Ashoka Metcast Limited has successfully concluded its postal ballot process on March 4, 2026, with shareholders approving two critical special resolutions with substantial majority support. The company conducted the voting process through remote e-voting mechanism under the supervision of appointed scrutinizer Mr. Chintan K. Patel and subsequently filed the results with BSE and NSE exchanges.

Postal Ballot Process Overview

The postal ballot was conducted pursuant to Sections 108, 110 and other applicable provisions of the Companies Act, 2013, along with Regulation 44 of the SEBI Listing Regulations. The remote e-voting process commenced on February 3, 2026 at 9:00 A.M. and concluded on March 4, 2026 at 5:00 P.M.

Resolution Results

Resolution 1: Director Appointment Regularization

The first special resolution concerning the regularization of appointment of Mr. Kunjan Nathabhaji Rathod (DIN: 10964701) as Non-Executive Independent Director received strong shareholder support.

Resolution 2: Memorandum Alteration for Commodity Trading

The second special resolution for alteration (addition) in Object Clause of the Memorandum of Association achieved near-unanimous approval, enabling the company to expand into commodity trading business.

New Business Objective: Commodity Trading

The approved memorandum alteration introduces a comprehensive commodity trading objective as Clause III [A] (6) in the Main Object Clause. The new business scope encompasses trading, buying, selling, importing, exporting, investing in, arbitraging, hedging and dealing in commodities of every kind and description permitted by law.

Regulatory Filing and Compliance

The company filed the voting results with BSE (Security Code: 540923) and NSE (Symbol: ASHOKAMET) on March 4, 2026, as required under Regulation 30 of SEBI Listing Regulations. Managing Director Ashok C. Shah (DIN: 02467830) signed the regulatory filing, confirming compliance with all applicable provisions including SEBI Master Circular requirements.

Voting Participation Analysis

The postal ballot witnessed significant participation from the promoter and promoter group, who hold 13410000 shares and voted unanimously in favor of both resolutions. Public non-institutional shareholders showed active participation with over 140000 votes polled across both resolutions, representing strong engagement in the company's strategic expansion plans.

Both special resolutions have been deemed passed with the requisite majority, enabling the company to proceed with director regularization and commence commodity trading operations as approved by shareholders. The voting results and scrutinizer's report are available on the company's website and CDSL's e-voting platform.

Ashoka Metcast Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, following the board meeting held on February 13, 2026. The company submitted both standalone and consolidated financial statements to BSE and NSE under Regulation 33 of SEBI (LODR) Regulations, 2015.

Board Meeting Outcome

The board meeting was conducted at the company's registered office and concluded the review of quarterly financial performance:

Standalone Financial Performance

The company's standalone operations showed modest performance for Q3FY26:

For the nine months ended December 31, 2025, standalone revenue from operations reached ₹140.75 lakh compared to ₹179.78 lakh in the corresponding period, while net profit stood at ₹49.76 lakh versus ₹233.33 lakh in the previous year.

Consolidated Financial Results

The consolidated performance demonstrated stronger operational metrics:

Segment-wise Performance

The company operates in multiple business segments with varying contributions:

Regulatory Compliance

The financial results were reviewed by G M C A & CO., Chartered Accountants (FRN: 109850W), with CA. Mitt S Patel (Membership No: 163940) serving as the reviewing partner. The limited review reports for both standalone and consolidated results contained no adverse observations. The results were prepared in accordance with Ind AS as prescribed under Section 133 of the Companies Act, 2013, and comply with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.