Shareholders meeting

17th September, 2026 To, To, Listing Department Listing Department BSE Limited National Stock Exchange of India Limited 25th Floor, P. J. Towers, Exchange Plaza, C-1, Block G, Bandra Kurla Dalal Street, Complex, Bandra (E), Mumbai - 400 001 Mumbai -400 051 Security Code: 540923 Security Symbol: ASHOKAMET Dear Sir/Madam, Sub: Proceedings of 17th Annual General Meeting of the Members of Ashoka Metcast Limited In compliance with Regulation 30 read with sub-para 13 of Para A of Part A of Schedule Ill of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith proceedings of 17th Annual General Meeting of the Company held today i.e. on 17th September, 2026, from 3 ~3 0 P. M. IST to 3 ! 3::J-P.11 ,IST through Video Conference (VC)/ Other Audio Visual Means (OAVM). Kindly find the same in order and take on your record. Thanking you. Yours Faithfully, For Ashoka Metcast Limited Ashok Shah Managing Director DIN: 02467830 Ashoka Metcast Limited Reg. Ofc: Corporate House-2, Anam-2, lscon Ambli BRTS Road, Nr. Vakil 5Cl'heb Bridge, Ambli, Ahmedabad-380058, Gujarat, India Website: www.ashokametcast.in CIN: L46620GJ2009PLC057642 Phone: 6358028106 Email: info@ashokametcast.in SUMMARY OF PROCEEDINGS OF THE 17rH ANNUAL GENERAL MEETING (AGM} OF ASHOKA METCAST LIMITED HELD ON THURSDAY, 17rH SEPTEMBER, 2026 AT 3'.30 P.l"J. IST THROUGH VIDEO CONFERENCING (VC}/OTHER AUDIO VISUAL MEANS (OAVM} The 17th Annual General Meeting (AGM) of the Company was held on Thursday, 17th September, 2026 through Video Conferencing (VC)/Other Audio Visual Means (OAVM) in compliance with the relevant circulars issued by the Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI) and in accordance with the applicable provisions of the Companies Act, 2013 read with the Rules framed thereunder and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Shalin Shah, Director of the Company, welcomed all the Members to the 17th Annual General Meeting of the Company. He informed the Members that, in accordance with the applicable MCA and SEBI circulars and guidelines, the Company was conducting the AGM through Video Conferencing. As decided by the Board of Directors, Mr. Shalin Shah presided over the meeting as Chairman. The Chairman informed the Members that the requisite quorum was present and accordingly declared the meeting duly constituted and called it to order. He further informed that the participation of Members through Video Conferencing was being considered for the purpose of determining the quorum in accordance with the applicable MCA circulars and Section 103 of the Companies Act, 2013. The Chairman thereafter introduced the Directors, Key Managerial Personnel and Auditors attending the meeting through video conference, as follows: • Mr. Ashok Shah, Managing Director; • Mr. Hiteshkumar Donga, Non-Executive Director; • Mr. Rushabh Shah, Independent Director; • Mrs. Jhanvi Sethi, Additional (Independent) Director; • Mr. Kunjan Rathod, Independent Director; • Mr. Chandrakant Chauhan, Chief Financial Officer; • Mr. Ankur Rastogi, Company Secretary & Compliance Officer; • Mr. Shivam Soni, representing M/s. GMCA & Co., Chartered Accountants, Statutory Auditors of the Company; and • Mr. Chintan Patel, Practicing Company Secretary, Secretarial Auditor of the Company. The Chairman further informed the Members that Mr. Ashok Shah, Managing Director, Mr. Hiteshkumar Donga, Director, Mr. Chintan Patel, Secretarial Auditor, and Mr. Shalin Shah, Chairman, who had joined the meeting as panelists, were also Members of the Company and their presence was considered for the purpose of quorum. ~-::::::r-. ~~.c ·- .i· .r .... ., ,., Ashoka Metcast Limited ~c;- ·v~ Reg. Ofci Corporate House-2, Anam-2, lscon Ambli BRTS Road, Nr. Vakil Saheb Bridge, Ambli Mr.o\tDfJ!:.tl ~,p .C:::,~ Ahmedabad-380058, Gujarat, India Website: www.ashokametcast.in CIN: L46620GJ2009PLC057642 Phone: 6358028106 Email: info@lashokametcast.in b' -~ The Chairman informed the Members that the Company had made all necessary arrangements to facilitate the participation of shareholders in the AGM and to enable them to exercise their voting rights. The Chairman further informed that the Statutory Registers and other documents referred to in the Notice and Explanatory Statement had been made available electronically for inspection by the Members up to the date of the AGM. Members could request inspection of the said documents by writing to the Company at compliance@ashokametcast.in. With the permission of the Members, the Notice of the 1 Annual General Meeting along with the Annual Report, including the Board's Report and Auditors' Reports, which had already been circulated to the Members, was taken as read. The Chairman further informed that the observations made by the Statutory Auditor and Secretarial Auditor in their respective reports were self-explanatory and were also taken as read. The Chairman then gave a brief overview of the performance of the Company during the financial year under review. He informed that the Company was engaged in the business of trading of TMT bars and Round Bars. The Chairman informed that the Profit after Tax on a standalone basis stood at Rs. 50.20 Lakhs during the financial year 2025-26 as compared to Rs. 239.01 Lakhs in the previous financial year. He further informed that on a consolidated basis, the Company recorded a Profit after Tax of Rs. 1,079.98 Lakhs during the financial year 2025-26 as compared to Rs. 548.52 Lakhs in the previous financial year. The Chairman stated that the consolidated performance reflected the continued growth of the Group's business and provided a positive foundation for the Company to pursue further opportunities and strengthen its performance in the coming years. The Chairman then briefed the Members on the business items forming part of the Notice of the 17th Annual General Meeting, which were as follows: l. To receive, consider and adopt the Standalone and Consolidated Financial Statements of the Company for the year ended 31st March, 2026, including Audited Balance Sheet as at 31st March, 2026 and Statement of Profit and Loss and the Cash Flow Statement for the year ended on that date and the Reports of the Board of Directors and the Auditors thereon; 2. Re-appointment of Mr. Shalin Ashok Shah, Non-Executive Director of the Company, who is liable to retire by rotation and, being eligible, offers himself for re-appointment; Ashoka Metcast Limited Reg. Ofc: Corporate House-2, Anam-2, lscon Ambli BRTS Road, Nr. Vakil Saheb Bridge, Ambli, Ahmedabad-380058, Gujarat, India Website: www.ashokametcast.in CIN: L46620GJ2009PLC057642 Phone: 6358028106 Email: info@ashokametcast.in 3. Regularization of appointment of Mrs. Jhanvi Vikas Sethi as a Non-Executive Independent Director of the Company; 4. Approval for enhancement of the limit for availing financial assistance from the Promoter and Promoter Group and conversion of loan into equity shares; 5. Entering into material related party transactions with Rhetan TMT Limited; 6. Entering into material related party transactions with Ashnisha Industries Limited; 7. Entering into material related party transactions with Lesha Industries Limited; 8. Entering into material related party transactions with Gujarat Natural Resources Limited; and 9. Entering into material related party transactions with Lesha Ventures Private Limited. The Chairman further informed that the Notice of the 17th Annual General Meeting and the Annual Report, containing the Audited Financial Statements for the year ended 3151 March, 2026 and the Board's and Auditors' Reports, had been sent by electronic mode to those Members whose e-mail addresses were registered with the Company or the Depositories as on the cut-off date mentioned in the AGM Notice. The Chairman informed that the remote e-voting facility was made available to t [Showing first 8,000 characters — download PDF for full document]