Zenith Steel Pipes & Industries Limited has scheduled its 64th Annual General Meeting for Wednesday, September 30, 2026. The meeting will be held via video conferencing or other audio-visual means at 3:00 pm.

The Register of Members will remain closed from Thursday, September 24, 2026, to Wednesday, September 30, 2026. Shareholders holding shares as of the record date, September 23, 2026, are eligible to vote.

Financial Performance for FY25-26

The company reported a standalone net profit of ₹310.34 lakh for the financial year ended March 31, 2026, a significant increase from ₹17.88 lakh in the previous year. Revenue from operations stood at ₹4,997.31 lakh, down from ₹11,909.25 lakh in FY24-25.

Other income rose substantially to ₹2,379.28 lakh from ₹1,016.26 lakh in the prior year. This included a provision write-back of ₹1,771.45 lakh and net foreign exchange gains of ₹336.04 lakh.

Key Agenda Items

Shareholders will consider several ordinary and special resolutions:

• Adoption of audited standalone and consolidated financial statements for FY25-26.
• Reappointment of Mr. Purushottam Digambar Sonavane as a director retiring by rotation.
• Ratification of remuneration for Cost Auditor M/s. Y. R. Doshi & Co. at ₹75,000 per annum.
• Appointment of M/s. Pimple & Associates as Secretarial Auditor for five years from FY26-27.
• Regularization of Mrs. Aradhana Nayak as an Independent Director.
• Approval of material related party transactions with Zenith USA Inc., Birla Precision Technologies Limited, and Birla Bombay Private Limited.

What the Numbers Show

The profit improvement is driven primarily by non-operational factors rather than core business growth. While revenue declined by approximately 58% due to lower operating volumes, other income more than doubled. The provision write-back constitutes a major portion of this other income, indicating that the bottom-line recovery is not solely reflective of operational efficiency but also accounting adjustments related to prior provisions.

The company did not recommend any dividend for the year ended March 31, 2026. Export turnover increased to ₹2,138.26 lakh from ₹1,956.37 lakh in the previous year.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE318D01020/0ef320bb-8e6f-4f90-b29c-242ab63636b8.pdf

Zenith Steel Pipes & Industries has appointed Mrs. Aradhana Nayak as an additional director in the category of non-executive independent director, effective August 24, 2026. The appointment is subject to shareholder approval at the ensuing general meeting.

Ms. Bhavika Sharma ceased to be an independent director on the same date following the completion of her tenure. She will also step down from all board committees effective August 24, 2026.

Appointment Details

Mrs. Nayak holds a postgraduate degree and a diploma in electronics and telecommunication engineering. Her background includes experience in technical and analytical fields, with expertise in electronics and telecommunication systems.

The company stated that her academic background and technical expertise provide strong analytical and problem-solving capabilities relevant to its operations. She is not related to any director or key managerial personnel of the company.

Mrs. Nayak’s term as an independent director will be for five years, subject to shareholder approval in accordance with the Companies Act, 2013 and SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Regulatory Compliance

The company confirmed that Mrs. Nayak is not debarred from holding the office of director by virtue of any order passed by SEBI or any other statutory authority. The disclosure was made pursuant to Regulation 30 of the SEBI LODR Regulations.

Ms. Sharma currently holds a directorship at Ok Play India Limited. The company enclosed requisite details regarding both the cessation and appointment as per SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026.