Bothra Metals & Alloys Limited has set September 23, 2026 as the record date for shareholders eligible to attend its 25th Annual General Meeting.

The meeting will convene on September 30, 2026, at 11:00 am at the company's registered office in Mumbai. The primary agenda includes the adoption of audited financial statements for FY26 and the re-appointment of Managing Director Sunderlal L. Bothra.

Meeting Details

The notice was issued pursuant to Regulations 30 and 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting will be held physically at Room No. 15, 3rd Floor, 5 Bothra House, Assembly Lane, D.S.A. Lane, Mumbai.

Voting will be conducted by poll. No remote e-voting facility is proposed. The register of members and share transfer books will remain closed from September 23, 2026, to September 29, 2026.

Director Re-Appointment

Mr. Sunderlal L. Bothra (DIN: 00737982) has offered himself for re-appointment as a director liable to retire by rotation. He has served on the board since November 9, 2001.

He holds over three decades of experience in the metals and non-ferrous metal industry. He is the brother of Mr. Kishanlal L. Bothra. None of the other directors or key managerial personnel have a financial interest in this resolution beyond their shareholding.

Bothra Metals & Alloys reported a 6.2% rise in revenue from operations to ₹2,744.16 lakh for the fiscal year ended March 31, 2026 (FY26). Despite the top-line growth, net profit after tax (PAT) declined by 23.5% to ₹27.30 lakh, compared with ₹35.71 lakh in FY25.

The company’s total revenue reached ₹2,752.17 lakh, driven primarily by sustained demand in aluminium scrap trading. However, higher material costs and operating expenses pressured margins, leading to a contraction in profitability despite disciplined financial cost management.

Financial Performance

Revenue from operations grew to ₹2,744.16 lakh from ₹2,583.50 lakh in the previous fiscal year. Total revenue, including other income of ₹8.01 lakh, stood at ₹2,752.17 lakh.

Profit before tax (PBT) fell to ₹30.05 lakh from ₹45.71 lakh in FY25. After accounting for deferred tax expenses of ₹2.75 lakh, PAT settled at ₹27.30 lakh. Earnings per share (EPS) decreased to ₹0.15 from ₹0.19 in the prior year.

Cost Dynamics and Operational Efficiency

Cost of materials consumed rose to ₹2,562.59 lakh from ₹2,385.98 lakh in FY25, reflecting increased procurement volumes. Employee benefit expenses increased slightly to ₹27.36 lakh from ₹25.30 lakh.

Financial costs declined by 10.5% to ₹60.57 lakh from ₹67.68 lakh, attributed to proactive working capital management. Other operating expenses rose to ₹48.85 lakh from ₹44.31 lakh, partly due to higher freight outward charges and foreign exchange fluctuation losses.

What the Numbers Show

The divergence between revenue growth and profit decline highlights margin compression. While top-line expanded by 6.2%, PBT contracted by 34.3%. This indicates that the increase in revenue was not sufficient to offset the proportional rise in material costs and other operating expenses, resulting in lower operational efficiency relative to the prior year.

Balance Sheet and Cash Flow

Short-term borrowings remained stable at ₹1,158.93 lakh, compared with ₹1,146.68 lakh in FY25. Trade receivables increased significantly to ₹2,606.10 lakh from ₹2,272.79 lakh, suggesting extended credit periods or slower collection cycles. Cash and cash equivalents improved to ₹63.43 lakh from ₹7.85 lakh, supported by net cash inflows from operating activities of ₹157.95 lakh.

Corporate Actions and Governance

The Board of Directors decided not to recommend any dividend for FY26, opting to conserve resources for future growth initiatives. The company will hold its 25th Annual General Meeting on September 30, 2026, at its registered office in Mumbai. Key agenda items include the adoption of audited financial statements and the re-appointment of Managing Director Sunderlal Bothra.

The secretarial audit report noted a compliance gap regarding the maintenance of the Structured Digital Database under SEBI’s insider trading regulations. Additionally, the gap between two consecutive board meetings exceeded 120 days, violating Section 173(1) of the Companies Act, 2013.