Rishabh Digha Steel & Allied Products held its 35th Annual General Meeting (AGM) on Monday, September 28, 2026. Shareholders adopted the audited standalone financial statements for FY26 and approved key director appointments.

The meeting took place at the registered office in Mumbai at 9:30 am. Ashok Maganlal Mehta, Managing Director, served as the Chairman. The quorum was confirmed before proceedings commenced. Remote e-voting facilities were available from September 24 to September 27, 2026.

Ordinary business resolutions

Shareholders considered and adopted the audited standalone financial statements for the financial year ended March 31, 2026. This included reports from the Board of Directors and the Auditors. Additionally, Krishna Kumar Omprakash Dubey was reappointed as a director. He retired by rotation and offered himself for reappointment, being eligible for the same.

Special business and governance updates

The AGM addressed two special business items concerning board composition. Ashok Maganlal Mehta was reappointed as Managing Director of the company. Furthermore, Viral Snehal Chinai was regularized as a Non-Executive Independent Director.

The Chairman informed members that voting results would be declared within two working days from the conclusion of the meeting. The session ended at 10:15 am with a vote of thanks. These actions align with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Rishabh Digha Steel & Allied Products has filed its annual report for the financial year ended March 31, 2026, disclosing a profit after tax (PAT) of ₹24.53 lakh. The company scheduled its 35th annual general meeting (AGM) for September 28, 2026, to approve key board appointments and adopt the financial results.

The filing confirms the reappointment of managing director Ashok Maganlal Mehta and the regularization of independent director Viral Snehal Chinai. The board also accepted the resignation of Hardik Makwana as an independent director due to professional commitments. Krishna Kumar Omprakash Dubey retires by rotation and seeks reappointment at the upcoming AGM.

Financial Performance for FY26

The company reported revenue from operations of ₹98.03 lakh in FY26, down from ₹105.27 lakh in FY25. Despite the decline in operating revenue, the profit before tax improved significantly to ₹60.27 lakh from ₹6.58 lakh in the previous year. This improvement was driven by a substantial reduction in other expenses, which fell to ₹5,516.00 thousand from ₹11,231.53 thousand in FY25.

Other income remained relatively stable at ₹12,138.44 thousand, primarily comprising interest income. The total comprehensive income for the year stood at ₹37.27 lakh, compared to ₹6.09 lakh in FY25. The directors do not recommend any dividend for the financial year ended March 31, 2026.

Board Appointments and Resignations

The Nomination and Remuneration Committee recommended the appointment of Mr. Viral Snehal Chinai (DIN: 11906624) as a non-executive independent director. He joins the board for a five-year term effective September 3, 2026, subject to shareholder approval at the upcoming AGM. Mr. Chinai holds a bachelor’s degree and does not hold any shares in the company.

Mr. Ashok Maganlal Mehta (DIN: 00163206), the current managing director, was reappointed for a further five-year term from September 8, 2026, to September 7, 2031. This appointment is subject to shareholder approval via a special resolution. Mr. Mehta holds 3,28,044 shares in the company.

Remuneration Details for Managing Director

The explanatory statement discloses that Mr. Mehta will receive remuneration of up to ₹24,00,000 per annum for the five-year tenure. This amount includes salary, perquisites, benefits, incentives, and other allowances. In the event of loss or inadequate profit, this amount will be paid as minimum remuneration subject to Schedule V of the Companies Act, 2013.

Annual General Meeting Details

The company fixed the date for its 35th annual general meeting as Monday, September 28, 2026, at 9:30 am. The meeting will be held at the registered office in Mumbai: 1, Floor-GRD, Plot-514B, Amar Kunj, R P Masani Road, Road No 32 Khalsa College, Matunga.

Key logistical details for shareholders include:

• The cut-off date for determining voting rights is September 21, 2026.
• E-voting will commence on Thursday, September 24, 2026, and close on Sunday, September 27, 2026.
• The register of members and share transfer books will remain closed from Tuesday, September 22, 2026, to Monday, September 28, 2026.

The board appointed M/S Jaymin Modi & Co as the scrutinizer for the AGM. The Director’s Report and Annual Report for the financial year ended March 31, 2026, were considered and approved during the board meeting.