Ashnisha Industries Limited has delivered a robust financial performance in Q3FY26, demonstrating significant growth across key operational metrics. The company, which operates in trading of steel and chemical activities, reported its unaudited financial results for the quarter ended December 31, 2025, showing marked improvement over the previous year.

Financial Performance Overview

The company's operational revenue witnessed substantial growth during the quarter, reflecting strong business momentum and improved market conditions.

Expense Management and Profitability

The company maintained effective cost control while scaling operations. Purchase of stock-in-trade constituted the largest expense component at ₹257.46 lakhs for Q3FY26 compared to ₹68.48 lakhs in the previous year. Employee benefits expense remained stable at ₹1.34 lakhs versus ₹1.13 lakhs in Q3FY25. Other expenses increased to ₹3.31 lakhs from ₹1.37 lakhs, reflecting business expansion activities.

Nine-Month Performance

For the nine months ended December 31, 2025, Ashnisha Industries reported revenue from operations of ₹293.24 lakhs compared to ₹179.54 lakhs in the corresponding period of the previous year. The company achieved a net profit of ₹16.35 lakhs for the nine-month period versus ₹6.37 lakhs in the previous year.

Capital Structure Enhancement

A significant corporate development during the quarter was the successful completion of a rights issue. The company allotted 164125000 Rights Equity Shares on November 12, 2025, resulting in an increase of paid-up share capital from ₹101000000 to ₹265125000. The shares were permitted to trade with effect from November 14, 2025.

Segment Performance

Steel trading remains the primary business segment for Ashnisha Industries. The segment generated revenue of ₹258.74 lakhs in Q3FY26 compared to ₹68.69 lakhs in Q3FY25. The segment result for steel trading showed a profit of ₹1.28 lakhs for the quarter. The company's capital employed in steel operations stood at ₹2185.16 lakhs as of December 31, 2025.

Earnings Per Share

Basic and diluted earnings per share for Q3FY26 were ₹0.002 each, compared to ₹0.001 each in the corresponding quarter of the previous year. For the nine-month period, both basic and diluted EPS were ₹0.006 each.

The financial results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on February 14, 2026. The Limited Review under Regulation 33 of the SEBI Listing Regulations has been carried out by statutory auditors without any material observations.

Ashnisha Industries Limited has issued a comprehensive postal ballot notice dated February 2, 2026, following its board meeting held on January 30, 2026. The notice outlines two special resolutions requiring shareholder approval through remote e-voting process, demonstrating the company's commitment to transparent corporate governance.

Postal Ballot Resolutions and Timeline

The postal ballot addresses critical corporate governance matters that require shareholder approval. The company has established a structured timeline for the voting process to ensure maximum participation from eligible shareholders.

Director Appointment Resolution

The first special resolution seeks regularization of Mr. Kunjan Nathabhai Rathod (DIN: 10964701) as Non-Executive Independent Director. He was initially appointed as Additional Director on December 13, 2025, and requires shareholder approval for a five-year term ending December 12, 2030.

Memorandum of Association Amendment

The second resolution proposes alteration in the company's MOA object clause to include commodities trading business. The new clause will enable the company to engage in trading, buying, selling, importing, exporting, and investing in various commodities including metals, minerals, energy products, and agricultural commodities.

The proposed addition aims to diversify business activities and capitalize on opportunities in the commodities market, allowing transactions in physical form and through derivative instruments both domestically and internationally.

E-Voting Process and Compliance

The company has engaged Central Depository Services (India) Limited (CDSL) for facilitating the e-voting process. Shareholders can vote through their demat accounts with CDSL/NSDL or directly through CDSL's e-voting platform. The voting is restricted to electronic mode only, with no physical postal ballot forms being dispatched.

The postal ballot notice complies with Section 108 and 110 of the Companies Act, 2013, and SEBI Listing Regulations. Results will be communicated to BSE Limited and uploaded on the company's website at www.ashnisha.in following the scrutinizer's report submission.