Crimson Metal Engineering Company Limited has declared non-applicability of related party transaction disclosures for the half year ended September 30, 2026. The company invoked an exemption under SEBI (LODR) Regulations, 2015, citing its capital and net worth status.

The filing, dated October 21, 2026, was submitted to BSE Limited. It references Regulation 23(9), which mandates standalone disclosure of related party transactions. However, the company stated it qualifies for relief under Regulation 15(2) due to its financial size.

Financial thresholds met

The exemption is based on the company's paid-up capital and net worth as on March 31, 2026. These figures fall within the prescribed limits for smaller entities exempt from certain continuous disclosure requirements.

Compliance undertaking

Crimson Metal Engineering provided a formal undertaking regarding future compliance. The company committed to adhering to the disclosure norms if it ceases to qualify for the exemption.

• If the regulation becomes applicable at a later date, the company will comply within six months from that date.
• The declaration was signed by Divya Arora, Company Secretary & Compliance Officer.

This move ensures regulatory alignment while reducing administrative burden for the period under review.

Crimson Metal Engineering Company Limited shareholders approved the appointment of Sanjay Kumar Sharma as Whole Time Director and the re-appointment of M/s OP Bagla & Co. LLP as statutory auditor during the company's 42nd Annual General Meeting (AGM) held on September 25, 2026. The scrutinizer’s report confirmed that all four ordinary resolutions passed with 100% of valid votes cast in favor.

Sharma’s appointment, effective from July 24, 2026, was ratified by members after initial board approval. The auditor re-appointment covers a second five-year term, extending their tenure until the conclusion of the 46th AGM in calendar year 2031.

Governance and AGM proceedings

The 42nd AGM was conducted via Video Conferencing and Other Audio-Visual Means. The meeting commenced at 11:35 am and concluded at 11:44 am. Vinay Kumar Goyal, Chairman and Managing Director, chaired the session. Sanjay Kumar, Independent Director and Chairman of the Audit, Nomination & Remuneration, and Stakeholders Relationship Committees, attended the meeting.

Key ordinary business items approved during the AGM included:

• Adoption of audited financial statements for FY26
• Re-appointment of Uma Rajaram as Director, retiring by rotation
• Appointment of Sanjay Kumar Sharma as Whole Time Director
• Re-appointment of OP Bagla & Co. LLP as statutory auditor

Remote e-voting facilities were available from September 22 to September 24, 2026. Results of the voting were disseminated to stock exchanges within 48 hours of the meeting's conclusion.

Director profile details

The company disclosed specific details regarding Sharma’s appointment in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Sharma brings 27 years of professional experience to the role, with expertise in business operations, finance, administration, and compliance. He holds a Bachelor of Commerce degree and previously served as the Chief Financial Officer of the company.

The filing confirmed that Sharma is not related inter se to any other director of the company. Additionally, it stated that he has not been debarred from holding the office of Whole Time Director by any order issued by the Securities and Exchange Board of India or any other authority.

Auditor re-appointment details

The shareholders approved the re-appointment of M/s OP Bagla & Co. LLP (FRN: 000018N/N500091) as Statutory Auditors for a second term of five consecutive years. This appointment was initially considered in a board meeting held on August 13, 2026.

The firm shall hold office from the conclusion of the 42nd AGM until the conclusion of the 46th AGM to be held in calendar year 2031. OP Bagla & Co. LLP has over 55 years of experience in statutory audits, internal audits, system audits, management audits, due diligence, concurrent audits, financial reporting, accounting, direct and indirect taxation, transfer pricing, and corporate law.

Voting results and shareholder participation

The scrutinizer’s report, submitted by Ayushi Jain of APAC & Associates LLP, detailed the voting outcomes for all four agenda items. The cut-off date for determining voting rights was September 18, 2026. On this date, the record showed 5,406 shareholders holding 4,428,207 shares.

During the meeting, 12 promoters and promoter group members, along with 27 public shareholders, participated either in person or through video conferencing. The total number of votes polled across all resolutions was 2,096,523, representing 47.34% of the total outstanding shares.

Breakdown of voting results

All four resolutions received unanimous support from the voting shareholders. No votes were cast against any resolution, and no invalid votes were recorded.

Promoters and promoter group members voted 1,925,413 shares, accounting for the majority of the votes cast. Public non-institutional investors voted 171,110 shares, representing 6.83% of their total holdings. Public institutional investors did not cast any votes.