Narmadesh Brass Industries Limited held its first Annual General Meeting (AGM) post-IPO on September 29, 2026, through Video Conferencing and Other Audio-Visual Means. The company adopted the audited financial statements for the financial year ended March 31, 2026, during the proceedings.

The meeting commenced at 4:00 pm and concluded at 4:25 pm, inclusive of a 15-minute window for electronic voting. Nine members attended the session, including three directors and two independent directors. The requisite quorum was present to transact business.

Agenda and resolutions

The notice convening the meeting was taken as read. Members voted on two ordinary resolutions via remote e-voting prior to the meeting. The facility for remote e-voting was available from September 25, 2026, at 9:00 am until September 28, 2026, at 5:00 pm. Additional e-voting was permitted during the meeting and for 15 minutes after its conclusion for members who had not previously cast their votes.

Compliance and audit status

Hetal Prakash Vachhani, Company Secretary and Compliance Officer, informed members that the reports of the statutory auditors and secretarial auditors for FY26 did not contain any qualifications, observations, or comments with an adverse effect on the company's functioning. M/s DGMS & Co. served as statutory auditors, while Mayuri Rupareliya from M/s M Rupareliya & Associates acted as secretarial auditor and scrutinizer.

Voting results are expected to be announced within two working days following the meeting. These results will be available on the company's website, the National Securities Depository Limited (NSDL) website, and the stock exchange platforms. The scrutinizer's report will also be submitted within two working days.

Narmadesh Brass Industries has confirmed the record date for its first Annual General Meeting post Initial Public Offering. The Register of Members and Share Transfer Books will remain closed from Tuesday, September 22, 2026, to Monday, September 28, 2026.

The company issued a formal intimation to the Listing Department of BSE Limited on September 3, 2026, specifying the book closure period. This closure aligns with the determination of the record date for shareholders eligible to vote at the upcoming meeting.

Meeting Schedule

The first AGM post-IPO is scheduled for Tuesday, September 29, 2026. The event will be conducted through Video Conferencing or Other Audio Visual Means, in compliance with Ministry of Corporate Affairs and SEBI circulars. Physical attendance is dispensed with, and the deemed venue is the registered office in Jamnagar, Gujarat.

Remote e-voting facilities are provided by National Securities Depository Limited. The voting window opens on Friday, September 25, 2026, at 9:00 am and closes on Monday, September 28, 2026, at 5:00 pm. Members holding shares as of the cut-off date, Tuesday, September 22, 2026, are eligible to vote.

Financial Context

The AGM follows the filing of the annual report for FY26. Narmadesh Brass reported total income of ₹9,722.60 lakhs, up 10.42% from the previous year. However, profit after tax fell 29.91% to ₹355.14 lakhs, reflecting margin compression despite top-line growth. Revenue from operations grew 8.47% to ₹9,522.48 lakhs.

Director Re-appointment

Mrs. Ronak Dudhagara retires by rotation and offers herself for re-appointment as Executive Director. She holds a Bachelor's degree in Science from Saurashtra University and has over eight years of experience in the brass industry. Her functional responsibilities include strategic planning and implementation.