Sinnar Bidi Udyog Ltd

Sinnar Bidi Udyog Limited trading window closure from 1 October 2026 until 48 hours after declaration of the financial results for the quarter & half year ended 30 September 2026

AGM and resolutions

• AGM held on 23 September 2026 at 11:30 AM via VC/OAVM.
• Item 1: Ordinary resolution to adopt audited standalone and consolidated financial statements for year ended 31 March 2026.
• Item 1 results: passed with 99.99% in favour.
• Item 2: Ordinary resolution for re-appointment of Laxminarayan Karwa.
• Item 2 results: passed with 99.99% in favour.
• Item 3: Special resolution to regularize Additional Independent Director for five years from 14 August 2026.
• Item 3 results: passed with 97.41% in favour.

Independent Director Appointment

• Regularization of Additional Director Sachin Laddha as Independent Director for five years.
• Effective date: 14 August 2026; term: five consecutive years.
• Reason: Regularization of Additional Director as Independent Director.
• Profile: Diploma Mechanical Engineer with 23+ years’ experience; AMFI-registered Mutual Fund Distributor.
• Relation: Not related to any director.
• Debarment: Not debarred by SEBI.
• Impact: Adds Independent Director to Board.

AGM Details

• 52nd AGM held on 23 September 2026 at 11:30 IST via VC/OAVM.

Participation and Chair

• 17 shareholders attended; 4 directors were present; meeting chaired by Bharati Sancheti.

Voting and Records

• Remote e-voting ran 19–22 Sep 2026; Notice, Board’s Report, and Auditors Report taken as read.

Speakers

• Six of eight enrolled speakers attended; proceedings conducted via VC.

AR availability

• AR for FY 2025-26 to be accessible via web-link for members without registered emails.
• Letter detailing the web-link path sent to members, RTA, and depositories and will be displayed on BSE.

KYC update for physical shareholders

• Letters issued to physical-shareholders to update KYC details under SEBI regulations; to be displayed on exchange website.

Record date / e-voting

• Purpose: e-voting entitlement for the 52nd AGM.
• Cut-off date for e-voting at the AGM: 17 September 2026.
• Security: Equity shares; Code 509887.
• AGM date: 23 September 2026.

Book closure details

• Equity shares (Security code 509887) closed 17 Sep 2026 to 23 Sep 2026 inclusive.
• Purpose: Annual General Meeting.
• Cut-off date for e-voting: 17 Sep 2026; determines voting eligibility.
• Register of members and share transfer books will be closed.

Financial snapshot

• Revenue from operations (Standalone): ₹497.54 Lakhs for FY2025-26.
• Total income: ₹506.57 Lakhs; up from ₹480.50 in FY2024-25.
• Net profit after tax: ₹-13.38 Lakhs (standalone).
• EBITDA: ₹-11.67 Lakhs.
• Basic EPS: ₹-3.35 per share.
• Net cash from operating activities: ₹-108.25 Lakhs.
• Dividend not declared for FY2025-26.
• Authorized capital: ₹2.0 million; issued and paid-up: ₹2.0 million.

Operations & markets

• Main activity: tobacco procurement and processing at Nippani, Karnataka.
• Sales turnover rose to ₹497.54 Lakhs; margins pressured by tobacco costs.
• Regulatory environment constrains tobacco industry growth; operations remained focused on core activities.
• MD&A notes medium-to-long-term positive outlook with procurement and efficiency focus.

Capital structure & liquidity

• Borrowings nil; no external debt outstanding.
• Current liabilities totaled ₹268.98 Lakhs; trades and provisions disclosed.
• Cash and cash equivalents: ₹182 Lakhs closing; ₹282 Lakhs opening.
• Net cash flow from operations: ₹-108.25 Lakhs; investing ₹8.00 Lakhs; financing nil.
• Promoter holdings: Rasbihari Enterprises 29.20%; Sarda family 24.61%; others.
• Share capital unchanged; Authorized capital 4,00,000 shares of ₹5 each.

Governance & board changes

• Board comprised 7 directors; WTD & CFO Ramdas Jadhav; independent directors Kalpit Mehta, Aditi Shah.
• Vijay Malpani resigned as Independent Director on 28 Feb 2026.
• Aditi Shah appointed as Independent Director w.e.f. 1 Jun 2025.
• Sachin Jagdish Laddha regularization as Independent Director for five years from 14 Aug 2026.
• Company Secretary Pratiksha Shah resigned 14 Feb 2026; replacement pending.

Related parties & associates

• Related parties include Rasbihari Enterprises Pvt Ltd; Rasbihari Enterprises; Shrirang Kisanlal Sarda; Yogi Ayurvedic.
• Rent paid: Rasbihari ₹4.82 Lakhs; Shrirang Kisanlal Sarda ₹6.00 Lakhs.
• Investment in associates: Vidarbha Bidi Ltd 38.28% (₹4.68 L); Tip Top Health Zone Pvt Ltd 24.33% (₹37.71 L).
• Total associate investments: ₹65.80 Lakhs; market investments disclosed (listed and unlisted).
• Escrow Fund liability: ₹319.70 Lakhs due to U.S. escrow demand.

Audit, risk & controls

• Statutory auditor: M/s Daga & Chaturmutha; Secretarial auditor: M/s JHR & Associates.
• Internal auditor: M/s Ratan Chandak & Co.; MR-3 secretarial audit report; no qualifications.
• CARO notes cash losses: ₹11.07 Lakhs in FY2025-26; prior year ₹10.28 Lakhs.
• Internal controls are adequate and operating effectively.

Outlook & risks

• Regulatory risk: tobacco industry subject to stringent rules; potential demand impact.
• Agricultural risk: weather, water, and crop yields affect raw material.
• Market risk: domestic demand fluctuations impact volumes and margins.
• Credit risk managed; operational risk includes supply chain disruptions.