KIC Metaliks Limited has convened its 39th Annual General Meeting (AGM) for Tuesday, August 25, 2026, at 11:30 am via Video Conferencing/Other Audio Visual Means. A central item on the agenda is the approval of material related-party transactions (RPTs) with Bengal Energy Limited (BEL), valued at up to ₹500 crore excluding taxes for FY27.

Related Party Transaction Approval

The Board seeks shareholder approval for continuous transactions with BEL, a fellow subsidiary under the common control of Thermic Steel Company Private Limited. Following an NCLT-sanctioned scheme of arrangement in August 2025, BEL became a related party. The proposed transactions involve the purchase and sale of raw materials such as coal, coke, sinter, steel scrap, and iron ore pellets, alongside auxiliary services.

This omnibus approval allows the company to conduct these business activities on an arm’s length basis throughout FY27. In the preceding financial year (FY26), total transactions with BEL amounted to ₹27,083.01 lakhs, comprising ₹5,205.37 lakhs in sales and ₹21,877.64 lakhs in purchases.

Board Re-Appointments and Remuneration

Shareholders will vote on the re-appointment of Mrs. Ishita Bose as an Independent Director for a second term of five years, effective from August 6, 2026, to August 5, 2031. Her appointment follows a positive performance evaluation by the Nomination and Remuneration Committee.

Mr. Mukesh Bengani, Executive Director (Finance) and CFO, retires by rotation and offers himself for re-appointment. Additionally, shareholders must pass a special resolution to revise his remuneration due to inadequate profits in FY26, as per Section 197 of the Companies Act, 2013. His revised monthly salary package totals ₹1,94,350, effective April 1, 2026.

Financial Context and Logistics

The AGM notice accompanies the Integrated Annual Report for FY26, during which the company returned to profitability with a net profit of ₹105.11 lakhs, reversing a loss of ₹609.36 lakhs in FY25. Revenue from operations grew 9.15% to ₹78,288.86 lakhs.

Key Dates:

• AGM Date: August 25, 2026
• Book Closure Period: August 19, 2026, to August 25, 2026
• E-Voting Cut-off: August 18, 2026
• Remote E-Voting Window: August 22, 2026 (9:00 am) to August 24, 2026 (5:00 pm)

The company has appointed M/s. B.G. Lahoti & Associates as the scrutinizer for the e-voting process. Members holding shares as on the cut-off date are eligible to cast votes remotely or during the virtual meeting.

KIC Metaliks Ltd reported a net profit of ₹102.45 lakh for the quarter ended June 30, 2026, marking a significant turnaround from the net loss of ₹115.42 lakh recorded in the same period of the previous fiscal year. The company’s revenue from operations surged 50.1% year-on-year to ₹2,282.27 lakh, reflecting robust demand in its core business segment. This profitability shift signals improved operational efficiency and margin expansion despite rising input costs in the iron and steel sector.

The Board of Directors approved the unaudited financial results at a meeting held on August 4, 2026. The results were reviewed by M/s. Agarwal Maheswari & Co., the statutory auditors of the company, pursuant to Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The audit committee also reviewed the financial statements before board approval. The results were subsequently submitted to the Bombay Stock Exchange under Regulation 47 on August 5, 2026.

Financial Performance Highlights

Revenue from operations stood at ₹2,282.27 lakh, compared to ₹1,520.04 lakh in Q1FY25. Other income declined to ₹1.39 lakh from ₹3.59 lakh in the prior year quarter. Total expenses increased to ₹2,256.35 lakh from ₹1,539.41 lakh, primarily due to higher cost of materials consumed, which rose to ₹1,996.48 lakh from ₹1,302.82 lakh.

What the Numbers Show

The key driver behind the profitability turnaround was the divergence between revenue growth and expense growth. While total expenses rose 46.6% year-on-year, revenue grew at a faster pace of 50.1%. This resulted in a profit before tax of ₹27.31 lakh, compared to a loss of ₹15.78 lakh in Q1FY25. The company managed to contain finance costs, which dropped to ₹9.66 lakh from ₹17.35 lakh in the previous year, contributing positively to the bottom line. Earnings per share stood at ₹0.29, up from a loss of ₹0.33 per share in Q1FY25.

The company operates in a single reportable segment: "Iron & Steel and allied products." The figures for the quarter ended March 31, 2026, are balancing figures between the audited full-year results and the year-to-date figures up to the third quarter ended December 31, 2025. The results have been prepared in accordance with Ind AS 34, "Interim Financial Reporting," prescribed under Section 133 of the Companies Act, 2013.