Hisar Metal Industries Limited has disclosed the voting results for its 36th Annual General Meeting (AGM) held on August 28, 2026, confirming that all seven resolutions were passed with the requisite majority.

The company, which declared a final dividend of ₹1.00 per share for FY26 during the meeting, reported strong shareholder support across all agenda items. The voting process included both remote e-voting and physical ballot polls.

Voting Participation

As on the cut-off date of August 21, 2026, the company had 4,674 shareholders. A total of 31 shareholders attended the meeting in person to cast their votes via physical ballot. No shareholders attended through video conferencing or proxy.

Remote e-voting was conducted from August 25, 2026, to August 27, 2026, via National Securities Depository Limited (NSDL). A total of 22 shareholders participated in remote e-voting.

Resolution Outcomes

All seven resolutions proposed at the AGM were approved. The key outcomes included:

• Adoption of audited financial statements for FY26.
• Declaration of a final dividend of ₹1.00 per share.
• Re-appointment of Mrs. Anubha Tayal and Mr. Abhiram Tayal as directors.
• Appointment of Mr. Manish Jain and Mr. Shreyaskar Chaudhary as Independent Directors.
• Ratification of Cost Auditors' remuneration.

The consolidated voting results show that out of 54,00,000 total shares held, 17,77,322 votes were polled, representing a 32.91% turnout on outstanding shares.

Scrutinizer’s Report

Sanjeev Jain, Practicing Chartered Accountant (Membership No: 500771), served as the scrutinizer for the meeting. He confirmed that all resolutions were carried with the requisite majority under Section 108 and 109 of the Companies Act, 2013, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The promoter group voted unanimously in favor of all resolutions. Among public shareholders, 99.99% of polled votes were cast in favor, with only 107 votes (0.01%) cast against.

Hisar Metal Industries reported a standalone net profit of ₹1.8 crore for the quarter ended June 30, 2026, marking a significant turnaround in profitability compared to the prior year. The company’s Board of Directors approved the unaudited financial results on August 08, 2026, revealing that net profit surged 329% year-on-year from ₹42 lakh in Q1FY26. This sharp improvement was primarily driven by a reduction in finance costs and better cost management, even as revenue from operations dipped slightly to ₹64.42 crore from ₹62.10 crore in the corresponding period last year.

The Board meeting, held at the company’s registered office in Hisar, Haryana, commenced at 10:30 a.m. and concluded at 12:15 p.m. The financial results were reviewed and recommended by the audit committee before being presented to the Board. The results have been prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013, read with the Companies (Indian Accounting Standards) Rules, 2015. A limited review of the unaudited financial results was conducted by the company’s Statutory Auditors, Ram Sanjay & Co., Chartered Accountants.

Financial Performance Overview

While top-line growth remained muted, the company demonstrated strong bottom-line expansion through efficient expense control. Total income for the quarter stood at ₹64.50 crore, compared to ₹62.33 crore in Q1FY26. Operating expenses decreased significantly, with total expenses falling to ₹62.09 crore from ₹61.77 crore in the same quarter last year, despite a rise in other expenses. Notably, finance costs dropped to ₹1.45 crore from ₹1.68 crore, contributing positively to the profit before tax, which rose to ₹2.41 crore from ₹56 lakh.

Earnings per share (EPS) for the quarter increased substantially to ₹3.33 from ₹0.78 in the previous year’s corresponding period. The company’s paid-up equity share capital remained unchanged at ₹5.4 crore. There were no exceptional items recorded during the quarter, and deferred tax provisions are scheduled to be made at year-end as per standard practice.

What the Numbers Show

The most striking aspect of this quarter’s performance is the divergence between revenue trends and profitability metrics. While revenue from operations contracted by approximately 3.7% year-on-year, net profit more than quadrupled. This suggests a significant improvement in operational efficiency rather than volume-driven growth. The decline in other income (from ₹23 lakh to ₹8 lakh) indicates that the profit surge is operationally grounded, not reliant on one-off gains. Furthermore, the reduction in finance costs highlights effective debt management or favorable interest rate environments, directly boosting the bottom line. Investors should monitor whether this margin expansion can be sustained alongside stable or growing revenues in subsequent quarters.