Gujarat Intrux Limited has scheduled its 34th Annual General Meeting (AGM) for September 25, 2026, to approve a final dividend of ₹17.50 per equity share for FY26. The meeting will also address key board resolutions, including the reappointment of directors and statutory auditors.

The company announced the schedule following a board meeting held on August 23, 2026. Shareholders will vote on ordinary business items such as the adoption of standalone audited financial statements for the year ended March 31, 2026, and special business regarding management tenure approvals.

Key Board Resolutions

The board approved several administrative and operational decisions during its recent meeting:

• AGM Logistics: The meeting will be held virtually via video conferencing or Other Audio Visual Means at 11:00 am on September 25, 2026.
• Solar Power Agreement: The company approved entering into a Power Purchase Agreement with JP Power Solar Energy Private Limited for a 1120 KW solar power project.
• Leadership Change: Mr. Sagar Rameshbhai Rajyaguru resigned as Company Secretary and Compliance Officer effective August 23, 2026, citing personal reasons and career opportunities.

New Appointment Details

On the recommendation of the Nomination and Remuneration Committee, the board appointed Mr. Kishor Madhubhai Kikani as Company Secretary and Compliance Officer effective August 23, 2026. Mr. Kikani is a member of the Institute of Company Secretaries of India with over 10 years of experience in corporate and secretarial laws.

The resignation of Mr. Rajyaguru was accepted with no material reasons cited other than pursuing career opportunities outside the company.

AGM Agenda Items

Shareholders will consider the following key resolutions at the upcoming meeting:

• Final Dividend: Approval of a final dividend of ₹17.50 per equity share of face value ₹10 each for FY26.
• Director Reappointments: Reappointment of Mr. Amrutlal Jethalal Kalaria and Mr. Bharatkumar Muljibhai Dhorda as Non-Executive Directors, who retire by rotation.
• Statutory Auditors: Reappointment of M A A K & Associates, Chartered Accountants, as Statutory Auditors for one year until the conclusion of the 35th AGM. This follows their appointment to fill a casual vacancy left by Parin Patwari & Co., who resigned on July 22, 2025.
• Managing Director Tenure: Approval for the continuation of Mr. Dhiraj Dharamshibhai Pambhar’s tenure as Managing Director upon attaining the age of 70 years on March 23, 2027.

AGM and Voting Details

The board fixed September 18, 2026, as the record date for dividend payment and remote e-voting. The Register of Members and Share Transfer Books will remain closed from September 19 to September 25, 2026. Mr. Kalpesh P. Rachchh of M/s. K.P. Rachchh & Co. was appointed to scrutinize the e-voting process.

Remote e-voting will commence on September 21, 2026, at 10:00 am and end on September 24, 2026, at 5:00 pm. Members holding shares in physical form who have not registered their email addresses can do so by submitting Form ISF-1 to the Registrar and Transfer Agent, MFUC Intime India Private Limited. The company will provide e-voting facilities for all resolutions set out in the AGM notice.

Gujarat Intrux Limited reported a net profit of ₹2.14 crore for the quarter ended June 30, 2026, rising 9.65% from ₹1.95 crore in the same period last year. The steel and alloy casting manufacturer posted revenue from operations of ₹14.07 crore, an 8% increase compared to ₹13.03 crore in Q1FY26. The results reflect steady operational performance with earnings per share (EPS) growing to ₹6.22 from ₹5.67 previously. Shareholders will note that statutory auditors issued an unmodified opinion, though they highlighted that closing stock calculations were certified solely by management.

The Board of Directors approved the unaudited financial results on July 28, 2026, following a review by the Audit Committee. Statutory Auditor M/s M A A K & Associates provided a limited review report under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Managing Director Dhiraj D Pambhar and Chief Financial Officer Sanjay J Vagadia certified the accuracy of the financial statements, confirming no material misstatements were present.

Financial Performance Highlights

Revenue growth was primarily driven by higher sales volumes, while total expenses remained controlled at ₹11.74 crore, slightly above the ₹10.97 crore recorded in Q1FY26. Other income contributed ₹46.36 lakh, down marginally from ₹51.80 lakh in the prior year quarter. Tax expenses stood at ₹65.77 lakh, consistent with the company’s effective tax rate trajectory.

What the Numbers Show

A key operational improvement visible in the data is the change in inventories. In Q1FY27, Gujarat Intrux recorded a positive adjustment of ₹17.13 lakh due to inventory changes, contrasting sharply with the negative ₹1.38 lakh adjustment in Q1FY26. This shift suggests better inventory turnover or reduced work-in-process buildup, directly contributing to the profit expansion despite a slight rise in employee benefit expenses to ₹24.58 lakh from ₹20.75 lakh. Finance costs remained negligible at ₹0.99 lakh, indicating minimal debt servicing pressure during the period.

The auditor’s emphasis of matter paragraph noted that closing stock was calculated and certified by management only, with no independent basis provided for verification. This is a standard disclosure but warrants attention for investors monitoring internal control rigor. The company operates in a single segment—manufacturing of steel, non-alloy steel, and alloy steel castings—with the Chairman and Managing Director identified as the Chief Operating Decision Maker under IND AS 108.