The Board of Directors of Krupalu Metals Limited approved the Board Report along with all annexures for the financial year ended March 31, 2026, during a meeting held on August 1, 2026. This approval marks the completion of the company’s annual reporting cycle for FY26, ensuring compliance with statutory disclosure requirements under the Companies Act, 2013. The board also considered and approved the notice for the 18th Annual General Meeting (AGM), including proposed resolutions and the explanatory statement, while finalizing the calendar of events for the upcoming meeting.

In addition to the financial approvals, the board appointed M/s Sumit Bajaj & Associates, a firm of practicing company secretaries, as the scrutinizer for the 18th AGM. The firm will oversee the scrutiny of the remote e-voting process and the electronic voting facility provided to shareholders. This appointment ensures the integrity and transparency of the voting mechanism in accordance with regulatory guidelines.

Key Board Decisions

The following matters were considered and approved by the board during the meeting:

The board meeting commenced at 2:30 p.m. and concluded at 3:00 p.m. on August 1, 2026. The proceedings were conducted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance

The company disclosed the outcome of the board meeting to BSE Limited pursuant to Section 101 and other applicable provisions of the Companies Act, 2013, read with the Companies (Management and Administration) Rules, 2014. The appointment of the scrutinizer aligns with SEBI’s mandate for transparent shareholder voting processes, particularly for remote e-voting facilities.

Jagdish Parsottambhai Katariya, Managing Director of Krupalu Metals Limited, signed the disclosure. The company’s registered office is located at Plot No 4345, GIDC Phase-III, Dared Udhyognagar, Jamnagar, Gujarat.

Krupalu Metals Limited reported a profit after tax (PAT) of ₹74.10 lakh for the financial year ended March 31, 2026, a decline of 73% from ₹277.23 lakh in the previous year. Revenue from operations for FY26 stood at ₹1,663.25 lakh, significantly lower than the ₹6,225.78 lakh recorded in FY25. The board approved the audited financial results for the half-year and full year on May 28, 2026. The statutory auditors issued an unmodified opinion on the results.

The board took note of the resignation of M/s. K M Chauhan & Associates, Chartered Accountants, from the office of Statutory Auditor effective May 28, 2026. The resignation letter cited pre-occupation and increased audit scope due to recent changes in financial reporting requirements. To fill the casual vacancy, the board appointed M/s. Sunit M. Chhatbar & Co., Chartered Accountants, as the new statutory auditor subject to shareholder approval.

Financial Performance

The company's total income for FY26 was ₹1,663.80 lakh, down from ₹6,226.84 lakh in the previous year. Total expenses for the year were ₹1,565.84 lakh. Basic earnings per share (EPS) for the year decreased to ₹1.85 from ₹5.54 in the prior year. For the half-year ended March 31, 2026, the company reported a PAT of ₹304.55 lakh on revenue of ₹4,277.06 lakh.

Utilization of Issue Proceeds

The company issued 18,72,000 equity shares via a public issue in September 2025, raising ₹1,347.84 lakh. The certificate of utilization of issue proceeds confirmed that funds were utilized for capital expenditure, working capital, and general corporate purposes. There was no deviation or variation in the use of funds raised. The trading window for dealing in the company's securities, which was closed since April 01, 2026, will reopen 48 hours after the declaration of these results.