Chandni Machines Limited has scheduled its 10th Annual General Meeting (AGM) for Wednesday, September 30, 2026. The virtual meeting will convene at 3:00 pm via video conferencing or other audio-visual means.

The primary agenda includes seeking shareholder approval for the 1:10 sub-division of equity shares, previously approved by the Board on September 8, 2026. This corporate action aims to enhance liquidity and broaden the shareholder base by reducing the face value of each share from ₹10 to ₹1.

Share Split Details

The Board had earlier approved splitting each existing equity share with a face value of ₹10 into 10 equity shares with a face value of ₹1 each. The total paid-up capital remains unchanged at ₹7,03,83,330. Shareholders will vote on this proposal as an Ordinary Resolution during the AGM.

The record date for the split will be fixed after shareholder approval. The company expects to complete the process within two to three months of receiving such approval.

Director Appointments and Reappointments

The AGM will also address several director-related matters:

• Appointment of Independent Director: Shareholders will vote on the appointment of Kishor Babubhai Vaidya (DIN: 00780826) as an Independent Director for a first term of five years, commencing from September 30, 2026. He was initially appointed as an Additional Director on September 8, 2026.
• Reappointment of Independent Director: The reappointment of Richie Hiralal Amin (DIN: 02253316) for a second five-year term, effective from November 8, 2026, to November 7, 2031, will be considered.
• Retirement by Rotation: Amita Jayesh Mehta (DIN: 00193075), who retires by rotation, offers herself for re-appointment.

Other Business Items

The Board has proposed several other resolutions for shareholder consideration:

• Secretarial Auditor: Appointment of M/s. N.L. Bhatia & Associates as Secretarial Auditor for FY27 to FY31.
• Section 186 Limits: Approval for loans, inter-corporate deposits, guarantees, and acquisition of securities up to an aggregate limit of ₹30 crore, in excess of limits prescribed under Section 186 of the Companies Act, 2013.
• Utilization of Earmarked Funds: Authorization to temporarily deploy unutilised proceeds from a preferential issue via Inter-Corporate Deposits (ICDs) or loans, up to an aggregate amount of ₹11 crore outstanding at any point in time.
• MOA Alteration: Alteration of Clause V of the Memorandum of Association to reflect the change in authorized share capital structure post-split.

E-Voting and Meeting Logistics

Remote e-voting facilities are available from September 27, 2026, at 9:00 am to September 29, 2026, at 5:00 pm. The cut-off date for voting rights is September 23, 2026. M/s S P K G & Co. LLP has been appointed as the scrutinizer for the e-voting process.

KYC and Annual Report Access

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company is dispatching letters to shareholders without registered email IDs. These communications provide a web-link to access the Annual Report for FY25-26 via the company website.

Shareholders holding physical securities are reminded to update their KYC details as per SEBI Master Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2024/37 dated May 7, 2024. This includes recording PAN, address, mobile number, bank account details, specimen signature, and nomination choice. Failure to update these details may restrict payment eligibility to electronic modes only.

Chandni Machines has commenced implementation of its aluminium ingot manufacturing project at Kuvada GIDC, Rajkot. The company targets commercial production from October 1, 2026.

The initiative marks a strategic diversification into the non-ferrous metals value chain. Management has leased a 22,000 sq. ft. industrial facility and placed orders for machinery aggregating ₹150 lakh. Trial production is scheduled for September 2026, subject to regulatory approvals.

Project Execution Timeline

The company outlined specific milestones for the facility setup:

• Infrastructure: Leased factory building with existing electricity connection of approximately 37 KW.
• Machinery: Installation targeted for completion by September 20, 2026.
• Manpower: Engaged approximately 30 contractual workers; construction of quarters for 50 workers underway.
• Regulatory: Consent to Operate applied for; expected by September 10, 2026.

Revenue and Capacity Estimates

Upon stabilization, the facility aims to produce approximately 300 tonnes of aluminium ingots per month. Based on an indicative average realisation of ₹315 per kg, the project is expected to generate approximately ₹9.45 crore in monthly revenue.

These figures rely on current management assumptions regarding raw material costs and market conditions. Actual results may vary based on aluminium prices and operational efficiency.

Future Expansion Plans

Chandni Machines is evaluating a two-fold expansion of the proposed capacity by March 2027. This scaling depends on business performance, market demand, and resource availability. The expansion aims to strengthen manufacturing capabilities within the aluminium sector.

What the Numbers Show

The projected net profit of approximately ₹50 lakh per month represents roughly 5.3% of the estimated monthly revenue of ₹9.45 crore. This margin assumption is critical to the project's viability, as it relies heavily on the indicative realisation price of ₹315 per kg remaining stable against volatile aluminium market rates.