Indus Aluminium Recyclers Limited has scheduled an Extra-Ordinary General Meeting (EGM) on July 2, 2026, to seek shareholder approval for increasing the limits on investments, loans, and guarantees to ₹200 crore. The meeting, convened through video conferencing, aims to authorize the company to exceed statutory investment limits and provide financial assistance to entities where directors may have an interest.

The Board of Directors approved the agenda during a meeting held on June 10, 2026. The resolutions seek to empower the company to make investments, extend loans, and provide guarantees or securities up to ₹200 crore, over and above the existing limit of 60% of the paid-up share capital and free reserves. This approval is sought pursuant to Section 186 of the Companies Act, 2013, to facilitate ongoing business requirements and compliance.

Additionally, the company proposes to approve transactions under Section 185 of the Companies Act, 2013. This resolution authorizes the Board to advance loans or provide guarantees and securities to subsidiaries, associates, joint ventures, or other entities where directors are deemed interested, up to a sum of ₹200 crore at any point in time. The Board stated that these funds would be deployed for principal business activities, capital expenditure, and working capital requirements.

The EGM will be conducted entirely through Video Conferencing or Other Audio-Visual Means (OAVM) in compliance with Ministry of Corporate Affairs and SEBI circulars. Shareholders will not be permitted to attend the meeting physically. The company has appointed Mr. Utkarsh Shah, a Practicing Company Secretary, as the Scrutinizer to conduct the e-voting process.

To ensure broad participation, the company has established a remote e-voting period. Shareholders holding shares as of the cut-off date, June 26, 2026, are eligible to vote. The remote e-voting facility will be available from 09:00 a.m. on June 29, 2026, until 05:00 p.m. on July 1, 2026. The notice of the EGM has been dispatched to members exclusively through electronic mode.

The company has clarified that interested shareholders will not be eligible to vote on the resolution regarding transactions under Section 185. The voting results will be declared within two working days of the meeting's conclusion and will be available on the company's website.

Indus Aluminium Recyclers Limited reported a net loss of ₹222.33 lakh for the financial year ended March 31, 2026, a significant decline from the profit of ₹47.96 lakh recorded in the previous year. The company's revenue from operations for the year stood at ₹1,964.89 lakh, slightly lower than the ₹1,997.56 lakh reported in FY25. The board approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 26, 2026.

The statutory auditors, M/s. Rajeshkumar P. Shah & Co., issued an unmodified opinion on the financial statements. For the quarter ended March 31, 2026, the company reported a net loss of ₹24.32 lakh, with revenue from operations at ₹218.93 lakh. Total expenses for the quarter increased to ₹253.37 lakh from ₹812.79 lakh in the same period last year. The basic earnings per share (EPS) for the year was negative at ₹(1.89), compared to ₹0.48 in the previous year.

Financial Performance Summary

The financial results were prepared in accordance with Indian Accounting Standards (Ind AS). The company noted that it operates as a single segment entity, and therefore, no separate segment reporting is applicable. The meeting was convened pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.