Kasturi Metal Composite has accepted the resignation of Ms. Madhu Awasthi from her role as Company Secretary and Compliance Officer. The departure is effective August 31, 2026.

The company disclosed the change to the Bombay Stock Exchange on August 25, 2026. Ms. Awasthi cited personal commitments as the reason for stepping down from her position as Key Managerial Personnel.

Resignation Details

Ms. Awasthi holds membership number A28386 with the Institute of Company Secretaries of India. She tendered her resignation effective from the closing business hours on August 31, 2026.

The filing was signed by Samit Singhai, Chairman and Managing Director of Kasturi Metal Composite. The company confirmed it would file the necessary forms with the Registrar of Companies and intimate the stock exchange regarding the cessation.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It also aligns with Para A of Part A of Schedule III to the Listing Regulations and SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Kasturi Metal Composite Limited achieved over 20% year-on-year revenue growth in Q1 FY27, supported by a six-fold surge in export revenues and a healthy order book position. The company reported export revenues of ₹153.72 lakh for the quarter, compared to ₹21.73 lakh in Q1 FY26, while maintaining stable operating margins through disciplined execution and improved product mix. Management has targeted an overall growth of 40% for FY27 with improved margins.

The export business comprised ₹73.72 lakh from Kasturi Metal Composite Limited and ₹80.00 lakh from its associate, Durafloor Concrete Solutions LLP. Total export revenue for FY26 stood at ₹420 lakh. The company currently holds export orders aggregating approximately ₹31.85 lakh for Kasturi Metal Composite Limited and ₹115 lakh for Durafloor Concrete Solutions LLP.

Order Book and Market Presence

The company maintains a robust order pipeline, with orders currently in hand standing at ₹51.37 Cr. This includes ₹21.85 Cr for Kasturi Metal Composite Limited and ₹29.52 Cr for Durafloor Concrete Solutions LLP. The order book excludes projects already executed during the quarter.

Key market developments during the quarter included receiving approval from CIDCO/BMC for steel fiber applications and progressing the technical approval process with MMRDA. The company onboarded four new institutional customers and continued engagement with infrastructure consultants and project stakeholders.

Operational Expansion

Significant progress was made at Plant IV, the company’s upcoming manufacturing facility. All civil construction activities have been completed, and installation and dry run of all seven production machines are finished. Trial production is expected to be completed within three weeks, with commercial production targeted to commence in October 2026.

Upon stabilization, Plant IV is expected to increase the installed steel fiber manufacturing capacity from 300 MT per month to approximately 800 MT per month.

Execution and Innovation

Durafloor Concrete Solutions LLP strengthened its execution footprint by completing industrial flooring projects for customers including Motherson Sumi, Godrej, Exide Batteries, Kohler, and Liebherr. Additionally, the entity executed three industrial flooring projects in the UAE.

On the product innovation front, the company’s patent application for its new generation Loop-End Steel Fiber has been taken up for expedited examination. Commercialization activities have commenced, and the first commercial consignment of Loop-End Steel Fibers was exported during Q1 FY27.