Sarthak Metals Limited has informed the Exchange about Investor Presentation
Date: 12/11/2025
To, The Manager, Listing & Compliance, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001
To, Listing Department, National Stock Exchange of India Limited, C-1, G-Block, Bandra-Kurla Complex Bandra (E), Mumbai – 400 051
Ref: Scrip Code – 540393
Ref: Scrip Symbol – SMLT
Subject: Outcome of Board Meeting dated 12th November, 2025
Dear Sir/Madam,
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations), we hereby wish to inform you that the Board of Directors of the Company at their meeting held today, i.e., November, 12th 2025, inter-alia, considered and approved the following:
1. Unaudited Financial Results along with the Limited Review Report of the
Company for the quarter and half year ended 30th September, 2025.
2. Re-appointment of Mr. Sunil Dutt Bhatt as Independent Director for a second term of five years, subject to approval of shareholders through postal ballot. 3. Amendment to Main Object clause of the Memorandum of Association, subject
to approval of Shareholders through postal ballot. 4. Notice of Postal Ballot and matters related thereto.
The meeting commenced at 11:30 A.M. concluded at 11:58 A.M.
Pursuant to Regulation 30 & 33 of the Listing Regulations and other applicable regulations, please find enclosed the following:
1. Unaudited Financial Results along with the Limited Review Report of the
Company for the quarter and half year ended 30th September, 2025.
2. Disclosures as required under Regulation 30 of the SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015 as (Annexure – A).
3. Notice of Postal Ballot. (Annexure – B).
Kindly take the same on your record.
Yours’ Faithfully,
For, Sarthak Metals Limited
Pratik Jain Company Secretary and Compliance Officer
Annexure-A Disclosures as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
S. No.
Particulars
1. Name of Director
Details
Mr. Sunil Dutt Bhatt 09263587)
(DIN:
2.
Reason for change
3.
Date of Re-appointment (as applicable terms of appointment)
4.
Brief Profile
as
an
Re-Appointment Independent Director For second term of 5 consecutive years, from August 03, 2026 up to (both days August 02, 2031 inclusive) Mr. Sunil Dutt Bhatt completed his Post Graduation (M. Sc. in Statistics) from Pt. Ravishankar Shukla University, Raipur and Metallurgical Engineering from of Metals, Indian Kolkata. He has vast experience in the metal and weighment domain and has retired from Bhilai Steel Plant, Steel Authority of India Limited in the year 2020. He has been on the Board of our Company since August 04, 2021.
Institute
Mr. Sunil Dutt Bhatt is currently the Independent Director of the Company. He was appointed as the Independent Director of the Company by the Members at the 26th Annual General Meeting of the Company held on September 14, 2021 for 5 (five) consecutive years commencing from August 04, 2021 and is eligible for re- appointment for a second term on the Board of the Company.
Based on the recommendation of the Nomination & Remuneration Committee (‘NRC’), the Board of Directors at its meeting held on November 12, 2025, proposed the reappointment of Mr. Sunil Dutt Bhatt as an Independent Director of the Company for a second term of 5 (five) consecutive years commencing from August 01, 2026, not to retire by rotation, for the approval of the Members by way of a Special Resolution. There is no inter se relationship between Mr. Sunil Dutt Bhatt and other Members of the Board and Key Managerial Personnel of the Company
liable
None, except in M/s Sarthak Metals Limited.
Mr. Sunil Dutt Bhatt is not debarred from holding office of Director by virtue of any SEBI order or any other such authority,
5.
of
Disclosure relationships between the Directors (in case of Re-appointment)
6.
7.
of
Names of the listed entities in which Mr. Dwadasi Venkata Giri holds Directorships, indicating the category of Directorship and Membership Board Committees Information required pursuant to BSE Circular with Ref. no, LIST/COMP/14/ 2018- 19 and the National Stock Exchange of no. India Ltd. With NSE/CML/2018/24 dated June 20, 2018 (in case of appointment)
ref,
BEGANI & BEGANI
CHARTERED ACCOUNTANTS GST NO.:23AAEFB9798G1Z6, PAN: AAEFB9798G
To The Board of Directors Sarthak Metals Limited BBC Colony, Khursipar G.E. Road, Bhilai Dist. Durg (C.G.) Pin Code : 490011
1. We have reviewed the accompanying Unaudited financial results of Sarthak Metals Limited (hereinafter referred to as "the Company") for the quarter ended September 30, 2025, and for the period from April 01, 2025 to September 30, 2025 (“the Statement”) being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"), including relevant circulars issued by the SEBI from time to time
2. The statement, which is the responsibility of the company’s management and has been approved by the Company’s Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in in Indian Accounting Standard (Ind AS) 34 'Interim Financial Reporting' prescribed under Section 133 of the Companies Act, 2013, SEBI Circular CIR/CFD/FAC/62/2016 dated 5th July 2016, (herein after referred to as ‘ the SEBI Circular’) and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.
3. We conducted our review of the statement in accordance with the standard on review engagements (SRE) 2410 ”Review of Interim Financial information Performed by the Independent Auditor of the Entity”, issued by the Institute of the Chartered Accountants of India. A review of Interim Financial information consists of making inquiries, primarily persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an Audit conducted in accordance with the Standards on Auditing specified under section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an Audit opinion.
4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statements, prepared in accordance with the recognition and measurement principles laid down in Ind AS 34, prescribed under section 133 of the Act, the SEBI Circular, and the other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in accordance with requirements of regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, (as amended), including the manner in which it is to be disclosed, or that it contains any material misstatements.
For, BEGANI & BEGANI CHARTERED ACCOUNTANTS (FRN : 010779C)
(SANKALP SOHANEY) PARTNER M.NO. 434993
DATE PLACE UDIN
: 12.11.2025 : RAIPUR (C.G.) : 25434993BMKWOE1349
HEAD OFFICE 2ND FLOOR, C-34/1 TAGORE NAGAR, RAIPUR (C.G.) 492001 TEL. NO. : 0771 - 4099889, 2227242 , 098266 06500 BHILAI BRANCH : 227, 1st Floor, Chouhan Estate, Great Eastern Road, Bhilai – 490 006 Tel. 0788 3290444, 094252 35007 BILASPUR BRANCH : Dayalbandh, Near Government School Complex, Bilaspur – 495 001 Tel. 0775 2395300, 094255 44287
SARTHAK METALS LIMITED CIN : L51102CT1995PLC009772 BALANCE SHEET AS AT 30th September 2025
Particulars
ASSETS Non-Current Assets Property, Plant and Equipment Right of Use Assets Capital work-in-progress Intangible Assets Intangible Assets under development Financial Assets Investments Other Financial Assets Other Non-current assets TOTAL NON CURRENT ASSETS Current Assets Inventories Financial Assets Trade Receivables Cash and Cash Equivalents Other Balances with Banks Other Financial Assets Other Current Assets TOTAL CURRENT ASSETS TOTAL ASSETS EQUITY AND LIABILITIES EQUITY Equity Share Capital Other Equity TOTAL EQUITY LIABILITIES Non-Current Liabilities Financial Liabilities Borrowings Other Financial Liabilities Provisions Deferred Tax Liabilities (Net) TOTAL NON CURRENT LIABILITIES Current Liabilities Financial liabilities Borrowings Trade Payables Total outstanding dues of micro enterprises and small enterprises Total outstanding dues of creditors other than micro enterprises and small enterprises Other Financial Liabilities Other Current Liabilities Provisions Current Tax Liabilities (Net) TOTAL CURRENT LIABILITIES TOTAL LIABILITIES TOTAL EQUITY AND LIABILITIES
As at 30th September, 2025 Unaudited
Aa at 31st March, 2025 Audited
( Rs. In Lakhs)
1862.27 0.00 47.36 0.00 0.00 0.00 0.00 0.00 238.82 2148.45
4477.27 0.00 4106.86 19.07 1394.03 0.00 725.73 10722.95 12871.40
1368.98 10767.32 12136.30
0.00 0.00 0.00 138.36 31.16 169.52
285.41 0.00 0.00 155.59 0.00 38.58 72.47 13.52 565.58 735.10 12871.40
1940.16
33.08 0.00 0.00 0.00 0.00 0.00 34.74 2007.99
2742.11 0.00 4246.30 237.19 2698.99 0.00 511.04 10435.64 12443.63
1368.98 10652.28 12021.24
0.00 0.00 0.00 126.10 26.40 152.50
0.00 0.00 0.00 98.89 0.00 30.22 115.37 25.40 269.88 422.38 12443.63
For, BEGANI & BEGANI CHARTERED ACCOUNTANTS FRN: 010779C
(SANKALP SOHANEY) PARTNER M. No. 434993 PLACE: RAIPUR DATE:12.11.2025 UDIN : 25434993BMKWOE1349
FOR AND ON BEHALF OF THE BOARD OF DIRECTORS
(ANOOP KUMAR BANSAL) MANAGING DIRECTOR DIN:01661844
(MAYUR BHATT)
WHOLE TIME DIRECTOR AND CEO
DIN:07586457
SARTHAK METALS LIMITED CIN : L51102CT1995PLC009772 Statement of Profit and Loss for the Quarter and Half Year ended 30th September 2025
PARTICULARS
Quarter ended 30th September, 2025
Quarter ended 30th June, 2025
Quarter ended 30th September, 2024
Half year ended 30Th September, 2025
( Rs. In Lakhs)
Year ended 31st March, 2025
Unaudited
Unaudited
Unaudited
Unaudited
Audited
Revenue from Operations Other Income TOTAL INCOME (I)
3630.76 17.17 3647.93
EXPENSES Cost of Materials Consumed Purchases of Stock-in-Trade Changes in inventories of finished goods, Stock-in-trade and Employee Benefits Expense Finance Costs Depreciation and Amortisation Expense Other Expenses Total Expenses (II) PROFIT BEFORE EXCEPTIONAL AND EXTRAORDINARY ITEMS AND TAX (I-II) Exceptional items PROFIT BEFORE TAX (I-II)
2738.94 0.00 66.12 359.70 7.11 71.82 301.66 3545.36 102.57 0.00 102.57
Tax Expense (1) Current Tax (-) (2) Deferred Tax(-) (3) Current taxes relating to earlier years (-) PROFIT FOR THE PERIOD
Other comprehensive income (i) Items that will not be reclassified to profit or loss - Remeasurement of defined benefit plans - Income tax expense / (benefit) related to items that will not TOTAL OTHER COMPREHENSIVE INCOME (NET OF
TOTAL COMPREHENSIVE INCOME FOR THE YEAR Earnings per Equity Share of Rs.10 Each Basic (in Rs) Diluted (in Rs)
-
33.00 2.48 -8.82 75.91
8.74 2.20 6.54
82.45
0.57 0.57
4622.44 62.12 4684.56
3857.76 0.00 -106.66 323.66 12.17 69.18 371.97 4528.07 156.49 0.00 156.49
47.00 3.44 0.00 106.05
-6.68 -1.68 -5.00
101.05
0.77 0.77
4572.47 74.48 4646.95
3935.97 0.00 -40.19 226.78 17.97 61.27 257.33 4459.13 187.82 0.00 187.82
74.45 4.75 25.98 82.64
-0.52 -0.13 -0.39
82.25
0.61 0.61
8,253.20 79.29 8332.496
6,596.70
- -40.54 683.36 19.28 141.00 673.63 8073.44 259.06 00.00 259.06
80.00 5.93 -8.82 181.95 0 0 0 2.059 0.518 1.54 0 183.50 - 1.34 1.34
17842.01 270.43 18112.43
14765.25 0.00 13.67 1128.41 63.62 275.14 1238.24 17484.33 628.11 0.00 628.11
184.00 6.15 25.98 411.98
0.69 0.17 0.52
412.50
03.01 03.01
Notes 1)Figures for the previous periods have been regrouped and reclassified to conform to the classification of the current period, where necessary. 2)The above results for the quarter and half year ended September 30, 2025 have been reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on 12th November 2025.
3)The above results have been prepared in accordance with Indian Accounting Standards (Ind AS), the provisions of the Companies Act, 2013 (the Act) as applicable and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
4)The aforesaid Limited Reviewed Financial Results will be uploaded on the company's website www.sarthakmetals.comand will be available on the website of BSE Limited at www.bseindia.comand National Stock Exchange of India Limited at www.nseindia.comfor benefit of shareholders.
5) The Company has Rs 26.24 Lac unrealised gains on foreign currency transactions as on 30th September 2025.
6)- During the Quarter ended September 30, 2025, Nil Investor complaint was received and attended.
7) The Company operates in a single segment as “Cored Wires”.
8) The figures of last quarter are the balancing figures between audited figures in respect of the full financial year and the published year-to-date figures of the current financial year.
For, BEGANI & BEGANI CHARTERED ACCOUNTANTS FRN: 010779C
(SANKALP SOHANEY)
PARTNER
M. No. 434993 PLACE: RAIPUR DATE:12.11.2025 UDIN : 25434993BMKWOE1349
(ANOOP KUMAR BANSAL)
(MAYUR BHATT)
MANAGING DIRECTOR
WHOLE TIME DIRECTOR AND CEO
DIN:01661844
DIN:07586457
SARTHAK METALS LIMITED Statement of Cash flow for the Half Year ended 30th September 2025
Half Year Ended 30th Sept 2025
(Amount in Lakhs.) Year Ended 31st March, 2025
A. CASH FLOW FROM OPERATING ACTIVITIES : Net Profit before tax as per Profit & Loss Account
Adjustment for : Depreciation Amortisation Interest (Net) Amortization Of Preliminary Exps Provision for Employee Benefits Provision Expected Credit Loss Loss/ (profit) on sale of fixed assets Loss/ (profit) on sale of Investments
Operating Profit before Working Capital changes
Adjustment for : Decrease/(Increase) in Inventories Decrease/ (Increase) in trade receivables Decrease/(Increase) in other current assets Decrease/(Increase) in other financial assets Decrease/(Increase) in other non-current assets Increase / (Decrease) in provisions Increase / (Decrease) in trade payables Increase / (Decrease) in current liabilities Increase / (Decrease) in financial liabilities
Cash generated from Operations
Direct Taxes (Net) Net Cash from Operating Activities
B. CASH FLOW FROM INVESTING ACTIVITIES :
Investment in Fixed Assets including Capital WIP Proceeds from sale/Subsidy of fixed assets Proceeds from sale of Investments Interest Received Net Cash used in Investing Activities
C. CASH FLOW FROM FINANCING ACTIVITIES :
Proceed From Long Term Borrowing Proceed From Capital Investment Subsidy Other Short Term Borrowings Interest Paid Dividend Paid
Net Cash from financing Activities
Net Increase/( decrease) in Cash and Cash equivalents ( A+B+C) CASH AND CASH EQUIVALENTS AS AT 01/04/2025 CASH AND CASH EQUIVALENTS AS AT 30/09/2025
Increase/( decrease) in Cash and Cash equivalents
259.06
141.00
-50.61
00.38 -05.73 00.00
05.50 90.54 349.60
-1735.16 139.44 -208.95 00.00
-42.52 56.70 08.36 00.00 -1782.13
-1432.53
-71.18 -1503.71
-77.38 00.00 -209.57 62.18 -224.78
00.00 00.00 285.41 -11.57 -68.45 205.39
-1523.09
2936.18 1413.09 -1523.09
628.11
275.14
-144.40 00.00 00.69 03.12 -01.71 01.76 134.61 762.71
-738.77 -275.08 392.66 17.60 00.00 -16.88 85.88 -37.34 00.00 -571.93
190.79
-209.98 -19.19
-716.55 01.90 -36.50 184.05 -567.10
00.00 00.00 00.00 -39.65 00.00 -39.65
-625.94
3542.73 2916.79 -625.94
Notes:- The above cash flow statement has been prepared by using indirect method as per Indian Accounting Standard (Ind AS) 7 - Statement of Cash Flows.
For, BEGANI & BEGANI CHARTERED ACCOUNTANTS FRN: 010779C
(SANKALP SOHANEY) PARTNER M. No. 434993 PLACE: RAIPUR DATE:12.11.2025 UDIN : 25434993BMKWOE1349
(ANOOP KUMAR BANSAL) MANAGING DIRECTOR DIN:01661844
(MAYUR BHATT) WHOLE TIME DIRECTOR AND CEO DIN:07586457
SARTHAK METALS LIMITED
Registered Office: B.B.C. Colony, Khursipar, G.E. Road, Bhilai, Chhattisgarh – 490011 CIN: L51102CT1995PLC009772 E-Mail: cs@sarthakmetals.com Website: www.sarthakmetals.com Tel No.: 91+9303773708
POSTAL BALLOT NOTICE [Pursuant to Section 110 of the Companies Act, 2013 (the “Act”) read with Rule 22 of the Companies (Management and Administration) Rules, 2014]
Dear Member(s),
NOTICE is hereby given that pursuant to the provisions of Sections 108, 110 and all other applicable provisions, if any, of the Companies Act, 2013 (“Act”) read with Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014, including any statutory amendment(s), modification(s), variation(s) or re-enactment(s) thereto, for the time being in force and in compliance with the applicable guidelines / circulars / rules issued by the Ministry of Corporate Affairs (“MCA”) inter alia including General Circular No. 09/2024 on September 19, 2024, issued by MCA (“MCA Circulars”) from time to time, Regulation 44 of the Securities and Exchange Board of India (Listing (“SEBI Listing Obligations and Disclosure Requirements) Regulations, 2015 Regulations”), Secretarial Standard on General Meetings (“SS-2”) issued by the Institute of Company Secretaries of India, and other applicable laws and regulations, if any, the following special businesses are proposed to be passed by the Members of Sarthak Metals Limited by way of Postal Ballot through voting by electronic means (“remote e- voting”) only.
The instructions for remote e-voting are appended to the Notice.
You are requested to carefully read the instructions in this Postal Ballot Notice and record your assent (FOR) or dissent (AGAINST) through the remote e-voting process not later than 5:00 P.M. IST on Friday , December 12,2025 failing which it will be strictly considered that no reply has been received from the Member.
The Board of Directors has appointed Mr. Atul Jain, Practicing Chartered Accountant (Membership No. 447869) as scrutinizer (“Scrutinizer”) for conducting the postal ballot voting process in a fair and transparent manner.
After completion of scrutiny of the votes, the Scrutinizer will submit his report to the Chairman of the Company or a person authorized by him. The results of Postal Ballot shall be declared as per the statutory timelines. The results along with the Scrutinizer’s
Page 1 of 16
report will also be posted on website of the Company.
The resolution, if passed by requisite majority, shall be deemed to have been passed on the last date specified for remote e-voting i.e. Friday, December 12, 2025.
Special Businesses:
1. Addition in the main object of the Company and consequential alteration to
the Object Clause of the Memorandum of Association of the Company:
To consider and, if thought fit, to pass with or without modification(s), the following resolution as a Special Resolution:
“RESOLVED THAT, in accordance with the provisions of Section 13 and other applicable provisions of the Companies Act, 2013 read with applicable rules made thereunder (including any statutory modification(s) or re-enactment(s) thereof, for the time being in force) and subject to such approvals as may be necessary or required, Clause III. (A) of the Memorandum of Association of the Company relating to its Objects be and is hereby altered by adding the following new sub-clause 9 after the existing sub- clause 8 in Clause III. (A):
trading, marketing,
9. To carry on in India or elsewhere the business of research, development, manufacture, in all kinds of processing, biotechnological products, enzymes, bio-based chemicals or speciality chemicals, bio- fertilizers, pharmaceuticals, bio-inputs, nutraceuticals, biological formulations, and allied products and to undertake all activities relating thereto, including technology transfer, consultancy, contract research, and laboratory testing services.
import, export, and dealing
RESOLVED FURTHER THAT, the Board of Directors of the Company be and is hereby authorised to do all acts and take all such steps as may be necessary, proper or expedient to give effect to this resolution.”
2:
Re-appointment of Mr. Sunil Dutt Bhatt (DIN: 09263587) as Independent Director:
To consider and, if thought fit, to pass with or without modification(s), the following resolution as a Special Resolution:
“RESOLVED THAT, pursuant to the provisions of Sections 149, 150 and 152 and other applicable provisions, if any, read along with Schedule IV to the Companies Act, 2013 (‘the Act’) [including any statutory modification(s) or re-enactment(s) thereof for the time being in force], the Companies (Appointment and Qualifications of Directors) Rules, 2014 and Regulation 17 and any other applicable provisions of the Securities and Exchange
Page 2 of 16
Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’), as amended from time to time, Mr. Sunil Dutt Bhatt (DIN: 09263587), who was appointed as an Independent Director of the Company for a term of 5 (five) consecutive years commencing from August 04, 2021 up to August 03, 2026 (both days inclusive) and who being eligible for re-appointment as an Independent Director has given his consent along with a declaration that he meets the criteria for independence under Section 149(6) of the Act and the rules framed thereunder and Regulation 16(1)(b) of the SEBI Listing Regulations and based on the recommendation of the Nomination & Remuneration Committee and the Board of Directors of the Company, be and is hereby re-appointed as an Independent Director of the Company, not liable to retire by rotation, to hold office for a second term of 5 (five) consecutive years on the Board of the Company commencing from August 03, 2026 up to August 02, 2031 (both days inclusive);
RESOLVED FURTHER THAT, the Board of Directors of the Company (including its Committee thereof) be and is hereby authorised to do all such acts, deeds, matters and things as may be necessary, expedient and desirable for giving effect to this resolution.”
Registered Office: B.B.C. Colony, Khursipar, G.E. Road, Bhilai, Chhattisgarh – 490011 CIN: L51102CT1995PLC009772 Email:cs@sarthakmetals.com website: www.sarthakmetals.com
Date: 12th November, 2025 Place: Bhilai (C.G.)
By Order of the Board of Directors Sarthak Metals Limited
Sd/- Pratik Jain Company Secretary and Compliance Officer Membership No. ACS 61747
Page 3 of 16
Notes
1. An explanatory statement pursuant to Section 102 of the Companies Act, 2013 (“Act”), setting out all material facts relating to the resolutions contained in this Notice is appended herein below for information and consideration of Members and the same should be considered as part of this Notice.
2. Relevant documents referred to in this Notice shall be available for inspection electronically by the Members until 5:00 p.m. (IST) of the last date of remote e- voting of this Postal Ballot i.e. Friday, December 12, 2025. Members who wish to inspect the documents are requested to send an e-mail from their registered e-mail address to cs@sarthakmetals.com mentioning their name, folio no. / client ID and DP ID, and the documents they wish to inspect.
3. Mr. Atul Jain, Practicing Chartered Accountant (Membership No. 447869), has been appointed as the Scrutinizer to scrutinise the remote e-Voting process fairly and transparently.
4.
In accordance with the Circulars issued by Ministry of Corporate Affairs (“MCA Circulars”) and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), the Company is sending the Postal Ballot Notice in electronic form only, instead of dispatching the hard copy of the Notice along with Postal Ballot Form and pre-paid business reply envelope to the Members for this Postal Ballot. Accordingly, the communication of the assent or dissent of the Members would take place through remote e-voting only.
5. The Postal Ballot Notice is being sent by e-mail to all Members, whose names appear in the Register of Members / Register of Beneficial Owners maintained by the Depositories, i.e. National Securities Depository Limited (“NSDL”) and Central Depository Services (India) Limited (“CDSL”) as on Friday, November 7, 2025 (“Cut-Off Date”) and who have registered their e-mail addresses, in respect of electronic holdings, with the Depository through the concerned Depository Participants, in accordance with the provisions of the Act read with the rules made thereunder and the framework provided under the MCA Circulars. The Cut- Off Date is for determining the eligibility to vote by electronic means. A person who is not a member as of the Cut-Off Date should treat this Notice for information purposes only. This Notice is also available at the Company’s website: https://www.sarthakmetals.com/investors-postal-ballot.aspx?mpgid=24 and the websites of the Stock Exchanges i.e. BSE Limited at www.bseindia.com and National Stock Exchange of India Limited at www.nseindia.com.
6.
In compliance with the provisions of Sections 108, 110 and other applicable
Page 4 of 16
provisions of the Act, read with the Companies (Management and Administration) Rules, 2014, the applicable MCA Circulars and Regulation 44 of the SEBI Listing Regulations as amended from time to time, read with the relevant circulars, the Company is pleased to offer remote e-voting facility to Members to cast their vote electronically.
7. The Company has engaged Bigshare Services Private Limited for facilitating remote e-voting to enable the Members to cast their votes electronically for this Postal Ballot.
8. The process and manner for remote e-voting is explained as below:
Process for e-Voting:
E-VOTING INTRUCTIONS FOR POSTAL BALLOT ARE AS UNDER:
i. The voting period begins on 13th November, 2025 09:00 A.M. and ends on 12th December, 2025 05:00 P.M. During this period shareholders’ of the Company, holding shares either in physical form or in dematerialized form, as on the cut-off date (record date) of 07th November, 2025 may cast their vote electronically. The e-voting module shall be disabled by Bigshare for voting thereafter.
ii.
Pursuant to SEBI Circular No. SEBI/HO/CFD/CMD/CIR/P/2020/242 dated 09.12.2020, under Regulation 44 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, listed entities are required to provide remote e-voting facility to its shareholders, in respect of all shareholders’ resolutions. However, it has been observed that the participation by the public non-institutional shareholders/retail shareholders is at a negligible level.
Currently, there are multiple e-voting service providers (ESPs) providing e-voting facility to listed entities in India. This necessitates registration on various ESPs and maintenance of multiple user IDs and passwords by the shareholders.
In order to increase the efficiency of the voting process, pursuant to a public consultation, it has been decided to enable e-voting to all the demat account holders, by way of a single login credential, through their demat accounts/ websites of Depositories/ Depository Participants. Demat account holders would be able to cast their vote without having to register again with the ESPs, thereby, not only facilitating seamless authentication but also enhancing ease and
Page 5 of 16
convenience of participating in e-voting process.
iii.
In terms of SEBI circular no. SEBI/HO/CFD/CMD/CIR/P/2020/242 dated December 9, 2020 on e-Voting facility provided by Listed Companies, Individual shareholders holding securities in demat mode are allowed to vote through their demat account maintained with Depositories and Depository Participants. Shareholders are advised to update their mobile number and email Id in their demat accounts in order to access e-Voting facility.
1. Pursuant to above said SEBI Circular, Login method for e-Voting for Individual
shareholders holding securities in Demat mode is given below:
Type of shareholders Individual Shareholders holding securities in Demat mode with CDSL
Login Method
1. Users who have opted for CDSL Easi / Easiest facility, can login through their existing user id and password. Option will be made available to reach e-Voting page without any further authentication. The URL for users to is https://web.cdslindia.com/myeasitoken/home/login or visit CDSL website www.cdslindia.com and click on login icon & New System Myeasi Tab and then use your existing my easi username & password.
Easi/Easiest
login
to
2. After successful login the Easi / Easiest user will be able to see the e-Voting option for eligible companies where the evoting is in progress as per the information provided by company. On clicking the evoting option, the user will be able to see e-Voting page of BIGSHARE the e-Voting service provider and you will be re- directed to i-Vote website for casting your vote during the remote e-Voting period. Additionally, there is also links provided to access the system of all e-Voting Service Providers i.e. BIGSHARE, so that the user can visit the e-Voting service providers’ website directly.
3. If the user is not registered for Easi/Easiest, option to
register is available at
https://web.cdslindia.com/myeasitoken/Registration/ EasiRegistration
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Individual Shareholders holding securities in demat mode with NSDL
4. Alternatively, the user can directly access e-Voting page by providing Demat Account Number and PAN No. link a from https://evoting.cdslindia.com/Evoting/EvotingLogin
The system will authenticate the user by sending OTP on registered Mobile & Email as recorded in the Demat Account. After successful authentication, user will be able to see the e-Voting option where the evoting is in progress, and also able to directly access the system of all e-Voting Service Providers. Click on BIGSHARE and you will be re-directed to i-Vote website for casting your vote during the remote e-voting period.
typing
following
the either on
1. If you are already registered for NSDL IDeAS facility, please visit the e-Services website of NSDL. Open web browser URL: by https://eservices.nsdl.com a Personal Computer or on a mobile. Once the home page of e- Services is launched, click on the “Beneficial Owner” icon under “Login” which is available under ‘IDeAS’ section. A new screen will open. You will have to enter successful ID and Password. After your User authentication, you will be able to see e-Voting services. Click on “Access to e-Voting” under e-Voting services and you will be able to see e-Voting page. Click on company name or e-Voting service provider name BIGSHARE and you will be re-directed to i-Vote website for casting your vote during the remote e- Voting period.
2. If the user is not registered for IDeAS e-Services, option to register is available at https://eservices.nsdl.com. Select “Register Online for IDeAS “Portal or click at https://eservices.nsdl.com/SecureWeb/IdeasDirectReg .jsp
typing
3. Visit the e-Voting website of NSDL. Open web browser by URL: https://www.evoting.nsdl.com/ either on a Personal Computer or on a mobile. Once the home page of e- Voting system is launched, click on the icon “Login” which is available under ‘Shareholder/Member’ section.
following
the
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A new screen will open. You will have to enter your User ID (i.e. your sixteen digit demat account number hold with NSDL), Password/OTP and a Verification the screen. After successful Code as shown on authentication, you will be redirected to NSDL Depository site wherein you can see e-Voting page. Click on company name or e-Voting service provider name BIGSHARE and you will be redirected to i-Vote website for casting your vote during the remote e- Voting period.
4. For OTP
can
you
click
login
based
on https://eservices.nsdl.com/SecureWeb/evoting/evotin glogin.jsp. You will have to enter your 8-digit DP ID,8- digit Client Id, PAN No., Verification code and generate OTP. Enter the OTP received on registered email id/mobile number and click on login. After successful authentication, you will be redirected to NSDL Depository site wherein you can see e-Voting page with all e-Voting Service Providers. Click on BIGSHARE and you will be re-directed to i-vote (E-voting website) for casting your vote during the remote e-Voting period or joining virtual meeting & voting during the meeting.
Individual Shareholders (holding securities in demat mode) login through their Depository Participants
You can also login using the login credentials of your demat account through your Depository Participant registered with NSDL/CDSL for e-Voting facility. After Successful login, you will be able to see e-Voting option. Once you click on e-Voting option, you will be redirected to NSDL/CDSL Depository successful authentication, wherein you can see e-Voting feature. Click on company name or e-Voting service provider name and you will be redirected to e-Voting service provider website for casting your vote during the remote e-Voting period.
site after
Important note: Members who are unable to retrieve User ID/ Password are advised to use Forget User ID and Forget Password option available at abovementioned website.
Helpdesk for Individual Shareholders holding securities in demat mode for any technical issues related to login through Depository i.e. CDSL and NSDL
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Login type
Individual holding Demat mode with CDSL
Shareholders in
securities
Individual holding Demat mode with NSDL
Shareholders in
securities
Helpdesk details Members facing any technical issue in login can contact CDSL helpdesk by sending a request at helpdesk.evoting@cdslindia.com or contact at toll free No. 1800 22 55 33.
Members facing any technical issue in login can contact NSDL helpdesk by sending a request at evoting@nsdl.com or call at 022- 48867000.
2. Login method for e-Voting for shareholder other than individual shareholders is given below: in Demat mode & physical mode
holding shares
You are requested
launch https://ivote.bigshareonline.com
to
the URL on
internet browser:
Click on “LOGIN” button under the ‘INVESTOR LOGIN’ section to
Login on E-Voting Platform.
Please enter you ‘USER ID’ (User id description is given below) and
‘PASSWORD’ which is shared separately on you register email id. o Shareholders holding shares in CDSL demat account should enter 16
Digit Beneficiary ID as user id.
o Shareholders holding shares in NSDL demat account should enter 8
Character DP ID followed by 8 Digit Client ID as user id.
o Shareholders holding shares in physical form should enter Event No
+ Folio Number registered with the Company as user id.
Note If you have not received any user id or password please email from your registered email id or contact i-vote helpdesk team. (Email id and contact number are mentioned in helpdesk section).
Click on I AM NOT A ROBOT (CAPTCHA) option and login.
NOTE: If Shareholders are holding shares in demat form and have registered on to e-Voting system of https://ivote.bigshareonline.com and/or voted on an earlier event of any company then they can use their existing user id and password to login.
If you have forgotten the password: Click on ‘INVESTOR LOGIN’ tab and then Click on ‘Forgot your password?
‘LOGIN’ under
Enter “User ID” and “Registered email ID” Click on I AM NOT A
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ROBOT (CAPTCHA) option and click on ‘Reset’.
(In case a shareholder is having valid email address, Password will be sent to his / her registered e-mail address).
Voting method for shareholders on i-Vote E-voting portal:
After successful login, Bigshare E-voting system page will appear. Click on “VIEW EVENT DETAILS (CURRENT)” under ‘EVENTS’ option
on investor portal.
Select event for which you are desire to vote under the dropdown
option.
Click on “VOTE NOW” option which is appearing on the right hand side
top corner of the page.
Cast your vote by selecting an appropriate option “IN FAVOUR”, “NOT IN FAVOUR” or “ABSTAIN” and click on “SUBMIT VOTE”. A confirmation box will be displayed. Click “OK” to confirm, else “CANCEL” to modify. Once you confirm, you will not be allowed to modify your vote.
Once you confirm the vote you will receive confirmation message on display screen and also you will receive an email on your registered email id. During the voting period, members can login any number of times till they have voted on the resolution(s). Once vote on a resolution is casted, it cannot be changed subsequently.
Shareholder can “CHANGE PASSWORD” or “VIEW/UPDATE
PROFILE” under “PROFILE” option on investor portal.
3. Custodian registration process for i-Vote E-Voting Website:
You are requested
launch https://ivote.bigshareonline.com
to
the URL on
internet browser:
Click on “REGISTER” under “CUSTODIAN LOGIN”, to register
yourself on Bigshare i-Vote e-Voting Platform.
Enter all required details and submit. After Successful registration, message will be displayed with “User id
and password will be sent via email on your registered email id”.
registered on
If Custodian have
NOTE: to e-Voting system of https://ivote.bigshareonline.com and/or voted on an earlier event of any company then they can use their existing user id and password to login.
‘LOGIN’ under If you have forgotten the password: Click on ‘CUSTODIAN LOGIN’ tab and further Click on ‘Forgot your password? Enter “User ID” and “Registered email ID” Click on I AM NOT A
ROBOT (CAPTCHA) option and click on ‘RESET.
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(In case a custodian is having valid email address, Password will be sent to his / her registered e-mail address).
Voting method for Custodian on i-Vote E-voting portal:
After successful login, Bigshare E-voting system page will appear.
Investor Mapping:
First you need to map the investor with your user ID under
“DOCUMENTS” option on custodian portal.
o Click on “DOCUMENT TYPE” dropdown option and select
document type power of attorney (POA).
o Click on upload document “CHOOSE FILE” and upload power of attorney (POA) or board resolution for respective investor and click on “UPLOAD”.
Note: The power of attorney (POA) or board resolution has to be named as the “InvestorID.pdf” (Mention Demat account number as Investor ID.)
o Your investor is now mapped and you can check the file status on
display.
Investor vote File Upload:
• To cast your vote select “VOTE FILE UPLOAD” option from left hand side
menu on custodian portal.
• Select the Event under dropdown option.
o Download sample voting file and enter relevant details as required and upload the same file under upload document option by clicking on “UPLOAD”. Confirmation message will be displayed on the screen and also you can check the file status on display (Once vote on a resolution is casted, it cannot be changed subsequently).
o Custodian
can “CHANGE PASSWORD” or “VIEW/UPDATE
PROFILE” under “PROFILE” option on custodian portal.
Helpdesk for queries regarding e-voting:
Login type Shareholder‘s other than individual shareholders holding shares in Demat mode & Physical mode.
Helpdesk details In case shareholders/ investor have any queries regarding E-voting, you may the Frequently Asked Questions (‘FAQs’) and i- at Vote https://ivote.bigshareonline.com, under download section or you can email us to ivote@bigshareonline.com or call us at: 022- 62638338
e-Voting module
available
refer
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Some of the important details regarding the e-voting facility are provided below:
Cut-off date for determining the Members entitled to vote Commencement of e-voting period End of e-voting period
Friday, November 07, 2025
Thursday, November 13, 2025 at 09:00 A.M. (IST) Friday, December 12, 2025 at 5:00 P.M. (IST)
The e-voting module will be disabled by Bigshare Services Private Limited immediately after 5:00 p.m. (IST) on Friday, December 12, 2025.
1. The voting rights of Members shall be in proportion to the amount paid up on the total number of equity shares held by the respective Member with the total equity share capital issued by the Company as on the Cut-Off Date i.e. Friday, November 07, 2025.
2. In case of joint holders, the Member whose name appears higher in the order of names as per the Register of Members of the Company will be entitled to vote.
3. Institutional shareholders /Corporate Members (i.e. other than individuals, HUF, NRI etc.), are requested to send a certified scanned copy (PDF/JPG Format) of the relevant Board Resolution / Authority letter etc. with attested specimen signature of the duly authorized signatory(ies) who are authorized to vote on to atuljain1897@gmail.com with a copy marked to ivote@bigshareonline.com by quoting the concerned DP ID and Client ID or Folio Number. The said documents can also be uploaded under “Upload Board Resolution/Authority Letter” displayed under “e-Voting” tab in their login.
the Scrutinizer by sending an e-mail
their behalf,
to
4. The Scrutinizer will submit the results of the remote e-voting to the Chairman of the Company or any person authorised by the Chairman after completion of the scrutiny of the e-voting.
5. The result of the Postal Ballot along with the Scrutinizer’s Report will be displayed on the Company’s website www.sarthakmetals.com and shall be communicated to the Stock Exchanges where the Company’s shares are listed i.e. BSE Limited at www.bseindia.com and National Stock Exchange of India Limited at www.nseindia.com, within two (2) working days from the end of the e-voting period, and shall be displayed at the Registered Office of the Company.
6. The resolutions, if approved by the requisite majority of Members by means of Postal Ballot, shall be deemed to have been passed on the last date of remote e- voting, i.e. Friday, December 12, 2025.
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EXPLANATORY STATEMENT PURSUANT TO SECTION 102 OF THE COMPANIES ACT, 2013
The following Explanatory Statement sets out the relevant information as required by Section 102 and other applicable provisions, if any, of the Companies Act, 2013 read with rules framed thereunder as may be amended, modified, replaced, substituted, re- stated and/or re-issued from time to time.
Resolution No. 1:
The Board of Directors considers that the world is witnessing a fundamental shift from a fossil-fuel-driven industrial system to one powered by biology, innovation, and sustainability. Biotechnology stands at the centre of this transformation. It combines life sciences with technology to create materials, energy, and solutions that are not only efficient but regenerative. The Board of Directors also consider that every industry today faces two challenges — reducing its environmental footprint and maintaining profitability. Biotechnology addresses both.
The Board of Directors of the Company at its meeting held on 12th November, 2025 has proposed to alter the Object Clause of the Memorandum of Association of the Company in order to enable the Company to undertake business activities in the field of biotechnology and enzyme-based products.
The existing main objects of the Company presently enable it to engage in the metal and metals sector. The Board considers it expedient and in the interest of the Company to diversify its business operations into the area of biotechnology, bio-based products, enzymes, and related research and manufacturing, which are emerging growth sectors and have significant commercial potential.
None of the Directors and/or Key Managerial Personnel of the Company and / or their respective relatives are concerned or interested, either directly or indirectly, in the resolution set out at Item no. 1 of the Notice.
The Board recommends the Special Resolution set out at Item No. 1 of the Notice for approval of the Members.
Resolution No. 2:
Mr. Sunil Dutt Bhatt is currently the Independent Director of the Company. He was appointed as the Independent Director of the Company by the Members at the 26th
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Annual General Meeting of the Company held on September 14, 2021 for 5 (five) consecutive years commencing from August 04, 2021 and is eligible for re-appointment for a second term on the Board of the Company.
Based on the recommendation of the Nomination & Remuneration Committee (‘NRC’), the Board of Directors at its meeting held on November 12, 2025, proposed the reappointment of Mr. Sunil Dutt Bhatt as an Independent Director of the Company for a second term of 5 (five) consecutive years commencing from August 03, 2026, not liable to retire by rotation, for the approval of the Members by way of a Special Resolution.
Mr. Sunil Dutt Bhatt completed his Post Graduation (M. Sc. in Statistics) from Pt. Ravishankar Shukla University, Raipur and Metallurgical Engineering from Indian Institute of Metals, Kolkata. He has vast experience in the metal and weighment domain and has retired from Bhilai Steel Plant, Steel Authority of India Limited in the year 2020. He has been on the Board of our Company since August 04, 2021.
The Nomination and Remuneration Committee taking into consideration the skills, expertise and competencies required for the Board in the context of the business and sectors of the Company and based on the performance evaluation, concluded and recommended to the Board that Mr. Sunil Dutt Bhatt qualifications and the rich experience in the abovementioned areas and meets the skills and capabilities required for the role of Independent Director of the Company. The Board is of the opinion that Mr. Sunil Dutt Bhatt continues to possess the identified core skills, expertise and competencies fundamental for effective functioning in his role as an Independent Director of the Company, and his continued association would be of immense benefit to the Company.
The Company has received a declaration from Mr. Sunil Dutt Bhatt confirming that he continues to meet the criteria of independence as prescribed under Section 149(6) of the Act, read with the rules framed thereunder and Regulation 16 (1) (b) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’). In terms of Regulation 25 (8) of the SEBI Listing Regulations, Mr. Sunil Dutt Bhatt, has confirmed that he is not aware of any circumstance or situation which exists or may be reasonably anticipated that could impair or impact his ability to discharge his duties. Mr. Sunil Dutt Bhatt has also confirmed that he is not debarred from holding the office of Director by virtue of any SEBI Order or any such authority pursuant to circulars dated June 20, 2018 issued by BSE Limited and the National Stock Exchange of India Limited pertaining to enforcement of SEBI Orders regarding appointment of Directors by the listed companies.
Further, Mr. Sunil Dutt Bhatt has confirmed that he is not disqualified from being appointed as Director in terms of Section 164 of the Act and has given his consent to act as Director in terms of Section 152 of the Act, subject to re-appointment by the Members. Mr. Sunil Dutt Bhatt has also confirmed that he complies with Rules 6 (1) and 6 (2) of the
Page 14 of 16
Companies (Appointment and Qualifications of Directors) Rules, 2014, to his registration with the data of Independent Directors maintained by the Indian Institute of Corporate Affairs (‘IICA’) and has passed the online proficiency self-assessment test conducted by IICA.
In the opinion of the Board, Mr. Sunil Dutt Bhatt fulfils the conditions specified in the Act, rules thereunder and the SEBI Listing Regulations for re-appointment as an Independent Director and that he is independent of the Management. The terms and conditions of the appointment of Independent Directors is uploaded on the website of the Company at https://sarthakmetals.com/investors-policies
In compliance with the provisions of Section 149 read with Schedule IV to the Act, Regulation 17 of the SEBI Listing Regulations and other applicable provisions of the Act and SEBI Listing Regulations, the re-appointment of Mr. Bhatt as an Independent Director is now placed for the approval of the Members by a Special Resolution.
The Board is of the opinion that the re-appointment is in the interest of the Company and its existing and potential investors and accordingly, recommends item no 2 of this Postal Ballot Notice for the approval of the Members by way of Special Resolution.
None of the Directors and Key Managerial Personnel of the Company or their relatives, other than to the extent of their shareholding in the Company and outstanding employee stock options, if any, are concerned / interested, financially or otherwise, in the above resolutions.
Registered Office: B.B.C. Colony, Khursipar, G.E. Road, Bhilai, Chhattisgarh – 490011 CIN: L51102CT1995PLC009772 Email:cs@sarthakmetals.com, cfo@sarthakmetals.com website: www.sarthakmetals.com
Date: 12th November, 2025 Place: Bhilai (C.G.)
By Order of the Board of Directors Sarthak Metals Limited Pratik Jain
Sd/- Company Secretary Membership No. ACS 61747
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ANNEXURE TO NOTICE DETAILS OF DIRECTOR SEEKING RE-APPOINTMENT
Pursuant to Regulation 36(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015) and Secretarial Standard 2 issued by the Institute of Company Secretaries of India. The brief resume of the director is as follows:
Name of Director Director Identification Number (DIN) Date of Birth Age Qualification
Experience
Terms and Conditions of Appointment
Remuneration last drawn during the Financial Year 2024-25 Nature of Expertise in Specific Functional Areas
Date of first appointment Number of shares held in the Company Inter-se relationship with other Directors and Key Managerial Personnel No. of Board Meetings Attended during the year Listed entities from which the Director has resigned from directorship in the past three (3) years Directorships held in other companies Membership / Chairmanships of committees of other companies (includes only Audit Committee and Stakeholders Relationship) Proposed Remuneration
from
Mr. Sunil Dutt Bhatt 09263587 25-06-1960 65 years Post Graduation (M. Sc. in Statistics) from Pt. Ravishankar Shukla University, Raipur and Indian Engineering Metallurgical Institute of Metals, Kolkata. Mr. Bhatt has vast experience in the metal and weighment domain and has retired from Bhilai Steel Plant, Steel Authority of India Limited in the year 2020. He has been on the Board of our Company since August 04, 2021. Non Executive Independent Director, not liable to retire by rotation. Not Applicable Except Sitting Fees of Rs. 1,20,000. Technical and Strategic Planning, Operations and Accounting, Product development and weighment. 04-08-2021 Nil None
5/5 Nil
Nil Membership of Audit Committee and Stakeholders Relationship Committee of the Company. Sitting Fees as approved by the Board of Directors
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