Sita Enterprises Ltd

Sita Enterprises Ltd: Trading window to remain closed from 1 October 2026 until 48 hours after the declaration of the unaudited financial results for the quarter and half year ended 30 September 2026

AGM details

• AGM held on 11 Sep 2026 via VC/OAVM; 11:30–12:06 IST; record date 04 Sep 2026.

Key resolutions

• Adopt Audited Financial Statements for year ended 31 Mar 2026; passed.
• Re-appoint Kirit Gordhandas Thakker as director; passed.
• Re-appoint Harsh Jitendra Gandhi as director; passed.
• Increase authorised share capital to ₹20,00,00,000; MOA amendment; passed.

Voting results

• All four resolutions passed with ~99.99% in favour; ~0.01% against.
• Total valid votes cast: 2,330,130; turnout 77.67%.

Directors & appointments

• Thakker and Gandhi re-appointed as directors; terms until next AGM.

AGM Details

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

Ordinary Business

• Adopt Audited financial statements for the year ended March 31, 2026.
• Re-appoint Kirit Gordhandas Thakker as director.
• Re-appoint Harsh Jitendra Gandhi as director.

Special Business

• Increase authorised share capital and alter Memorandum of Association.

Resolutions & Outcomes

• Adopt financial statements — passed with requisite majority.
• Re-appoint Kirit Thakker — passed.
• Re-appoint Harsh Gandhi — passed.
• Increase authorised capital and MOA — passed.

Directors

• Two directors retired by rotation and were re-appointed.

Auditors

• Auditors' report had no qualifications; no change in auditors.

Book closure details

• Book closure from 5 September 2026 to 11 September 2026, inclusive.
• Purpose: AGM of FY 2025-26.
• Cut-off date: 4 September 2026; voting rights determined by holdings on that date.
• Security: equity shares (paid-up equity share capital).

Financial highlights

• Gross income for FY2025-26: Rs 552.42 Lakhs.
• Profit after tax: Rs 452.14 Lakhs.
• Earnings per share: Rs 15.07 (basic and diluted).
• Net cash from operating activities: -361.49 Lakhs.
• Total income: Rs 552.42 Lakhs.
• Dividend for FY2025-26: not declared.

Capital & dividends

• Proposed increase in Authorised Capital from Rs 3 crore to Rs 20 crore.
• Issued capital remains Rs 3 crore.
• Dividend status: No dividend for FY2025-26.

Business profile & investments

• NBFC-ICC base; primary business is investments and finance.
• Net gain on fair value changes: Rs 474.01 Lakhs.
• Loans outstanding: Rs 777.39 Lakhs.
• Investments: Rs 1,109.76 Lakhs.
• Investment property end-year balance: Nil.

Governance & board changes

• Harsh Jitendra Gandhi appointed ED and CFO in Sep 2025.
• Kirit Gordhandas Thakker appointed ED.
• Anushree Rakesh Singh appointed Independent Director; Monika Jain appointed Company Secretary.
• Vasanthkumar Vora resigned as CFO on 1 Sep 2025.
• Shwela Mehta resigned as Company Secretary on 1 Sep 2025.
• Change in management following 24 Dec 2024 share purchase agreement.

Auditors & internal controls

• Statutory auditors: Patel Shah & Joshi.
• Secretarial auditor: Kala Agarwal; Internal auditor: Anil Chomal & Associates.
• Audits: no qualifications reported.

Related parties & transactions

• Related party transactions are at arm's length; disclosed in notes.
• Share sale to directors: 720,000 BML shares for Rs 363.31 Lakhs.
• Sitting fees to independent directors: Rs 1.31 Lakhs.
• Remuneration to KMP: Rs 4.26 Lakhs; CFO remuneration: Rs 0.70 Lakhs.

Disclosures & compliance

• Vigil mechanism with access to Chief Ethics Counsellor.
• AGM through VC/OAVM; e-voting facility provided.
• Cut-off date for voting: 04 September 2026.
• Corporate governance not applicable for FY2026.

AGM Details

• AGM to be held via VC/OAVM in September.

Book Closure

• Registers closed during September.

Resolutions

• Ordinary: Adopt audited financial statements for the latest year.
• Ordinary: Re-appoint Kirit Gordhandas Thakker, retire by rotation.
• Ordinary: Re-appoint Harsh Jitendra Gandhi, retire by rotation.
• Special: Increase authorised share capital and amend MOA Clause V.

Directors

• Kirit Gordhandas Thakker: Director on board; retires by rotation.
• Harsh Jitendra Gandhi: Executive Director & CFO; on board; retires by rotation.

Board approvals & AGM timetable

• Un-Audited standalone results for quarter ended 30 June 2026 approved.
• Standalone Limited Review Report issued with unmodified opinion by Patel Shah & Joshi.
• Draft Directors' Report for FY ended 31 March 2026 and AGM notice draft approved.
• AGM fixed for 11 September 2026 at 11:30 AM via VC/OAVM.
• Book closure: 5–11 September 2026; Record date: 4 September 2026.
• Board meeting held 3:30 PM to 5:00 PM.

Meeting Details

• Board meeting scheduled for 12 August 2026.
• Location: Registered Office of the Company.

Key Agenda Items

• Un-audited standalone financial results for quarter ended 30 June 2026, with Limited Review Report.
• Draft Directors’ Report with annexures for the year ended 31 March 2026.
• Draft Notice for AGM for the year ended 31 March 2026.
• To fix the date, time, and venue of the AGM for the year ended 31 March 2026.
• Any other business with the permission of the Chair.

Other Notes

• Trading window closed from 1 July 2026 to 48 hours after results declaration.