Defrail Technologies held its third Annual General Meeting on September 10, 2026. The gathering took place at its registered office in Faridabad, Haryana.

Managing Director Vivek Aggarwal addressed the members, outlining the company’s business performance and future growth prospects. He confirmed that all requisite steps for member participation and e-voting were completed in compliance with SEBI Listing Regulations and the Companies Act, 2013.

Key Resolutions Passed

Shareholders approved three ordinary resolutions during the meeting:

• Adoption of the Audited Standalone and Consolidated Financial Statements for the fiscal year ended March 31, 2026, along with the Board and Auditors’ reports.
• Re-appointment of Mr. Abhishek Aggarwal as a Director.
• Appointment of a Secretarial Auditor and approval of her remuneration.

Procedural Compliance

The Company Secretary confirmed that the quorum was present as per Section 103 of the Companies Act, 2013. E-voting was facilitated through Central Depository Services (India) Limited from September 7 to September 9, 2026. CS Yogita Bhati and Co. served as the Scrutinizer to ensure fair voting procedures.

The Statutory Auditor and Secretarial Auditor reports contained no qualifications, reservations, or adverse remarks requiring further explanation. The meeting commenced at 12:00 pm and concluded at 12:15 pm.

Defrail Technologies issued an addendum to its third annual general meeting (AGM) notice on August 24, 2026, to include the re-appointment of Mr. Abhishek Aggarwal as a director. The company stated that the agenda item was inadvertently omitted from the original notice dated August 17, 2026.

Mr. Aggarwal, who retires by rotation at the ensuing AGM scheduled for September 10, 2026, has offered himself for re-appointment. He will be considered under Item No. 2 of the ordinary business agenda. The addendum forms an integral part of the original notice and requires shareholder approval via an ordinary resolution.

Director Profile

Mr. Abhishek Aggarwal holds an MBA and possesses over 15 years of experience in finance and accounts. Previously, he served as Head of Finance and Accounts at Impex Hi-Tech Rubber. He joined Defrail Technologies as a director in October 2023 and oversees the company's finance and accounts functions.

He is related to Managing Director Vivek Aggarwal and Non-Executive Director Ashi Aggarwal under the Companies Act, 2013. Mr. Aggarwal is also a member of the Audit Committee and holds directorship in Impex Hi-Tech Rubber Private Limited, a wholly owned subsidiary.

Remuneration Details

The proposed remuneration for Mr. Aggarwal for the upcoming term is ₹24 lakh per annum. In FY26, he drew ₹17.77 lakh as remuneration. He attended all 12 board meetings held during the year and currently holds 49,700 equity shares in the company.

Financial Performance Context

Defrail Technologies delivered robust financial performance in FY26, driven by improved operational efficiencies and higher business volumes. Standalone revenue from operations climbed to ₹80.04 crore, up from ₹61.76 crore in FY25. Profit before tax surged by over 53% to ₹5.92 crore, while profit after tax increased to ₹4.0 crore.

On a consolidated basis, revenue stood at ₹80.25 crore compared to ₹62.20 crore in the prior year. Consolidated profit after tax reached ₹4.00 crore, up from ₹2.77 crore previously.

What the Numbers Show

A notable divergence exists between operating efficiency and net profitability metrics. While the operating profit margin expanded from 7.95% in FY25 to 8.52% in FY26, the net profit margin contracted slightly from 5.70% to 5.00%. This suggests that while core operational improvements drove higher earnings before interest and taxes, other factors such as finance costs or tax provisions impacted the final bottom line relative to revenue growth.

Additionally, working capital dynamics shifted significantly. The debtors turnover ratio decreased from 8.04 to 6.17, while inventory turnover fell from 5.96 to 3.42. These declines indicate slower collection cycles and inventory movement despite the substantial revenue growth, warranting monitoring of cash conversion efficiency.

Corporate Governance & AGM

Defrail Technologies announced that its third annual general meeting will be held on Thursday, September 10, 2026, at 12:00 noon at its registered office in Faridabad. Remote e-voting facilities will be available for members recorded in the register as of the cut-off date, September 3, 2026. Voting will commence on September 7 and conclude on September 9, 2026.

The agenda includes the adoption of audited standalone and consolidated financial statements for FY26 and the appointment of M/s Yogita Bhatia & Associates as Secretarial Auditors for five years commencing FY27. No dividend was proposed for the financial year ended March 31, 2026.