Universal Autofoundry Limited shareholders approved a special resolution to increase the company's borrowing limit during its 17th Annual General Meeting (AGM) held on July 27, 2026. The meeting, conducted via Video Conferencing/Other Audio-Visual Means (VC/OAVM), also saw the approval of related party transactions, the re-appointment of statutory auditors for a five-year term, and the ratification of cost auditor remuneration. These decisions reflect the Board's focus on optimizing capital structure and ensuring regulatory compliance for FY2026-27.

The AGM was chaired by Vimal Chand Jain, Chairman & Managing Director, who highlighted the company's operational and financial performance for FY2025-26. He noted the challenging business environment but emphasized strategic initiatives aimed at improving operational efficiency, optimizing costs, and diversifying the customer base to enhance long-term profitability. The Statutory Auditors' Report for the financial year ended March 31, 2026, contained no qualifications, reservations, adverse remarks, or disclaimers.

Key Resolutions Passed

Shareholders transacted both ordinary and special businesses. All seven resolutions were passed with requisite majority. The detailed voting results, verified by Scrutinizer Mitesh Kasliwal of Arms & Associates LLP, are summarized below:

Governance and Voting Process

The meeting commenced at 11:00 A.M. (IST) and concluded at 11:42 A.M. (IST), excluding the e-voting period. Remote e-voting was facilitated by National Securities Depository Limited (NSDL) from July 24, 2026, to July 26, 2026, with a cut-off date of July 20, 2026, for determining eligible shareholders. A total of 5,550 shareholders were on record, with 48 attending the meeting via VC/OAVM.

For the resolution regarding Related Party Transactions under Section 188, votes cast by interested promoter group members were treated as invalid and excluded from the calculation in compliance with Regulation 23 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Despite this exclusion, the resolution passed with 99.9991% support from non-related shareholders. The Consolidated Scrutinizer’s Report was submitted to BSE Limited on July 28, 2026.

Universal Autofoundry Limited's board has approved the notice for its 17th Annual General Meeting (AGM), scheduled to be held on July 27, 2026, via video conferencing. The meeting, held on June 30, 2026, also approved the re-appointment of Mr. Vikram Jain as Whole Time Director, subject to shareholder approval. The board approved the Board's Report for the financial year ended March 31, 2026, along with the Management Discussion and Analysis Report and the Report on Corporate Governance.

AGM Schedule and Voting

The board established the cut-off date as July 20, 2026, to determine shareholder eligibility. The e-voting period will commence on July 24, 2026, at 09:00 a.m. IST and conclude on July 26, 2026, at 5:00 p.m. IST. The company's books will remain closed from July 21, 2026, to July 27, 2026, for the purpose of the AGM. NSDL has been appointed as the agency to assist with conducting the e-voting facility, while M/s Arms & Associates LLP will act as the scrutinizer.

Audit Reports and Governance

The board approved the Secretarial Audit Report (Form MR-3) received from M/s Arm & Associates LLP for FY26. Additionally, the Cost Audit Report for FY26, received from M/s Girdhar Choudhary & Co and recommended by the Audit Committee, was approved. The trading window for directors and designated persons will open 48 hours after the declaration of financial results for the quarter ended June 30, 2026.