Davin Sons Retail Ltd

AGM details

• AGM conducted via VC/OAVM in September 2026.
• Remote e-voting available; window opened before and during the AGM.
• Meeting concluded after the e-voting period.

Key resolutions

• Adopt audited financial statements and reports for the year ended.
• Reappoint director retiring by rotation.

Voting results

• Results of e-voting to be declared within two working days.
• Outcome for financial statements resolution pending; results not disclosed.
• Outcome for director rotation resolution pending; results not disclosed.

Director changes

• Director retiring by rotation eligible for reappointment.

Auditor status

• Statutory auditors attended; no changes disclosed.

AGM Details

• AGM held on 30 September 2026 at 03:00 p.m. IST via VC/OAVM.
• Remote e-voting conducted 27–29 September 2026; AGM concluded 03:51 p.m.

Resolutions

• Ordinary: adopt audited financial statements and reports.
• Ordinary: director retiring by rotation reappointed.

Voting Status

• Results of e-voting to be declared within two working days.
• Results will be uploaded on company site, stock exchange site, and NSDL portal.

Directors & Governance

• Directors present included MD as chair; no speakers registered.
• In attendance: Statutory Auditors and internal auditor.

Davin Sons Retail Limited trading window closed from October 1, 2026 until the end of 48 hours after the publication of Unaudited Financial Results for the quarter and half year ended September 30, 2026

AGM via VC/OAVM notice

• 4th AGM scheduled Sept 30, 2026 at 3:00 PM IST via VC/OAVM.
• Public notices published in Financial Express (English) and Jansatta (Hindi) on Sept 10, 2026.
• Copies of newspaper publications enclosed dated Sept 10, 2026.
• AGM notice complies with Regulation 47 SEBI LODR and VC/OAVM norms.
• Signed by Chairman & Managing Director Mohit Arora.

Financial highlights

• Revenue from operations 815.57 Lakhs, down from 1352.70 Lakhs prior year
• Total income 818.00 Lakhs, down from 1359.12 Lakhs
• PAT 76.94 Lakhs, down from 166.26 Lakhs
• PBT 103.83 Lakhs; tax 26.13 current, 0.76 deferred
• EPS 4.1 Rs; continuing and total
• No dividend declared for the year

Capital changes

• Authorized capital raised to Rs 10 crore
• Paid-up capital Rs 6.61 crore with 66,12,792 shares
• Promoter holding 28.86% as on 31.03.2026
• 50 Lakh equity shares issued on preferential basis at Rs 25
• 50 Lakh warrants issued; 75% payable on exercise
• IPO completed Jan 2025; listed on BSE SME

Business model and segments

• Two segments: Garments and FMCG
• Segment revenue: Garments external 736.43; FMCG external 741.94; Total 815.57
• Finished goods inventories 673.35 Lakhs
• Key management: MD Mohit Arora; WTD Nohit Arora; CFO Shruti Khanna
• No subsidiary; no consolidation required

Governance & compliance

• 8 board meetings held in year
• Audit Committee met 4 times
• Penalties for late filing paid to BSE
• Internal controls adequate; MD/CFO certificates provided
• POSH policy in place; no harassment cases reported

Outlook and risks

• Outlook: expand e-commerce, omni-channel; tier-II expansion
• Focus on sustainable fabrics and health FMCG
• Risks: material price volatility and seasonality
• MD&A annexure provides longer-term outlook

Shareholding and related party

• IPO and preferential issue caused promoter dilution
• Promoters hold 28.86% as of 31-03-2026
• Upvastra Clothing Private Limited: 52.44 Lakh related-party sale
• Dividend policy: no dividend declared

AGM Details

• AGM date/time: 30 September 2026 at 03:00 PM IST via VC/OAVM.
• Attendance eligibility on cut-off date: 23 September 2026.
• Remote e-voting window: 27 Sept 2026, 9:00 AM to 29 Sept 2026, 5:00 PM.
• AGM attendance via VC/OAVM with 1000 member participation cap.

Resolutions Put to Vote

• Ordinary: adoption of Audited Financial Statements and reports for year ended 31 March 2026.
• Ordinary: reappointment of Nohit Arora as Director, retiring by rotation.

Dividend

• Dividend: no dividend proposed or declared for the year.

Directors & Governance

• Nohit Arora retires by rotation; offers for reappointment.
• Independent directors Saloni Mehra and Sapna remain on the Board.

Auditors & Secretarial

• Statutory auditors Sharma Sharma & Co appointed for five-year term.
• Secretarial auditors Priya Binani & Associates appointed for five consecutive years.
• Internal auditors: N.K. Mittal & Associates appointed.

Material Related Party Transactions

• All related party transactions at arm's length and in ordinary course.
• RPT: sale of goods to related party; value disclosed; board approval date noted.

Capital Changes & Other Approvals

• Capital changes: authorized capital increased; equity and warrants issued.
• Promoter dilution due to preferential issue.

Non-applicability of Integrated Filing for Q1 2026

• Non-applicability of Integrated Filing (Financial) for quarter ended 30 June 2026 due to SME exemption.
• Regulation 33(5) implies half-yearly results for SME-listed entities; no quarterly financials required.
• No requirement to disclose statement on deviation or variation for proceeds of issues in Q1 2026.
• No outstanding defaults on loans or debt securities as of 30 June 2026.
• Related party transactions disclosure not applicable for the quarter per applicable circular.
• MD Mohit Arora signed digitally; filing dated 17 July 2026.

Dematerialisation/rematerialisation update

• Details of dematerialised/rematerialised securities during the period have been furnished to all exchanges where shares are listed.

Grievance status

• Total investor complaints received, pending, and resolved: zero for quarter ended 30 June 2026.
• Submitted to BSE under SEBI LODR; sign-off by MD Mohit Arora.