Sarthak Industries Ltd

AGM details

• AGM held via VC/OAVM and concluded after about an hour.
• Meeting held in the afternoon; record date for voting in mid-August 2026.

Key resolutions

• Ordinary: adoption of annual financial statements approved.
• Ordinary: director(s) retirement by rotation re-appointd approved.
• Ordinary: ratification of cost auditor remuneration approved.
• Special: re-appointment of a director as Whole-Time Director approved.

Voting results

• All resolutions passed by requisite majority with strong support.

AGM Details

• AGM held on August 18, 2026 at 01:00 P.M. IST via VC/OAVM.
• Registered Office deemed venue for the meeting.
• 32 members attended the meeting via VC/OAVM.
• AGM concluded at 01:18 P.M.
• Voting conducted via remote e-voting and AGM e-voting.

Resolutions

• Adopt financial statements for the year ended March 31, 2026.
• Re-appoint Deepika Arora as director retiring by rotation.
• Ratify remuneration payable to Cost Auditors for FY ending March 31, 2027.
• Re-appoint Ajay Peshkar as Whole-time Director via Special Resolution.

Voting Status

• Voting results will be separately intimated to stock exchange.

Director Changes

• Deepika Arora to retire by rotation and seek re-appointment.
• Ajay Peshkar to be re-appointed as Whole-time Director.

Auditor Matters

• Remuneration of Cost Auditors for FY ending March 31, 2027 ratified.

Financial highlights

• Revenue from operations ₹8,231.62 lacs; Total revenue ₹8,250.33 lacs.
• Net profit after tax ₹51.32 lacs; Basic EPS ₹0.55.
• Profit before tax ₹69.80 lacs; Total comprehensive income ₹69.83 lacs.
• Trading revenue ₹8,049.96 lacs; Cylinders ₹188.40 lacs; Unallocated ₹11.97 lacs.
• Audit status: Limited Review; opinion not issued.
• Quarter ended 30 Jun 2026 unaudited; balancing figures vs Mar 31, 2026 disclosed.

Segment performance

• Trading revenue dominates segment contributions; Cylinders modest by comparison.
• Segment pre-tax profit totals ₹126.69 lacs; finance cost ₹56.89 lacs.
• Consolidated pre-tax (PBT) ₹69.80 lacs.

Financial results approved

• Unaudited standalone results for quarter ended 30 Jun 2026 approved; Limited Review Report filed.
• Revenue from operations: 8231.62; Total revenue: 8250.33 lacs for Q1 FY2026-27.
• Net profit after tax: 51.32; EPS basic: 0.55 for the quarter.

Auditor disclosures

• Auditor: Ashok Khasgiwala & Co. LLP; Limited Review Report included; no material misstatement.
• Related party transactions: Not Applicable.
• Outstanding defaults on loans to be filed with XBRL.
• Audit qualifications: Not Applicable.

Regulatory / compliance notes

• Labour Code reforms: no material liability envisaged; review when Rules are notified.

Financial snapshot

• Revenue from operations: ₹28,217.99 L; up from ₹20,433.64 L.
• Other income: ₹355.00 L; up from ₹176.84 L.
• Profit after tax: ₹348.02 L; EPS ₹3.75.
• Total comprehensive income: ₹349.52 L; OCI ₹1.50; prior OCI (₹86.40).
• Profit before tax: ₹394.45 L; tax expense ₹46.43 L.
• Dividend: no dividend declared for FY2025-26.

Segment and product mix

• Segments: LPG Cylinders and Merchant Trading; Unallocable.
• LPG Cylinders revenue ₹598.36 L; Merchant Trading ₹27,638.36 L; Total ₹28,572.99 L.
• Domestic revenue ₹28,523.43 L; export ₹49.56 L.
• Major customer contributed ₹6,278.16 L in Merchant Trading.

Capital structure and liquidity

• Equity capital ₹929.18 L; total equity ₹4,566.88 L.
• Borrowings: current ₹1,442.29 L; non-current ₹31.02 L; total ₹1,473.31 L.
• Cash and cash equivalents ₹5.74 L.
• Net debt to equity: 0.315x; gearing improved.
• Bank facilities from UCO Bank and Punjab National Bank.

Dividends and shareholding

• Dividend: none declared for FY26.
• Outstanding equity shares: 9,291,800; face value ₹10.
• Shareholding mix: Promoters 35.81%; Domestic corporates 39.66%; NRIs/OCI 6.79%; Indian public 17.63%.
• Top holders include Anand Mangal Investment & Finance 13.92%; Manish Shahra 16.46%.
• No differential voting rights; no stock options issued.

Governance and management

• Board: 5 directors; 3 Independent; WTD Ajay Peshkar; KMPs Om Mundra and Riya Bhandari.
• Board meetings: 7 in FY2025-26; ID meeting on 09.02.2026.
• Audit Committee: 6 meetings; Chairman Shashikant Padgil; Members Ved and Sethi.
• Remuneration: Ajay Peshkar re-appointed WTD; Deepika Arora re-appointed as Non-Executive Director.
• Secretarial Auditor: Ajit Jain & Co; Internal controls: adequate; CSR not applicable.

Audit, compliance and disclosures

• Statutory Auditor: Ashok Khasgiwala & Co. LLP; Cost Auditor: A. Goyal & Co; Internal Auditor: S K Malani & Co.
• Secretarial Audit: Ajit Jain & Co; No adverse comments.
• Key audit matter: Uncertain tax positions noted.
• Contingent liabilities: Income tax disputes ₹709.22 L; VAT disputes ₹106.18 L; other ₹19.49 L.
• CSR: No CSR liability; CSR not applicable.

Outlook and risks

• FY26 turnover and profitability declined vs FY25; management anticipates improvement in 2026-27.
• IT sector diversification via investment; exploring acquisition opportunities.
• Outlook: India’s economy resilient; demand for cylinders and trading to support growth.
• Risks: competition, input costs, policy changes; company hedges and monitors risk.

Book closure and AGM details

• AGM scheduled for 18 August 2026 at 01:00 PM IST via VC/OAVM.
• Book closure for equity shares from 08 August 2026 to 18 August 2026 (inclusive).
• Purpose: Annual General Meeting.
• Cut-off date for voting entitlement: 11 August 2026.
• Remote e-voting period: 15 Aug 2026 09:00 IST to 17 Aug 2026 17:00 IST.
• Security type: Equity shares.
• Dividend payment not applicable for this closure.

AGM scheduling and governance actions

• Approved the notice of 42nd AGM and Board's Report with annexures.
• Register of Members and Share Transfer Books closed 08 Aug to 18 Sep 2026 for AGM.
• AGM scheduled for 18 August 2026 at 1:00 PM via VC/OAVM.
• Appointed Amit Jain, Practising Company Secretary, Indore, as Scrutinizer for e-voting.