Ahmedabad Steelcraft Limited has successfully concluded its 6th Board Meeting for the financial year 2025-26, held on February 07, 2026, at the company's corporate office in Ghaziabad. The board meeting resulted in significant management appointments that strengthen the company's leadership structure and corporate governance framework.

Board Meeting Outcomes

The board meeting, which commenced at 5:00 PM and concluded at 5:30 PM, addressed key appointments that had been previously announced. The directors formally ratified and approved two crucial management positions in compliance with SEBI regulations.

Company Secretary Ratification

The board formally ratified the appointment of Mrs. Anuja Jain as Company Secretary and Compliance Officer, which was initially announced on January 31, 2026. Mrs. Jain holds membership number A67776 with the Institute of Company Secretaries of India and brings substantial expertise in secretarial compliances, corporate law, and listing regulations to her role.

New CFO Appointment

In a significant development, the board appointed Ms. Nisha as Chief Financial Officer and Key Managerial Personnel, effective February 07, 2026. This appointment strengthens the company's financial leadership and ensures robust financial management practices. The appointment details have been provided in accordance with Regulation 30 of SEBI regulations and the SEBI Master Circular dated January 30, 2026.

Regulatory Compliance Framework

The company has authorized its Key Managerial Personnel for determining the materiality of events and making requisite disclosures to stock exchanges, as mandated under Regulation 30(5) of the Listing Regulations. Mrs. Anuja Jain has been designated as the primary contact for regulatory disclosures, with her contact details formally communicated to BSE Limited.

Company Information

Ahmedabad Steelcraft Limited operates with CIN L27109GJ1972PLC011500 and maintains its registered office in Ahmedabad, Gujarat, while its corporate office is located in Ghaziabad, Uttar Pradesh. The company is listed on BSE with scrip code 522273 and continues to demonstrate its commitment to transparent corporate governance through timely regulatory disclosures and compliance with SEBI requirements.

Financial Performance

Ahmedabad Steelcraft reported a robust financial performance for Q2 FY26:

Ahmedabad Steelcraft's revenue from operations increased to ₹6,467.52 lakh in Q2 FY26, up from ₹4,267.73 lakh in Q1 FY26. This represents a quarter-on-quarter growth of approximately 51.5%. The company's net profit for Q2 FY26 stood at ₹746.39 lakh, more than doubling from ₹336.35 lakh in the previous quarter.

For the half-year ended September 30, the company's revenue reached ₹10,735.25 lakh, with a net profit of ₹1,082.74 lakh.

Leadership Change

In a separate development, Ahmedabad Steelcraft announced the resignation of its Chief Financial Officer (CFO), Mr. Kamlesh Kumar Sharma. The resignation will be effective from the close of business hours on November 11. Mr. Sharma is stepping down to take up the position of CFO at another group company.

The company's board of directors, in a meeting held on November 11, accepted Mr. Sharma's resignation. In his resignation letter, Mr. Sharma expressed gratitude for the opportunities and experiences gained during his tenure with Ahmedabad Steelcraft Limited.

Board Meeting Highlights

The board meeting, which commenced at 4:30 p.m. and concluded at 5:45 p.m. on November 11, also approved the following:

1. Standalone Un-Audited Financial Results for Q2 and H1 FY26, prepared in accordance with Ind-AS.
2. Standalone Limited Review Report on the Un-Audited Financial Results, issued by M/s. Prateek Gupta & Co., Chartered Accountants, the company's statutory auditors.

Ahmedabad Steelcraft Limited continues to demonstrate strong financial performance, with significant growth in both revenue and profitability. The company's ability to more than double its quarterly net profit indicates effective cost management and operational efficiency. However, the departure of the CFO may present short-term challenges in financial leadership, which the company will need to address promptly to maintain its growth trajectory.