Sarup Industries Ltd

Sarup Industries Ltd.: Trading window closed from October 1, 2026 until 48 hours after unaudited financial statements for quarter/half year ended September 30, 2026 become generally available

Financial performance

• Revenue from operations: 1,608.45 Lakh; up modestly from 1,597.16 Lakh.
• Total income: 1,656.62 Lakh; down from 2,016.51 Lakh prior year.
• Net profit after tax: 56.83 Lakh; down from 478.88 Lakh due to lower other income.
• Earnings per share: INR 1.75 (year ended 31.03.2026).
• Profit before tax: 36.63 Lakh; down from 459.14 Lakh prior year.
• Dividend declared: none; no payout for FY2025-26.
• Surplus carried forward: -2,339.87 Lakh; negative carry forward.
• Equity capital: 325.24 Lakh; reserves negative -565.78 Lakh.

Operations and geography

• Geography: India revenue 1,608.45 Lakh; Outside India nil.
• Single segment: manufacturing of shoes and related products.
• Inventory: 4,533.91 Lakh; mall stock 1,619.64 Lakh.
• Trade receivables: 715.57 Lakh; trade payables: 1,442.14 Lakh.
• Total assets: 6,254.05 Lakh; cash and cash equivalents: 38.25 Lakh.

Capital structure & liquidity

• Equity capital: 325.24 Lakh; negative reserves (-565.78 Lakh); net worth negative.
• Total borrowings: 3,624.63 Lakh; current borrowings: 99.48 Lakh.
• Promoter holding: 64.76% of issued equity; public: 25.64%.
• Dematerialisation: NSDL 70.36%, CDSL 26.56%, physical 3.08%.

Governance & board

• Board comprised of MD, directors and independent directors; 7 board meetings held in FY26.
• Resignations: Ashwani Arora (Director) and Jagdish Chand (Independent) on 05.09.2025.
• New directors: Harjinder Kaur joined 27.02.2026; Harnarinder Deep Kaur appointed Independent from 06.09.2026.
• CFO changes: Gagandeep appointed 20.06.2025; Rajwinder Kaur appointed 13.02.2026.
• Audit Committee reconstituted: Rajinder K BhatiA (Chair), Kamaljeet Sharma, Ajay Kumar Sharma.

Audit, controls and risk

• Internal controls: adequate; regular internal audits by Sanjiv Manav Jain & Associates.
• Secretarial audit flagged two issues: SH policy not board-approved; insider-trading database not maintained.
• Audit opinion: Statutory and secretarial audits generally unmodified; governance framework in place.

Developments and outlook

• Shopping mall project with Shalimar Corp., Lucknow; final outcome expected soon.
• Lotus Bawa brand relaunched on a soft-launch basis; initial market response awaited.
• MD&A notes high competition, price volatility, and warehousing gaps as key risks.

Shareholding and corporate information

• Shareholding pattern: Promoter 64.76%; Public 25.64%; total equity 3,252,400 shares.
• Dematerialised shares: NSDL 70.36%; CDSL 26.56%; Physical 3.08%.
• Book closure: 23-30 September 2026.
• Subsidiaries: none; CSR not applicable in current year.

Unaudited results

• Unaudited standalone quarterly results ended 30 June 2026 approved by the Board.
• Total income from operations 327.32 lacs; net profit after tax 5.48 lacs.
• Single-segment operation: manufacturing of shoes and uppers.
• Audit Committee reviewed and recommended approval.

Auditor/regulatory update

• Limited review under SEBI LODR Regulation 33 conducted.
• Limited Review Report by YK Sud & Co; no material misstatement.
• Previous period figures regrouped/reclassified; Ind AS adopted.

Meeting Details

• Meeting date: August 14, 2026; time and venue not disclosed.

Key Agenda Items

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

Other Notes

• Trading window closed July 1, 2026 to August 16, 2026 for Designated/Connected Persons and their immediate relatives.

Sarup Industries Ltd: Trading window closed from July 1, 2026 until expiry of 48 hours after the un-audited financial statements for the quarter ended June 30, 2026 become generally available

🗓️ Meeting Details

• Board meeting scheduled for February 13, 2026, to consider and approve unaudited financial results.

📊 Financial Performance

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