Windsor Machines Limited , a leading manufacturer of plastic-processing machinery, has reported a net loss of Rs. 305.61 lakhs for the quarter ended September 30, compared to a loss of Rs. 155.48 lakhs in the same period last year. Despite the widened losses, the company's revenue from operations increased to Rs. 6,960.46 lakhs from Rs. 5,838.18 lakhs year-over-year.

Strategic Decisions and Acquisitions

The Board of Directors has approved several strategic decisions aimed at strengthening the company's position in the market:

1. Acquisition of Unitech Workholding Systems: Windsor Machines plans to acquire 100% equity shares of Unitech Workholding Systems Private Limited for Rs. 42.00 crores. This acquisition is expected to be financed through a combination of cash (Rs. 17.00 crores) and a share swap (Rs. 25.00 crores).

2. Amalgamation with Global CNC: The company has approved a scheme of amalgamation with its wholly-owned subsidiary, Global CNC Private Limited. This move aims to combine resources, increase market share, and optimize operations.

3. Land Purchase and Corporate Office Relocation: The company plans to purchase non-agriculture land in Gujarat for Rs. 55.00 crores. Additionally, Windsor Machines intends to relocate its corporate office from Vatva, Ahmedabad, to its registered office in Thaltej, Ahmedabad, effective January 1.

Manufacturing Plant Relocation

Windsor Machines is shifting both its manufacturing plants to a new integrated facility in Chibhda, Rajkot:

• The Injection machinery plant relocation has been completed at a one-time cost of Rs. 219.00 lakhs.
• The Extrusion machinery plant relocation is set to commence soon.
• The company has settled with union workers, paying a total one-time amount of Rs. 1,161.61 lakhs across its Extrusion, Injection, and Thane locations.

Senior Management Appointments

To strengthen its leadership team, Windsor Machines has appointed four senior management personnel:

Preferential Issue for Acquisition

Windsor Machines Limited's Board of Directors has approved the issuance of 7,37,680 equity shares at Rs 338.90 per share, totaling Rs 24.99 crore. The shares will be issued on a preferential basis to five non-promoter individuals as consideration for acquiring 59.52% equity stake in Unitech Workholding Systems Private Limited. The allottees include Manishbhai Savjibhai Pipaliya, Rohitkumar Jamanbhai Donga, Punitkumar Dhirajlal Koradia, Chetan Bachubhai Makwana, and Karsan Arjan Maliya, each receiving 1,47,536 shares. This transaction is structured as a share swap arrangement and requires shareholder and regulatory approvals.

Preferential Issue Proceeds Utilization

Windsor Machines Limited has submitted its monitoring agency report for the quarter ended September 30, prepared by ICRA Limited. The report confirms no deviation from the stated objects of the preferential issue worth INR 725 crore, which included equity shares and warrants. The company has utilized INR 462.48 crore of the net proceeds across five main objectives:

1. Acquisition of Global CNC Private Limited: INR 342.77 crore utilized out of INR 344 crore allocated
2. Funding capex requirements: INR 81.71 crore utilized out of INR 165 crore
3. Working capital for the company: INR 10 crore utilized out of INR 63.80 crore
4. Working capital for Global CNC: INR 13 crore utilized out of INR 52.20 crore
5. General corporate purposes: INR 15 crore utilized out of INR 100 crore

The monitoring agency noted that INR 462.50 crore was credited to net proceeds accounts as only part payment was received against warrants. All statutory approvals, including GPCB approval, have been obtained, and the implementation timeline remains on schedule across all objectives.

These strategic decisions, operational changes, and the proper utilization of preferential issue proceeds come as Windsor Machines aims to consolidate its operations, expand its product offerings, and improve its market position in the plastic-processing machinery sector.

Windsor Machines Limited has announced its 62nd Annual General Meeting (AGM) to be held on Saturday, September 20, 2025, at 11:00 A.M. IST through video conferencing. The company has outlined several key agenda items for shareholder consideration:

Financial Statements and Reports

Shareholders will review and adopt the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2025, along with the reports of the Board of Directors and Auditors.

Director Re-appointment

Mr. Vivek Chopra, who retires by rotation, is proposed for re-appointment as a Non-Executive Non-Independent Director. Mr. Chopra brings over 15 years of experience in consulting, corporate strategy, and investing.

Appointment of New Statutory Auditors

The company proposes to appoint M/s. S K Patodia & Associates LLP as the new Statutory Auditors for a five-year term, replacing the retiring auditors M/s. JBTM & Associates LLP.

Cost Auditor Remuneration

Shareholders will consider ratifying the remuneration of ₹90,000.00 plus applicable taxes for M/s. Ashish Bhavsar & Associates as the Cost Auditors for FY 2025-26.

Appointment of Secretarial Auditors

The company seeks approval to appoint M/s. Kashyap R. Mehta & Associates as Secretarial Auditors for a five-year term from FY 2025-26 to FY 2029-30.

The AGM will be conducted virtually in compliance with applicable regulations. Shareholders are encouraged to participate through remote e-voting or e-voting during the meeting.

Windsor Machines has also provided detailed instructions for shareholders regarding e-voting procedures, speaker registration, and other meeting protocols in the AGM notice.