Shri Dinesh Mills Ltd

Results update

• Unaudited standalone and consolidated results for quarter ended June 30, 2026.
• Limited Review Reports issued by M/s R. K. Doshi & Co. LLP.
• Audit Committee reviewed results without adverse remark; Board approved on 12 August 2026.

Key outcomes

• Approved unaudited standalone and consolidated Q1-2026 results with LR reports.
• Extract of unaudited standalone and consolidated results for quarter ended 30 June 2026 approved.
• Constituted Independent Directors Committee: Strivinder Singh Chawla, Sameer Khera, Reshma Patel, Tejal Amin.
• Committee empowered under Companies Act 2013 and SEBI LODR to discharge prescribed functions.
• Auditors: M/s R. K. Doshi & Co. LLP; Limited Review Reports attached.

Financial highlights

• Revenue from operations: 6,733.44 lakh in 2025-26; 6,629.85 in 2024-25.
• Other income: 1,109.61 lakh; 1,289.50 prior year.
• Net profit after tax: 871.39 lakh.
• Total comprehensive income: 843.70 lakh.
• EPS after exceptional items: 15.56.
• EPS before exceptional items: 17.70.
• Final dividend proposed: Rs 1.50 per share; Rs 84.00 lakh.
• Operating cash flow: 314.57 lakh; net cash increase: 74.82; ending cash: 160.95.

Dividend & AGM

• 91st AGM on 14 Aug 2026 at 12:00 via VC/OAVM.
• Remote e-voting window: 10 Aug 2026 09:00 to 13 Aug 2026 17:00.
• Proxy facility not available; VC attendance counts for quorum.
• Dividend payable subject to shareholder approval.

Capital structure & liquidity

• Equity capital: 560.06 lakh; total equity: 19,721.93 lakh.
• Gearing ratio: 3.01%; debt-equity: 0.03.
• Current ratio: 9.63; liquidity healthy.
• Cash & bank balance: 160.95 lakh; earmarked deposits: 71.99 lakh.
• Unclaimed dividend transferred to IEPF for 2017-18.

Governance & board changes

• Board size eight; Reshma Patel and Tejal Amin appointed as Independent Directors in 2026.
• Independent Directors met on 27 Mar 2026; performance reviews conducted.
• Audit Committee has four Independent Directors; four meetings held.
• Statutory auditors changed to Dhirubhai Shah & Co LLP for 2026-31; remuneration Rs 7.60 lakh for 2026-27.
• Secretarial Auditor: Heena Patel; no qualifications.

Subsidiaries & associate

• Dinesh Remedies Limited ceased as subsidiary on 3 Sept 2025.
• Fernway Technologies Limited and Stellent Chemicals Industries Limited are wholly owned subsidiaries.
• McGean India Chemicals Private Limited is an associate with 26% holding.

CSR & ESG

• CSR expenditure: 17.24 lakh; Smart Shiksha 15.00, PM CARES 1.99, War Widows 0.25.
• CSR policy aligned with Companies Act; implementation via approved programs.

Outlook & risks

• Outlook: packaging demand rising; Felts business growth potential.
• Risks: raw material and energy costs, FX fluctuations, and competitive pressure.

Strategic actions

• In-principle approval for demerger of FELT business into a separate listed entity; subject to NCLT.
• Board-designated oversight for FELT and Residual businesses during transition.
• Promoter-family disclosures and potential business reorganization under consideration.

AGM Details

• AGM on 14 August 2026 at 12:00 IST, via VC/OAVM.
• Record date for dividend entitlement: 7 August 2026.
• Remote e-voting starts 10 August 2026 at 9:00 IST.
• End of e-voting on 13 August 2026 at 5:00 PM IST.
• Deemed venue: Registered Office, Vadodara.

Resolutions Proposed

• Adopt Audited Standalone Financial Statements and Consolidated Financial Statements.
• Declare final dividend of Rs 1.50 per equity share.
• To re-appoint Shri Aditya Patel as Director (rotating).
• To re-appoint Shri Nishank Patel as Director (rotating).
• Appoint M/s Dhirubhai Shah & Co. LLP as Statutory Auditors for five years at Rs 7,30,560 plus GST.
• Remuneration for 2026-27 may be revised from 2027-28 subject to approvals.

Director Changes

• Aditya Patel retires by rotation and seeks re-appointment.
• Nishank Patel retires by rotation and seeks re-appointment.
• Remuneration last drawn for Aditya Patel: Rs 43.11 Lakhs (FY 2025-26).
• Remuneration last drawn for Nishank Patel: Rs 43.11 Lakhs (FY 2025-26).

Dematerialisation status

• Dematerialisation requests received during the quarter were processed and confirmed to the depositories by the registrar/transfer agent.
• Dematerialised securities have been listed on the stock exchanges where the earlier issues are listed.
• Physical certificates for dematerialisation were mutilated and cancelled after verification, with depository name substituted within 15 days.

Dividend record date details

• Purpose: entitlement to dividend on equity shares for FY ended 31 March 2026.
• Record date: Friday, 7 August 2026.
• Dividend payment: by 12 September 2026, if approved.
• Subject to shareholder approval at the 61st AGM on 14 August 2026.
• Security: Equity shares.

AGM Details

• AGM scheduled for 14 August 2026 at 12:00 noon.
• Mode: VC/OAVM (Video Conferencing / Other Audio Visual Means).

Loss details

• Folio 3474; Pushpaben Kantilal Kapadia (Deceased) & Bakul Kapadia; 20 shares; SD/3601; 1705181-1705200; Loss; LOC to be issued.