Lead Reclaim EGM approves capital increase, warrants

Lead Reclaim and Rubber Products Limited secured shareholder approval to increase its authorised share capital and issue equity instruments during its Extraordinary General Meeting (EGM) held on May 22, 2026. The meeting, conducted at the company's registered office in Kheda, Gujarat, saw the passage of five special resolutions via ballot paper, with no votes cast through remote e-voting. The approvals enable capital restructuring and amendments to the Memorandum of Association to support corporate growth strategies.

Resolutions Passed

The shareholders deliberated on and approved five specific agenda items. These resolutions focused on capital restructuring, equity issuance, and corporate governance amendments. The scrutinizer's report, submitted by Krushang Shah & Associates, confirmed the outcome of the voting process conducted in compliance with the Companies Act, 2013, and SEBI Listing Regulations.

Capital and Equity Changes

The company received approval to increase its authorised share capital. This decision necessitates a consequential amendment to the capital clause within the Memorandum of Association of the Company. Alongside the capital increase, the shareholders authorized the issuance of equity shares on a preferential basis. Furthermore, the company secured approval to issue fully convertible warrants on a preferential issue basis.

Governance and Related Party Transactions

In addition to capital matters, the EGM approved the amendment of the main object clause of the Memorandum of Association of the Company. The shareholders also sanctioned specific material related party transactions proposed to be entered into by the company.

Resolution Item	Description
Item No. 1	Increase authorised share capital and amend capital clause
Item No. 2	Issue Equity shares on Preferential Basis
Item No. 3	Issue Fully Convertible Warrants on Preferential Issue Basis
Item No. 4	Amend main object clause of Memorandum of Association
Item No. 5	Approve Material Related Party transactions

Voting Details

The remote e-voting facility was provided by National Securities Depository Limited (NSDL), opening on May 19, 2026, and closing on May 21, 2026. Equity Shareholders holding shares as on May 15, 2026, were entitled to vote. A total of 4,902,817 votes were polled via ballot paper at the EGM. For resolutions regarding the increase in authorised share capital, equity share issuance, and object clause amendment, 100% of the valid votes were cast in favour. For resolutions concerning fully convertible warrants and related party transactions, 2.16% of votes were in favour, while 97.84% were marked as invalid or abstain.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.17%	+10.84%	+13.58%	+18.48%	+50.70%	+232.73%

Lead Reclaim and Rubber Products Limited has announced its audited standalone and consolidated financial results for the year ended March 31, 2026. The Board of Directors approved the financial statements during a meeting held on May 15, 2026. The statutory auditors, M/s. DKN & Associates, issued an unmodified opinion on the results. Following the announcement, the company held an earnings conference call on May 18, 2026, to discuss the performance. The transcript and recording of this conference call are now available on the company's website.

Financial Performance

The company reported its highest-ever profitability for the fiscal year. Net profit after tax for the year ended March 31, 2026, stood at ₹409 lakh, compared to ₹146 lakh in the corresponding period of the previous year. For the half year ended March 31, 2026, the net profit was recorded at ₹310 lakh.

Revenue from operations for the full year increased to ₹3,982 lakh, up from ₹3,112 lakh in the prior year. Total income for FY26 reached ₹3,999 lakh. The company managed its expenses effectively, with total expenditure for the year reported at ₹3,427 lakh, compared to ₹2,926 lakh in FY25.

Operational Metrics

Earnings Per Share (EPS) for the year ended March 31, 2026, improved to ₹4.73 on a basic and diluted basis, up from ₹1.89 in the previous year. The company’s financial results indicate robust operational performance, with profit before tax for the year rising to ₹570 lakh from ₹200 lakh in the prior year.

Particulars	Year Ended 31/03/2026 (₹ in Lakhs)	Year Ended 31/03/2025 (₹ in Lakhs)
Revenue from Operations	3,982	3,112
Total Income	3,999	3,126
Total Expenses	3,427	2,926
Profit before Tax	570	200
Net Profit	409	146
Basic EPS (₹)	4.73	1.89

Expansion Plans

In its notes to the financial statements, the company disclosed plans to establish a new EPDM Reclaim Rubber manufacturing plant with a capacity of 800 MT per month at Mandali, District Mehasana. The company has incurred ₹429.88 lakh towards this project as of March 31, 2026, and expects production to commence in September 2026. Additionally, a new 1.25 MV Solar Power plant is being set up at Boradi, District Thashara, with an expenditure of ₹108.76 lakh recorded to date and operations expected to begin in October 2026.