Latest news about Ashoka Metcast
Ashoka Metcast
15.79
-0.26(-1.62%)
Company Performance:
View Company Insights1D-1.62%
1M-4.99%
6M-2.17%
1Y-12.52%
5Y-6.84%
More news about Ashoka Metcast
04Mar 26
Ashoka Metcast Limited Regularizes Appointment of Independent Director Through Postal Ballot
Ashoka Metcast Limited has regularized Mr. Kunjan Nathabhaji Rathod's appointment as Non-Executive Independent Director through postal ballot approval. The five-year appointment runs from 13th December, 2025 to 12th December, 2030. Mr. Rathod brings over five years of transport and logistics management experience to the board. The company confirmed regulatory compliance and absence of any debarment orders against the new director.
04Mar 26
Ashoka Metcast Expands Business Scope with Commodity Trading Through Postal Ballot
Ashoka Metcast Limited completed its postal ballot process on March 4, 2026, with shareholders approving two special resolutions including director regularization and memorandum alteration. The key development involves adding comprehensive commodity trading operations to the company's business objectives, covering agricultural and non-agricultural commodities, metals, energy products through various trading methods and derivative contracts globally.
13Feb 26
Ashoka Metcast Limited Reports Q3FY26 Financial Results with Mixed Performance
Ashoka Metcast Limited announced its Q3FY26 financial results showing contrasting performance between standalone and consolidated operations. While standalone net profit declined significantly to ₹4.24 lakh from ₹40.20 lakh YoY, consolidated operations demonstrated strong growth with net profit increasing 150.96% to ₹449.01 lakh, driven primarily by steel trading segment performance.
30Jan 26
Ashoka Metcast Limited Board Approves Amendment to Memorandum of Association for Commodities Trading Business
Ashoka Metcast Limited's Board of Directors approved an amendment to the company's Memorandum of Association on 30th January, 2026, to include commodities trading as a new business object. The new clause will enable trading in various commodities including metals, bullion, minerals, and energy products through physical and derivative instruments. The amendment requires member approval through postal ballot by e-voting and has been disclosed in compliance with SEBI regulations.
13Dec 25
Ashoka Metcast Limited Appoints Kunjan Nathbhai Rathod as Independent Director
Ashoka Metcast Limited has appointed Mr. Kunjan Nathbhai Rathod as Additional Independent Director for a 5-year term, effective December 13, 2025. Mr. Rathod brings over five years of experience in transport and logistics management. The appointment, subject to shareholder approval, complies with SEBI regulations and aims to enhance the company's strategic decision-making and governance structure.
12Nov 25
Ashoka Metcast Reports Mixed Q2 Results with Revenue Dip and Profit Growth
Ashoka Metcast Limited announced Q2 FY2026 results with consolidated revenue dropping 63.6% YoY to Rs 521.19 lakhs. Despite revenue decline, profit after tax reached Rs 296.08 lakhs. The company's steel trading segment contributed all revenue. Balance sheet shows total assets of Rs 15,908.14 lakhs and increased shareholders' funds. Cash and cash equivalents stood at Rs 83.80 lakhs at period end.
11Aug 25
Ashoka Metcast Reports Mixed Q1 Results: Consolidated Revenue Drops, Profit Declines
Ashoka Metcast Limited's Q1 FY24 results show a significant decline in financial performance. Consolidated revenue fell 51.55% year-on-year to Rs 545.39 lakh, while net profit decreased 26.15% to Rs 112.59 lakh. Standalone revenue dropped 18.89%, and net profit fell 65.82%. The company's steel trading segment generated the entire consolidated revenue. Consolidated EPS decreased to Rs 0.45 from Rs 0.61 in the previous year.
06Aug 25
Ashoka Metcast Shareholders Approve Authorized Share Capital Increase
Ashoka Metcast Limited has obtained shareholder approval to increase its authorized share capital from Rs. 75.00 crore to Rs. 95.00 crore. The resolution passed with 99.99% votes in favor through a postal ballot conducted via remote e-voting. The number of equity shares will increase from 7.5 crore to 9.5 crore, each with a face value of Rs. 10. The promoter group and public non-institutional shareholders showed strong support with 100% and 99.48% votes in favor, respectively. This increase provides the company with greater financial flexibility for potential future initiatives.
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