Sharvaya Metals adopts FY26 financials at 12th AGM held via VC
- Sharvaya Metals adopted FY26 financial statements at its 12th AGM
- Shreyans Ravindra Katariya reappointed as Director retiring by rotation
- Statutory auditors M/s. Pukhraj & Associates appointed for new term
- Cost auditor remuneration for FY27 ratified by shareholders
- No qualifications noted in statutory or secretarial audit reports
*this image is generated using AI for illustrative purposes only.
Sharvaya Metals Limited concluded its 12th Annual General Meeting on September 24, 2026, adopting the financial statements for the fiscal year ended March 31, 2026. The virtual meeting, conducted through Video Conferencing and Other Audio-Visual Means, saw the approval of key corporate resolutions including director appointments and auditor ratifications.
The proceedings were presided over by Shreyans Ravindra Katariya, Chairman and Managing Director. A total of 12 members attended the meeting virtually, with no proxies present. The requisite quorum was met, allowing the transaction of business in compliance with the Companies Act, 2013, and SEBI Listing Regulations.
Key Resolutions Passed
The shareholders transacted both ordinary and special business as outlined in the notice convening the meeting. The following resolutions were approved:
| Item | Resolution Details | Type |
|---|---|---|
| 1 | Adoption of Financial Statements for FY26, including Balance Sheet and Profit and Loss Account | Ordinary |
| 2 | Appointment of Director liable to retire by rotation (Shreyans Katariya) | Ordinary |
| 3 | Appointment of Statutory Auditors | Ordinary |
| 4 | Ratification of Remuneration for Cost Auditor for FY27 | Ordinary |
During the consideration of Item No. 2, regarding the retirement by rotation of Mr. Katariya, he abstained from presiding over that specific agenda item due to his personal interest. Ms. Surbhi Jain, Independent Director, took the chair for this item before Mr. Katariya resumed his role.
Meeting Logistics and Voting
The meeting was held from the company's registered office in Ahilyanagar, Maharashtra. Remote e-voting facilities were provided through Bigshare Services Private Limited, commencing on September 21, 2026, and concluding on September 23, 2026. Members present at the AGM who had not voted remotely were allowed to vote electronically during the session.
No members registered as speaker members within the prescribed timeline, resulting in no questions or queries being raised during the meeting. The statutory auditors, M/s. Pukhraj & Associates, expressed their inability to attend, while representatives from M/s. DMP & Associates, acting as Secretarial Auditors and Scrutinizers, attended virtually.
Strategic Context
In his address, the Chairman highlighted the successful listing of the company’s equity shares on the BSE SME Platform on September 12, 2025, as a significant milestone during the financial year 2025-26. The board reported no qualifications, reservations, adverse remarks, or disclaimers in the Statutory Auditors' Report or the Secretarial Audit Report, indicating clean compliance records for the period.
The consolidated voting results, along with the Scrutinizer's report, are to be announced and placed on the company website in accordance with regulatory requirements.
Historical Stock Returns for Sharvaya Metals
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.82% | +0.61% | -5.74% | +34.78% | -27.61% | -32.95% |
How will Sharvaya Metals leverage its recent BSE SME listing to fund capacity expansion or debt reduction in FY27?
What specific growth targets or operational milestones has management outlined for the upcoming fiscal year following the clean audit reports?
Given the low shareholder turnout, what initiatives is the company planning to enhance retail investor engagement and liquidity on the SME platform?
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