Sreeleathers Ltd

Sreeleathers Limited: Trading window closure from 01 October 2026 until 48 hours after the declaration of financial results for the quarter and half year ended 30 September 2026

Appointment of Whole-time Director

• Appointment: Soham Dey named Whole-time Director, effective 28 September 2026.
• Term: five years from Sep 28, 2026, liable to retire by rotation.
• Previously appointed as Additional Director on Aug 14, 2026; Board recommended WTD appointment at AGM.
• Profile: 27-year-old; Mechanical Engineering from Boston University; MBA from Kellogg.
• Related to Satyabrata Dey, Shipra Dey, and Rochita Dey.
• Not debarred from holding office of director by SEBI or other authorities.

Financial performance

• Revenue from operations rose 12.40% to ₹24,840.43 lakh.
• PAT rose to ₹2,874.27 lakh, up 27.34% YoY.
• EPS ₹12.41 per share (basic and diluted).
• Gross margin 23.16%; EBITDA margin 16.05%; net margin 11.57%.
• Total comprehensive income ₹37.94 crore for the year.
• Interim dividend ₹1 per share; final ₹1 per share proposed.
• Record date 21 September 2026; payout within 30 days of AGM.
• Net cash from operating activities ₹3,097.75 lakh (~₹30.98 crore).
• Inventory turnover days 16.5; inventory turnover 22.11x.
• No borrowings; debt-to-equity effectively 0.

Operational highlights

• 31 stores across 8 states in FY2025-26.
• 5 new stores opened: Rourkela, Ranaghat, Raghunathganj, Rampurhat, Balasore.
• Franchise channel volume growth 19.22%; value growth 19.61%.
• Online revenue mix: Accessories 30.8%; Footwear 69.2%.
• Category mix: Footwear 67.1%; Accessories 32.9%.
• Stores are stocked via centralized warehousing; rollout of warehousing expanded.

Capital structure & liquidity

• No borrowings; debt-to-equity 0; total equity ₹49,772.69 lakh.
• Net working capital ₹204.27 lakh; cash and bank balances ₹712.09 lakh.
• Cash from operations ₹3,097.75 lakh; cash generated from operations ₹4,065.10 lakh before tax.
• Franchise and wholesale channels drive revenue with net working capital efficiency.

Dividends & shareholder actions

• Interim dividend paid: ₹1 per share; final dividend proposed: ₹1 per share.
• Record date: 21 Sep 2026; payout within 30 days of AGM.
• Resolved to declare final dividend subject to shareholders’ approval at AGM.

Governance & management changes

• Soham Dey appointed Whole-time Director for 5 years, starting at AGM.
• Remuneration for Soham Dey: Re.1 per annum; other terms as per Schedule V.
• Ms. Rochita Dey to be re-appointed as Director; board recommendations noted.
• Four Board meetings and four Audit Committee meetings held in the year.

Risks & outlook

• Risks: commodity price volatility; supply chain; competition; macro factors.
• Outlook: growth via new stores in Central and North India; stronger ecommerce and warehousing.
• GST 2.0 threshold up to ₹2,500 supports value-focused retail strategy.
• Contingent liabilities nil; past litigations resolved in company’s favour.

CSR & environmental & governance

• CSR spend ₹77.16 lakh; advised compliance with Schedule VII; surplus ₹8.57 lakh carried forward.
• CSR focus areas: healthcare, hunger relief, environmental sustainability, education.
• CSR policy on company website; CSR committee chaired by Anil Chandra Bera.

AGM notice and annual report access

• Intimation under Regulation 36(1)(b): AGM notice and annual report issued via web links for shareholders without registered emails.
• Notice and annual report accessible on company website and CDSL e-voting site; physical dispatch not sent.
• Shareholders may register email addresses by submitting signed request, PAN, and address proof to Company/RTA.

AGM Details

• 35th AGM will be held on Sep 28, 2026 at 11:30 AM via VC/OAVM.

Q1 FY27 Financial Highlights

• Revenue from operations ₹59.63 Cr, up 19.7% YoY from ₹49.80 Cr.
• Profit before tax ₹9.28 Cr, up 131.7% YoY from ₹4.01 Cr.

Profitability

• Profit after tax ₹6.99 Cr, up 138.2% YoY from ₹2.93 Cr.
• PAT margin 11.7%, up 583 bps.

Operational & Capital Structure

• Balance sheet remains debt-free; finance costs 0.16% of revenue this quarter.
• Microsoft ERP integration completed for granular cost visibility and optimization.

Growth & Channel Mix

• Q1 FY27 mix: 66.2% Footwear, 33.8% Accessories.
• Online revenue 19.4% of sales; 4-year CAGR +103.3%.

Governance & Outlook

• Appointments: Soham Dey as Whole-time Director; Bhaskar Chatterjee as Independent Director.
• Q3 outlook: festival season demand may be ~45% ahead of Q2.

Financial results

• Approved unaudited standalone quarterly results for quarter ended 30 June 2026, with Limited Review Report.

AGM details

• 35th AGM date/time: Sep 28, 2026 at 11:30 AM; VC/OAVM mode.
• Book closure: Sep 22–28, 2026 (inclusive).
• Notice dispatch cutoff: Aug 21, 2026; voting cutoff: Sep 21, 2026.
• Dividend record date: Sep 21, 2026; Final dividend Re 1 per share, subject to AGM.
• E-voting window: Sep 25, 2026 9:00 AM to Sep 27, 2026 5:00 PM.
• Scrutinizer: M/s Pawan Vani & Associates, Chartered Accountants.
• Notice of AGM and Annual Report to be issued by Company Secretary.

Appointments and governance

• Soham Dey appointed Additional Director from Aug 14, 2026; office till ensuing AGM.
• Soham Dey appointed Whole-time Director for 5 years from ensuing AGM, subject to member approval.
• Board committees reconstituted with effect from Aug 14, 2026.
• Anil Chandra Bera ceased as member of Audit, Nomination & Remuneration, and Performance Evaluation Committees.
• Anil Chandra Bera ceased as Chairman of Stakeholders' Relationship and CSR Committees.

Regulatory and other disclosures

• Unaudited results and Limited Review Report enclosed for Regulation 33 compliance.
• Auditors' review states no material misstatement.