Shree Precoated Steels Ltd held its 18th Annual General Meeting on September 30, 2026, where members adopted the audited financial statements for the fiscal year ended March 31, 2026. The meeting also approved the re-appointment of Managing Director Harsh L. Mehta, who retired by rotation and offered himself for re-election.

The proceedings were conducted entirely through Video Conferencing and Other Audio-Visual Means, complying with Ministry of Corporate Affairs and Securities and Exchange Board of India circulars. The session commenced at 11:00 am and concluded at 11:24 am. Mr. Harsh Mehta was elected as the Chairman of the meeting by the directors present.

Resolution Highlights

The shareholders transacted two ordinary business items during the meeting. The first involved receiving, considering, and adopting the audited financial statements along with the Directors' and Auditors' reports. The second resolution concerned the re-appointment of a director.

Mr. Haresh Sanghvi, a practising company secretary from Mumbai, served as the scrutinizer to ensure a fair and transparent e-voting process. Voting results were scheduled for declaration within two working days following the conclusion of the meeting.

Meeting Proceedings

The Chairman informed members that the notice convening the meeting and the annual report had been circulated via email within statutory timelines. Since the statutory auditors' report contained no qualifications or adverse remarks, it was not read aloud during the session. Documents available for inspection included the register of directors, key managerial personnel, and their shareholding, as well as the register of contracts and arrangements.

No registered speakers joined the meeting to ask questions. The meeting concluded with a vote of thanks to the chair.

Shree Precoated Steels Limited will hold its 18th Annual General Meeting on September 30, 2026. The meeting will be conducted via video conferencing or other audio-visual means at 11:00 am.

The company disclosed the details under Regulation 30 and Regulation 47 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The notice was published in Financial Express and Mumbai Lakshadeep newspapers.

Meeting Details

The AGM will take place without the physical presence of members at a common venue. Shareholders can access further information on the company’s website.

Priyanka Khandelwal, Company Secretary and Compliance Officer, signed the disclosure dated September 4, 2026.

Agenda Items

Shareholders will transact the following ordinary business during the meeting:

• Receive, consider, and adopt the Audited Financial Statements for the financial year ended March 31, 2026, along with the reports of Directors and Auditors.
• Appoint a director in place of Mr. Harsh L. Mehta (DIN: 01738989), who retires by rotation and offers himself for reappointment.

Director Reappointment

Mr. Harsh L. Mehta, Managing Director, seeks reappointment. He brings over 22 years of experience in project management, finance, and legal affairs. His remuneration last drawn was ₹21.21 lakh including all perquisites. He attended four board meetings during FY25-26.

Financial Performance

The company incurred a total comprehensive loss of ₹58.23 lakh for FY26, a slight improvement from the ₹60.49 lakh loss recorded in the previous financial year. Total income stood at ₹367.93 lakh, primarily driven by other income, while total expenditure was ₹427.88 lakh. Revenue from operations remained nil for both periods.

What the Numbers Show

The company's current ratio deteriorated significantly to 0.01 from 0.14 in the prior year. This decline was driven by a substantial decrease in current assets from ₹53.41 lakh to ₹3.22 lakh, alongside an increase in current liabilities from ₹381.20 lakh to ₹440.01 lakh. Despite the negative net worth, the accounts have been prepared on a going concern basis.