Ashoka Metcast Limited Approves Director Appointment, Restructures Committees, Announces Q1 Results
Ashoka Metcast Limited, in a recent Board meeting held on August 12, 2026, approved several key governance appointments and structural changes. The company also announced its standalone and consolidated unaudited financial results for the quarter ending June 30, 2026, along with approving significant operational and administrative decisions, including a change in registered office address and approval of loan conversion terms.Governance and Corporate Structuring Updates
The Board meeting ratified the appointment of Mrs. Jhanvi Vikas Sethi (DIN: 08593000) as an Additional (Independent) Director effective August 12, 2026, for a period of five years, pending subsequent member approval at the Annual General Meeting (AGM). Furthermore, Mr. Chandrakant Natubhai Chauhan was appointed as the Chief Financial Officer (CFO), also effective from August 12, 2026.
The company approved the shifting of its Registered Office Address. The new address is Corporate House-2, Anam-2, lscon Ambli BRTS Road, Nr. Vakil Saheb Bridge, Ambli, Ahmedabad - 380 058, Gujarat, India, replacing the previous location in Mithakhali.
The Board also approved the re-constitution of three critical committees: the Audit Committee, the Nomination & Remuneration Committee, and the Stakeholders Relationship Committee, effective August 12, 2026.
A significant corporate financial decision was also approved, allowing for the conversion of loans into equity shares from the Promoter and Promoter Group up to a limit of Rs. 50 Crore, subject to shareholder approval at the ensuing Annual General Meeting.
The Board further approved the notice convening and holding the 17th Annual General Meeting (AGM) on Thursday, September 17, 2026, through Video Conferencing or other Audio Visual Means. Mr. Chintan K. Patel, Practicing Company Secretary in Ahmedabad, was appointed as the Scrutinizer for the AGM voting process.
Financial Performance Highlights (Q Ended June 30, 2026)
Ashoka Metcast Limited reported its unaudited financial results for the quarter ended June 30, 2026. The company's standalone results showed a Total Income of 86.53 lakh, while the consolidated entity achieved a Total Income of 870.01 lakh for the same period.
Key operational data across all reporting entities is detailed in the tables below:
Table 1: Standalone Unaudited Financial Results (Q Ended June 30, 2026)
(Figures are in Rs. in Lakh)
| Particulars | Q ended 30/06/2026 (Unaudited) | Q ended 31/03/2026 (Audited) | Q ended 30/06/2025 (Unaudited) | Q ended 31/03/2026 (Audited) |
|---|---|---|---|---|
| Revenue From Operations | 68.86 | 185.43 | 41.83 | 326.18 |
| Other Income | 17.67 | 55.55 | 46.44 | 110.31 |
| Total Income | 86.53 | 240.98 | 88.27 | 436.49 |
| Total Expenses | 78.96 | 223.65 | 51.47 | 369.40 |
| Profit/(Loss) Before Tax | 7.57 | 17.33 | 36.80 | 67.09 |
Table 2: Consolidated Unaudited Financial Results (Q Ended June 30, 2026)
(Figures are in Rs. in Lakh)
| Particulars | Q ended 30/06/2026 (Unaudited) | Q ended 31/03/2026 (Audited) | Q ended 30/06/2025 (Unaudited) | Q ended 31/03/2026 (Audited) |
|---|---|---|---|---|
| Revenue from operations | 407.11 | 1034.69 | 545.39 | 2770.25 |
| Other Income | 462.90 | 277.16 | 114.17 | 961.96 |
| Total Income | 870.01 | 1311.85 | 659.56 | 3732.21 |
| Total Expenses | 531.71 | 865.00 | 546.97 | 2348.38 |
| Profit/(Loss) before tax | 338.30 | 446.85 | 112.59 | 1383.83 |
Table 3: Segment-Wise Results (Q Ended June 30, 2026)
(Figures are in Rs. in Lakh)
| Segment Type | Steel Trading | Trading Of Goods | Others |
|---|---|---|---|
| Standalone Q End Jun 2026 (Net Sales/Income From Operations) | 68.86 | 0.00 | 17.67 |
| Consolidated Q End Jun 2026 (Net Sales/Income From Operations) | 407.11 | 0.00 | 462.90 |
The company's management provided a limited review report on the Unaudited Standalone Financial Results for the quarter ended June 30, 2026, confirming that nothing came to their attention that suggested any material misstatement or failure to disclose required information. A similar review was conducted for the consolidated results.
ASHOKAMET Stock Price Movement
Shares of Ashoka Metcast Limited closed lower on Wednesday, shedding ₹0.19 or 1.35% to settle at ₹13.93. The stock traded on a volume of 11,898 shares as it moved through the trading session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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