Sonalis Consumer Products Ltd

Sonalis Consumer Products Ltd: Closure of trading window from Thursday, October 01, 2026 till the expiry of 48 hours after declaration of Unaudited Financial Results for the Half Year ended on September 30, 2026.

AGM Details

• Date and time: 28 September 2026 at 04:00 p.m. IST; Mode: physical attendance.
• Venue: HD-275, WeWork Oberoi Commerz II, 20th floor, Goregaon East, Mumbai.

Key Resolutions

• Resolution 1: To adopt financial statements for year ended 31 March 2026 and reports.
• Resolution 2: Not fill casual vacancy due to retirement by rotation of Director.
• Resolution 3: Re-appoint M/s H Rajen & Co., Chartered Accountants.

Voting Results

• Resolution 1: Passed; 100% votes in favor via remote voting.
• Resolution 2: Passed; 100% votes in favor via remote voting.
• Resolution 3: Passed; 100% votes in favor via remote voting.

Dividend

• No dividend proposed.

Director Changes

• Not filling casual vacancy due to retirement by rotation of Director Sanjay Dua.

Auditor Appointments

• Re-appoint H Rajen & Co. as Chartered Accountants.

AGM Details

• AGM held 28 September 2026 at 4:00 PM IST, in-person at Mumbai venue.

Resolutions

• Adopt financial statements for year ended 31 March 2026; ordinary; passed.
• Not fill casual vacancy from retirement by rotation of Director; ordinary; passed.
• Re-appointment of M/s H Rajen & Co., Chartered Accountants; ordinary; passed.

Dividend

• No dividend proposed or approved.

Director Changes

• Casual vacancy from retirement by rotation not filled.

Financial performance

• Revenue from operations ₹14,988.00 lakhs, up 40% YoY from ₹10,669.84.
• Net profit ₹866.80 lakhs, up 227% YoY from ₹265.18.
• PBT ₹1,002.14 lakhs with operating efficiency gains.
• EBITDA ₹1,063.67 lakhs with margin improvements.
• EPS ₹18.25 (basic and diluted).
• Net worth ₹3,286.39 lakhs as at 31 March 2026.

Capital raising & structure

• Right Issue: 29,98,500 shares at ₹54.60, raising ₹16.37 crore.
• 45% subscription; 27,50,000 shares allotted.
• Listed on BSE SME from 19 May 2025.
• Issued capital rose to ₹4.749 crore via Right Issue.
• Authorized capital ₹13.50 crore; no change.
• Board approved up to 2 crore equity shares convertible into equity.

Strategic developments

• Proposed acquisition of Holkar Somnath Milk & Agro Products Pvt. Ltd. for ₹170 million.
• Strengthening dairy and agro value chain; pursuing synergies and profitability.
• Integrated platform build: warehousing, cold chain, and tech-enabled operations.

Governance & management

• Board: MD Sonali Kocharekar; WTD Smita Shah; Independents Menezes, Chugani; Exec Director Sanjay Dua; Devendrakumar Viradiya.
• Sanjay Dua retires by rotation; not seeking reappointment; vacancy not filled for now.
• Statutory Auditor: M/s H Rajen & Co. reappointed for 2026-31.
• Secretarial Auditor: M/s K.P. Ghelani & Associates.
• Audit Committee met 4 times; NRC and SRC met once each.
• Vigil mechanism in place; CSR not applicable for this SME-listed company.

Audit, risk & controls

• Auditors report no qualifications; ledger copies delayed due to software, to be provided.
• Internal Financial Controls adequate and operating.
• No frauds reported; no material weaknesses identified.
• Risk management policy adopted; a Risk Management Committee in place.

Related party transactions

• Remuneration to KMP disclosed: Smita Shah ₹12.00 Lakh; Shivang Shah ₹20.234 Lakh.
• All related party transactions are on arm's length basis; disclosures in Annexure I.
• No subsidiaries.

Dividend & shareholder value

• Dividend for FY2025-26 not declared.
• Right Issue funds used for general corporate purposes, equipment and working capital.
• Strategy focused on scalable, value-oriented growth.

Outlook & risks

• Growth in healthy snacks; expansion into new regions; export potential.
• Risks include raw material cost volatility, competition, and evolving regulations.
• Road ahead emphasizes new product lines, wider distribution, and sustainability.

AGM Details

• AGM on Sep 28, 2026 at 04:00 PM IST, physical venue in Mumbai.
• Remote e-voting from Sep 25, 2026 09:00 IST to Sep 27, 2026 17:00 IST.
• Register/Share transfer books closed Sep 22–28, 2026.
• E-voting eligibility cut-off date: Sep 21, 2026.

Key Resolutions

• Adoption of annual financial statements for year ended Mar 31, 2026, with reports.
• Not filling the casual vacancy from retirement by rotation of Mr. Dua.
• Re-appointment of M/s H Rajen & Co. as Statutory Auditors for five years.
• Remuneration for auditors to be mutually agreed.

Director Changes

• Mr. Sanjay Rajkumar Dua retires by rotation and does not seek reappointment.
• Board recommends vacancy not be filled at this AGM.

Auditor Appointments

• Statutory auditors re-appointed for five-year term to 2031.
• Remuneration to be mutually agreed.

Board outcomes

• Draft annual report and Board Report for FY ended March 31, 2026 approved.
• Decided not to fill casual vacancy from Mr. Sanjay Dua's retirement by rotation.
• Re-appoints H. Rajen & Co as Statutory Auditor; term 2026-27 to 2030-31, subject to shareholders' approval.
• Appoints Nilima Bane as Internal Auditor for 2026-27.
• 4th AGM to be held on Sept 28, 2026 at 04:00 PM IST.
• Voting cut-off date fixed as Sept 21, 2026.
• Register of Members and Share Transfer Books to be closed Sept 22–28, 2026.
• Draft AGM notice approved.
• M/s K.P. Ghelani & Associates appointed as e-voting Scrutinizer for AGM 2025-26.

Financial results approved

• Audited standalone financial statements for year ended 31 March 2026 approved (with reports).

Director appointment / reappointment

• Girishkumar Premjibhai Jadvani to be reappointed as Whole-Time Director, retiring by rotation.

Internal auditor appointed

• M/s D A Kamani & Associates appointed Internal Auditor for FY 2026-2027.

AGM and notices

• Draft Notice of the 14th AGM approved; AGM fixed for 26 Sep 2026 at 5:00 PM IST (VC/OAVM).

Shareholder voting logistics

• Cut-off date for e-voting: 18 Sep 2026; e-voting 23-25 Sep 2026.

Member records

• Register of Members and Transfer Books closed 19-25 Sep 2026.

Scrutinizer appointment

• M/s K.P. Ghelani & Associates appointed Scrutinizer for AGM e-voting.

Meeting Details

• Board meeting scheduled for September 2, 2026 at the registered office (time not disclosed).

Key Agenda Items

• Consider and adopt Audited Standalone Financial Statements for FY 2025-26 with Directors' and Auditors' reports.
• Re-appoint director retiring by rotation: Mr. Sanjay Rajkumar Dua (DIN: 10537921).
• Appointment of Internal Auditor.
• Fix AGM date, time, and venue.
• Fix cut-off date for voting at AGM.
• Fix Book Closure date for share transfer and Register of Members.
• Approve draft Notice for AGM.
• Appoint Scrutinizers for e-voting at AGM.

Compliance update on price movement

• Company states it complied with SEBI LODR Regulation 30 by filing all price-sensitive and operational disclosures.
• Disclosures submitted within the stipulated time; no material announcements pending.
• There is no pending information or announcements that may affect price movement.
• Company has no comment on price movement, asserting market-driven behavior.
• Communication dated July 27, 2026.