Dynamic Microsteppers Limited held its 41st Annual General Meeting on September 30, 2026, adopting the audited financial statements for the fiscal year ended March 31, 2026. The virtual meeting also saw the re-appointment of director Chetas Ashwin Shah and the regularization of Preetraj Gulati as an independent director.

The proceedings were conducted via Video Conference and Other Audio-Visual Means in compliance with Ministry of Corporate Affairs and Securities and Exchange Board of India circulars. Remote e-voting facilities were available from September 27 to September 29, 2026, prior to the live session.

Resolutions passed

Shareholders approved three key resolutions during the meeting. The first resolution involved the adoption of the balance sheet, statement of profit and loss, and cash flow statement for FY26, along with the reports of the board of directors and auditors.

The second resolution addressed the retirement by rotation of Chetas Ashwin Shah (DIN: 06783061). Being eligible, he was appointed as a director in his own place for a further term.

Director appointments

Under special business, the company regularized the appointment of Preetraj Gulati (DIN: 11789314) as a Non-Executive, Independent Director. This formalizes her role following her initial appointment.

Voting results will be communicated to stock exchanges within two days of the meeting's conclusion. These results will also be published on the company website and the e-voting agency's platform.

Dynamic Microsteppers Limited (BSE: 531330) reported a net loss of ₹26.9 lakh for the financial year ended March 31, 2026, widening significantly from the ₹16.4 lakh loss recorded in FY25. The company confirmed it did not carry out any business activities during the period.

The loss expansion was driven by a rise in total expenses to ₹26.9 lakh, up from ₹16.4 lakh in the previous year. With zero revenue from operations, the entire expenditure flowed directly to the bottom line, resulting in a basic earnings per share (EPS) loss of ₹0.78, compared to ₹0.48 in FY25.

What the Numbers Show

The company’s balance sheet reflects deep negative equity, with total shareholders' funds standing at -₹15.9 crore. This figure is heavily weighed down by accumulated losses, which now total ₹80.3 crore, eroding the share capital and securities premium reserves. While the company holds property, plant, and equipment valued at ₹37.1 crore, its current assets consist primarily of cash and cash equivalents totaling ₹10.1 lakh.

Balance Sheet & Liabilities

Dynamic Microsteppers’ liabilities are dominated by borrowings from related parties. Unsecured borrowings from related parties increased by ₹17.0 lakh during the year, bringing the total outstanding to ₹18.0 crore. This financing activity was the primary driver behind the net increase in cash and cash equivalents, which rose from ₹3.5 lakh to ₹10.1 lakh despite the operating cash outflow of ₹16.4 lakh.

Corporate Governance & AGM

The company will hold its 41st Annual General Meeting on September 30, 2026, via video conferencing. Shareholders will vote on the re-appointment of Mr. Chetas Ashwin Shah, who retires by rotation, and the regularization of Ms. Preetraj Gulati as an independent director for a five-year term starting July 6, 2026.

Ms. Geeta Pandurang Sawant retired as an independent director upon completion of her tenure on July 30, 2026. The board also noted that it is in the process of delisting shares from regional stock exchanges and converting promoter holdings into dematerialized form to address compliance observations raised in the secretarial audit.