Saffron Industries Ltd

AGM notice & business

• Notice for the 33rd AGM to be held on 24 September 2026 at 11:00 AM in Nagpur.
• To adopt audited financial statements for FY ended 31 March 2026 and related reports.

Director appointment

• Director Manoj Rameshwar Sinha (DIN: 07564967) to be reappointed; retires by rotation.

Directors' Report

• Board approves Directors' Report for FY ended 31 March 2026.

Share/Book closure

• Register of Members and share transfer books closed 17-24 September 2026.

Meeting Details

• Board meeting scheduled for 29 July 2026; time and venue not disclosed.

Key Agenda Items

• Consider, discuss and approve unaudited financial results for quarter ended 30 June 2026.

Other Notes

• Trading window closed from 01 July 2026 until 48 hours after unaudited results are communicated.

Dematerialisation status and listing

• Securities received for dematerialisation in quarter ended 30 June 2026 were confirmed to depositories by Adroit.
• Dematerialised securities have been listed on the stock exchanges where the earlier issued securities are listed.
• Dematerialisation certificates were mutilated and cancelled after verification, with depository registered owner substitution within 15 days.

Board approval and audit status

• Board approved Audited Standalone Results for quarter/year ended 31 March 2026.
• Auditors Jagdish Khatri & Associates issued an unmodified opinion.
• Total Income around 689.7 Lakhs; PAT about 157.4 Lakhs; EPS 2.19.
• Board meeting held on 30 May 2026 to approve results.

PDF/XBRL submission discrepancy and corrective action

• Exchange flagged discrepancy: standalone results submitted in XBRL but PDF incomplete.
• Omission was inadvertent; no change in XBRL financial figures.
• Re-submission of complete Standalone results in PDF on BSE Listing Centre.
• Action aims to ensure compliance and transparency.

Internal auditor appointment

• Gopal M. Choudhary re-appointed Internal Auditor for FY 2026-27.
• Board approved the appointment at the 30 May 2026 meeting.

EGM Purpose and Resolutions

• Re-appointment of Shri Manoj Rameshwar Sinha as Whole-Time Director for 3 years (Ordinary resolution).
• Approval for granting loans and advances to group companies under Sections 185 & 186 (Special resolution).

Voting Outcome and Meeting Conclusion ️

• Voting conducted via remote e-voting and polling papers during the EGM.
• No member queries or objections were raised during the meeting.
• Meeting concluded without additional business or changes to board/management.

Financial Performance 📊

• Q3 FY26 consolidated revenue: ₹153.259 lakhs, up 89% YoY from ₹81.032 lakhs.
• Q3 FY26 consolidated profit before tax: ₹83.192 lakhs vs ₹23.746 lakhs YoY.
• Nine months FY26 consolidated revenue: ₹544.641 lakhs vs ₹296.525 lakhs YoY.
• Nine months FY26 consolidated profit before tax: ₹98.434 lakhs vs loss of ₹10.446 lakhs YoY.
• Q3 FY26 standalone construction & real estate revenue: ₹152.445 lakhs, profit before tax ₹63.098 lakhs.
• Nine months FY26 construction & real estate revenue: ₹543.032 lakhs, profit before tax ₹322.108 lakhs.

Segment & Capital Employed

• Q3 FY26 standalone paper manufacturing revenue: ₹0.814 lakhs, loss before tax ₹0.754 lakhs.
• Nine months FY26 standalone paper manufacturing loss before tax: ₹223.675 lakhs vs ₹95.019 lakhs loss YoY.
• Segment capital employed: paper manufacturing negative ₹878.295 lakhs; real estate negative ₹791.375 lakhs.

Balance Sheet & Cash Flow

• Total assets as of Dec 31, 2025: ₹1,284.065 lakhs; current assets ₹1,233.508 lakhs, non-current assets ₹50.557 lakhs.
• Total equity as of Dec 31, 2025: negative ₹976.729 lakhs; total liabilities ₹2,162.360 lakhs.
• Closing cash and cash equivalents as of Dec 31, 2025: ₹140.821 lakhs, up from ₹79.770 lakhs at period start.
• Cash flow from operations for nine months FY26: ₹322.108 lakhs profit before working capital changes.
• Net cash flow from investing activities: ₹51.608 lakhs inflow, mainly from interest income.
• Net cash flow from financing activities: ₹(890.826) lakhs outflow due to decrease in borrowings.

Working Capital 📦

• Working capital changes include inventory increase of ₹40.508 lakhs and receivables increase of ₹185.748 lakhs.

Corporate & Audit

• Board approved Q3 and nine months FY26 unaudited results on Feb 11, 2026.
• Auditor's limited review report issued with no material misstatements noted.

Business Model & Segments

• Company operates in paper manufacturing and construction & real estate development segments.

Financial Performance

• Board approved unaudited standalone and consolidated financial results for Q3 and nine months ended 31 Dec 2025.
• Standalone profit before tax and after tax: ₹58.434 lakhs for nine months ended 31 Dec 2025.
• Consolidated profit before tax and after tax: ₹55.434 lakhs for nine months ended 31 Dec 2025.
• Consolidated basic and diluted earnings per share for nine months: ₹1.370.
• Paper manufacturing segment reported loss; real estate segment reported profit for the period.

Financial Statements Approved

• Unaudited standalone and consolidated segment-wise revenue, results, and capital employed disclosed.
• Unaudited assets and liabilities statement as of 31 Dec 2025 presented.
• Cash flow statement for nine months ended 31 Dec 2025 approved.

Auditor's Review ️

• Limited review report issued with no material misstatements or qualifications.

Governance and Compliance

• No dividends, capital raising, buybacks, preferential issues, or exceptional items declared.
• No changes in directors, auditors, or key management personnel.
• No deviations in issue proceeds, loan defaults, related party transactions, or audit qualifications reported.

🗓️ Meeting Details

• Board meeting scheduled for 11 February 2026 to consider unaudited financial results.

📊 Financial Performance

• Approval of unaudited financial results for the quarter ended 31 December 2025.