Sahyadri Industries Ltd

Sahyadri Industries Ltd - Closure of Trading Window

AGM Details

• Date and time: 17 August 2026, 03:35 PM to 04:44 PM.
• Mode: VC/OAVM.
• Record date: 10 August 2026.

Resolutions and outcomes

• Resolution 1 (Ordinary): Adopt financial statements for year ended 31 March 2026.
• Resolution 2 (Ordinary): Appointment of director by rotation.
• Resolution 3 (Ordinary): Final dividend of Rs 1.5 per equity share.
• Resolution 4 (Ordinary): Re-appoint statutory auditors for second five-year term.
• Resolution 5 (Ordinary): Ratify remuneration payable to Cost Auditor for 2026-27.
• Resolution 6 (Special): Re-appoint Independent Director for five-year term.

Dividend

• Final dividend of Rs 1.5 per equity share approved.

Auditors and Directors Changes

• Statutory auditors re-appointed for a second five-year term.
• Cost Auditor remuneration for 2026-27 ratified.
• Independent Director re-appointed for five-year term.

AGM Details

• Date and time: 17 August 2026, 3:35 PM IST; mode: VC/OVAM.
• Remote e-voting conducted Aug 14–16, 2026; on-site voting during meeting.

Key Resolutions

• Adopt Audited Financial Statements for year ended 31 Mar 2026.
• Re-appoint Tuljaram Maheshwari as Director by rotation.
• Declare final dividend of Re. 1.5 per equity share.
• Re-appoint Joshi Apte & Co as Statutory Auditors for 2nd term; fix remuneration.
• Ratify remuneration payable to Cost Auditor Narhar Nimkar for 2026-27.
• Re-appoint Ankem Sri Prasad Mohan as Independent Director for second term.

Dividend

• Final dividend of Re 1.5 per equity share declared.

Voting Outcome

• Voting results will be submitted separately; outcomes not disclosed in this filing.

Directors

• Re-appointment of Tuljaram Maheshwari as Director by rotation.
• Independent Director Ankem Sri Prasad Mohan appointed for second term.

Auditors

• Joshi Apte & Co re-appointed as Statutory Auditors for 2nd term.
• Remuneration for Cost Auditor Narhar Nimkar ratified for 2026-27.

Financial Highlights

• Total income ₹261.3 crore in Q1FY27, QoQ +32.9%, YoY +20.9%.
• EBITDA ₹41.7 crore; QoQ +100.5%, YoY +92.2%.
• PAT ₹26.5 crore; QoQ +150.0%, YoY +145.4%.
• EBITDA margin 16.0%.

Operational Highlights

• Capacity utilization at 103% in Q1 FY27.

Dividend & Outlook

• Board recommends interim dividend of 25% (₹2.5 per share) for FY27.
• Outlook: Roofing sector growth remains positive in FY27, subject to geopolitical conditions, forex volatility, and material costs.

Business Overview

• Building materials company manufacturing roofing sheets, fibre cement boards, and flat sheets.

Operational Highlights

• Q1 FY27 revenue ₹261.3 Cr, up 20.9% YoY.
• Capacity utilisation at 103% in Q1 FY27.
• Interim dividend of 25% recommended for FY27.

Financial Performance

• EBITDA ₹41.7 Cr, margin 16.0% in Q1 FY27.
• PAT ₹26.5 Cr; PAT margin 10.2%.
• Gross margin 42.4%; EBIT margin 13.8%.
• Q1 FY27 EPS ₹24.2.

Capital Structure & Liquidity

• Total equity ₹406.1 Cr; reserves ₹395.1 Cr (Mar-26).
• Current borrowings ₹16.3 Cr; non-current ₹0.1 Cr.
• Cash & cash equivalents ₹6.7 Cr; FY26 operating cash flow ₹121.34 Cr.

Capex & Growth Strategy

• Capex update: Orissa 120,000 MTPA asbestos sheet; ₹95 Cr capex.
• Maharashtra 72,000 MTPA non-asbestos cement boards; ₹95 Cr capex.
• Funding: internal accruals and debt; markets East/West and North.

Outlook & Strategic Focus

• Outlook: Roofing sector positive in FY27, subject to geopolitics and forex volatility.
• Focus on margin-rich value-added products and capacity expansion.

Risks & Mitigation

• Exports impacted by geopolitics; forex volatility and raw material costs.
• Mitigation: grow VAP mix, broaden geographies, and fund growth via cash flow.

Governance

• Board approved interim dividend of 25% for FY27.

Financial highlights

• Q1 FY2027 net sales from operations: Rs 258.58 cr.
• Building Material revenue Rs 256.20 cr; Power Generation Rs 4.84 cr.
• Profit before tax Rs 35.50 cr; profit after tax Rs 26.52 cr.
• Interim dividend Rs 2.50 per equity share; record date 21 Aug 2026; payment 8 Sep 2026.

Expansion & capex

• Odisha unit for asbestos corrugated sheets: 120,000 MT.
• Maharashtra unit for non-asbestos cement boards: 72,000 MT.
• Land identified; land acquisition in process.

Audit & reporting

• Unaudited standalone results for quarter ended 30 Jun 2026.
• Auditors Joshi Apte & Co; unmodified review report.

Revenue mix & segments

• Inter-segment revenue Rs 2.46 cr; net sales from operations Rs 258.58 cr.
• Segments: Building Material and Power Generation.

One-time items

• One-time employee benefits provision of Rs 64.50 lakhs due to Labour Codes.

Meeting Details

• Date: 12 August 2026; Time/venue not disclosed.

Key Agenda Items

• Unaudited financial results for quarter ended 30 June 2026.
• Interim dividend declaration for FY 2026-27.
• Record Date for Interim Dividend (if declared).

Other Notes

• Trading window closed 01 July 2026 to 14 August 2026 for results.
• Trading window closed 05 August 2026 to 14 August 2026 for interim dividend.

Dematerialisation processing and listing

• Dematerialisation requests for the reporting period were processed and confirmed to the depositories.
• The dematerialised securities have been listed on the relevant stock exchanges.
• Physical certificates for dematerialisation were mutilated and cancelled; depository's name substituted as registered owner within prescribed timelines.