Baroda Extrusion Limited filed its 35th Annual General Meeting (AGM) notice and annual report for FY26 on September 1, 2026. The meeting is scheduled for September 24, 2026, at 11:00 am via Video Conference or Other Audio-Visual Means (OAVM).

The company has dispatched the notice to shareholders, enabling remote e-voting through 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 registered as on the cut-off date of September 17, 2026, are eligible to vote.

Key Agenda Items

The AGM will transact several ordinary and special business items:

• Re-appointment of Director: Shareholders will vote on the re-appointment of Mr. Alpesh Kanugo (DIN: 02501280) as a Director, who retires by rotation. He seeks re-appointment as Chairman and Managing Director for a term of five years effective from May 29, 2026.
• Appointment of Executive Director: The meeting will approve the appointment of Mrs. Meera Kanugo (DIN: 05354078) as Whole-Time Director designated as Executive Director for five years, effective August 12, 2026. Her monthly salary is set at ₹1,50,000.
• Cost Auditor Ratification: The remuneration of M/s. Divyesh Vagadiya & Associates for conducting the cost audit for FY27 will be ratified. The proposed fee is ₹57,000 plus applicable taxes and out-of-pocket expenses.
• Independent Director Appointment: A special resolution will be passed to appoint Mr. Nilesh Shah (DIN: 11763708) as an Independent Director for five years, effective May 29, 2026.
• Borrowing Limits: A special resolution under Section 180(1)(c) of the Companies Act, 2013, seeks approval to borrow up to ₹200 crore, exceeding the aggregate of paid-up share capital and free reserves.

Financial Performance Overview

For FY26, Baroda Extrusion reported revenue from operations of ₹18,251.12 lakh, an increase from ₹15,905.39 lakh in FY25. Profit before tax stood at ₹981.13 lakh compared to ₹2,192.06 lakh in the previous year, which included exceptional income of ₹1,883.94 lakh from debt settlement. Net profit for FY26 was ₹733.43 lakh.

The company did not declare any dividend for FY26. The Board noted that no dividend is payable per share for this period. The company’s total equity increased to ₹2,493.95 lakh from negative equity of ₹(1,970.34) lakh in FY25, driven by a preferential allotment of 4,53,33,316 equity shares at ₹8.25 per share during the year.

Meeting Details

Shareholders may contact Ms. Vaishali Joshi, Company Secretary, at +91 9016203113 or email cs@barodaextrusion.com for queries regarding e-voting. The AGM notice and annual report are available on the company website www.barodaextrusion.com and the NSDL e-voting platform.

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