Hisar Metal Industries Limited has completed the dispatch of the notice for its 36th Annual General Meeting (AGM) to all eligible shareholders, confirming readiness for the upcoming shareholder vote on ordinary and special business items. The meeting is scheduled to take place on Friday, August 28, 2026, at 9:00 a.m. at the company’s registered office located near Industrial Development Colony, Delhi Road, Hisar. This procedural milestone ensures that members receive timely information regarding the financial year ended March 31, 2026, and related governance matters.

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has published an advertisement in newspapers confirming the dispatch. Electronic copies of the AGM notice and the Annual Report for 2025-26 have been sent to members with registered email IDs, while physical letters containing web links were dispatched to those without registered emails. The documents are also available on the company’s website and the National Securities Depository Limited (NSDL) e-voting portal.

E-Voting and Record Date Details

Pursuant to Section 108 of the Companies Act, 2013 and Regulation 44 of the SEBI Listing Regulations, the company is providing remote e-voting facilities through NSDL. Shareholders whose names appear in the register of members or beneficial owners as on the cut-off date of August 21, 2026, are eligible to vote. The remote e-voting window opens on Tuesday, August 25, 2026, at 9:00 a.m. and closes on Thursday, August 27, 2026, at 5:00 p.m.

Members who have already cast their votes via remote e-voting may attend the meeting but cannot vote again. Those who have not voted remotely can exercise their right to vote using ballot papers at the venue. For any queries regarding e-voting, shareholders may contact NSDL or the Company Secretary at vcugh@hisarmetal.com .

Book Closure and Dividend Eligibility

The Register of Members and Share Transfer Books will remain closed from Tuesday, August 18, 2026, to Friday, August 28, 2026, inclusive. This closure is necessary to determine eligibility for dividend payment, if declared by the Board of Directors during the AGM for the financial year ended March 31, 2026. The record date for dividend purposes is fixed at August 17, 2026, as per Section 91 of the Companies Act, 2013 and Rule 10 of the Companies (Management and Administration) Rules, 2014.

Hisar Metal Industries Limited has released its Annual Report for the financial year ended March 31, 2026, presenting audited standalone financial statements along with the notice for its 36th Annual General Meeting (AGM) scheduled on Friday, August 28, 2026. The Haryana-based manufacturer of Cold Rolled Stainless Steel Strips and Stainless Steel Tubes & Pipes reported growth in both revenue and profitability during FY26, with total income rising to ₹26,328 Lakhs from ₹24,556 Lakhs in the previous year.

Financial Performance: Revenue and Profit Growth

The company's financial results for FY26 reflect a steady improvement across key metrics. Revenue from operations reached ₹26,195.69 Lakhs compared to ₹24,483.08 Lakhs in FY25, while other income stood at ₹132.04 Lakhs versus ₹73.02 Lakhs in the prior year. Net profit after tax rose to ₹338 Lakhs from ₹318 Lakhs, and total comprehensive income for the year was ₹346 Lakhs.

The following table summarises the key financial highlights for FY26 versus FY25:

Cost of materials consumed increased to ₹20,633.66 Lakhs from ₹18,738.87 Lakhs, while finance costs declined to ₹688.32 Lakhs from ₹866.45 Lakhs in FY25. The reserve and surplus stood at ₹6,034 Lakhs, and the book value of the share was reported at ₹122.

Operational Performance and Production

The company produced 9,138 MT of Cold Rolled Stainless Steel Strips and Stainless Steel Tubes & Pipes during FY26, compared to 7,990 MT in the previous year. Sales volumes also increased to 9,144 MT from 7,993 MT in FY25. The company achieved a turnover of ₹26,196 Lacs compared to ₹24,483 Lacs in the previous year. The company operates a single segment — Stainless Steel Products — as determined by the Board of Directors in accordance with IND AS 108.

The company's 1,200 kW Solar Power Plant, installed to reduce electricity costs, continued to contribute to energy conservation efforts during the year. Foreign exchange earnings stood at ₹3,211.48 Lakhs (FOB value of exports) for the year ended March 31, 2026, compared to ₹2,952.62 Lakhs in the prior year. Foreign exchange outgo on raw material imports (CIF value) was ₹2,173.14 Lakhs versus ₹2,840.27 Lakhs in FY25.

Dividend and Share Capital

The Board of Directors has recommended a dividend of 10% on equity shares of face value ₹10 each, amounting to ₹1 per share, for the financial year ended March 31, 2026. This is subject to shareholder approval at the AGM. The paid-up equity share capital remained unchanged at ₹540 Lakhs, comprising 5,400,000 equity shares of ₹10 each, fully paid up. No new shares or convertible instruments were issued during the year.

The Register of Members and Share Transfer Books will remain closed from Tuesday, August 18, 2026 to Friday, August 28, 2026 (both days inclusive). The record date for dividend is August 17, 2026.

Board Changes and Corporate Governance

The company made notable changes to its Board composition during the year. Mr. Manish Jain (DIN: 00300805) and Mr. Shreyaskar Chaudhary (DIN: 00059059) were appointed as Additional Directors (Non-Executive Independent) with effect from May 30, 2026, for a term of five consecutive years commencing May 30, 2026 up to May 29, 2031, subject to shareholder approval. Mr. Rajender Kumar Leekha (DIN: 03597751) and Mr. Sanjay Kumar Jain (DIN: 02817520) resigned from the Board on May 30, 2026.

Key details of the newly proposed Independent Directors are as follows:

Four Board meetings were held during FY26 on May 28, 2025, August 9, 2025, November 12, 2025, and February 9, 2026. The Auditors' Report for FY26 does not contain any qualification, reservation, or adverse remark.

CSR Activities and Employee Metrics

The company fulfilled its total CSR obligation of ₹20.01 Lakhs for FY26, computed as 2% of the average net profit of ₹1,000.47 Lakhs (based on net profits of ₹487.69 Lakhs in FY25, ₹896.48 Lakhs in FY24, and ₹1,617.25 Lakhs in FY23). The entire CSR amount was spent across the following areas:

• Promoting education — Hisar, Haryana: ₹5,51,000
• Promoting healthcare including preventive health care — Chandigarh, Hisar, and Delhi: ₹5,75,000
• Measures for reducing inequalities — Hisar, Haryana: ₹3,50,000
• Promoting Animal Welfare — Hisar and Kurukshetra, Haryana: ₹2,25,000
• Promotion of Sports — Vidya Nagar, Karnataka: ₹3,00,000

As on March 31, 2026, the company had 220 permanent employees on its rolls. The median remuneration of employees (excluding Managing Director and Whole-time Director) was ₹3,15,858 in FY26 versus ₹2,99,178 in FY25, reflecting an increase of 5.57%. Including the Managing Director and Whole-time Director, the median remuneration was ₹3,16,512 in FY26 compared to ₹2,80,536 in FY25, an increase of 12.82%.