Sreechem Resins Ltd

Sreechem Resins Ltd — Trading Window Closure

AGM details

• AGM held on 25 September 2026 at 10:00 IST; physical meeting at registered office.
• Voting entitlement cut-off date: 18 September 2026.

Key resolutions

• Adopted audited financial statements for FY2025-26.
• Re-appointment of Vibhor Sharma (DIN 03011540) on rotation basis.
• Approval of Related Party Transaction with Josh Commercial Private Limited.
• Approval of Related Party Transaction with BSN Investments Private Limited.
• Approval of Related Party Transaction with Steel Aids Private Limited.
• Approval of Related Party Transaction with Sai Ram Steels Private Limited.
• Approval of Related Party Transaction with IQSOLV Innovate Private Limited.

Voting outcomes

• Item 1 passed; ~99.79% in favour.
• Item 2 passed; ~99.79% in favour.
• Item 3 passed; ~99.69% in favour.
• Item 4 passed; ~99.69% in favour.
• Item 5 passed; ~99.69% in favour.
• Item 6 passed; ~99.69% in favour.
• Item 7 passed; ~99.51% in favour.

Related party approvals

• Josh Commercial Private Limited: RPT approval.
• BSN Investments Private Limited: RPT approval.
• Steel Aids Private Limited: RPT approval.
• Sai Ram Steels Private Limited: RPT approval.
• IQSOLV Innovate Private Limited: RPT approval.

Director changes

• Vibhor Sharma re-appointed on rotation; eligible for re-appointment.

AGM Details

• AGM held on 25 September 2026 at 10:00 AM at registered office, Odisha.
• Mode: physical meeting with remote e-voting facility.
• Remote e-voting open 22–24 September 2026; 22 of 36 members voted.
• Ballot voting conducted: none.
• Quorum: 36 members present.

Business & Proceedings

• All listed business conducted as per Companies Act and SEBI LODR.
• Chairman: Mr. Binod Sharma, approved by members.

AGM record date and register closure

• Register of Members and share transfer books closed Sep 19–25, 2026 for 38th AGM.

Financial snapshot

• Revenue from operations: 2975.33 Lacs in FY2025-26, down from 3550.25.
• Total Income: 3004.09 Lacs; Total Expenses: 3034.42 Lacs.
• Net loss narrowed to 22.92 Lacs from 36.90.
• PBT: -30.33 Lacs; EPS: -0.55 Rs.
• Dividend for the year: not declared.
• Export earnings: 57.87 Lacs; top customer contributed 364.61 Lacs (12.25%).
• Market price per share: 29.73 Rs; Market cap: Rs 12,486.6 Lakh.
• One customer accounted for 12.25% of revenue; India is domestic market.
• R&D developments include new products; online consumer products launched.

Revenue mix & geography

• Revenue concentration: one customer accounted for 364.61 Lacs (12.25%).
• Operations are domiciled and conducted in India.
• New online sales of consumer products commenced during the year.
• R&D pipeline: multiple new products under development; market stabilization ongoing.

Capital structure & liquidity

• Working Capital Loan: 285.15 Lacs; secured by current assets.
• Current ratio: 2.60x; Debt-equity: 0.16x.
• Cash and cash equivalents: 7.17 Lacs; no long-term borrowings reported.
• Equity share capital: 420.00 Lacs; no new equity during the year.

Governance & board

• Board comprises 6 members: 3 Executives and 3 Independent Directors.
• Directors: Binod Sharma (MD), Vikram Kabra (WTD), Vibhor Sharma (WTD), Vinay Joshi, Niwesh Sharma, Sweta Maheshwari.
• 11 Board meetings in FY2025-26; Audit Committee met 4 times; NRC 3 times; Stakeholders 4 times.
• Independent Directors met separately in Aug 2025; familiarisation programs ongoing.
• Key secretarial changes: Vivek Jain appointed Company Secretary Jan 30, 2026; Komal Bhauwala resigned.
• Company listed on BSE; Calcutta Stock Exchange suspended; listing fees paid for 2025-26 & 2026-27.

Related party transactions

• Related party approvals for FY2027-28; up to Rs 15 Cr with Josh Commercial Pvt Ltd.
• BSN Investments Pvt Ltd: up to Rs 15 Cr; related directors noted.
• Steel Aids Pvt Ltd: up to Rs 30 Cr purchases; Rs 5 Cr sales.
• Sai Ram Steels Pvt Ltd: up to Rs 20 Cr sales; Rs 5 Cr purchases.
• IQSolv Innovate Pvt Ltd: up to Rs 15 Cr sales; arm's length terms.

Audits & internal controls

• Statutory Auditor: RC Jhawer & Co; appointed Sept 2022, through 2027.
• Secretarial Auditor: NK Associates; Secretarial Audit Annexure-V issued.
• Internal controls: adequate and operating; no material weaknesses noted.
• No fraud reported; management asserts going concern basics and compliance mechanisms.

Operations & risk environment

• Global energy volatility raised input costs; management rationalized costs and pursued efficiency.
• Indian economy expected to stay growth-friendly; RBI rate cuts aided cost management.
• Phenol price spikes due to crude-link; company adjusted finished goods pricing where possible.
• Risks include raw material price volatility, currency fluctuations, and supply disruptions.

Energy, absorption & ESG

• Electricity purchased: 3,80,685 units; cost Rs 37,11,030; rate Rs 9.75/kWh.
• Own generation: 3,32,460 KWh; cost Rs 24,37,436.
• Consumption per unit production: 146 KWh/MT.
• Technology absorption: developed new products; R&D to explore further applications.
• Foreign exchange earnings: Rs 57.87 Lacs; no forex payables outstanding.

AGM details

• Date: 14 August 2026; Place: Kolkata; Mode: physical AGM with remote e-voting.
• Record date: 18 September 2026.
• Record/Book closure: 19 September 2026 to 25 September 2026.

Ordinary business

• Adoption of Audited Financial Statements for FY ended 31 March 2026.
• Re-appointment of Vibhor Sharma by rotation as director.

Related party transactions (ordinary resolutions)

• Approval for transactions with Josh Commercial Private Limited for FY 2027-28.
• Approval for transactions with BSN Investments Private Limited for FY 2027-28.
• Approval for transactions with Steel Aids Private Limited for FY 2027-28.
• Approval for transactions with Sai Ram Steels Private Limited for FY 2027-28.
• Approval for transactions with Iqsolv Innovate Private Limited for FY 2027-28.

Director remuneration and changes

• Remuneration for Vibhor Sharma reduced to Rs 18 Lakh per annum from Feb 2026.

Results & audit rectification

• Board approves Standalone un-audited results for quarter ended June 30, 2026.
• Board meeting held August 14, 2026, 16:00–16:25.
• Rectification: Limited Review Report issued correcting auditor designation to 'Partner'.
• Annexure A includes revised Limited Review Report and standalone results.
• Annexure B contains the original filings.
• Limited Review Report states no material misstatement detected.
• Signature block unchanged except for auditor designation correction.

Standalone Q1 FY2026 results

• Board approved standalone unaudited results for quarter ended June 30, 2026.
• Results filed under IND AS and SEBI LODR Regulation 33.
• Limited Review Report from R C Fhawer & Co states no audit opinion.
• Auditors did not express an audit opinion.
• Board meeting held August 14, 2026; Kolkata.