Liotech Industries Limited disclosed the voting results and scrutinizer's report for its adjourned 6th Annual General Meeting (AGM) held on September 30, 2026. All three proposed resolutions were passed with the requisite majority.

The meeting was originally scheduled for September 24, 2026, but was adjourned due to the absence of a quorum. The rescheduled session was conducted via video conferencing from 11:00 am to 11:48 am. Hemanshu Upadhyay of HRU & Associates served as the scrutinizer for the remote e-voting and Insta-Poll processes.

Resolutions Passed

The shareholders approved the following items included in the notice convening the 6th AGM:

1. Adoption of Financial Statements: To receive, consider, and adopt the audited standalone financial statements for the financial year ended March 31, 2026, along with the Board of Directors' and Statutory Auditors' reports.
2. Re-appointment of Director: To re-appoint Mrs. Hetal Hitesh Bhuva, who retired by rotation and offered herself for re-appointment.
3. Alteration of Object Clause: To alter the Main Object Clause of the Memorandum of Association of the company.

Voting Details

The voting results indicated unanimous support for all resolutions among those who participated. The total number of shares on record was 39,00,400. The promoter group held 27,77,900 shares, while public non-institutional shareholders held 11,22,500 shares.

What the Numbers Show

The voting data reveals a significant divergence between shareholder attendance and shareholding participation. While only 12 shareholders attended the meeting via video conferencing (6 promoters and 6 public), the votes polled represented 72.24% of the total outstanding shares. This high percentage of votes cast relative to the low number of attendees suggests that the vast majority of voting power was exercised through remote e-voting prior to the meeting rather than live participation during the session.

Liotech Industries Limited concluded its virtual meeting with analysts and investors on Tuesday, September 29, 2026. The session, held from 4:00 pm to 5:00 pm IST, covered business operations and financial performance based on publicly available data.

The company confirmed that no Unpublished Price Sensitive Information (UPSI) was disclosed during the interaction. The meeting proceeded as scheduled following an earlier intimation filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. An investor presentation detailing the company's overview and financials had been enclosed with the initial filing.

FY26 Financial Performance

Liotech reported robust growth in its full-year results for FY26. Revenue from operations rose to ₹70.09 crore from ₹40.68 crore in FY25. Total income stood at ₹70.50 crore, including ₹0.41 crore in other income.

EBITDA increased to ₹10.80 crore, reflecting a margin of 15.32%. Net profit grew to ₹10.65 crore, up from ₹6.42 crore in the previous year. Diluted EPS improved significantly to ₹21.07 per share.

Business Overview and Market Presence

Based in Rajkot, Gujarat, Liotech manufactures precision hardware structures and accessories, including door kits, hinges, hooks, locks, and handles. The company operates on a B2B model, serving the housing, infrastructure, and engineering sectors. It holds ISO 9001:2015 certification and UK CPD/CPR compliance.

The company has an installed capacity of 2,458.56 MTPA across a 12,632 sq ft facility. Its product portfolio includes over 150 specifications across nine categories, such as Cut & Butt Hinges, Railway Hinges, and Aluminium Super Marble Heavy Tower Bolts.

Regional Revenue Split

West India remains the largest contributor to revenue, accounting for approximately 50.55% of the total in FY26. The East region has seen rapid expansion, now contributing nearly 49.12% of revenue, up from 29.48% in FY24.

What the Numbers Show

A significant concentration risk is evident in Liotech's customer base. The top 10 customers contributed 97.44% of total revenue in FY26, amounting to ₹68.30 crore out of ₹70.09 crore. While this dependency slightly decreased from 97.87% in FY24, it remains high compared to the top 5 customers' share of 70.59%. This indicates that while the company is diversifying its client list, a small group of large clients still drives the vast majority of its sales.

Balance Sheet and Cash Flow

Net worth increased to ₹16.75 crore in FY26 from ₹10.43 crore in FY25, driven by retained earnings. Long-term borrowings were fully repaid, reducing the debt-to-equity ratio to 0.34x. However, current borrowings rose to ₹5.66 crore, contributing to an increase in total current liabilities to ₹16.71 crore.

Cash flow from operations improved substantially to ₹6.48 crore in FY26, compared to ₹2.62 crore in FY25. This positive operational cash generation supported capital expenditures of ₹7.40 crore, primarily for fixed asset expansion.