Samrat Forgings Limited concluded its 45th Annual General Meeting on September 25, 2026, adopting the audited financial statements for the fiscal year ended March 31, 2026. The virtual gathering also approved the reappointment of Managing Director Rakesh M. Kumar for a three-year term.

The meeting was conducted through Video Conferencing and Other Audio Visual Means in compliance with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. All eight directors attended the session, which commenced at 11:30 am and concluded at 11:58 am. A total of 34 members participated in the proceedings via the digital platform.

Key resolutions passed

Shareholders voted on several ordinary and special business items. The adoption of the annual report and financial statements formed the core of the ordinary business. Additionally, the remuneration payable to cost auditors was ratified by the members present.

The following table outlines the specific resolutions addressed during the meeting:

Leadership continuity and governance

A significant portion of the agenda focused on board stability. Mr. Rakesh M. Kumar, who serves as Managing Director and Chairman of the Board, was reappointed for a fresh three-year term. This move ensures continued leadership direction for the company’s operations in Punjab.

Furthermore, Mr. Satish Chander Sharma was reappointed as an Independent Director for a second term. His new tenure is scheduled to run from June 30, 2027, to June 29, 2032. Mrs. Bindu Chowdhary also offered herself for re-appointment upon retirement by rotation, receiving shareholder approval to continue her role as Non Executive Non Independent Director.

Participation and voting mechanics

The Company Secretary briefed attendees on the electronic voting procedures mandated by regulatory circulars. Members who had not cast votes through remote e-voting were permitted to do so during the meeting. The voting window remained open for 15 minutes after the formal conclusion of the AGM.

Two registered speakers utilized the opportunity to address the assembly, expressing support for the company’s performance. The scrutinizer and representative of the statutory auditors were present to oversee the integrity of the process. Voting results are required to be submitted to stock exchanges within 48 hours of the meeting's conclusion.

Samrat Forgings has scheduled its 45th Annual General Meeting for September 25, 2026, to approve financial results for FY26 and reappoint key board members. The meeting will be conducted via Video Conferencing or Other Audio Visual Means.

The company reported a record turnover of ₹20,487.59 lakh in FY26, up from ₹19,168.24 lakh in FY25. However, profit after tax declined to ₹438.88 lakh from ₹509.88 lakh in the previous year. The Board attributed the profit decline primarily to a significant increase in gratuity liability arising from the implementation of the New Labour Codes effective November 21, 2025.

Financial Performance Context

The explanatory statement highlights that while operational revenue grew, profitability was impacted by statutory changes rather than core business performance. Excluding the exceptional increase in gratuity expense, operational profitability would have reflected an improvement over the previous year.

The Board noted that profit margins remained low due to escalating input costs, persistent inflationary pressures, and intense competition in the forging industry. Despite these challenges, the company reported no losses in FY26. No dividend has been recommended for the financial year.

Board Appointments and Resolutions

The AGM agenda includes several key board appointments and ratifications:

• Reappointment of Managing Director: Shareholders will vote to reappoint Mr. Rakesh M. Kumar as Managing Director for a three-year term starting December 1, 2026. His current term expires on November 30, 2026. The proposed remuneration includes a monthly salary of ₹12 lakh, with a power to increment up to ₹15 lakh per month during his tenure.
• Reappointment of Independent Director: Mr. Satish Chander Sharma is proposed for reappointment as an Independent Director for a second five-year term, effective June 30, 2027, until June 29, 2032.
• Reappointment of Non-Executive Director: Mrs. Bindu Chowdhary, who retires by rotation, offers herself for reappointment as a Non-Executive Non-Independent Director. She has attained the age of 86 years.
• Cost Auditor Ratification: The meeting will ratify the remuneration of ₹80,000 plus taxes and out-of-pocket expenses to M/s. Balwinder & Associates, Cost Accountants, for the financial year ending March 31, 2027.

Meeting Logistics and Voting

The AGM is scheduled to begin at 11:30 am on Friday, September 25, 2026. Members holding shares in dematerialized form must update their email addresses with their Depository Participants to receive the notice electronically. Those holding physical shares should register their details using Form ISR-1 with Mas Services Limited, the Registrar and Share Transfer Agent.

The company will provide remote e-voting facilities via Central Depository Services (India) Limited. The cut-off date for determining voting eligibility is September 18, 2026. Remote e-voting will commence on September 22, 2026, at 9:00 am and conclude on September 24, 2026, at 5:00 pm.

Key Dates

The Register of Members and Share Transfer Books will remain closed from September 21, 2026, to September 25, 2026, both days inclusive. Physical copies of the notice and annual report will only be dispatched upon specific request from members.