Sreeleathers Ltd

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.

Resolution details

• Special Resolution to appoint Bhaskar Chatterjee as Independent Director for 5 years from 29 May 2026.
• Term: 5 years from 29 May 2026; not liable to retire by rotation.
• Profile: Bhaskar Chatterjee, 74, MBA; FMCG/retail veteran; independence confirmed.
• Remuneration: sitting fees for Board and Committee attendance as decided by the Board.
• Voting window: 14 Jul 2026 to 12 Aug 2026; results by 14 Aug 2026.
• Cut-off date: 03 Jul 2026; only members on record eligible to vote.
• Outcome: not yet announced; postal ballot results subject to requisite majority.

Dematerialisation/Rematerialisation status

• Dematerialisation requests received in quarter ended 30 June 2026 were processed (accepted/rejected) by the RTA.
• Securities dematerialised have been listed on the exchanges where earlier securities are listed.
• Physical certificates dematerialised were mutilated and cancelled after verification; depository name updated as registered owner.

Key board decisions

• Approved postal ballot notice for appointment of Mr. Bhaskar Chatterjee as independent director.
• Appointed Mr. Pawan Kumar Agarwal as scrutinizer for the postal ballot.

Postal ballot calendar

• Cut-off date for voting rights: 03.07.2026.
• E-voting starts on 14.07.2026 at 09:00.
• E-voting closes on 12.08.2026 at 17:00.
• Scrutinizer to report results by 14.08.2026.
• Results to be declared by 14.08.2026.

Meeting Details

• Board meeting on 6 July 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve Notice of Postal Ballot for appointment of Mr. Bhaskar Chatterjee as Independent Director (Special Resolution).
• Consider appointment of Scrutinizer and related incidental matters for the Postal Ballot process.