Sabrimala Industries India Ltd

Transaction overview

• Target: Sabrimala Industries India Limited.
• Disclosing party: Vivek Raheja and PACs, non-promoter.
• Transaction type: disposal of equity shares.
• Date: 25/09/2026.
• Mode: open market sale on BSE.
• Pre-disposal holding: 5,64,222 shares (6.47%).
• Shares sold: 2,00,000 shares (2.29%).
• Post-disposal holding: 3,64,222 shares (4.18%).
• Total equity capital before/after: 87,14,500 shares (₹8,71,45,000).
• Total diluted capital: 87,14,500 shares (no outstanding convertibles).
• Encumbrances: Nil.

Sabrimala Industries India Ltd – Closure of Trading Window

AGM Details

• AGM held on 15 September 2026 at 11:30 AM IST via VC/OAVM.
• Record date for entitlement: 8 September 2026.
• Total shareholders on record: 2,190.
• Remote e-voting and AGM e-voting facility provided.

Resolutions Proposed

• Resolution 1 (Ordinary): Adopt standalone financial statements and related reports.
• Resolution 1b (Ordinary): Adopt consolidated financial statements and related reports.
• Resolution 2 (Ordinary): Regularize Ms. Sangeeta Harapalani as Additional director (executive woman).
• Resolution 3 (Special): Regularize Mr. Amit Kapoor as Additional director (independent).
• Resolution 4 (Ordinary): Regularize Mr. Ankit Himmatsinghka as Additional director (Non-Executive).
• Item 3 was amended via addendum to read as a Special Resolution.

Voting Outcomes

• Resolution 1: Passed by majority (107 in favour, 8 against).
• Resolution 1b: Passed by majority (107 in favour, 8 against).
• Resolution 2: Passed by majority (107 in favour, 8 against).
• Resolution 3: Passed as Special Resolution (107 in favour, 8 against).
• Resolution 4: Passed (106 in favour, 9 against).

Director Appointments

• Ms. Sangeeta Harapalani appointed as Additional director (executive woman).
• Mr. Amit Kapoor appointed as Additional director (independent) per special resolution.
• Mr. Ankit Himmatsinghka appointed as Additional director (Non-Executive).

Dividend & Other Approvals

• Dividend: No proposal declared or disclosed in the AGM results.

Sangeeta Harpalani: Executive Woman Director (Regularized)

• Regularized as executive woman director; effective 11 Aug 2026; no director relationships.
• Profile: Ph.D. in Management; FCS; ACMA; LL.B.; MBA Finance; 20+ years governance.

Amit Kapoor: Independent Director (Regularized)

• Regularized as Independent Director; effective 11 Aug 2026.
• Profile: commerce graduate, CA, PGDBA Finance; 19+ years' experience.
• No director relationships.
• Not debarred under SEBI order.

Ankit Himatsingka: Non-Executive Director (Appointed)

• Regularization of Ankit Himatsingka as Non-Executive Director; appointment 26 Dec 2025.
• Profile: CA; Harvard Business School alumnus; growth and restructuring.
• No director relationships.
• Not debarred under SEBI order.

AGM Details

• Date and time: 15 September 2026 at 11:30 A.M.
• Mode: through Video Conferencing/Other Audio-Visual Means (VC/OAVM).
• Meeting concluded at 12:16 P.M.
• 66 members attended the meeting.

Key Resolutions

• Adopt standalone financial statements for FY ended 31 March 2026.
• Adopt consolidated financial statements for FY ended 31 March 2026.
• Regularize Ms. Sangeeta Harapalani as Additional Director (Executive Woman).
• Regularize Mr. Amit Kapoor as Independent Additional Director.
• Regularize Mr. Ankit Himmatsinghka as Non-Executive Director.

Voting and Results

• Voting results to be announced after the Scrutinizer's report.
• Results to be disseminated on stock exchanges and the company website within two working days.

Director Changes

• Ms. Sangeeta Harapalani appointed as Additional Director (Executive Woman).
• Mr. Amit Kapoor appointed as Independent Additional Director.
• Mr. Ankit Himmatsinghka appointed as Non-Executive Director.

Director Appointment

• Appointment: Ms. Sangeeta Harpalani appointed as Additional Director (Executive).
• Effective date: 11.08.2026; term as Additional Director; not CFO.
• Reason: on recommendation of Nomination and Remuneration Committee.
• Profile: Ph.D. in Management; FCS; ACMA; LL.B.; MBA Finance; 20+ years governance experience.
• Relationship: has no relationship with other directors.
• Compliance: not debarred from office of director per SEBI orders.

Shareholder communications

• Letter dispatched to shareholders with unregistered emails, providing web-link to FY2025-26 Annual Report.
• Annual Report accessible on sabrimala.co.in via Investor Relations section.

AGM and e-voting

• AGM on Sep 15, 2026 at 11:30 AM through Video Conference/OAVM.
• Cut-off date for e-voting: Sep 8, 2026.
• e-voting period: Sep 12-14, 2026.
• Notice and Annual Report available on company and BSE websites.
• Physical holders urged to update emails using ISR-1 with PAN and address proof.

Financials

• Standalone revenue from operations: 0.24 lakh for year ended 31 Mar 2026.
• Standalone total income: 83.92 lakh; main driver Other income: 83.68 lakh.
• Standalone profit before tax: 45.99 lakh; tax: 12.43 lakh; Standalone PAT: 33.56 lakh.
• Consolidated revenue from operations: 0.24 lakh; Consolidated PAT: 33.36 lakh; Consolidated EPS: 0.38.
• Standalone EPS: ₹0.39 per share.

Capital & liquidity

• Paid-up equity capital: ₹871.45 lakh; authorised capital: ₹1,000 lakh.
• No debt; Standalone cash: ₹27.35 lakh; Consolidated cash: ₹29.10 lakh.
• Contingent liability: Kotak Mahindra Bank guarantee ₹452.50 lakh with lien on FDR.

Business developments

• Diversified into stressed-asset resolution; filed 10 Expressions of Interest and 4 resolution plans.
• Sabrimala Industries LLP remains a 99.94% subsidiary.

Governance & board

• Resigned 29 July 2026: Ms. Sheela Gupta and Mr. Tapan Gupta.
• MD Varun Mangla resigned 11 Aug 2026; Sangeeta Harpalani appointed Executive Director & CFO.
• Amit Kapoor appointed Independent Director; Ankit Himmatsingka appointed Non-Executive Director.

Audits & internal controls

• Statutory auditor: Suresh & Associates; opinion unqualified.
• Secretarial auditor: RSH & Associates; minor procedural observations noted.
• Internal financial controls: adequate and operating effectively; no material weaknesses observed.

Subsidiaries & group

• One subsidiary: Sabrimala Industries LLP; 99.94% holding.
• Consolidated assets: ₹1,196.52 lakh; net assets: ₹727.47 lakh.

Related parties & transactions

• Inox World Industries: interest income ₹18.22 lakh; loan balance ₹225 lakh.
• Salaries to KMP: ₹1.69 lakh; related party balances shown in notes.

Risks & outlook

• IBC-stressed assets present growth opportunities; plastics sector faces headwinds.
• Management remains cautiously optimistic on long-term value from both business lines.

Resignation: Varun Mangla (MD)

• Resigned as Managing Director due to pre-occupation; will remain as Director.
• Effective from acceptance of resignation by the Board.
• No other material reasons stated.

Appointment: Sangeeta Harpalani as MD & CFO

• Appointed Additional Director; to be designated MD and CFO; effective 11 Aug 2026.
• PhD in Management; FCS; ACMA; LLB; MBA Finance; 20+ years governance/finance experience.
• Relationship with other directors: No relationship.
• Not debarred from holding director office per SEBI orders.

Appointment: Amit Kapoor as Independent Director

• Appointed Additional cum Independent Director; effective 11 Aug 2026.
• Commerce graduate; CA; PGDBA Finance; 19+ years in outsourcing and banking.
• Relationship with other directors: No relationship.
• Not debarred from holding director office per SEBI orders.