Outcome of Board Meeting

LIMITED 12th August, 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, Dalal St.-eet, Sandra Kurla Complex, Sandra (E), Mumbai-400 001 Mumbai -400 051 Security Code: 540923 Security Symbol: ASHOKAMET Dear Sir/ Madam, Sub: Outcome of Board Meeting In continuation to our communication dated 7th August, 2026 informing the date of Board Meeting, we hereby submit that the Board of Directors of the Company at its meeting held today i.e. 121hA ugust, 2026 has taken inter-alia the following decisions: 1) Approved appointment of Mrs. Jhanvi Vikas Sethi (DIN: 08593000) as Additional (Independent) Director of the Company w.e.f. 12th August, 2026 for a period of five years subject to the approval of members in ensuing Annual General Meeting. 2) Approved appointment of Mr. Chandrakant Natubhai Chauhan as the Chief Financial Officer of the Company w.e.f. 12th August, 2026. 3) Approved the Standalone & Consolidated Unaudited Financial Results for the Quarter ended 30th June, 2026 along with Limited Review report thereon. 4) Approved shifting of Registered Office Address of the Company from 7th Floor, Ashoka Chambers, Opp. HCG Hospital, Mithakhali Six Roads, Mithakhali - 380 006, Ahmedabad, Gujarat, India to the following address: Reg. Office Address: Corporate House-2, Anam-2, lscon Ambli BRTS Road, Nr. Vakil Saheb Bridge, Ambli, Ahmedabad - 380 058, Gujarat, India. 5) Approved re-constitution of Audit Committee, Nomination & Remuneration Committee and Stakeholders Relationship Committee of the Company with effect from 12th August, 2026, the details of which are attached as Annexure -1. 6) Approved conversion of loan into equity shares from Promoter and Promoter Group under section 62 (3) of the Companies Acts, 2013 not exceeding Rs. 50 Crore, subject to the approval of Shareholders in ensuing Annual General Meeting. Ashoka Metcast Limited I Reg. Office: 7th Floor, Ashoka Chambers, Opp. HCG Hospital, Mithakhali Six Roads,_ Mithakhali, Ahmedabad - 380 006, Gujarat, India. Website: www.ashokametcast.in Email: info@ashokametcast.in CIN: L46620GJ2009PLC057642 T: 079 26463226 8) Approved Notice convening and holding the 17th Annual General Meeting of the memuers of the Company on Thursday, 17th September, 2026 at 3:30 P.M. IST through Video Conferencing (VC) or other Audio Visual Means (OAVM) in accordance with the relevant circulars issued by the Ministry of Corporate Affairs (MCA) and the Securities Exchange Board of India (SEBI). 9) Approved the Board's Report along with the Annexures for the Financial Year 2025-26. 10) Fixed the dates of book closure, cut-off date for the purpose of e-voting & e-voting period. (dates will be intimated through a separate letter) 11) Appointed Mr. Chintan K. Patel, Practicing Company Secretary, Ahmedabad, as the Scrutinizer, to scrutinize the entire voting process of AGM including remote e-voting in a fair and transparent manner. The Board Meeting commenced at 5:go P.M. and concluded at -::t: ISP. t1. You are requested to take the same on your record. Thanking You. Yours Faithfully, For Ashoka Metcast Limited /J;iJ/(c JlJ-i Ashok C. Shah Managing Director DIN: 02467830 Ashoka Metcast Limited I Reg. Office: 7th Floor, Ashoka Chambers, Opp. HCG Hospital, Mithakhali Six Roads, Mithakhali, Ahmedabad - 380 006, Gujarat, India. Website: www.ashokametcast.in Email: info@ashokametcast.in CIN: L46620GJ2009PLC057642 T: 079 26463226 Annexure-1 Composition of Reconstituted Committees is as follows: A. Re-constituted Audit Committee w.e.f. 12th August, 2026: Sr. Name Position Designation 1. Mr. Kunjan Rathod Chairperson Non-Independent Director 2. Mr. Shalin Shah Member Non-Executive Director 3. Mr. Rushabh Shah Member Non-Independent Director B. Re-constituted Nomination & Remuneration Committee w.e.f. 12th August, 2026: Sr. Name Position Designation 1. Mr. Rushabh Shah Chairperson Non-Independent Director 2. Mr. Shalin Shah Member Non-Executive Director 3. Mr. Kunjan Rathod Member Non-Independent Director C. Re-constituted Stakeholders Relationship Committee w.e.f. 12th August, 2026: Sr. Name Position Designation 1. Mr. Kunjan Rathod Chairperson Non-Independent Director 2. Mr. Shalin Shah Member Non-Executive Director 3. Mr. Rushabh Shah Member Non-Independent Director For Ashoka Metcast Limited Ashok C. Shah Managing Director DIN: 02467830 Ashoka Metcast limited Reg. Office: 7th Floor, Ashoka Chambers, Opp. HCG Hospital, Mithakhali Six Roads, Mithakhali, Ahmedabad - 380 006, Gujarat, India. Website: www.ashokametcast.in Email: info@ashokametcast.in CIN: L46620GJ2009PLC057642 T: 079 26463226 ASHOKA METCAST LIMITED Reoistered Office. 7th Floor, Ashoka Chambers,Ooo. HCG Hospital ,Mithakhali Six Road , Ahmedabad 380 006, Gujarat, India. CIN:L46620GJ2009PLC057642 STATEMENT OF STANDALONE UNAUDITED FINANCIAL RES UL TS FOR THE QUARTER ENDED JUNE 30, 2026. (Rs. in Lakh except per share data' Quarter Ended Year Ended Particulars 3010612026 31/03/2026 3010612025 31/03/2026 Unaudited Audited Unaudited Audited 1 Income From Operations a) Revenue From Operations . 68.86 185.43 41.83 326.18 (b) Other Income 17.67 55.55 46.44 110.31 Total Income 86.53 240.98 88.27 436.49 2 Expenses a) Cost Of Materials Consumed 0.00 0.00 0.00 0.00 l(b) Purchase Of Stock-In-Trade 68.01 182.42 38.06 306.42 c) Increase/Decrease In Inventories Of FG, WIP And Stock-In-Trade 0.00 0.00 0.00 0.00 d) Emolovee Benefits Expense 0.14 0.72 0.32 1.88 e) Finance Cost 0.00 0.00 0.00 0.00 (fl Depreciation And Amortisation Expense 2.67 25.57 0.88 28.25 :a1 Other Exoenses 8.14 14.94 12.21 32.85 Total Expenses 78.96 223.65 51.47 369.40 3 Profit/(Lossl Before Exceotional Items And Tax (1-2) 7.57 17.33 36.80 67.09 4 Exceptional Items 0.00 0.00 0.00 0.00 5 Profit/ILossl Before Extraordinarv Items (3-41 7.57 17.33 36.80 67.09 6 Extraordinary Items 0.00 0.00 0.00 0.00 7 Profit/Closs) Before Tax 15-6\ 7.57 17.33 36.80 67.09 8 Tax Expense a) Current Tax 0.00 17.52 0.00 17.52 bl Deferred Tax 0.00 -0.63 0.00 -0.63 Total Tax Expenses 0.00 16.89 0.00 16.89 9 Profit I ILossl For the Period From CantinuinQ Operations (7-8) 7.57 0.44 36.80 50.20 10 Profit (Loss) From Discontinuing Operations 0.00 0.00 0.00 0.00 11 Tax Expense Of Discontinuing Operations 0.00 0.00 0.00 0.00 12 Profit (Loss) From Discontinuing Operations (After Tax)(10-11) 0.00 0.00 0.00 0.00 13 Other Comprehensive Income A(i) Items that Wiii Not Be Reclassified to Profit Or Loss 0.00 0.00 0.00 0.00 (ii) Income tax relating to items that will not be reclassified to profit or loss 0.00 0.00 0.00 0.00 B (i) Items that Will Be Reclassified to Profit Or Loss 0.00 0.00 0.00 0.00 ii) Income Tax Relating to Items that Will Be Reclassified to Profit Or Loss 0.00 0.00 0.00 0.00 Other Comprehensive Income For the Period 0.00 0.00 0.00 0.00 14 Total Comprehensive Income For the Period 7.57 0.44 36.80 50.20 15 Paid-Up eauitv Share Capital (Face Value Of Rs 10/-Eachl* 2499.60 2499.60 2499.60 2499.60 16 Other Eauity - - - 1435.20 Earnings Per Share (Before Exceptional Items) (Not Annualised): l(a) Basic 0.03 0.00 0.15 0.20 b) Diluted 0.03 0.00 0.15 0.20 Earnings Per Share After Exceptional Items) (Not Annualised): (a) Basic 0.03 0.00 0.15 0.20 l(b) Diluted 0.03 0.00 0.15 0.20 1) The above standalone financial results have been reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on August 12, 2026. The Limited Review under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 has been carried out by the statutory auditors. The Limited Review Report does not contain any observation which could have an impact on the results for the quarter ended June 30, 2026. 2) Company currently operates in multi-segment of trading of steel and chemical activities. 3) The financial results have been prepared in acccordance with Ind AS as prescribed under Section 133 of the Companies A [Showing first 8,000 characters — download PDF for full document]