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%.

Hisar Metal Industries Limited has scheduled its 36th Annual General Meeting for August 28, 2026, at its Registered Office in Hisar, Haryana. The meeting will consider the adoption of audited financial statements for the financial year ended March 31, 2026, and declare a dividend of Re 1 per share as recommended by the Board. The record date for dividend eligibility is August 17, 2026, with the register of members remaining closed from August 18 to August 28, 2026.

The Board has recommended the re-appointment of Mrs. Anubha Tayal and Mr. Abhiram Tayal as Directors, who retire by rotation at the upcoming meeting. Additionally, the meeting will seek shareholder approval for the ratification of remuneration payable to M/s Naveen Gupta & Co., Cost Accountants, for the financial year 2026-27. The proposed remuneration is ₹50,000 plus applicable taxes and reimbursement of actual travel and out-of-pocket expenses.

Shareholders will vote on the appointment of two new Independent Directors, Mr. Manish Jain and Mr. Shreyaskar Chaudhary, for a term of five years commencing May 30, 2026. Mr. Manish Jain is a practising advocate with 25 years of experience in Civil, Arbitration, Commercial and Corporate Litigation. Mr. Shreyaskar Chaudhary brings over 25 years of experience in the apparel and fashion industry, specializing in sustainable practices and business operations.

The facility for remote e-voting will be available from August 25, 2026 (9:00 am) to August 27, 2026 (5:00 pm). The cut-off date to determine shareholder eligibility for voting is August 21, 2026. Mr. Sanjeev Jain, Practising Chartered Accountant, has been appointed as the Scrutinizer to oversee the voting process.

Key AGM Details

Resolutions for Shareholder Approval