Sejal Glass Ltd

Sejal Glass Ltd: Trading window closed from Oct 01, 2026 for unaudited quarterly and half-year results ended Sep 30, 2026; the trading window shall be opened 48 (Forty-Eight) hours after the said results are declared and disseminated to the Stock Exchanges.

Target Company

• Target Company: Sejal Glass Limited.

Disclosing Party

• Disclosing Party: Dilesh Roadlines Private Limited (not promoter group).

Transaction Type

• Disposal of 1,00,000 equity shares via open market bulk deal.

Pre-Transaction Holding

• Pre-Transaction Holding: 1,00,000 shares, 0.8772%.

Transaction Details

• Details: 1,00,000 equity shares disposed; 0.8772%; instrument: equity; mode: open market bulk deal.

Post-Transaction Holding

• Post-Transaction Holding: 0 shares, 0%.

Date(s) of Transaction

• Date of Transaction: 16 September 2026.

Share Capital Context

• Before: 1,00,000 shares (0.8772%); After: 0 shares (0%).

Interview recording

• Founder Amrut Gada's interview recorded Aug 25, 2026 at UAE subsidiary premises; no UPSI discussed.

Financial Performance

• India revenue rose 67.03% YoY to INR36.43 crores.
• UAE revenue INR81.52 crores, up 47.31% YoY.
• Consolidated EBITDA rose over 44% YoY to INR18 crores.
• Consolidated PAT grew over 63% YoY to INR7.22 crores.
• FY27 EBITDA margin to improve by around 1%.
• FY27 PAT margin targeted at nearly 9%.
• India order book around INR50 crores; UAE order book around AED70 million.

Operating Update

• UAE order book rose to about AED72 million; inflow of AED22-27 million.
• India orders exceeding INR50 crores secured; execution over next 6 months.
• Capacity utilization: Silvassa 77%, Taloja 55%, Erode 15%, UAE 71%.
• Third tempering line capex in UAE: AED15 million; commercial production in Q3.
• Total UAE tempering capacity about 24 lakh sq mtr per annum.
• Third line initial utilization 15-20%; existing lines to reach 75% by year-end.
• Capex funding: internal accruals; potential AED7 million long-term debt.
• Exports: UAE capacity ~90%; utilization ~95%; India exports to Cyprus/Israel; Africa being pursued.
• Working capital days: India 98, UAE 85.
• Debt: India total ~INR52 crores; working capital INR14 crores; term loan INR38 crores.
• Cash reserve minimal due to working-capital usage.
• Taxes: India no income tax due to carry-forward losses; UAE 9% corporate tax.

Capex and Projects

• UAE capex AED15 million covers third tempering line and fire-rated tech.
• Post-expansion capacity uplift to around INR75 crores revenue potential.
• India capex is modest, typically under INR1 crore.

Guidance and Outlook

• FY27 minimum revenue growth 25% with upside to 40%.
• FY27 PAT margin target around 9%.
• Q3 and Q4 expected efficiency gains; EBITDA/margins improve.
• FY28 YoY growth at least 25%; exact numbers not disclosed.

Q&A Highlights

• Railway and fire-safety verticals: current revenue ~1%; target 10% next year.
• Capex to be funded by internal accruals and modest debt.
• Architectural glass core; competition from multinationals unlikely in this niche.
• Export market diversification: UAE 90-95% capacity; Africa expansion planned.
• Existing lines to reach ~75% utilization by year-end; third line 15-20% initially.
• Top-15 clients contribute over 70% of India revenue; total ~200 regular clients.

Balance Sheet and Liquidity

• Debt in India ~INR52 crores; working-capital INR14 crores; term loan INR38 crores.
• Cash reserves minimal due to working-capital usage.
• India/UAE working-capital days: 98 and 85 respectively.
• Tax: India carry-forward losses negate current income tax; UAE 9% corporate tax.

Financial results overview

• Machine-readable copy of quarterly financial results submitted to NSE for quarter ended 30 June 2026.
• Board-approved results in meeting held on 31 July 2026.
• Statutory auditors' limited review conducted; opinion: unqualified.
• Primary segment: Architectural Glass Manufacturing.
• Consolidated results include Sejal Glass LLC (foreign subsidiary) and Sejal Glass Ventures LLP (associate).
• Standalone net sales from operations for quarter ended 30.06.2026: ₹3,643.08 lakhs.
• Consolidated total income (net) for quarter ended 30 June 2026: ₹11,943.61 lakhs.
• Acquisition of Glasstech business completed on 10 April 2025; affects comparability.
• Standalone quarter shows no tax due to carry-forward of depreciation and losses.
• Results to be uploaded on company website and stock exchange portals (NSE/BSE).

Meeting Details

• Date and time: August 04, 2026 at 02:15 PM IST
• Type and mode: earnings call; mode not specified
• Event/organiser: Earnings call for Q1FY27 organized by Sejal Glass Ltd
• Recording availability: audio recording available on the company's website

Participants

• Key company participant: Vice President Operations & Company Secretary (Compliance Officer)

Purpose

• Discuss Q1FY27 operational and financial performance (quarter ended June 30, 2026)

Additional Notes

• No UPSI disclosed during the earnings call

AGM Details

• Date and time: July 18, 2026, 11:00 A.M. to 2:30 P.M.; Mode: Physical.

Key Resolutions

• Item 1: Ordinary resolution to adopt standalone financials and reports.
• Item 2: Ordinary resolution to adopt consolidated financial statements and reports.
• Item 3: Ordinary resolution for re-appointment of Jiggar Savla as Director by rotation.
• Item 4: Ordinary resolution for re-appointment of Gokhale and Sathe as Statutory Auditors.
• Item 5: Special resolution to re-appoint Jiggar Savla as Whole Time Director and fix remuneration.
• Item 6: Special resolution to re-appoint Chirag Doshi as Independent Director.
• Item 7: Special resolution to re-appoint Neha Gada as Independent Director.

Voting Status

• Voting outcomes not disclosed; e-voting results to be declared within two working days.

Directors and Auditor Changes

• Re-appointment of Jiggar Savla as Director, liable to retire by rotation.
• Re-appointment of Jiggar Savla as Whole Time Director; remuneration to be fixed.
• Re-appointment of Chirag Doshi as Independent Director.
• Re-appointment of Neha Gada as Independent Director.
• Re-appointment of Gokhale and Sathe as Statutory Auditors.

Dematerialisation status

• Dematerialisation requests for quarter ended 30 June 2026 were confirmed to depositories and listed on exchanges.
• Certificates received for dematerialisation were mutilated and cancelled; depository name substituted in the register.
• There were no shareholder requests for dematerialisation for quarter ended 30 June 2026.