Electronics Mart India Ltd

Electronics Mart India Limited — Closure of Trading Window from 01 October 2026 till 48 hours after the declaration of Un-Audited Financial Results (Standalone & Consolidated) for the Second Quarter and First Half year ending 30 September 2026 of FY 2026-27.

AGM details

• AGM held on 25 September 2026 at 12:30 PM via VC/OAVM.
• Record date for entitlements: 18 September 2026.
• Remote e-voting: 22-24 September 2026; voting at AGM.
• Scrutinizer appointed; report dated 26 September 2026.
• All resolutions set out in AGM notice were passed.

Key resolutions & outcomes

• Item 1 (Ordinary): Adopt standalone financial statements; approved.
• Item 2 (Ordinary): Adopt consolidated financial statements; approved.
• Item 3 (Ordinary): Director reappointment after retirement; approved.
• Item 4 (Special): Increase in borrowing limits; approved.
• Item 5 (Special): Creation of charges on assets; approved.

Director changes

• Director reappointment approved; term as per applicable rules.

AGM Details

• AGM held on 25 Sept 2026 at 12:30 PM IST via VC/OAVM.
• Meeting concluded at 2:05 PM IST.

Key Resolutions

• Adoption of standalone financial statements for FY ended 2026 (ordinary).
• Adoption of consolidated financial statements for FY ended 2026 (ordinary).
• Reappointment of Mr. Karan Bajaj as Director liable to retire by rotation (ordinary).
• Increase in borrowing limits under section 180(1)(c) (special).
• Creation of charges on assets under section 180(1)(a) (special).

Voting Status

• Resolutions to be deemed passed subject to receipt of requisite votes.

Director Changes

• Reappointment of Karan Bajaj as Director liable to retire by rotation.

Auditors

• Statutory auditors Walker Chandiok & Co LLP attended; no changes announced.

Material Related Party Transactions

• No material related party transactions disclosed.

Other Material Approvals

• No ESOPs or charter amendments disclosed.

Meeting Details

• Date and time: 28 September 2026, 4:00 PM–5:00 PM.
• Meeting type and mode: group meeting (virtual).
• Organiser: Nirmal Bang Securities.
• Company officials will attend as part of the investor meeting.
• Purpose: discussions based on publicly available information.

Key Update

• Commenced commercial operations of a new Bajaj Electronics store on 21 September 2026 in Anakapalli, Narsipatnam, Andhra Pradesh.
• Store area is 4,500 square feet.

AGM notice and IAR details

• Notice of 8th AGM on 25 September 2026 via VC/OAVM at Hyderabad corporate office.
• Integrated Annual Report for FY 2025-26 hosted on the company's website.
• Letters dispatched to members without registered emails linking to IAR.
• Cut-off date for e-voting: 18 September 2026.
• Remote e-voting window: 22 September 2026 09:00 to 24 September 2026 17:00 IST.
• Physical copies of IAR and AGM Notice available on request to KFin or the Company.
• Website path: electronicsmartindia.com -> Investors -> Annual Report -> 2025-26.
• For queries, contact cs@bajajelectronics.in or einward.ris@kfintech.com.

Meeting Details

• Date: 09 September 2026; Time: 10:00 a.m. – 04:00 p.m.
• Type: One-on-One / Group; Mode: Physical; Venue: Mumbai.

Participants

• Company officials including the Company Secretary & Compliance Officer to attend.

Purpose

• Purpose: Analyst/institutional investor discussions based on publicly available information.

Additional Notes

• No details provided on recordings or presentations.

Overview

• EMIL is a consumer electronics retailer, filing BRSR for FY2025-26 on a standalone basis.
• BRSR forms part of the 08th Integrated Annual Report with limited assurance on Core indicators.
• Scope is standalone; 237 stores across six states; core focus remains B2C, with ~1% B2B revenue.
• Assurance provider: Vinay and Keshava LLP; report dated August 12, 2026.

Key ESG Risks & Opportunities

• Energy management risk from store electricity use and GHG; solar installations expanding.
• Data privacy and cybersecurity risk; robust governance framework in place.
• Supply chain governance risk; policy extended to value chain to improve sustainability.
• Sustainable packaging and waste management offering potential cost savings.
• Local community engagement presents brand goodwill and long-term value.

Governance & Policy Highlights

• ESG Committee chaired by an independent director; ESG Working Committee coordinates initiatives.
• Policies cover anti-bribery, whistleblower, human rights, and code of conduct.
• Policies extend to value chain; governance framework includes related-party controls.
• No penalties or fines for corruption or conflicts of interest in FY2025-26.
• Assurance: Limited on BRSR Core indicators by Vinay and Keshava LLP.
• Policy web link: policy and code of conduct; board oversight with director recusal where needed.

Social Responsibility & Workforce

• Total employees: 5,536; permanent 3,344 and non-permanent 2,192.
• Board female representation: 33% (2 of 6); KMP female: 20% (1 of 5).
• LTIFR: 0; no fatalities; safety programs and hazard reporting in place.
• Training: 5 BOD trainings, 20 KMP trainings, 22 staff trainings; 100% coverage.
• Grievance mechanisms include online portal and HR channels; POSH compliance in place.
• CSR initiatives cover 9 projects; all beneficiaries from vulnerable groups; multiple partners listed.

Environmental Performance

• Total energy: 149,945.45 GJ; renewable share 880.92 GJ; non-renewable 149,064.53 GJ.
• Scope 1: 779.42 MT; Scope 2: 27,305.52 MT CO2e; total ~28,085 MT CO2e.
• Energy intensity: 3.91e-7 MT CO2e per rupee turnover (PPP-adjusted: 7.95e-6).
• Total waste: 2,233.32 MT; e-waste 6.55 MT; office waste 2,226.77 MT; 34.19 MT recovered.
• Solar plants installed at seven locations; rooftop solar; smart meters at seven sites; Edge Group partnership.

Stakeholder Engagement & Complaints

• Key stakeholder groups: customers, employees, investors, shareholders, suppliers, regulators, communities, lenders, digital platforms.
• Engagement channels include surveys, meetings, CRM, and regulatory interactions; materiality assessments conducted.
• Customer complaints: 880 filed in 2025-26; 0 pending; employees filed 4; communities 0.
• Grievance policy links provided for communities, investors, and customers; supplier code of conduct in place.
• 100% supplier awareness training; 100% supplier assessment planned in the next year.

Other Notable Metrics

• Sales concentration: top 10 dealers accounted for 41.55% of dealer sales (2025-26).
• Purchases from related parties: 0.03% of total purchases; investments with EMIL 100%.
• Green credits generated/procured: 0; public policy affiliation with industry bodies (e.g., CII).
• Public policy advocacy planned as needed; information on policy positions is in public domain where applicable.
• CSR beneficiaries include multiple programs; 100% of beneficiaries from vulnerable groups in listed projects.

Financial snapshot

• Standalone revenue from operations: 71,832.62 million, +6.71% YoY.
• Standalone EBITDA: 4,382.74 million; EBITDA margin 6.10%.
• Standalone PAT: 1,071.80 million; PAT margin 1.49%.
• Consolidated total income: 71,914.50 million; growth 6.69%.
• Basic EPS: 2.79; shares outstanding 38,47,48,762.

Store footprint & growth

• Retail network at 223 stores; 29 opened in 2025-26.
• Capex allocated towards expansion: 1,470.21 million.
• New formats: Kitchen Stories, Easy Kitchens, Audio & Beyond; TCP partnership.
• Key markets: Telangana, Andhra Pradesh, Delhi-NCR.

Capital structure & liquidity

• Total borrowings: 8,911.22 million; current 6,926.06; non-current 1,985.16.
• Net debt: 8,241.98 million; gearing: 33.64%.
• Cash & cash equivalents: 497.47 million (consolidated).
• Credit rating: IND A with Stable outlook; no covenant breaches.
• Dividend status: no dividend declared for FY2025-26.

Operations & margins

• Gross margin: 14.44%; COGS: 61,461.24.
• Retail accounts for ~99% of revenue; B2B ~1%.
• Inventory: 12,406.72; inventory turnover: 4.97x.
• Consolidated EBITDA margin: 6.10%.

ESG, energy & CSR

• Rooftop solar at six stores; total capacity 187 kW; 170k+ kWh generation.
• CSR spend: 42.23 million; EMIL CSR Foundation drives programs.
• Renewable energy and energy-management initiatives; data privacy policies.
• POSH: four complaints in 2025-26; all resolved; governance strengthened.

Governance & controls

• Board: 6 directors; 3 Executive, 3 Independent; 2 women.
• Statutory auditors: Walker Chandiok; Internal: Guru & Jana; Secretarial: VSSK & Associates.
• Internal Financial Controls (IFC) adequate; CEO/CFO certification provided.
• Independent Directors held a separate meeting on 21 May 2025.

Dividend, governance, and disclosures

• AGM planned for 25 September 2026; VC/OAVM; remote e-voting 22-24 Sep 2026.
• Dividend policy: no dividend declared for FY2025-26.
• Consolidated governance structure includes 7 board committees; ESG and Finance committees noted.
• Shareholding trends show promoter holdings around one-third each; top funds hold significant stakes.

Outlook & risks

• Growth driven by premiumisation, technology adoption, and selective geographies.
• Key risks: supply chain disruptions, regulatory shifts (new labour codes), competition.
• Management focusing on disciplined capital allocation, digital capability, and store experience.