Ashoka Metcast Holds 17th AGM; Consolidated PAT at ₹1,079.98 Lakhs for FY26
Ashoka Metcast Limited's 17th AGM was held on September 17, 2026. Consolidated PAT for FY26 reached ₹1,079.98 Lakhs, up from ₹548.52 Lakhs in FY25. Standalone PAT was ₹50.20 Lakhs. Key proposals included director re-appointments and related party transactions.
The AGM discussed financial performance and several related party transactions which could have a material impact on the company's operations and financials.
The consolidated financial performance showed significant growth, which is a positive indicator for the company's future prospects.
Ashoka Metcast Limited held its 17th Annual General Meeting (AGM) on September 17, 2026, conducted through Video Conferencing (VC)/Other Audio Visual Means (OAVM). The meeting commenced at 3:30 PM IST.
During the AGM, the company's performance for the financial year 2025-26 was reviewed. On a standalone basis, the Profit after Tax (PAT) was ₹50.20 Lakhs, a decrease from ₹239.01 Lakhs in the previous financial year. However, on a consolidated basis, the Group's PAT significantly increased to ₹1,079.98 Lakhs for FY26, compared to ₹548.52 Lakhs in FY25, reflecting continued business growth.
The agenda for the AGM included the adoption of standalone and consolidated financial statements for the year ended March 31, 2026, the re-appointment of Mr. Shalin Ashok Shah as Non-Executive Director, and the regularization of Mrs. Jhanvi Vikas Sethi as Non-Executive Independent Director. Additionally, shareholders would vote on proposals related to enhancing financial assistance limits from promoters, conversion of loans into equity, and entering into material related party transactions with Rhetan TMT Limited, Ashnisha Industries Limited, Lesha Industries Limited, Gujarat Natural Resources Limited, and Lesha Ventures Private Limited.
The remote e-voting facility was available from September 14 to September 16, 2026. The results of both remote e-voting and voting at the AGM were to be declared within two working days of the meeting's conclusion.
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