf