Sirca Paints India Ltd

AGM details

• Date/time/mode: 11 August 2026, 12:30 PM, VC/OAVM.
• Voting cut-off: 4 August 2026.

Key resolutions and outcomes

• Ordinary: Adoption of audited financial statements; passed with near-unanimous support.
• Ordinary: Final dividend of Rs 2 per equity share; approved.
• Ordinary: Reappointment of Apoorv Agarwal as director; approved.
• Ordinary: Ratification of Cost Auditor's remuneration; approved.

AGM details

• AGM held via VC/OAVM on August 11, 2026 from 12:30 to 01:17 IST.
• Remote e-voting window: Aug 6–10, 2026; on-site voting via KFintech during AGM.
• Quorum met; four directors absent due to personal exigencies.
• Auditor’s and secretarial reports had no qualifications.
• Scrutinizer: Pravesh Kumar & Associates.

Voting and outcomes

• Resolutions 01–04 were put to vote; results to be forwarded separately.
• Combined voting results will be displayed on the company website and stock exchanges.
• Items in AGM notice were briefed and clarified.

Reg 74(5) reporting

• Details of dematerialised/rematerialised securities have been furnished to all stock exchanges where listed.

Business overview

• Premium wood coatings and surface solutions provider in India; brands include Sirca, Unico, Wembley.

Key operational highlights

• Wembley facility fully operational consolidating production lines.
• Expanded premium portfolio with Wembley Valentino and enhanced acrylic coatings.
• India Wood Bangalore participation to showcase finishes.

Financial performance

• Q1 FY27 revenue ₹130.01 crore, up 13.8% YoY.
• EBITDA ₹24.21 crore; margin 18.62%, down from 19.90%.
• PAT ₹16.21 crore, up 14.07%; EPS ₹2.85.
• Total income ₹131.61 crore; PBT ₹22.14 crore.
• Geopolitical and supply-chain volatility kept landed costs elevated.

Capital structure & liquidity

• No material changes in debt, equity, or liquidity disclosed.

Strategic priorities & outlook

• Wembley expansion across India to drive premiumisation and distribution.
• Localization via acrylic and polyester transfers; UV systems next.
• Margin recovery expected with localization and premium mix; double-digit revenue growth with EBITDA.
• Export expansion to Wembley Valentino brand; expanded depots and Sirca Studios.

Risks & mitigation

• Geopolitical volatility, freight disruptions, and currency movements impacting costs.
• Mitigation: multi-sourcing, higher safety stocks, Wembley consolidation to improve efficiency.

Governance & leadership

• Joint MD Apoorv Agarwal drives sales, marketing, nationwide expansion.
• Board includes NEDs: Guido Scappini, Sanjay Agarwal, Gurjit S. Bains, Aman Arora.
• Shyam Lal Goyal re-appointed to Audit Committee (second term).
• Dr. Sanjay Kapoor serves on SRC, Nomination & Remuneration, and Audit Committees.

Filing Status

• No deviation or variation in use of funds raised through the preferential issue.
• Annexure A confirms utilization as of quarter ended June 30, 2026.

Financial results and related disclosures

• Unaudited standalone and consolidated results for quarter ended June 30, 2026 approved.
• Results prepared under Ind AS 34 with Limited Review Reports attached.
• Board date of approval: July 28, 2026.
• Single operating segment; no separate segment disclosures.
• Labour Codes implementation noted; current provisions do not materially impact results.
• Consolidated results include Sirca Industries Limited as subsidiary.
• Auditors' review; no audit opinion issued.