Sheshadri Industries Ltd

AGM Details

• 17th AGM held on 30 September 2026 at 10:00 AM.
• Mode: physical meeting at Incredible One Hotel, Secunderabad.

Ordinary Business

• Adopt Audited financial statements for year ended 31 March 2026.
• Re-appoint Jeetender Kumar Agarwal by rotation.

Special Business

• Re-appoint Jeetender Kumar Agarwal as Managing Director.
• Approve remuneration of Jeetender Kumar Agarwal as MD.
• Approve related party transactions.

Voting & Results

• Voting results to be announced within 2 working days after AGM.
• Results to be displayed on company and Kfin sites and intimated to BSE.

Attendees

• Directors present: Jeetender Kumar Agarwal, Uttam Gupta, Adarsh Gupta, Pooja Gupta.
• In attendance: Rozie Mukharjee (Company Secretary); Scrutinizer: B V Saravana Kumar.

Sheshadri Industries Limited Trading Window closed from 01st October 2026 till 48 hours after the declaration of Audited financial results for the quarter ended September 30th, 2026.

AGM book closure and e-voting details

• 17th AGM on 30 September 2026 at 10:00 AM at Incredible One Hotel, Secunderabad.
• Register of Members and Share Transfer Books closed 19 September 2026 to 30 September 2026.
• Cut-off date to determine voting eligibility: 18 September 2026.
• Remote e-voting period: 26 September 2026 09:00 to 29 September 2026 17:00 IST.
• AGM venue: Incredible One Hotel, Kalasiguda, Secunderabad.

AGM notice

• 17th AGM scheduled for 30 September 2026 at 10:00 AM in Secunderabad.

MD appointment

• Re-appoint Jeetender Kumar Agarwal as MD for five years (2026–2031), subject to approvals.

Remuneration terms

• Basic salary Rs 3.5 lakh per month; 1% of net profits or 50% of basic salary, whichever less.
• Remuneration includes housing, medical reimbursement, Leave Travel Concession, and car/club perquisites.

Related party transactions

• Approval for related party transactions up to 10% turnover with Ishayu Garments Pvt Ltd and Suryavanshi group.

FY2025-26 highlights

• FY2025-26 revenue Rs 2,824.65 lakh; PBT Rs 443.44 lakh; PAT Rs 218.42 lakh.

MD shareholding

• Jeetender Kumar Agarwal holds 2,995,162 shares.

Voting window

• Remote e-voting 26–29 Sept 2026; cut-off 18 Sept 2026; ballot option at AGM.

Financials

• Revenue from operations: ₹2,824.65 lakh for year ended 31 March 2026.
• Profit before tax: ₹443.44 lakh.
• Profit after tax: ₹218.42 lakh.
• Earnings per share: ₹4.35.
• Total borrowings: ₹3,065.90 lakh (₹1,835.32 non-current; ₹1,230.58 current).
• Dividend: not declared for FY2025-26.
• Gearing ratio: -2.29; current ratio: 0.09.
• Net cash from operating activities: ₹403.85 lakh.

Industry & outlook

• India remains a global textile hub; sustainability drives growth.
• Tariffs and supply-chain disruptions pose near-term risks.
• PM MITRA Parks to bolster integrated textile ecosystems.
• Industry CAGR around 3.83% to 2034; US$213.75B market projected.
• Margins pressured by raw material costs and inflation.

Operations & strategy

• Product mix emphasizes recycled PES yarn due to demand.
• Cotton spinning losses persisted; recycled PES remains core.
• Factories located in Telangana and Madhya Pradesh; exports and domestic.
• Ongoing capex for efficiency and modernization.

Governance & board

• Board comprises four directors; one promoter, three independent.
• Sushma Gupta resigned Aug 11, 2025; Pooja Gupta appointed Aug 11, 2025.
• Audit Committee and Nomination & Remuneration Committee in place.
• Board met four times during the year; attendance recorded.
• Remuneration policy and director familiarisation discussed.

Capital & liquidity

• Equity negative at ₹-2,650.44 lakh; total borrowings ₹3,065.90.
• Gearing ratio -2.29; current ratio 0.09.
• Net cash from operations ₹403.85 lakh.
• Total assets ₹4,681.83 lakh; total liabilities ₹5,487.78.

Related party transactions

• Approval sought for related party transactions up to 10% of turnover; arm's length.
• MD Jeetender Kumar Agarwal and relatives are related parties; disclosures made.
• RPTs disclosed quarterly; ordinary resolution mechanism.

Internal controls & compliance

• Material weakness identified in internal financial controls; strengthening planned.
• Internal audit by LANS & Co; secretarial audit MR-3 annexure attached.
• Labour Codes implementation not material; impact absorbed in employee costs.

AGM & filing

• 17th AGM scheduled for 30 September 2026; notice enclosed.
• Annual report and AGM notice available on the company website.

Key approvals

• Unaudited quarterly results for quarter ended 30 June 2026 approved along with Limited Review Report.
• Re-appointment of Jeetender Kumar Agarwal as Managing Director approved.
• Directors' Report for FY ended 31 March 2026 approved with annexures.

Auditor remarks and going concern

• Independent Auditor's Review Report issued with a qualified conclusion due to non-provision for Rs 32.78 lakhs TDS interest.
• Going concern basis adopted; accumulated losses Rs 1,633.95 lakhs as of 30 Jun 2026.

Meeting Details

• Date: 10 August 2026; Time: not disclosed.
• Location: Registered Office, Surya Towers, 6th Floor, 105, S.P. Road, Secunderabad 500003, Telangana.

Key Agenda Items

• Approve unaudited financial results for quarter ended 30 June 2026.

Other Notes

• Trading window closure continues until 48 hours after the results announcement.

Sheshadri Industries Ltd closes trading window with effect from 01st July 2026 till 48 hours after the declaration of Unaudited financial results of the Company for the quarter ended June 30th, 2026